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Dogecoin co-founder blames ‘dangerous’ capitalism, ‘won’t return’ to cryptocurrency

Rocketfuel Blockchain CEO Peter Jensen discusses the emergence and long term of cryptocurrency.

Dogecoin co-founder Jackson Palmer on Thursday explained he will not be returning to cryptocurrency, calling it “an inherently appropriate-wing, hyper-capitalistic technological know-how.”

Palmer and co-founder Billy Markus established the coin based mostly on a well known meme as a joke in 2013. In April of this yr, it observed a much more than 500% price tag surge due in component to interest from Tesla CEO Elon Musk, earning Dogecoin a domestic identify — for crypto buyers, at minimum.

“Soon after yrs of learning it, I believe that that cryptocurrency is an inherently appropriate-wing, hyper-capitalistic know-how constructed principally to amplify the wealth of its proponents via a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” Palmer wrote.

He reported that even with “promises” that cryptocurrency is decentralized, which means it is not controlled

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Nicky Chicca by — July 16, 2021 in Cryptocurrency Meaning
I’m my high school’s first Black male valedictorian. I won’t be the last | Ahmed Muhammad

Ahmed Muhammad recently became the first Black male valedictorian in the 106-year history of Oakland Technical high school in Oakland, California, graduating at the top of his class with a 4.73 grade point average (GPA) and offers from 11 top universities. A video of his moving graduation speech subsequently went viral, drawing widespread attention on social media and even earning praise from the state’s governor.

Muhammad had previously earned fame for founding a non-profit called Kits Cubed that brings science kits to young students.

In his speech, Muhammad tackled the unprecedented circumstances that defined the class of 2021 – from the

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Nicky Chicca by — June 12, 2021 in My Tech High