Dogecoins DOGE/USD co-creator Jackson Palmer said this billionaire investor Mark Cuban and some high-profile venture capitalists have been “drinking the kool-aid” on cryptocurrencies and NFTs.
What happened: In a recent interview with Business InsiderPalmer said that unlike celebrities who get paid to promote certain crypto projects, Cuban actually sticks to the idea of crypto.
“Mark Cuban, as a celebrity, doesn’t get paid to promote this stuff. He was actually indoctrinated to believe that these things are the future,” Palmer said.
The Dogecoin co-founder further said that by funding the crypto space, Cubans and VCs like Andreessen Horowitz’s Marc Andreessen and Chris Dixon actually run some kind of ripoff.
“That’s more of a scam to me as they actively see it as an ongoing opportunity to make a profit – it’s not like they were once paid to promote something – it’s that they want to be the ones who.” have control or ownership or a large stake in this type of extractive, cunning system of cryptocurrency,” he said.
Also read: Bitcoin, Ethereum, Dogecoin surge higher over the weekend: what’s happening?
Cuban reportedly shrugged off Palmer’s comments when Business Insider asked for his opinion.
“Sounds like the same thing that’s been said about every new technology I’ve been involved with,” Cuban told Business Insider in a statement. In another statement too decryptsaid the shark tank investor: “Some people get caught up in the speculation side [of crypto]. I don’t.”
At the Code 2022 conference earlier this week, the Cuban, who calls himself the ether ETH/USD maxi said he believes crypto is “pretty boring” now because of a lack of newer applications to push it forward.
Price promotion: At press time, DOGE was trading at $0.064 and ETH at $1,719, up 3% and 5% respectively in the 24-hour period.
Photo: Courtesy of Gage Skidmore on flickr
