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 Yw'r Fersiwn Orau O Arian Mae Wedi Ei Weld

Mae cyn weithredwr PayPal, Elon Musk wedi mynegi ei farn bod Dogecoin ar y blaen yn y pecyn fel cyfrwng cyfnewid. Nid dyma'r tro cyntaf i bennaeth Tesla fynegi'r farn hon. Gwnaeth hynny yn ddiweddar mewn cyfweliad gyda chylchgrawn Times fel person y flwyddyn y cylchgrawn.

Dywedodd pennaeth Tesla wrth Lex Fridman ei gred y byddai Mars yn gweithredu gyda cryptocurrency, gan ganmol Dogecoin fel dewis posibl. Dywedodd hyn ar ôl datgan ei optimistiaeth ynghylch bodau dynol yn glanio ar y blaned Mawrth erbyn 2026. Pwysleisiodd Musk, fodd bynnag, y byddai'r dewis o arian cyfred yn cael ei adael i drigolion Mars, gan ychwanegu ei fod “byddai’n fath o beth lleol ar y blaned Mawrth.”

Arweiniodd y sgwrs at Musk i siarad am gyflwr gwael y system ariannol a sut mae arian cyfred digidol yn cywiro’r “gwallau a gynyddwyd gan y llywodraeth.” Dywedodd y biliwnydd hyn, gan nodi anhawster cynnal y gronfa ddata yn ogystal â phŵer mympwyol y llywodraeth i gynyddu cyflenwad.

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. 

Mae Mwsg Yn Dal Ar Dîm 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.

“Bydd Tesla yn gwneud peth merch yn un y gellir ei phrynu gyda Doge a gweld sut mae'n mynd.”

Nid yw cefnogaeth Elon Musk i DOGE yn dangos unrhyw arwyddion o leihau. Ym mis Mai, datgelodd y biliwnydd mewn neges drydar ei fod yn gweithio gyda datblygwyr ar y prosiect. 

“Gweithio gyda Doge devs i wella effeithlonrwydd trafodion system. Yn addawol o bosib. ” 

Ffynhonnell wreiddiol: ZyCrypto