Dogecoin creator Jackson Palmer said he was upset when the currency boomed in the 2021 meme trading frenzy. Palmer told Insider that he sees Elon Musk’s Dogecoin as building an army of misfit communities.
The engineer has traded with billionaire Dogecoin co-creator Jackson Palmer, who said it bothered him when copycat Reddit group SatoshiBets from Elon Musk and Wallstreetbets attempted to send the meme currency to the moon last year.
In an interview with Insider, Palmer said he was tired of being dragged into conversations about the currency he created eight years ago.
This completely pissed me off because that was the thing my name was associated with. I don’t think people realize it, but I wish something had happened to Dogecoin and Elon Musk and my Dogecoin cofounder Billy Marcus. I wasn’t drawn back into it, Palmer said.
When Musk took to Twitter in early 2019, an Adobe engineer told Insider, “Even when I completely removed all social media, it still smells like a bad word to me. Walk back and forth.”
The billionaire appears to be a close friend of Dogecoin’s other creator, Billy Marcus. Elon Musk has said that he has worked with developers on the digital currency in the past and that he supports Dogecoin in an effort to be an ally for those who are not wealthy.
Elon Musk was one of the biggest proponents of the currency in 2021, often with a tweet that exaggerated the price of Dogecoin. He also revealed plans to launch a crypto-themed satellite called Doge 1 on the Moon this year.