Dogecoin (DOGE) Co-Creator Calls Crypto Industry a Facilitator of Scams That Exists Outside of Government Control

Dogecoin (DOGE) Co-Creator Calls Crypto Industry a Facilitator of Scams That Exists Outside of Government Control


The co-creator of popular meme token Dogecoin (DOGE) says a lack of traditional oversight leaves crypto traders vulnerable to being fleeced.

In a new interview with Australian media outlet The Project TV, Jackson Palmer, who along with Billy Markus developed Dogecoin in 2013 as a joke, says cryptocurrencies are speculative in nature because they derive value from other people rather than their actual utility.

“Cryptocurrency at its core is just a digital currency. The only reason that it has value is because people think it does.

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It is very much a purely speculative market. It doesn’t really provide anything back to society. You can’t really pay your rent with it. You can’t buy your groceries with it, necessarily.

It’s a little bit like an online

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