Dogecoin’s Co-Founder Dubbed Elon Musk a “Self-Absorbed Grifter”

In a now-deleted tweet, Dogecoin’s co-founder Jackson Palmer dubbed Elon Musk ‘a self-absorbed grifter,’ who goes by the nickname “The Dogefather,” after the Tesla CEO stopped accepting Bitcoin for Tesla vehicles. 

Dogecoin’s Co-Founder Mad at Elon Musk

The ban was imposed due to the detrimental environmental effects of cryptocurrency mining, which necessitates the use of more fossil fuels.

Jackson Palmer, hidden for years,

steps out from the shadows

executes a headshot with brutal precision

and fades back in 🙌 pic.twitter.com/JWJErWmPeV

— notsofast (@notsofast) May 14, 2021

He also mocked Elon Musk after he appeared on “Saturday Night Live,” causing Dogecoin’s trading price to plummet by 30%, calling it to cringe.

Musk has become the patron saint of the Dogecoin community Musk after helping to send the price of the canine coin into the stratosphere with his tweets and delivering on his SpaceX mission promise.

Palmer, who developed the digital Dogecoin currency as a joke with fellow software engineer Billy Markus in 2013, says on his website that he hasn’t been involved with the project or the cryptocurrency industry “in many years.”

Users who rarely hear from the self-described “product & data nerd based in San Francisco” were shocked by his Thursday night tweets. The reason why Palmer separated his ways from Doge in early 2015 was due to the “toxic” and greedy cryptocurrency ecosystem.

People inflating the market cap of the parody coin from 2013 to the tune of $90 billion with no active creation and numerous security vulnerabilities is something that the initial “Dogefather” cautioned about a few years earlier.

Co-Creator of Dogecoin Owns the World’s Most Luxurious Honda Civic

Another Dogecoin co-creator, Markus Billy, posted on Reddit three months ago warning when Shiba Inu Inspired coin was trading at a fraction of its recent highs:

“People are speculating about Dogecoin reaching $1, which would make the “market cap” greater than companies like Boeing, Starbucks, American Express, and IBM, which offer services to millions of people. Is Dogecoin deserving of such praise? That is something I am unable to comprehend, let alone react to”

Markus also announced that he sold all of his cryptocurrency in 2015 to purchase a used Honda Civic.