Dogecoin co-founder says Elon Musk is a ‘Grifter’ 

Key Takeaways

  • Elon Musk is being called a “grifter” by the Australian co-inventor of Dogecoin, who is trying to trick people about his expertise of crypto investing.
  • Mr. Palmer stated in an interview about his new podcast Griftonomics that his experiences with Tesla’s CEO had convinced him that he knows little about crypto or coding in general.
  • Mr. Palmer also believes Elon Musk is attempting to acquire Twitter in order to either destroy it by diminishing public trust in the platform, hence lowering the takeover bid price, or he’s delusional enough to believe he can construct an alternative.

One of Dogecoin’s creators is a public Twitter buddy of Elon Musk, while the other is a sceptica and jaded observer of the billionaire. Musk has been dubbed a “grifter” by Jackson Palmer, who claims Musk doesn’t even know how to run basic programming.

Elon Musk, the CEO of Tesla, will “always” be a thief, according to Dogecoin co-founder Jackson Palmer. Meanwhile, he sarcastically anticipates that no one will notice because, as Palmer phrased , “the world adores grifter.” Elon Musk’s encounters with the developer of a memecoin-turned-top cryptocurrency didn’t impress him, and he thinks that crypto is still destined for a catastrophic crash.

Jackson Palmer is an Aussie software developer who founded Dogecoin, a meme-based cryptocurrency that quickly rose to become one of the most valuable digital currencies in the world.

He spoke about Elon Musk, the cryptocurrency “winter,” and the mainstreaming of rentier capitalism in a rare, wide-ranging interview with Crikey, which coincided with the premiere of his new grifts podcasts.

Palmer claimed that he communicated with Musk via Twitter DMs and discovered that he doesn’t apparently know as much about technology as he says.

Palmer also believes Musk is attempting to devalue Twitter by procrastinating on signing the papers to purchase the firm. Palmer feels Musk’s game is to undermine all trust, or maybe he’s just deluded enough to believe he can construct an alternative.

Palmer claims Elon Musk is no big of a tech guy:

Palmer remarked in an interview about his new podcast Griftonomics that his meetings with Tesla’s CEO convinced him that he knows very nothing about crypto or coding in general.

“Elon reached out to me to get a hold of that script, and it became clear pretty quickly that he didn’t understand coding as well as he claimed,” Palmer added. ‘How can I run this Python script?’ he inquired.

Elon contacted Palmer to obtain the script, and it quickly became clear that he didn’t quite understand coding as well as he claimed. “How can I run this Python script?” Musk pondered after  Palmer handed him the script.

“He’s a grifter who sells a vision in the hopes of one day delivering on his promises, but he has no idea.Elon Musk is just incredibly adept at pretending according to a co-founder of Dogecoin. Palmer quotes Tesla’s full-self-driving claim as evidence in the this context

“They adore the prospect of being a millionaire one day, and that is the ideal he is peddling.”

According to Palmer, one advantage of the present bear market is that more people are becoming aware of cryptocurrency’s problems and the culture that surrounds it: “There’s been an awakening.” They’re starting to realise, ‘Well, this is actually a load of nonsense.’ The paint fractures are visible to them.”

Palmer is getting increasing backing from folks who are still involved in the cryptocurrency field for his scepticism. However, their newfound self-awareness isn’t causing them to abandon the Bitcoin world.

“When I tell people it’s a Ponzi scheme, they say, ‘So what, the whole world is a pyramid system,'” Palmer adds.

Palmer claims that “people are doing nothing but making money off doing nothing,” mentioning the famous artist Drake’s social media tactics as an example. Using the gambling site Stake, the superstar has made a public show of many six-figure Bitcoin wagers on his Instagram profile.

Palmer believes the entire world is slowly morphing into a “snake oil scheme” thanks to ICOs, DAOs, and NFTs, as well as the Metaverse. To his dismay, the sector does not appear to be slowing down, owing to “big individuals with large money.”

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Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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