Many people might be smitten with Elon Musk on Twitter, but one of the co-founders of Dogecoin is not.
Jackson Palmer criticized the Tesla and SpaceX big boss, who has frequently endorsed the meme currency on social media, resulting in a large increase in its value in recent months.
In an interview with media outlet Crikey, the Australian native described Musk as a “self-absorbed grifter.”
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According to the Cambridge Dictionary, a grifter is “someone who gets money dishonestly by tricking people.”
A grifter is somebody who can “influence anybody into doing whatever they choose to have them do, that will result in the grifter’s personal gain, Urban Dictionary explained.
Jackson Palmer calls cryptocurrency a Ponzi scheme. (CoinShark)
Now, without mincing words, Palmer goes into full verbal assault by saying:
“Elon Musk was and always will be a grifter, but the world loves grifters … they love the idea that they may also be a billionaire one day, and that’s the dream he’s selling.”
The Dogecoin co-creator said his contacts with Musk had left him disappointed and asserted that Musk lacks the ability to execute basic programming.
According to Palmer, Musk contacted him to study a script, and it became immediately evident that he did not understand coding as well as he claimed.
He inquired, “How can I execute this Python script?” Palmer quoted Musk as saying, according to a Crikey story. Palmer had written a piece of code that automatically detects cryptocurrency scams on Twitter, and the two were discussing it.
Jackson Palmer, hidden for years,
steps out from the shadows
executes a headshot with brutal precision
and fades back in 🙌 pic.twitter.com/JWJErWmPeV
— notsofast (@notsofast) May 14, 2021
Palmer’s remarks may have been inspired by Musk’s periodic endorsement of Dogecoin and Shiba, among other meme coins. Musk’s tweets frequently boost the value of these tokens, which typically simmer down after a short period of time.
The accusations leveled against Musk spread across the entire cryptocurrency environment, which Palmer has frequently labeled a hoax.
He stated that the ongoing crypto winter has not yet reached its worst, and he anticipates a larger, longer-lasting bubble implosion in the future.
Palmer remains fiercely critical of the industrialist, in stark contrast to Markus’s flattering adulation to him. Palmer blasted Musk last month for his hostile takeover of Twitter.
DOGE total market cap at $11.35 billion on the daily chart | Source: TradingView.com
Palmer told Crikey, in reference to Musk’s decision to vote Republican:
“It’s so bizarre. I think the good news is that a big number of people do see through his shit, including a lot of those who have the rug pulled over their eyes.”
Palmer left the Bitcoin industry in 2015, citing its “toxic” atmosphere as the reason. He was particularly scathing of crypto advocates’ “anarcho-libertarian ideals.”
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Featured image from Business Insider, chart from TradingView.com
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