Dogecoin founder quits cryptocurrency industry

[yellowpage09]

In major news, Jackson Palmer, Dogecoin founder and Adobe senior manager, has announced that he is taking an "extended leave of absence" from the digital currency space, citing "toxic" ecosystem.

He criticized certain aspects of the sector, while at the same time encouraged users of dogecoin not to lose sight of its fun and playful roots.

Palmer indicated that the cryptocurrency ecosystem is in the midst of a period of stagnation due to the principles of the individuals it is attracting, along with the poor quality of start-ups being established by new participants in the space.

"All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so", Palmer told CoinDesk.
 
(Source: http://fxwire.pro/Dogecoin-founder-quits-cryptocurrency-industry-29044)

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[Mr Tea]

Palmer indicated that the cryptocurrency ecosystem is in the midst of a period of stagnation due to the principles of the individuals it is attracting, along with the poor quality of start-ups being established by new participants in the space.

What did he actually expect from a currency called doegcoin?

"All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so", Palmer told CoinDesk.
 
(Source: http://fxwire.pro/Dogecoin-founder-quits-cryptocurrency-industry-29044)

Somehow I don't think those people involved with alt coins are 'libertarians'. They're just greedy capitalists who want one thing: to get rich quick from promoting any new crapcoin they can.

[madmadmax]

So the king of a crap "cryptocurrency" apparently talks about a non-existent "industry" from which he "quits". Mind boggling on so many levels.

[muddafudda]

Who cares. He made a shitcoin.

[3x2]

"All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so", Palmer told CoinDesk.

He created a shitcoin and now talking like he is Sathosi.

[Icardi09]

Good news, i'm sick with doge euforia last year
too many amount of coin make it worthless

[ElectricMucus]

He could have stayed for the laughs, those still are going up uP UP.
But it's understandable he's got better things to do.

[GTO911]

This man did HUGE damage to crypto, the shitstorm happened only after doge

[BitcoiNaked]

Good riddance, doge most overrated coin.

[BitJohn]

This man did HUGE damage to crypto, the shitstorm happened only after doge

Definitely an argument to be made there. At the same time Doge gave good exposure to the altcoin space so I have mixed feelings.

[TheMystic]

Who cares. He made a shitcoin.

There's only a couple alts that aren't shitcoins. The rest are simply garbage.

[BillyBobZorton]

Im glad I mined DOGE at the beginning and dumped it at like 120 sats (could have sold at 200 but oh well). Thanks to it I got a big chunk of BTC. Thats what alts are good for, dumping for BTC.
If he wants to stop the toxic environment, then work on developing Bitcoin and stop fucking around with useless alts.

[BitcoiNaked]

Im glad I mined DOGE at the beginning and dumped it at like 120 sats (could have sold at 200 but oh well). Thanks to it I got a big chunk of BTC. Thats what alts are good for, dumping for BTC.
If he wants to stop the toxic environment, then work on developing Bitcoin and stop fucking around with useless alts.

and then watch your bitcoin value going down the toilette

[solid12345]

He already pulled this drama stunt last year, he quit Doge because it was a "cult", now he is out attention whoring again.

[tokeweed]

"All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so", Palmer told CoinDesk.

He created a shitcoin and now talking like he is Sathosi.

In that quote, was he trying to express his disillusionment with Dogecoin? Was he hoping it could be more?

Or maybe it's something deeper...?  Maybe he's disillusioned with another project.  I think his name will be taken out here https://www.stellar.org/about/

[o0‡0o]

This man did HUGE damage to crypto, the shitstorm happened only after doge

si, si senior. he help craptsy survive with the "jokecoin"

[Sylon]

This man did HUGE damage to crypto, the shitstorm happened only after doge

Definitely an argument to be made there. At the same time Doge gave good exposure to the altcoin space so I have mixed feelings.

You're right too.
But look at the exposure now... A NASCAR car is running with huge Dogecoin stickers on it and it has not been an amazing thing as everybody was expecting to.
We also didn't heard a lot about Dogecoin charity after Sochi.

[iCEBREAKER]

Palmer indicated that the cryptocurrency ecosystem is in the midst of a period of stagnation due to the principles of the individuals it is attracting, along with the poor quality of start-ups being established by new participants in the space.

What did he actually expect from a currency called doegcoin?

"All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so", Palmer told CoinDesk.
 
(Source: http://fxwire.pro/Dogecoin-founder-quits-cryptocurrency-industry-29044)

Somehow I don't think those people involved with alt coins are 'libertarians'. They're just greedy capitalists who want one thing: to get rich quick from promoting any new crapcoin they can.

He's a consultant to NeuCoin, so still in the industry (if you consider corporatist scam-trash like NeuCoin to be crypto).

Poor baby!  The mean old libertarians weren't nice enough to him.  Better fetch his fainting couch, screaming pillow, and prepare to restring his pearls.

Plus Kleenex.  Lots of Kleenex.   

What a great example of the value of trolling.  This event demonstrates that trolling acts as the immune system of crypto, identifying and attacking Giant Douches such as Jackson Palmer.

[MicroGuy]

He already pulled this drama stunt last year, he quit Doge because it was a "cult", now he is out attention whoring again.

Yes. I think he's bound to quit a few more times before he's actually done.

[rix5]

He can't handle all these libertarians. lol
He needs his dick sucked from all angles or he thinks it's toxic people.
The douche made a coin for children, why did he even leave his subreddit without permission from his parents?