Seems like the two founders of the cryptocurrency “Dogecoin” are not on good terms.
Recently, one of Dogecoin’s creators, Jackson Palmer, exposed on Twitter that fellow Dogecoin creator Billy Markus (aka Shibetoshi Nakamoto) blocked him on social media.
Billy Markus remained silent about the reason why he blocked his former friend. Fans are speculating that the potential reason for the block might have to do with Jackson Palmer’s criticisms of the cryptocurrency world.
Jackson Palmer’s Crypto Criticisms
Despite being the co-creator of one of the biggest cryptocurrencies in the world, Palmer is not really a fan of the idea behind crypto.
The Australian software engineer is an avid critic of cryptocurrency.
On Twitter, he once classified cryptocurrencies as “inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight, and artificially enforced scarcity.”
According to Palmer, the cryptocurrency community sells a false idea of “decentralization”. He believes that digital currencies are controlled by the same “powerful cartel of wealthy figures” that controlled the market in the past.
Jackson Palmer vs Elon Musk
After reading Palmer’s view on the matter, it’s no wonder that the Dogecoin co-creator is also not a fan of Elon Musk.
Musk became one of Dogecoin’s biggest promoters in December of 2020. At the time, Musk actively promoted Dogecoin on his Twitter account, which cause the currency to skyrocket in price.
At the time, Palmer went on Twitter to say that Elon Musk was a “grifter” and that he “sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that.”
Years later, Palmer claimed in an interview that he developed a script capable of automatically tweeting replies to scam tweets in order to warn users of the risk.
In that interview, Palmer stated that, although Musk had contacted him to request the script, the billionaire’s coding expertise was so poor that he didn’t know how to run it.
Not known for hiding from a Twitter brawl, Musk responded by saying:
“You falsely claimed ur lame snippet of Python gets rid of bots. Ok, buddy, then share it with the world …”
The billionaire then added, “My kids wrote better code when they were 12”.
To put into perspective how much the two Dogecoin’s creator’s personalities differ, Billy Markus is a very enthusiastic Elon Musk fan on Twitter.
Why Did Markus and Palmer Create Bitcoin?
Back in 2013, Palmer and Markus were two software engineers. Markus worked for IBM and Palmer worked at Adobe.
The duo of developers decided to create the world’s first “meme-coin” as a satire of the growing popularity of Bitcoin.
Jackson Palmer is credited as being the one who came up with the idea of Dogecoin.
Palmer initially purchased the domain “dogecoin.com”, and promoted the website as a joke. The website grew in popularity, and Billy Markus contacted Palmer in order to actually create the cryptocurrency.
Markus then designed Dogecoin’s protocol based on the existing cryptocurrencies Luckycoin and Litecoin, which use scrypt technology in their proof-of-work algorithm.
Dogecoin has since then jumpstarted the trend of countless other “meme coins”.
Today Dogecoin is the 10th biggest cryptocurrency in the world, with a capitalization of over $9 Billion dollars.