Crypto Warning From Within: Dogecoin Co-Creator Raises Scam Alarm

It is a warning from within. And it comes when many have already been injured. 

Palmer Jackson, a co-creator of dogecoin, one of the most popular cryptocurrencies, is raising the alarm about several crypto projects that he says are scams.

In a recent interview with the Australian site crikey, Palmer is asked about the crash in the cryptocurrency market this year. 

When the interviewer asked his opinion on what experts have dubbed “crypto winter,” the former crypto fan is merciless.

‘I Wish It Was the End of Crypto’

“I wouldn’t say that it’s in a winter,” Palmer said. “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. You wait for a while for the collective memory of the world to forget about how much of a scam it is. We’ve had ICOs [initial coin offerings], DAOs [decentralized autonomous organizations], now it’s NFT [non-fungible tokens].”

He continued: “Sadly I wish it was the end of crypto, but it’s not.”

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