Jackson Palmer (Dogecoin Creator) Wiki, Net Worth, Politics

Jackson Palmer.
Courtesy of Jackson Palmer’s LinkedIn profile.

 

Jackson Palmer is best known as the co-creator of Dogecoin.

This Wikipedia-style bio of Jackson Palmer will cover Palmer’s background, achievements, cryptocurrency-related activity (particularly regarding Dogecoin), and net worth.

 

Who Is Jackson Palmer?

Jackson Palmer is an Australian software engineer and marketing analyst who is best known as a co-creator of the Dogecoin cryptocurrency. Palmer is based in the United States.

Palmer has held managerial positions at Adobe for over a decade. As of July 2021, he was the Director of Product Management, Growth & Data Science at the company.

 

Jackson Palmer Bio And Background

Jackson Palmer’s LinkedIn profile states that he graduated from the University of Newcastle with a Bachelor of Management, Marketing in 2008.

From February 2009 to August 2009, Palmer held the position of Marketing Analyst at Business Catalyst (Sydney, Australia) – the developer of a platform for building and managing online businesses.

After Adobe acquired Business Catalyst, Palmer transitioned to Adobe’s Sydney branch as a Product Marketing Specialist, which marked the beginning of his long career at Adobe. As a Product Marketing Specialist, Palmer continued working on Business Catalyst.

From July 2012 to December 2013, Palmer served as an Associate Product Marketing Manager for Adobe Business Catalyst in Sydney.

In December 2013, Palmer transitioned to Adobe’s branch in San Francisco Bay Area as a Product Marketing Manager.

Between March 2015 and March 2016, Palmer worked as a Senior Manager for Usage Analytics, followed by the roles of a Group Manager in Engagement Marketing (March 2016 – December 2016), Group Product Manager for the Creative Cloud Engagement Platform (January 2017 – January 2019), Director of Product Management for the Creative Cloud Engagement Platform (January 2019 – December 2020), and Director of Product Management, Growth & Data Science (December 2020 – Present).

 

Jackson Palmer’s Dogecoin Cryptocurrency

Coin Bureau’s coverage of DogeCoin in April 2021.

 

Jackson Palmer co-created the Dogecoin cryptocurrency in 2013 with IBM software engineer Billy Markus, according to Vice. Dogecoin uses the image of the Shiba Inu dog from the “doge” meme as its mascot.

Markus told Vice that Dogecoin was created “without much real thought.” Palmer said he created Dogecoin as a joke in response to many altcoins that have “popped up in an attempt to take a bit of market share away from Bitcoin.”

Vice writes that on November 27, 2013, Palmer jokingly tweeted that he was “investing in Dogecoin”, being “pretty sure it’s the next big thing.” Some of Palmer’s friends encouraged him to “actually make it happen.”

Palmer told Vice:

One night after work, I sat down with a beer, I had too much time on my hands, and I bought Dogecoin.com. Then I Photoshopped the logo onto the coin and put it up there.

After coming across the early Dogecoin website, Markus reached out to Palmer to offer him to turn Dogecoin into a functional virtual currency.

Dogecoin gained widespread attention in a short timeframe. According to Junkee, over a million people visited Dogecoin.com within the first 30 days. A Reddit community dedicated to Doge was also created on December 8, 2013.

According to Vice, the Dogecoin subreddit tip bot – a script allowing users to tip others in Doge – reported over 10,000 tips totaling 20.6 million Doges ($8,000 at the time) in one week.

Major publications – such as Washington Business Journal – widely covered Dogecoin’s sharp increase in popularity. On December 19, 2013, Digital Trends reported that Dogecoin had jumped from $0.00026 to $0.00095 in the previous 24 hours (an increase of 300%).

Palmer attributed the quick growth of Dogecoin to its connection with a meme, Vice writes. Unlike Bitcoin – which, in Palmer’s words, is “associated with the dark web” – Dogecoin is “more accessible” and is “something people can get behind” thanks to its association with meme culture.

Palmer noted that Dogecoin was a learning experience for him rather than a way to make money.

Despite the initial skepticism and the apparent lack of utility, Dogecoin would survive and grow to the point its market cap reached the tens of billions of dollars range.

One of the strongest periods for Dogecoin was the first half of 2021. According to CNBC, as of May 5, 2021, Dogecoin’s price saw an over 12,000% increase compared to January 1, 2021. At the time, Dogecoin was worth about $0.69.

 

Palmer’s criticism of the cryptocurrency industry

In April 2015, Palmer announced his intention to leave the “toxic” and “stagnant space that is cryptocurrency.”

In January 2018, Palmer shared his dissatisfaction with the fact people’s focus was directed at Dogecoin’s investment potential rather than its underlying technology and the movement it was based on, CoinDesk writes.

In July 2021, Palmer came to media attention after posting a series of tweets criticizing the state of cryptocurrency.

Palmer opined that cryptocurrency is “an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.”

He added that the cryptocurrency industry is “controlled by a powerful cartel of wealthy figures” despite the claims of decentralization.

Billy Markus generally concurred with Palmer’s concerns but disagreed with the political claims.

Palmer’s tweets were widely covered by major online publications such as CNBC, Forbes, Bloomberg, and Insider. Cryptocurrency YouTubers – including CryptosRUs – talked about this as well.

Palmer’s tweet thread was treated with a mix of support- from left-wing political activists and crypto-critics- and derision from many within the Bitcoin community.

As an example, Nic Carter tweeted:

Overall, the thread catalyzed intense reaction on Twitter, and was retweeted several thousand times:

 

Jackson Palmer Net Worth

Jackson Palmer’s net worth is unknown. In October 2018, Palmer told Decrypt that Dogecoin hadn’t made him any money. Palmer also said that he wasn’t worried so much about missing out on a fortune as about the fact that money was “still pouring into cryptocurrencies” and that people were “blindly still believing the hype.”

As of the time of his thread (in July 2021), Doge was valued at about $0.18 and had a market cap of about $23 billion, according to Forbes.

 

Online Presence And Publicity

Jackson Palmer is present on Twitter and LinkedIn.

In July 2018, Palmer was interviewed by crypto YouTuber Ivan on Tech.

 

 

 

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