Comment

Comment by jorblumesea

Jackson Palmer, creator of Doge Coin, summarizes why he thinks this is a false narrative:

https://twitter.com/ummjackson/status/1415353986392072196?re...

I tend to agree. There are legitimate use cases, but overall it's unclear whether "the little guys" are really the main use case or how much the average Nigerian (or anyone else except the ultra wealthy) might benefit.

Now if your point is that some wealthy elites want to take power away from other wealthy elites, I'd say this is a more accurate take on the situation. For example, being able to circumvent taxes, or being able to manipulate markets on a global scale.

parent jorblumesea 5 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton