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

Orang yang bisa dibilang memiliki daya tarik terkuat pada tali Dogecoin, pendiri Tesla Elon Musk, telah mengakui bahwa koin meme asli pada dasarnya lebih baik daripada apa pun yang pernah dia temui.

Musk Menjelaskan Mengapa Dogecoin Secara Dasar Lebih Baik

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”.

Musk kemudian mencatat bahwa pasokan inflasi Dogecoin mendorong lebih banyak orang untuk menggunakan koin. Jika investor mengharapkan harga aset kripto terapresiasi tepat waktu karena pasokan yang langka, kepala Tesla mengatakan mereka akan enggan untuk membelanjakannya. Inilah sebabnya mengapa dia percaya bahwa Dogecoin “pada dasarnya lebih baik daripada apa pun yang pernah saya lihat, hanya secara tidak sengaja”.

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 telah berjalan jauh sejak awal yang sederhana sebagai proyek crypto lelucon berdasarkan meme internet viral dari seekor Doge Shiba Inu. Perusahaan dan orang-orang terkemuka telah menggunakan Dogecoin tahun ini, tetapi Elon Musk-lah yang pada dasarnya telah membantu koin mengambil kehidupan yang sama sekali baru. 

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, mengutip 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 mengumumkan 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).

Penggemar Dogecoin berharap Dogefather tidak akan berbalik arah pada koin favorit mereka kali ini.

Pada hari Rabu, DOGE berpindah tangan di sekitar $0.1691, turun lebih dari 7% selama 24 jam terakhir di tengah aksi jual pasar crypto.

Sumber asli: ZyCrypto