În lucrarea sa recent tweet, the CEO of Tesla, Elon Musk claimed that he’s not interested in cryptocurrencies like Ethereum, Cardano, Solana, Polkadot, and IOTA because they don’t have ‘memes and dogs’, resulting in the price of Dogecoin to rebound from a steep sell-off over the weekend.
“Dogecoin Has Dogs and Memes, Whereas the Others Do Not”
Ever since Tesla announced on dismissing Bitcoin as payments due to environmental corners, rumors have been circulating in crypto circles that Elon Musk will now be considering proof-of-stake cryptocurrency projects.
Asking the Tesla CEO directly on the matter, Dave Lee, a YouTuber and one of Tesla’s earliest investor, enquired:
“Curious what are your thoughts on ethereum 2.0, Cardano, Solana, Polkadot, IOTA, and others that are trying to scale with low fees? What makes you choose doge over them?”
To which Musk replies “Dogecoin has dogs and memes, whereas the others do not.”
Musk has been critical of Bitcoin for its “insane” energy consumption, citing Bitcoin mining’s reliance on fossil fuels.
Despite the negative stance, Musk recently stated that Tesla would continue holding onto its $1.5 billion Bitcoin investment.
În ciuda faptului că Dogecoin a atras critici pentru lipsa de dezvoltare și pentru marii deținători de balene care dețin concentrația de token, DOGE a crescut cu 12,000% în această perioadă anul trecut, alimentand speculațiile că prețul criptomonedei ar putea urca până la 1 USD.
Elon Musk Asks Public to Help Develop Dogecoin
After announcing earlier this month that he would be working with Dogecoin’s developers to “improve system transaction efficiency,” Elon Musk recently a întrebat his Twitter followers to submit ideas to “develop Doge” via GitHub and Reddit, tagging, the developers of Dogecoin within the tweet.
He added that one user already suggested changing Dogecoin fees based on the phases of the moon, which he called “pretty awesome.”
Despite Musk’s public endorsement of the criptomonedă bazată pe meme, he once said that his dogecoin-related comments shouldn’t be taken seriously.
Meanwhile, Bitcoin is nearing the $40,000 level again after Musk tweeted that he had met with North American bitcoin miners on the energy conservation efforts in mining the cryptocurrency.
Am vorbit cu mineri nord-americani de Bitcoin. S-au angajat să publice utilizarea actuală și planificată a surselor regenerabile și să ceară minerilor WW să facă acest lucru. Potențial promițător.
- Elon Musk (@elonmusk) 24 Mai, 2021
Source: https://www.cryptoknowmics.com/news/elon-musk-vouches-dogecoin-for-the-dogs-and-memes
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