The creator of Elon Musk’s favorite cryptocurrency says he’s a ‘grifter’ that doesn’t understand coding ‘as well as he made out’

Despite his love of Dogecoin, Elon Musk is not a fan of the cryptocurrency created by his cocreator. 

"He's a grifter. He sells a vision hoping that one day he can deliver what he's promising, but he doesn't know that. 

He's just really good at acting like he does." The Tesla full-self-driving promise is evident in an interview published Monday by Australian news outlet Crikey.

Palmer, who is Australian, said he and Musk have an "interesting past," telling the story of the first time he contacted Musk on Twitter.

According to Palmer, he wrote a script that detected and automatically reported cryptocurrency scams posted on Twitter at the time.  

Musk and crypto influencers received the script. He said “it became apparent very quickly that [Musk] didn’t understand coding as well as he made out”.  

"I wasn't a fan of him after that. My opinion of him and all billionaires is that I don't care for them."

Using the “Doge” meme, Palmer and Billy Markus created Dogecoin in 2013. 

Even though Markus and Palmer did not intend Dogecoin to grow exponentially, the community surrounding Dogecoin grew exponentially. However, both left the project in 2015. 

Over the years, Musk has become a fierce supporter of Dogecoin, tweeting and promoting it consistently.  

In addition to investing in Dogecoin, Musk has stated working with its developers on improving its network. His tweets and speeches even influence Dogecoin's price.