The crypto industry is controlled by a “powerful cartel of wealthy figures” according to Jackson Palmer.
The co-founder of the memecoin DOGE, Jackson Palmer, has slammed the entire crypto industry and its investors in a vitriol-laden Twitter thread on Wednesday.Palmer, who created the wildly popular coin as a joke in 2013, unleashed his tirade in a lengthy thread about whether he would ever return to cryptocurrency, in short his answer is an emphatic “no”. He stated his belief that crypto is right-wing and inequitable:“I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.”Palmer also claimed the crypto industry is controlled by a “powerful cartel of wealthy figures” which have “evolved to incorporate many of the
Tether invests $5 billion profit into US companies while holding $120 billion in US debt
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion…
