Jackson Palmer: “Crypto Is ‘Right-wing Hyper-Capitalist tech”

Former DOGE coin Co-founder Jackson Palmer criticized the whole crypto industry. 

He tweeted recently:

Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person.

Jackson Palmer via Twitter

Jackson stated that he would never return to crypto again.

The reason: because the industry is controlled by a “powerful cartel of wealthy figures.”

But the former DOGE coin Co-founder sold all of his DOGE years ago already. He does not work for any major project. So, his impact on the crypto industry is weak.

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