Dogecoin needs to cool down? The founder exposed it in 10 tweets

In 2013, Palmer made a joke about Dogecoin, registered the domain name Dogecoin.com, and posted a picture of a gold coin with a Doge expression on it.

On December 6, 2013, the joke became reality and Dogecoin was officially launched.

In 2015, Dogecoin founder Palmer announced his withdrawal from the currency circle with a high profile.

When announcing his withdrawal from the currency circle, he also gave his views on this circle: "The entire industry is filled with more and more white liberals, making money by relying on half-baked business concepts, and they Most of them will fail. Many of them have anarchism, which I don’t agree with.” In the same year, another founder Marcus also announced his withdrawal from the circle and sold out. All Dogecoin.

In April 2019, Dogecoin founder Palmer cleared his Twitter account and YouTube videos, and disappeared from the online world.

In February 2021, founder Marcus wrote a letter to all Dogecoin enthusiasts. In the letter, he said: Pulling, smashing, and speculation are worthless. The world is already very miserable, and these actions can only bring more negative impacts. I've seen a lot of this over the last 7 years as a founder and I'm not angry, just disappointed.

On July 14, 2021, Palmer returned to social media and posted 10 tweets on Twitter, making some severe criticisms of encryption technology and stating that he would never enter the currency circle again in his life.

In one of the tweets, Palmer wrote: "After years of research, I believe that cryptocurrencies are essentially a right-wing, hyper-capitalist technology whose primary purpose is Cryptocurrencies, he said, are "controlled by a powerful cartel of wealthy individuals." have "evolved to include many institutions tied to the existing centralized financial system that they were intended to replace."

He also said, "The cryptocurrency industry has taken advantage of an unfair A network of business relationships, purchased influencers and pay-to-play media channels perpetuates a cult-like 'get rich quick' channel designed to extract new money from the financially desperate and naive."

Palmer believes that the encryption industry hurts "ordinary people" who join the industry. Like other critics of cryptocurrencies, he believes the industry is vulnerable to fraud.

In response to Palmer’s post, Marcus, another founder of Dogecoin, said that Palmer’s views are basically correct.

After thinking calmly, the birth of Dogecoin to its popularity has indeed verified the views of the founder of Dogecoin.

Born as a joke, Palmer tweeted an idea for "Dogecoin" and Marcus built it without any expectations or plans. The entire development process only took about 3 hours, and most of the time was spent making modifications according to needs.

After such a birth process, do you still dare to say that Dogecoin is valuable? Can it be compared with actual legal tender and gold?

It has skyrocketed and plummeted just because of Musk’s repeated statements.

The currency price is manipulated at will by influential people, and it has obviously evolved into a leek-cutting scene: the big players squeeze more money from the economically disadvantaged and naive people.

The founder personally tore up Dogecoin, how can it still be cool?