Jackson Palmer, the co- creator of Doge coin, has criticized the CEO of Musk's company as a "grifter".
About a year ago, I said that Musk was a grifter but the world loved him.
It is not the first time that Palmer has criticized Musk and cryptocurrencies.
Dogecoin was originally created as a joke back in 2013 and at the time it amounted to little more than a nod to a common internet meme.
After years of studying it, Palmer wrote in an eye-opening thread last year that he believes that cryptocurrencies is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance.
Billy Markus is on friendly terms with Musk and often trades lighthearted banter with the billionaire.
Musk is right in his sights when it comes to the billionaire CEO's controversial bid to buy the micro-blogging site, because Palmer is out for blood.
The play is to either dismantle all trust or he is delusional enough to think he can build an alternative.
Palmer may be correct. It is not a stretch to think that Musk is trying to score with the deal. Without having to pay a $1 billion fine for backing out, that's even better.
Palmer took the opportunity to reiterate his belief that a bubble is set to burst in the longer term, and he also ripped into Musk.
He told the Australian publication that it will be a lot more painful and that it will affect minorities and those at the lower end of the socio-economic spectrum.
There is a silver lining to such an event.
He said that there has been an awakening. They are seeing the cracks in the paint.
It is not a stretch to suggest that people are starting to become wary of the trend given the recent crashes and high profile cases of scam.
It's possible that the ventures of a larger-than-life figure like Musk.
Dogecoin co- creator says Musk doesn't know how to run basic code.
The creator of Dogecoin says that he now believes in Cryptocurrencies that are not good.
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