In 2013, in the wake of the boom of the canonical “BitCoin,” using some of the same technological principles but tapping into contemporary internet-meme culture, “DogeCoin” was born. Despite its origins as a joke, on 5 May 2021 it reached a market capitalization of…

As for Palmers points, it makes sense. The only thing is that this is true for any new industry or technology, welthiest often have disproportianaly more information about new potential tech and can use it for their advantage. And push their vision of how it should be used.

Crypto stands for cyptography imo not cryptocurrency.


crypto is very often used to mean cryptocurrency nowadays


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