Dogecoin Founder Exits Crypto Community Citing 'Toxic' Culture

Dogecoin founder and Adobe senior manager Jackson Palmer has announced he is taking an "extended leave of absence" from the cryptocurrency community.

Calling the ecosystem "toxic", Palmer used the occasion to blast aspects of the industry, while encouraging users of dogecoin not to lose sight of its fun and playful roots. Launched in December 2013, dogecoin quickly became one of the more popular alternative digital currencies, though its community has recently seen a decline in enthusiasm.

In statements, Palmer suggested that the industry is in the midst of a period of stagnation due to the ideologies of the individuals it is attracting, as well as what he characterized as the poor quality of startups founded by new participants in the space.