Jackson Palmer

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Jackson Palmer
Image: photo via Wikipedia (Wikimedia Commons)
role	technologist, Dogecoin cocreator
known for	Dogecoin, leaving crypto, the 2021 thread calling crypto right wing and hyper capitalistic

Jackson Palmer is the Australian technologist who cocreated Dogecoin in 2013 and became crypto's most famous apostate, denouncing the industry as an inherently exploitative technology.

Contents

1 Cocreating the joke
2 The critic
3 Position in the culture
4 References

Jackson Palmer is an Australian product manager who was working at Adobe in 2013 when he jokingly tweeted about investing in "Dogecoin," then teamed up with Billy Markus to make the joke real. He is the cocreator of Dogecoin and, in the culture's memory, the founder who looked at what the meme coin became and walked away in disgust.

Cocreating the joke

Palmer supplied the meme instinct behind Dogecoin, buying the domain and framing the coin as satire of the 2013 altcoin bubble. The satire outgrew its authors: a tipping economy, charity campaigns, and eventually a top ten cryptocurrency. Palmer stepped back from the project in 2015, gave away or abandoned his holdings, and left the industry entirely, meaning that like Markus he captured essentially none of Dogecoin's later valuation.

The critic

Palmer resurfaced in July 2021 with a thread that became one of the most quoted texts in crypto criticism, writing that after years of study he believed cryptocurrency is "an inherently right wing, hyper capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity." He has not softened since. In a 2022 Decrypt interview he said he wished the crash was the end of crypto but did not believe it was, and in an interview with Crikey he described Elon Musk as a grifter and mocked the Dogecoin promotion cycle he had watched from outside. He launched the Griftonomics podcast in 2022 to examine scams and grift economies, telling Benzinga era outlets that crypto is "a parasitic thing" with its claws in every scam.

Position in the culture

Palmer functions as the shadow conscience of the trenches: the man who built the original meme coin and concluded the whole category is extraction. Trench culture cites him in both directions, as proof that even a founder can be wrong about upside, and as the uncomfortable voice whose predictions about grift, celebrity pumps, and retail losses kept coming true through the celebrity coin wave and beyond. He remains out of crypto and rarely gives interviews.

References

Category: People