Hyper-capitalistic technology.

[soliton]

T

[cliber]

That is exactly how called the entire cryptographic industry Jackson Palmer, co-founder of the Dogecoin. Just to give you a feelings of his entire thoughts I will cite one of his tweets : "The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like “get rich quick” funnel designed to extract new money from the financially desperate and naive."


His opinion on the decentralization of the cryptocurrency industry is also unusual. But maybe you should read his tweets yourselves... please, read it and discuss it here.

Personally I've been following the development of Dogecoin so far, both selling value and buying value, indeed they are using the network, buying influencers to promote Dogecoin as a whole but in the last few weeks they managed to make Dogecoin rise to unusual numbers, some big steps that have been taken. they did so that this coin became the talk of many people in the past few weeks, now dogecoin is starting to normalize before this big influence we need to discuss again, is dogecoin just taking people's trust or does dogecoin have a great desire to compete with other, more powerful coins was at a high value.

[Devifajarina]

That is exactly how called the entire cryptographic industry Jackson Palmer, co-founder of the Dogecoin. Just to give you a feelings of his entire thoughts I will cite one of his tweets : "The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like “get rich quick” funnel designed to extract new money from the financially desperate and naive."


His opinion on the decentralization of the cryptocurrency industry is also unusual. But maybe you should read his tweets yourselves... please, read it and discuss it here.

There is a kind of promotion that Dogecoin is doing, usually coins that rise too quickly from the previous price in theory cannot last long in the market at normal prices, there are several assumptions that we think about, although this assumption is not necessarily true in its entirety. First, dogecoin is wooing the market to just have a bargaining value. Second, this scenario was deliberately created to weaken some other coins. Third, dogecoin wants to see the extent of their success in promoting themselves in the marketplace.
This kind of assumption is indeed sometimes wild, but this pattern is often done in increasing the bargaining value of a product or coin, concepts like this we often find. the possibility of success or not depends on dogecoin in playing its role.

[Fesatmas]

actually what is meant in his tweet is quite simple and easy to understand. although it uses figurative language to make it less transparent. but well, it's none other than because Fomo was intentionally designed and contracted for a certain time and distributed by influencers based on the contracts they signed. defraud buyers who do not have a disciplined financial strategy. trying to disrupt price movements and create injustice in the use of crypto users' rights.

influencers succeed in influencing their followers and they get paid for their work. For those who are naive and financially desperate, this is a part that should not be forgotten as a form of successful influence of influencers in killing the mentality of traders (market victims).

[pawanjain]

May be that is true but isn't it the responsibility of the individual to know what he is investing into ?
If a person is investing his hard earned money, huge sums of money, investing into a safe haven then it must be obvious for him to double check what he is putting his money into.
Talking about the influencers, they will do what they desire to do but again it depends on us if we are getting influenced by them or not.