Dogecoin As The Official Currency Of Mars? Elon Musk Ponders

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Dogecoin As The Official Currency Of Mars? Elon Musk Ponders

Musk reveals that DOGE, more than any other crypto, checks out as a currency. He likes Dogecoin as the currency of Mars but says it is up to the people.There is no sign of the billionaire relenting in his support for the token.

Elon Musk has continued to express his fascination with meme coin sensation Dogecoin. In a recent interview with Lex Fridman, Musk explained the reason for his preference of DOGE to Bitcoin.

Dogecoin és la millor versió de diners que ha vist

L'antic executiu de PayPal, Elon Musk, ha expressat la seva opinió que Dogecoin estava per davant del paquet com a mitjà d'intercanvi. No és la primera vegada que el cap de Tesla expressa aquesta opinió. Ho va fer recentment en una entrevista a la revista Times com a persona de l'any de la revista.

El cap de Tesla va dir a Lex Fridman la seva creença que Mart funcionaria amb una criptomoneda, elogiant Dogecoin com una possible opció. Ho va dir després de declarar el seu optimisme sobre l'aterratge dels humans a Mart el 2026. Musk va subratllar, però, que l'elecció d'una moneda es deixaria als habitants de Mart, i va afegir que "seria una mena de cosa localitzada a Mart".

La conversa va portar Musk a parlar del mal estat del sistema financer i de com la criptomoneda corregeix els "errors augmentats pel govern". El multimilionari va dir això, citant la dificultat de mantenir la base de dades, així com el poder arbitrari del govern per augmentar l'oferta.

Musk went on to explain that while Bitcoin improves on this system, its low transaction volume and high fees make it impractical as a currency and more like a store of value. Dogecoin, on the other hand, he said, was more scalable in terms of volume as well as very low in fees.

Musk acknowledged that Layer 2 solutions like the Lightning Network, which have been implemented in places like El Salvador, address the issues raised. However, he explained further that the deflationary nature of Bitcoin encouraged people to “hodl” it and not spend it, stating that that was not a trait that a currency should have. Musk added that Dogecoin’s design of a fixed number for inflation solved this issue without necessarily making it inflationary. 

Musk encara està a l'equip DOGE

Elon Musk has remained a vocal proponent of Dogecoin this year. He has used platforms from Twitter to recent interviews to promote the coin. Many have attributed the surge of interest in the token to the billionaire.

In a tweet nearly two weeks ago, the Tesla boss, who had held a Twitter poll earlier this year to ask if his fan base would like to use DOGE for payments at Tesla, revealed that the company would start accepting the token for certain Tesla merchandise in a tweet over two weeks ago.

"Tesla farà que alguns productes es puguin comprar amb Doge i veureu com va".

El suport d'Elon Musk a DOGE no mostra signes de disminuir. Al maig, el multimilionari va revelar en un tuit que estava treballant amb desenvolupadors en el projecte. 

“Treballar amb desenvolupadors de Doge per millorar l’eficiència de les transaccions del sistema. Potencialment prometedor ". 

Font original: ZyCrypto