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28 July 2021

Crypto offers more freedom, Coinbase CEO responds to DOGE creator

Crypto offers more freedom, Coinbase CEO responds to DOGE creator


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The CEO emphasized that one’s stance on the crypto industry depends on a perspective, elaborating that people who want more control from financial regulators are free to enjoy the traditional fiat system.

Palmer, who created Dogecoin as a joke back in 2013, took to Twitter earlier this week to blast the entire crypto industry, arguing that crypto is an “inherently right-wing, hyper-capitalistic technology” designed for a combination of “tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” In 2018, Palmer predicted that the industry is “rapidly racing towards an oversaturation of cryptocurrencies” to the point that their value and utility “inversely approaches zero.”

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cointelegraph.com
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