Creator Dogecoin Jackson Palmer contributed to the discussion about the crypto-currency bubble, saying that he believes that now - this market is a bubble, and that after the bubble bursts people will be less inclined to trust the technology of blocking and crypto-currencies.

Palmer told the New York Times that he sees parallels between the crypto-exchange industry - first of all, ICO, in particular, and the fast dock, when the capitalization of Internet companies reached several hundred million dollars, despite the absence of clear business models, which, ultimately , led to the collapse of the stock market.

He is sure that the same fate awaits and crypto-currency markets:.

People now trade crypto-currencies as pots shares. This has turned into a securities market.

Palmer left the Dogecoin project a few years ago after becoming disillusioned with his commercialization. What Palmer conceived as a joke became, in some way, a big business and attracted toxic characters. In his absence, Dogecoin continued to develop. Currently, the market capitalization of this crypto currency is about $ 100 million, and in June it reached $ 400 million.

Recently, Palmer launched a series of YouTube videos to help beginners in the crypto currency better understand the technology that underlies all the crypto currency.

He hopes that with the help of these videos people will become more involved and better able to appreciate this technology, will not be so focused on the profits that they can or will not receive as a result.

Ultimately, Palmer believes that the impending collapse may cause frustration among the general public so strong that people generally refuse to use crypto currency and blocking technology.

The larger this bubble, the more negative impact it will have on the society as a result. It will be similar to the collapse of the dock, but on a much more epic scale.