Elon Musk On Why Dogecoin Is Fundamentally Better Than Anything Else He Has Ever Seen

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Elon Musk On Why Dogecoin Is Fundamentally Better Than Anything Else He Has Ever Seen

Човекът, който може би най-силно дърпа каишката на Dogecoin, основателят на Tesla Илон Мъск, призна, че оригиналната мем монета е фундаментално по-добра от всичко друго, което някога е срещал.

Мъск обяснява защо Dogecoin е фундаментално по-добър

Elon Musk praised Dogecoin for the umpteenth time during his latest appearance on the Lex Fridman podcast. The South African-born tech magnate compared DOGE to Bitcoin, obviously favoring the former.

Musk argued that Dogecoin has a much higher transaction volume functionality compared to the most valuable cryptocurrency as well as significantly lower transaction costs. “Right now, if you want to do a Bitcoin transaction, the price of doing that transaction is very high so you could not use it effectively for most things, and nor could it even scale to high volume,” he said.

In other words, Dogecoin is a viable payment option — one that can routinely be used to purchase a cup of coffee — unlike Bitcoin. According to the Tesla chief, the small Bitcoin block size and a long synchronization time made sense back in 2008 owing to the poor internet infrastructure at the time. But in 2021, Bitcoin’s transaction speed is “comically slow”.

Тогава Мъск отбеляза, че инфлационното предлагане на Dogecoin насърчава повече хора да използват монетата. Ако инвеститорите очакват цената на крипто актив да поскъпне навреме поради оскъдното предлагане, шефът на Tesla казва, че няма да са склонни да го похарчат. Ето защо той вярва, че Dogecoin е „фундаментално по-добър от всичко друго, което съм виждал, просто случайно“.

Earlier this month as Musk was named by Time Magazine as their 2021 person of the year, he reiterated that Dogecoin is a better substitute for transactional currency than Bitcoin, which most people would rather HODL as a store of value.

Is Dogecoin Really Much Better Suited For Tesla Than Bitcoin?

DOGE измина дълъг път от скромното си начало като шега крипто проект, базиран на вирусен интернет мем на дож Шиба Ину. Известни компании и хора прегърнаха Dogecoin тази година, но именно Илон Мъск е този, който основно помогна на монетата да преживее изцяло нов собствен живот. 

Earlier this year, Tesla invested $1.5 billion into Bitcoin and even went further to accept it for payment on its electric cars. Just three months later, though, Tesla infamously u-turned on its decision, цитирайки Bitcoin’s electricity usage as a cause for concern. Experts in the crypto space were quick to highlight the fact that Dogecoin employs the same proof-of-work (PoW) consensus mechanism as BTC, litecoin, and other cryptos. This means that the mining of the doggy-themed cryptocurrency consumes as much energy as that of bitcoin.

Yet, Musk оповестен this month that Tesla would begin accepting DOGE as payment for its merchandise on an experimental basis. It’s worth noting that the development team behind Dogecoin recently laid out its first-ever roadmap detailing an array of new exciting projects, including a possible jump to the energy-efficient proof-of-stake (PoS).

Ентусиастите на Dogecoin се надяват този път Dogefather да не обърне курса на любимата си монета.

В сряда DOGE сменя собственика на около $0.1691, което е спад от над 7% през последните 24 часа на фона на разпродажбата на крипто пазара.

Оригинален източник: ZyCrypto