Last updated on October 13th, 2017 at 10:54 pm
Jackson Palmer, the co-founder of Dogecoin, has announced his departure from the cryptocurrency scene, citing the “toxic” community it’s associated with.
Will be taking an extended leave of absence from the toxic (and quite frankly, stagnant) space that is cryptocurrency.— Jackson Palmer (@ummjackson) April 23, 2015
A frustrated founder
The Australian coder used his departure as an opportunity to remind the Dogecoin community of its comedic roots, advising Dogecoiners to “never lose sight of the fact that it started as a playful, absurd joke,” in response to a recent decline in enthusiasm from the community.
Palmer shed more light on his reasons for leaving the CryptoCurrency scene in a statement issued to CoinDesk this morning, expressing frustration at the community:
All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so.
Specifically, he expressed his disdain for the demoraphic and political views that the community adheres to.
The community is very white male dominated, and there are a lot of anarcho-libertarian beliefs caught up in there which I really don’t agree with.
In addition to ceasing his involvement with CryptoCurrency-related projects, he also tweeted that he was divesting from any Crypto assets he holds, including Bitcoin, Dogecoin, and Stellar.
Palmer even went as far as stating that he sees “no long-term future for Bitcoin or cryptocurrencies at this point,” and also threatened to block any twitter users that tweet at him regarding CryptoCurrency.