Politics, there’s politics everywhere…
Everything in the world seemed to be political nowadays even things that are not supposed to be political like food, movies, music, video games, etc. Even cryptocurrency is becoming political. Correction… even cryptocurrency is being used as a political tool to push forward an agenda.
Yes, cryptocurrency, a decentralized digital currency that was created to give financial freedom to ordinary people was being used as a political tool by people that see politics in every little thing.
It’s annoying. It’s frustrating… and I really wish they would stop and let us be.
You must be wandering what I’m babbling about, right?
Let me explain. It has something to do with the rant of certain twitter user that want to color cryptocurrency with the dirty, stinky, ugly hue of politics.
Cryptocurrency is the farthest thing from being political and it’s not supposed to be political. It’s decentralized which mean no government in the world can control it.
But a certain twitter user who went by the username of Jackson Palmer @ummjackson thinks otherwise.
Now, you might ask. Who is Jackson Palmer?
I won’t go into detail on the man’s background but here’s what you need to know. Jackson Palmer, along with Billy Markus, is one the developer of the popular meme coin, Dogecoin.
Yes, he co-created THAT Dogecoin.
Jackson Palmer is not a very active Twitter user as he doesn’t like to be bothered too much which is a good thing as many known users had become too political and toxic for their own good after using the platform for a long time.
Right-wing, left-wing, chicken wing?
Palmer’s rant about cryptocurrency started after receiving questions asking him if he’ll ever return to cryptocurrency, or begin regularly sharing his thoughts about it. Obviously he answered “no” in both question.
That said, Palmer was still professional enough to explain to his followers and the people that asked him the questions why he won’t be involving himself in cryptocurrency ever again.
“After years of studying it, I believe that 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.”
In this tweet, Palmer called cryptocurrency as inherently right-wing which in my opinion is nothing but bullshit. Cryptocurrency does not cater to just one side of the political spectrum.
Right-wing, left-wing, or chicken-wing? Who cares what side of politics you believed in!?
Cryptocurrency caters to everyone regardless of social status, age, gender, political beliefs, or even religion.
Palmer said he had studied cryptocurrency for years but how come he sounded like those journalist from the mainstream media? Did he really studied cryptocurrency or did he simply watched mainstream news and call it “studying”?
The fact that he mentioned right-wing tells us that he’s a left-winger and had incorporated his political bias when he wrote the above tweet.
Another thing that irks me is that he calls the blockchain technology, the technology that created cryptocurrency, a hyper-capitalistic technology that was built primarily to make its proponents richer through tax avoidance and similar criminal act.
Is he serious? Did he really believe that the blockchain was created solely for criminal activities like tax evasion? According to his logic, does that makes me and others like me, people who are writing in a platform built on the blockchain technology, criminals and tax evaders?
Then what about the millions of people trading and investing in cryptocurrencies and other blockchain-related projects? Are they all criminals as well? Is the reason why he no longer wants to have any sort of dealings with cryptocurrency is because he thinks we are all criminals?
“Despite claims of “decentralization”, the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.”
Well, judging by his other tweet I guess he does. I mean “cartel”? Really? So we’re the mafia or an organization similar to a crime cartel now?
I think we should remind him that as the co-creator of Dogecoin that he’s also part of the “cartel” he loathes so much. Hypocrisy much?
Also, what’s wrong with working along with banks and other existing financial system? Surely he’s aware that in order to invest in cryptocurrencies investors must first exchange fiat to cryptocurrency, right? So of course cryptocurrency need to work along with financial institutions like banks.
Really, Jackson Palmer’s tweets make me question if her even read his own tweets. Is this what four years under Donald Trump did to him? Just because cryptocurrency does not align with his political ideology he’s now badmouthing it and everyone that believe in it?
“I applaud those with the energy to continue asking the hard questions and applying the lens of rigorous skepticism all technology should be subject to. New technology can make the world a better place, but not when decoupled from its inherent politics or societal consequences.”
I think the above tweet encompass the main reason why Jackson Palmer decoupled himself from cryptocurrency and is now one of its harshest critics.
Yes,from Palmer’s own words, he dislike the fact that cryptocurrency is NOT political and could not be used to push his political and societal agendas. He tried to makes himself look like someone fed up with the centralized government and system but at the end of the day, he’s no different from activists that wanted to use cryptocurrency to push his own political agendas.
Makes me wonder… did his wife’s boyfriend order him to write those tweets?
Final Say
Jackson Palmer’s hypocritical views and his attempt to politicalize cryptocurrency is certainly very annoying. That said some of his arguments do have some validity in it.
For example, the current cryptocurrency market is indeed suffering from the whims of some of the whales in the market. Not to mention there were also people like Elon Musk who want to influence the market and who has an ego that seemed to pierce the heavens.
In my opinion, these are some issues that need to be taken seriously and addressed as quickly as possible if we want cryptocurrency to have mainstream acceptance in the future.
Thank you for reading.
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My other articles: https://read.cash/@beastion
