I get to tell people that I created Dogecoin, which is fun.”īut, on the sidelines, he’s also carving out a name for himself as something between a crypto cynic and a crusader. “I made a lot of people rich but I didn’t come away with any money. “It was always like a hobby project, like a side project thing,” says Palmer, who has kindly agreed to our interview just before he’s due up on stage, at Crypto Springs, earlier this month. It’s by no means likely that they’ll get it.”īut what keeps him awake at night is not that he’s passed up a fortune, it's that, despite retail investors losing millions, money is still pouring into cryptocurrencies, people are blindly still believing the hype and the bankers are taking over crypto-land.īut first, surely, everyone will want to know whether he has any misgivings about passing up such an immense fortune, with Dogecoin. “There's no way of submitting all the legal documentation that Coinbase requires. When I asked about the recent Coinbase rumor, he answered, albeit hesitantly. While that was all three years ago and he's moved onto other things, he's still horrified by its success, and wears the badge of spokesperson for Dogecoin reluctantly. His reason? The “ toxic community” that had encircled it and the stream of money that had seduced developers and speculators into thinking they'd reinvented the wheel. In 2015, he bowed out of Dogecoin, leaving a core team behind. It's now worth around $600 million, is listed on a number of digital exchanges, supported by multiple-coin wallets like Jaxx and is now even rumored to be listing on Coinbase. So perhaps it isn’t a surprise that Dogecoin has found wide appeal. It was also armed with a massive coin supply (100 billion), thus ensuring that each unit of DOGE would always carry a low price, with correspondingly low transaction fees. But co-founders Jackson Palmer and Billy Markus also came up with something rather clever: a digital currency that was more accessible, usable and all together a lot more fun than bitcoin. Characterized by company mascot “Doge”–-the Japanese dog breed, Shiba Inu-Dogecoin started out in 2013 as a tongue in cheek riposte to bitcoin, and the crypto world generally. It’s the crypto joke coin that keeps on giving.
0 Comments
Leave a Reply. |