Dogecoin co-creator turned no-coiner Jackson Palmer believes entrepreneur and “Shark Tank” host Mark Cuban has “drunk the Kool-Aid” when it comes to cryptocurrency.
In an interview, Palmer told Insider that crypto is a “grift.” He argued that while Cuban isn’t a paid influencer or shill, he has been “indoctrinated” by the world of crypto and Web3.
“They actively see it as an ongoing way to extract profit,” Palmer said of crypto investors like Cuban and a16z co-founder Marc Andreessen.
“It's not like they've been paid once off to promote something—it's that they want to be the ones that are in control or have ownership or a large stake in this kind of extractive, grifty system of cryptocurrency,” Palmer said.
Cuban shrugged off Palmer’s comments, telling Decrypt via email that “everyone can say what they want. I’m still a huge fan of crypto.”
“The hard part is separating the speculation from the underlying value,” Cuban said. “Some people get caught up in the speculation side. I don’...
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