fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, October 4, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Dogecoin Co-founder Says That “Crypto Only Has Value Because People Think It Does”

June 12, 2022
in Altcoin
Reading Time: 3 mins read
A A
Dogecoin Co-founder Says That “Crypto Only Has Value Because People Think It Does”
ShareShareShareShareShare

Related articles

You Can Now Become a SHIB Millionaire For Only $7

You Can Now Become a SHIB Millionaire For Only $7

October 4, 2023
Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

October 4, 2023

Dogecoin co-founder Jackson Palmer said in a recent interview with The Project that cryptocurrencies are facilitators of scams. Jackson Palmer created Dogecoin as a joke and left the project before DOGE gained popularity. Does he regret it? It doesn’t seem so.

“The only reason that it has value is because people think it does.”

Palmer emphasized that he didn’t save any of the crypto since he assumed it was a hoax. After becoming dissatisfied with the cryptocurrency community, he left the project shortly after its inception.

Jackson Palmer helped create Dogecoin as a joke, but now the Aussie co-founder has a warning for those looking to start trading in cryptocurrency, saying more people lose money than those who get rich.#TheProjectTV pic.twitter.com/b4vrI149Iy

— The Project (@theprojecttv) June 12, 2022

Since then, the software developer has confessed that he’s glad he didn’t become wealthy with Dogecoin.

“Because it is this thing that exists outside of the control of the government, because it is this irreversible transaction, it really has provided a means for scammers to come in and do all this stuff without that pesky.”

Dogecoin co-founder believes that crypto doesn’t provide anything to society

Palmer says that users can’t really pay their rent with it and can’t buy groceries and other necessary things. He compared crypto to an online casino, where the currencies are nothing but digital chips. He highlighted that when a person buys cryptocurrency, they are actually purchasing a receipt.

“Other people in the world will honor that receipt. I think it’s a little bit of a house of cards personally.”

He cited the fact that cryptocurrencies are not regulated, people use them for various illicit purposes. He also talked about various commercials where celebrities promote cryptocurrency and crypto apps, asking users to stay cautious as they are strictly for business purposes.

Source: NMK.WORLD

In response to a question as to how people make quite a lot of money in crypto, Palmer stated that:

“There is nothing there to stop people from being lucky. Some people happen to be at the right place at the right time.”

At the time of writing, Dogecoin is trading at $0.06653, a 6% down in the last 24 hours.


Credit: Source link

ShareTweetSendPinShare
Previous Post

DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert

Next Post

Web5 announced by Jack Dorsey’s Block to replace web3 as future of internet

Related Posts

You Can Now Become a SHIB Millionaire For Only $7

You Can Now Become a SHIB Millionaire For Only $7

October 4, 2023

Shiba Inu is currently trading with five ‘zeros’ around $0.00000726. SHIB failed to delete its fifth ‘zero’ despite the launch...

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn

October 4, 2023

Ripple’s XRP emerged as one of the rare gainers during a subdued 24 hours in the cryptocurrency market that saw...

SBF Trial: Day 1 concludes without a final jury selected

SBF Trial: Day 1 concludes without a final jury selected

October 4, 2023

The first day of the Sam Bankman-Fried (SBF) trial ended without a final jury being selected, and the process will...

Judge rejects SEC’s request to appeal Ripple decision

Judge rejects SEC’s request to appeal Ripple decision

October 3, 2023

The ongoing legal skirmish between the SEC and Ripple Labs added another chapter as Judge Analisa Torres denied the SEC’s...

Prosecutors say plea deal was never considered for Sam Bankman-Fried

Prosecutors say plea deal was never considered for Sam Bankman-Fried

October 3, 2023

On the opening day of  Sam Bankman-Fried‘s criminal trial in New York,  U.S. government prosecutors told the court that that...

Load More
Next Post
Web5 announced by Jack Dorsey’s Block to replace web3 as future of internet

Web5 announced by Jack Dorsey's Block to replace web3 as future of internet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

10 Years Taken: Bitcoin Icon Ross Ulbricht Is Still In Jail, Still Seeking Justice

10 Years Taken: Bitcoin Icon Ross Ulbricht Is Still In Jail, Still Seeking Justice

September 30, 2023
Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

October 4, 2023
Crypto Investment Platforms Gain Traction in India Amid Regulatory … – Investing.com Australia

Crypto Investment Platforms Gain Traction in India Amid Regulatory … – Investing.com Australia

September 27, 2023
The 3 Game-Changing Events This Week

The 3 Game-Changing Events This Week

October 2, 2023
Why Worldcoin fails to strike the balance between progress and privacy

Why Worldcoin fails to strike the balance between progress and privacy

September 30, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • You Can Now Become a SHIB Millionaire For Only $7
  • Kevin O'Leary Foresees The End Of 'Crypto Cowboys' As Industry Shifts Towards Regulation: 'They All Have – Benzinga
  • Digitalbits Blockchain evolves into XDB CHAIN: A Game-Changing Rebranding Initiative.
  • Will XRP Price Defy A 50% Stock Market Crash? Analysts Weigh-In
  • Ethereum futures ETFs on CME begin with light trading volumes
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,559.000.09%
  • ethereumEthereum(ETH)$1,642.88-1.10%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$212.85-0.81%
  • rippleXRP(XRP)$0.534.09%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$1,643.18-1.03%
  • solanaSolana(SOL)$23.24-4.93%
  • cardanoCardano(ADA)$0.255872-2.89%
  • dogecoinDogecoin(DOGE)$0.060965-1.60%
  • tronTRON(TRX)$0.0888311.17%
  • ToncoinToncoin(TON)$1.98-2.73%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.220.34%
  • matic-networkPolygon(MATIC)$0.582.95%
  • polkadotPolkadot(DOT)$4.02-2.80%
  • litecoinLitecoin(LTC)$64.26-2.61%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,520.00-0.22%
  • bitcoin-cashBitcoin Cash(BCH)$229.39-4.69%
  • shiba-inuShiba Inu(SHIB)$0.000007-1.12%
  • chainlinkChainlink(LINK)$7.55-1.17%
  • daiDai(DAI)$1.00-0.04%
  • leo-tokenLEO Token(LEO)$3.761.77%
  • avalanche-2Avalanche(AVAX)$9.692.95%
  • true-usdTrueUSD(TUSD)$1.000.09%
  • uniswapUniswap(UNI)$4.31-3.13%
  • stellarStellar(XLM)$0.1125681.01%
  • moneroMonero(XMR)$148.871.93%
  • okbOKB(OKB)$43.08-0.46%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.02%
  • ethereum-classicEthereum Classic(ETC)$15.54-4.56%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$6.98-3.53%
  • hedera-hashgraphHedera(HBAR)$0.048647-2.69%
  • filecoinFilecoin(FIL)$3.29-1.06%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • lido-daoLido DAO(LDO)$1.591.49%
  • internet-computerInternet Computer(ICP)$3.182.60%
  • crypto-com-chainCronos(CRO)$0.050134-0.34%
  • MantleMantle(MNT)$0.406763-1.48%
  • makerMaker(MKR)$1,426.32-1.99%
  • quant-networkQuant(QNT)$87.15-1.72%
  • AptosAptos(APT)$5.28-2.54%
  • vechainVeChain(VET)$0.016660-2.59%
  • optimismOptimism(OP)$1.30-4.21%
  • ArbitrumArbitrum(ARB)$0.88-4.47%
  • nearNEAR Protocol(NEAR)$1.09-2.57%
  • KaspaKaspa(KAS)$0.050347-0.34%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%