Dogecoin (DOGE) co-founder Jackson Palmer ruled out the onset of cryptozyma in an interview with Crikey, noting the distribution of “mountains of money” by digital asset promoters.
“They’re waiting for a new batch of fools to come in. It’s cyclical,” the specialist said.
The Dogecoin co-founder explained that collective memory tends to fade. According to him, people no longer remember scams in ICOs and NFTs and are ready to invest in DAOs and IGOs.
Palmer expressed regret that the crypto market isn’t bursting anytime soon.
“More and more people are doing nothing but making money without putting in the effort. It’s kind of screwed us up. A mental problem has arisen – things that seemed ‘strange’ five or ten years ago are now commonplace. Now, even if fraud is obvious, people think, ‘Do I really care?” he explained.
The creator of Dogecoin sees an increase in “cynicism” regarding cryptocurrencies. From 2013 to 2020, he lost almost his entire circle of cryptoskeptics, though now they are beginning to “wake up” after losing money, Palmer noted.