- Jackson Palmer made an unfavorable prediction about the crypto market.
- Palmer took a swipe at Elon Musk over the new DOGE price increase.
Dogecoin founder and software engineer, Jackson Palmer, has tagged Dogefather who recognized himself as a grifter. Palmer made the comments after the SpaceX founder announced that SpaceX would begin supporting DOGE payments for its merchandise in a similar way to Tesla merch.
The announcement led to an increase in the price of DOGE. However, Palmer was not confused by the situation. He said Musk has little knowledge of coding or the risks associated with crypto investing. The founder of Dogecoin further said that Musk only deceived people by claiming to know crypto investments.
Palmer is the only one who can make a deep accusation. After all, he was one of the founders of meme -themed crypto. He then left the job, claiming it was a scam. Palmer made the revelation during the release of his latest podcast, Griftonomics.
Musk’s most basic knowledge of crypto and coding
The founder of Dogecoin said that discussions with the founder of SpaceX showed that Musk’s knowledge of coding or crypto is lacking.
I’m messaging Musk on Twitter for the first time in 2020. I want to share your opinions and other crypto influencers on the new bot I recently wrote about. A bot is a script that automatically detects crypto fraud from Twitter mentions.
“The bot also reports the fraud to the Twitter team automatically. I’ve had an understanding with jack and the product management team to make sure they receive the report when the bot is sent. After sending the script to Musk and other crypto influencers, Musk asked for the script to work. viewed in more detail.
However, it becomes clear from our conservation that they do not know coding as others believe. He asks ‘basic’ questions that shouldn’t be asked by new coders. He asked to know how to run a Python script. Even though I gave the script away, then I’m not a fan anymore. I would call him a ‘grifter.’ “People who don’t know how to make promises about a vision but know how to sell that vision well.
Palmer further said, Musk knows how to pretend to know something even if he doesn’t know it. One clear proof of this is Tesla’s vision of cars to be self -driving cars. Palmer said Musk promised several times that Tesla’s auto-driving car would be available next year. However, there is no current technology that can support this vision. It may never happen.
Many Ponzi schemes disguised as crypto now exist – Palmer
Palmer also shared insights on the current decline of the crypto market. He said that the price of crypto will further fall. He added that many people invest in crypto without enough knowledge. However, they may invest in Ponzi schemes in the name of crypto investing.
I wouldn’t call it the future of crypto. Crypto promoters are still making more money than idiots who want to invest. So, there is still an opportunity to reduce the price even more. There is a cycle of how this happens. You wait some time so that people can forget about the scammy nature of this type. Then, you attack again with another item. Previously, it was ICOs and DAOs.
“But now, it’s NFT and early game offerings. Same scam, different format.” “I believe that more accidents will happen; this is the time for some explosions. It may not be a severe explosion. But, it will hurt. Also, it will affect the general public of people in the lower socio -economic spectrum.
Most people who would get sick have invested a 401K into Matt Damon’s popular crypto ad. Dogecoin co-creator also thinks that buying Twitter Musk is to reduce people’s trust on social platforms. Thus, which is the reason for reducing the takeover price. He added that Musk would be delusional to think that he could build a ‘better Twitter.’