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Dogecoin creator says it 'annoyed' him when Elon Musk tried to send the cryptocu...

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Dogecoin creator says it 'annoyed' him when Elon Musk tried to send the cryptocurrency 'to the moon'

Grace Kay
Sat, September 10, 2022, 8:30 PM·4 min read
Jackson Palmer and Elon Musk
Jackson Palmer and Elon MuskDavid Paul Morris via Getty and Philip Pacheco/AFP via Getty
  • Dogecoin co-creator Jackson Palmer said it irked him when the currency surged in the 2021 meme-trading frenzy.

  • Palmer told Insider he sees Elon Musk's Dogecoin support as him "building an army" of misfit communities.

  • The engineer has traded jabs with the billionaire in the past.

Dogecoin co-creator Jackson Palmer said it bothered him when Elon Musk and WallStreetBets' copycat Reddit group SatoshiBets attempted to send the meme currency "to the moon" last year.

In an interview with Insider, Palmer said he's grown weary of being "dragged" into conversations around the currency he helped create over eight years ago. At the time, he saw Dogecoin as a "hobby' — now he said it's become a nuisance.

"It all kind of annoyed me because it was this thing that had my name tied to it. I don't think people realize it, but I wish that when something happened with Dogecoin and Elon Musk and my Dogecoin cofounder Billy [Markus] that I didn't get dragged back into it," Palmer said.

"Even when I had completely deleted all social media it continued to follow me around like a bad smell," he added.

The Adobe engineer told Insider he wasn't surprised when Musk began promoting Dogecoin on Twitter as early as 2019.

The billionaire appears to be close friends with the other creator of Dogecoin, Billy Markus. Musk has said he's worked with developers on the digital currency in the past and that he supports Dogecoin in an effort to be an ally to "people who are not that wealthy."

In 2021, Musk was one of the currency's biggest proponents — often sending Dogecoin's price soaring with a single tweet. He even revealed plans to launch a crypto-themed satellite named "Doge-1" to the moon this year.

But, Palmer said he sees Musk's interest in Dogecoin as a tactic, a means to "latch onto communities" in an effort to "absorb them into his cult of personality."

"He does this on several topics. Look at how a lot of the free speech, right-wingers have all kind of become big Elon Musk supporters," Palmer told Insider. "That's beneficial to him because he's kind of building his army, taking in the tribes of all these different kinds of misfit communities that are extremely dedicated and extremely passionate."


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