which aims to examine, challenge and demystify the ideas behind the emerging industry by speaking to the people who live and breathe it.When I made Dogecoin, I was already a very sceptical person, and it was created as a joke to make fun of crypto. But it happened to coincide with a unique period of time when crypto was having its first big run-up. And, as a result, I got quickly enveloped in the ecosystem.
Dogecoin, founded by Palmer, is a joke cryptocurrency that is currently the 10th largest crypto with a market capitalisation of $15 billion.When I set out to do Griftonomics, I wanted the series to be mostly about things that weren’t crypto-related, like hustle culture, online gambling, carbon credits, things like that. But the interesting thing about crypto is, as you start to scratch the surface of the things I just mentioned, in every topic, you find a crypto angle.
If you went back five years and people were telling you JPEGs of apes were selling for a million dollars, people would have laughed at you. But the problem is it has been legitimised by its promoters who are putting money in the pockets of celebrities or politicians to legitimise it. Elon has had a big impact, especially on the Dogecoin market and making people believe that it is something, which I obviously don’t agree with. But it’s not just Elon, I think it is also various large names like Marc Andreessen, Mark Cuban, and several other big names in investment that are heavily on the crypto train and probably carry just as much, if not more, influence than Elon Musk.
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Source: FinancialReview - 🏆 2. / 90 Read more »