KEY POINTS

  • Palmer said journalists writing with "positive slants" to fetch views
  • He claimed crypto promoters funnel in "heaps of money"
  • DOGE was trading up 4.60% at $0.08503

Australian software developer and Dogecoin co-creator Jackson Palmer has some scathing words against crypto promoters and journalists. He also doubles down on his earlier claim that Tesla CEO Elon Musk is a "grifter."

"He’s a grifter, he sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that. He’s just really good at pretending he knows. That’s very evident with the Tesla full-self-driving promise," Palmer said in an interview with Cricket when asked about the tech billionaire.

"I said Elon Musk was and always will be a grifter but the world loves grifters," the DOGE co-creator said, explaining what he said about the Tesla CEO last year. "My opinion on him and all billionaires is that I don’t care much for them," he added.

Dogecoin Cryptocurrency Medallion
Dogecoin Creative Commons/Forextime.com/flickr.com

Palmer also said that Musk was sowing a huge amount of discord and distrust on Twitter, and there are huge amounts of churn and attrition from staff. "I think the good news is that a large number of people do see through his ****, including a lot of people who have the rug pulled over their eyes."

When asked about crypto winter, Palmer disagreed and said, "I wouldn’t say that it’s in a winter. I still see heaps of money being funneled in by crypto promoters. They’re waiting for a fresh batch of fools to come in. This happens in cycles. You wait for a while for the collective memory of the world to forget about how much of a scam it is. We’ve had ICOs [initial coin offerings], DAOs [decentralized autonomous organizations], now it’s NFT [non-fungible tokens]. Now I’m seeing initial game offerings as the latest thing."

Palmer also criticized journalists claiming, "there’s a ton of journalists who’ve gotten on that gravy train. Ethics? Don’t need that any more." He noted he wants to see organizations "that have an ethics policy that prohibits writers from having crypto."

The Dogecoin co-creator said journalists were writing articles with "positive slants" to fetch views noting that "doom and gloom" pieces get "fewer eyeballs."

DOGE was trading up 4.60% at $0.08503 with a 24-hour volume of $511,342,465 as of 5:41 a.m. ET on Monday, based on the data from CoinMarketCap.

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