Jackson Palmer, a co-creator of Dogecoin and recurring cryptocurrency critic has returned with more critical remarks about the cryptocurrency sector, its supporters, and its influencers. Now, Palmer’s target of choice if the multi-billionaire and cryptocurrency investor Mark Cuban.
The Dogecoin co-founder accused Cuban of being a grifter, (a.k.a. a scammer) for attempting to claim a stake in the cryptocurrency system which Palmer deems “extractive and grifty.”
Palmer claimed in an interview with Business Insider that he believes Cuban has “drunk the Kool-Aid” about cryptocurrencies and NFTs.
According to Palmer, Mark Cuban isn’t being compensated as a celebrity to promote tokens. He also accuses the billionaire of being led to believe that these things (cryptocurrencies) are the future.
Dogecoin, one of the top 15 cryptocurrencies, and the object of Elon Musk’s ardent affection were created by Palmer, alongside Billy Markus.
Jackson Palmer and Billy Markus intended the coin’s original design to be a mockery of the speculative irrationality that surrounded cryptocurrency trading around 2013.
Since then, Palmer has long maintained blatant hostility toward the crypto community, whilst Markus continues to welcome them with a more jovial approach.
Mark Cuban’s Response
Cuban is not known for backing out of an argument, and this time it was no different.
Palmer’s allegations were refuted by Cuban in a statement to Insider. “Sounds like the same thing that has been said about every new technology I’ve been involved in,” he said.
Jackson Palmer’s History of Clashing With Billionaires
Palmer famously got into an argument with Tesla CEO and Multi-billionaire Elon Musk in the past.
The Dogecoin co-creator also accused Musk of being 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 said that he created a script that could automatically tweet responses to scam tweets to alert users to the danger.
Although Musk had contacted him to request the script, Palmer said in that interview that the billionaire’s coding skills were so lacking that he was unable to execute it.