Dogecoin Founder Leaves Cryptocurrency Community

NO MORE SUCH WOW Dogecon Founder Jackson Palmer

According to Jackson Palmer, founder of dogecoin, the cryptocurrency ecosystem has become toxic and he will be taking an extended leave of absence from the community. Dogecoin is one of the younger members of the digital currency industry and was launched in December 2013.

Palmer still reminded members of the community to not lose sight of the playful roots of dogecoin. However, he also said that the industry has stagnated and that the quality of the startups has been poor. He also blamed the rise in venture capitalism in the industry in fostering a toxic environment.

Dogecoin Issues

“All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so,” said Palmer in his statement.

He also said that members of the digital currency industry have done very little to create an environment that is inclusive. He pointed out that the community is dominated by white males and filled with beliefs that he doesn’t support. “I don’t have time for it anymore,” he added.

Palmer sees the digital currency industry as a hotbed for scams, as news of security threats and hacking incidents have been dominant. For him, businesses aren’t doing enough to bring the technology to the masses.

In addition, he also took a swipe at the comparison to credit cards and other traditional means of payment, which tend to incur additional costs. “Those charges merchants incur on traditional credit card payments? They exist for a reason, and that’s insurance against fraud protection,” he explained. “I like the idea of being able to reverse charges if my bank account is ever compromised, personally.”

For other members of the community, Palmer may simply be sour-graping over the lack of popularity in dogecoin compared to other cryptocurrencies.

  • Doug

    SELLOUT!! dont let the door hit you on the way out .. Just one lazy person after another giving up.. typical of this day and age
    Best Regards

    • Kris

      You opting to take an impugnitive stance against this statement rather than one of support or at least inquisitiveness is exactly the kind of toxicity that does not endear a person to sticking around in a hostile environment.

      • Doug

        How does one support a pos that dumps his coin leaving rest with the bag and then proceeds to shit on rest of crypto community. I’m glad his toxicity is gone. He made his quick buck just like most coin creators. Sooner the crypto community realizes that all these shit coins do is dilute the value of btc and sooner later the creator will dump it on you!! Best regards d57heinz

  • cohagen

    He does have a point about rampant and irresponisible venture capitol making crypto a cluster muck of greed and half baked buzz word ideas that don’t really produce anything of value or use.

    • Doug

      Yea I will have to agree there. What is most disgusting to me. Is that crypto reaches far and wide. And some people were “tricked” into beleiving this is the next best thing. Only to have the dev of the coin dump after it becomes successful and screw people out what could be someone life savings. Btc/ altcoins is sadly becoming a rich man’s trick aswell. Best regards. D57heinz

  • Josh Fuchs

    No one tried to include white libertarian men, they just liked it because it matches their ideas. Why should any effort ever be spent to ‘include’ someone to a platform which inherently treats people of different genders, races, etc. completely the same? You don’t see the US Dollar saying, well jeez this product is suffering, most of Wall Street is full of white men, our currency isn’t appealing to minorities and women enough.

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