In a recent interview with Australian magazine Crickey, Dogecoin co-founder Jackson Palmer made no apologies for declaring that Tesla CEO Elon Musk will “always” be a GRIFTER. Meanwhile, he cynically believes that no one would notice since the “world loves grifters”, as Palmer put it. The creator of a memecoin-turned-top cryptocurrency says his interactions with Elon Musk didn’t impress him, and predicts that crypto is still headed for a big crash.
Musk, according to Mr. Palmer, has no idea about coding or the underlying risks associated with crypto and makes investment advices like he gives FSD Beta promises.
In an interview about his new podcast Griftonomics, Palmer said that his interactions with Tesla’s CEO have convinced him he has little knowledge of crypto or coding in general.
Here’s What Palmer Said:
“The first time I messaged him on Twitter years ago, I had written a bot, a script that would automatically detect if there was a cryptocurrency scam in your Twitter mentions and would automatically report them to the platform. I worked with Jack and his product management team so that when these reports were submitted they’d get them instantly. I gave it to other crypto influencers.
Elon reached out to me to get hold of that script and it became apparent very quickly that he didn’t understand coding as well as he made out. He asked, “How do I run this Python script?” After I gave him the script, I wasn’t a fan of him. 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 also believes Elon Musk is attempting to acquire Twitter in order to either “destroy” it by diminishing public trust in the site, hence lowering the takeover bid price, or “he’s delusional enough to think he can build an alternative.”
Palmer thinks that a recent drop in cryptocurrency prices, dubbed “crypto winter,” hasn’t deterred large investment. He believes that at some point in the future, a larger, longer bubble will collapse.
One benefit of the current down period, Palmer says, is that more people are paying attention to the flaws of cryptocurrency and the community surrounding it: “There’s been an awakening. They’re realising ‘well, this is actually bullshit’. They’re seeing the cracks in the paint.”
Who is Jackson Palmer?
Jackson Palmer is an Australian-born software developer who founded Dogecoin, a meme-based cryptocurrency that quickly rose to become one of the most valuable digital currencies in the world. In 2015, he ceased working on the coin and has subsequently condemned it.