Cryptocurrency is rotten to the core.

This is the argument of the co-founder of Dogecoin, Jackson Palmer, in a long twitter thread was released on Wednesday which is sure to spark a backlash among crypto believers. Palmer argues that contrary to utopian promises of decentralized financing and banking without a bank account, crypto as it actually exists in the world, is only there to help the rich get richer.

“After years of studying, I believe that cryptocurrency is an inherently right, hyper-capitalist …

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