This Week on Crypto Twitter: Elon Musk and Dogecoin Co-Creator Jackson Palmer Exchange Words

Illustration by Mitchell Preffer for Decrypt

The two most striking conversations this week on the world’s largest microblogging platform were Elon Musk’s beef with Dogecoin co-creator Jackson Palmer and Ethereum creator Vitalik Buterin’s thoughts on a letter sent to Washington by crypto-skeptics.

On Monday, an Australian media Crikey published a interview with Palmer, who was promoting his new podcast, Griftonomics, when he got into the crypto industry.

“I wish this was the end of crypto, but it’s not” palm saidbefore turning to Musk: “He’s a con man. He’s selling a vision in hopes that he can one day deliver what he promises, but he doesn’t know it. He’s just really good at pretending to know.”

Palmer also said he wrote a Python script that would automatically detect and report spambots in a Twitter user’s mentions. The Dogecoin enthusiast Musk reportedly contacted Palmer and asked for the script, but, according to Palmer: “It became apparent very quickly that he didn’t understand the coding as well as he claimed. He asked, ‘How can I run this Python script ?'”

The Tesla CEO responded by saying his kids wrote better code than Palmer. Musk also called Palmer “a tool.”

Palmer did not respond directly to Musk’s taunts, but he defended his spambot catcher in a later mini-thread.

Wednesday, the FinancialTimes reported that a letter signed by 26 anti-crypto computer scientists, tech bloggers and academics, including many alumni FANG employees, had been presented to US lawmakers.

The letter urges regulators to “take a critical and skeptical approach to industry claims that crypto-assets are innovative technology that is unqualifiedly good,” and asked them to “resist the pressure from financiers, lobbyists and digital asset industry boosters”.

Vitalik Buterin, creator of Ethereum seemed to respond to the letter in a tweet thread on Friday.

Buterin also said crypto fans are upset and confused that British-Canadian tech blogger Cory Doctorow is a signatory to the letter, because they had considered him an ally. In 2018, Doctorow delivered a Scheduled speech called “Decentralize, Democratize, or Die” at DevCon, the annual Ethereum developer conference.

Buterin also mentioned that he was unhappy with the amount of infighting in the crypto community. He suggested it was a byproduct of success, because as companies grow, they find themselves in more direct competition with each other.

Somewhere else

Axios’ Lachlan Markay provided a concise account of how Rep. Madison Cawthorn (R-SC), who is under investigation by the House Ethics Committee for a purported pump and dump system involving the piece “Let’s Go Brandon”, played the last 10 days of 2021.

On Thursday, NFT brand creator Nifty’s announced a major partnership with Warner Bros.

Also that day, blockchain sleuth ZachXBT wrote a lengthy thread about Animoon, an NFT scam that couldn’t be more egregious to anyone even dimly aware of recent pop culture.

Barry Silbert, founder of the Digital Currency Group (which includes crypto asset management giant Grayscale), has challenged a New York State Senate proposal to impose a two-year moratorium on all powered proof-of-work by fossil fuels. , calling it a “job killer”.

But State Senate Bill S6486D passed 36-27 Friday morning. He is now heading to the governor’s office. Kathy Hochulwho has 10 days to sign it or veto it.

Coinbase, following a $430 million loss in the first quarter, announced on Thursday that it would not only freeze hiring, but also rescind offers recently accepted by applicants. Recruitment firm Blind tweeted out a job offer letter, which promised recipients that the company would not rescind offers, and an email doing the exact opposite.

And finally, Kanye West decided it was time to ask him about NFTs.

Want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news + weekly digests and more!

Source link