{"id":62234,"date":"2022-05-30T16:47:17","date_gmt":"2022-05-30T13:47:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62234"},"modified":"2025-09-05T16:44:50","modified_gmt":"2025-09-05T13:44:50","slug":"dogecoin-co-founder-doubts-crypto-winter-is-coming","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-co-founder-doubts-crypto-winter-is-coming\/","title":{"rendered":"Dogecoin Co-Founder Doubts Crypto Winter Is Coming"},"content":{"rendered":"<p>Dogecoin (DOGE) co-founder Jackson Palmer, in an interview with Crikey, ruled out the onset of a crypto winter, noting the distribution of a &#8216;mountain of money&#8217; by promoters of digital assets.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Jackson told me he&#8217;s worried about the normalisation of grifts (the topic of his new podcast) <a href=\"https:\/\/twitter.com\/griftonomics?ref_src=twsrc%5Etfw\">@griftonomics<\/a>) as people are no longer ashamed of, particularly in crypto<\/p>\n<p>&#8220;I think people think that if they make money, it\u2019s OK. Hustle, hustle, make money.<a href=\"https:\/\/t.co\/bEF2at8UFB\">https:\/\/t.co\/bEF2at8UFB<\/a><\/p>\n<p>\u2014 cameron wilsson (@cameronwilson) <a href=\"https:\/\/twitter.com\/cameronwilson\/status\/1531121901417877504?ref_src=twsrc%5Etfw\">May 30, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>They are waiting for a new batch of fools to come. This happens cyclically<\/em>, the expert said.<\/p>\n<\/blockquote>\n<p>Palmer explained that collective memory tends to fade. He said people no longer remember scams in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-an-ico-and-can-you-profit-from-it\">ICO<\/a> and NFT and are ready to invest in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAO<\/a> and <span data-descr=\"From the word 'grift' \u2014 fraud.\" class=\"old_tooltip\">IGO<\/span>.<\/p>\n<p>Palmer expressed regret that the crypto market will not crash anytime soon.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>They are waiting for a new batch of fools to come. This happens cyclically<\/em>, the expert said.<\/p>\n<\/blockquote>\n<p>The Dogecoin creator sees cynicism toward cryptocurrencies rising. From 2013 to 2020 he lost almost the entire circle of crypto-skeptics, though they have since begun to wake up after losing money, Palmer noted.<\/p>\n<p>The Dogecoin co-founder again criticized Elon Musk.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>He&#8217;s a fraud. He sells his vision of the future in the hope that someday he will be able to deliver what he promises. But Musk doesn&#8217;t know it<\/em>, the expert said.<\/p>\n<\/blockquote>\n<p>Palmer launched the podcast <span data-descr=\"From the word 'grift' \u2014 fraud.\" class=\"old_tooltip\">Griftonomics<\/span>, in which he aims to sharpen his critique of the community.<\/p>\n<p>Back in 2021, the co-founder of Dogecoin <a href=\"https:\/\/forklog.io\/soosnovatel-dogecoin-kriptoindustriej-upravlyaet-kartel-bogatyh-lyudej\/\">called<\/a> the cryptocurrency \u00abultra-right, hyper-capitalist technology\u00bb, created to increase the wealth of the already wealthy.<\/p>\n<p>In 2013, Palmer, together with his Adobe Systems colleague Billy Markus, created the meme cryptocurrency Dogecoin. The developers did not anticipate that their project would be taken seriously. Two years later they <a href=\"https:\/\/forklog.io\/osnovatel-dogecoin-pokinul-industriyu-kriptovalyut\/\">left the project<\/a> and <a href=\"https:\/\/forklog.io\/soosnovatel-dogecoin-rasskazal-kak-izbavilsya-ot-monet-v-2015-godu\/\">sold the DOGE they owned<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE) co-founder Jackson Palmer, in an interview with Crikey, ruled out the onset of a crypto winter, noting the distribution of a &#8216;mountain of money&#8217; by promoters of digital assets.<\/p>\n","protected":false},"author":1,"featured_media":62235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,2217,1138],"class_list":["post-62234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-jackson-palmer","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62234"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62234\/revisions"}],"predecessor-version":[{"id":62236,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62234\/revisions\/62236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62235"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}