Dogecoin co-creator Jackson Palmer said in a new interview with Australian publication Crikey that he wishes “it was the end of crypto, but it’s not,” and that “increasingly people are doing nothing but making money off doing nothing, it’s kind of fucked us all up.”

Palmer was promoting his new podcast Griftonomics, a name that also reflects his current criticisms of crypto. 

“I honestly thought that [crypto] would implode a bit more quickly and people would learn their lesson,” said Palmer. “But increasingly, in the past six months, I’ve seen a continued perseverance. You see these big people with big money getting involved and that means it’s not slowing down.”

He also shot down the idea there might be a “crypto winter” around the corner saying: “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.”

         

Palmer denounced ICOs, DAOs, and NFTs as scams and called Initial Game Offerings (IGOs) the industry’s latest swindle. Initial game offerings are similar to ICOs: investors pre-purchase a blockchain game’s NFTs or in-game currencies. 

Despite the money flooding in, the Dogecoin creator still believes that cynicism towards crypto is growing. 

He recounted how between 2013 and 2020 he had surrounded himself with “crypto skeptics,” but “one by one, they progressively drank the crypto Kool-Aid.” 

However, he sees the enthusiasm ebbing now: “due to people losing money there’s been an awakening.”

“I think there’s…


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