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.

Ko Dogecoin Te Putanga Pai Mo Nga Moni Kua Kitehia e ia

Ko te Kaiwhakahaere PayPal o mua, ko Elon Musk i whakaatu i tana whakaaro ko Dogecoin i mua i te putea hei huarahi whakawhiti. Ehara tenei i te wa tuatahi i kii ai te rangatira o Tesla i tenei whakaaro. I penei tana mahi i mua tata nei i roto i te uiui me te moheni Times hei tangata mo te moheni o te tau.

I kii te rangatira o Tesla ki a Lex Fridman i tana whakapono ka mahi a Mars me te cryptocurrency, me te whakanui i a Dogecoin hei whiringa ka taea. I penei tana korero i muri i tana whakapuaki i tana tumanako mo te taunga mai o te tangata ki Mars i te tau 2026. Heoi, i kii a Musk ka waiho ma nga tangata o Mars te whiriwhiringa moni, me te kii "he ahua o te waahi i runga i Mars."

Ko te korerorero i arahi a Musk ki te korero mo te ahua kino o te punaha putea me te pehea e whakatika ai te cryptocurrency i nga "hape kua piki ake e te kawanatanga." Ko te korero tenei a te piriona piriona, e kii ana i te uaua ki te pupuri i te paataka korero me te mana o te kawanatanga ki te whakapiki ake i te tuku.

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. 

Kei runga tonu a Musk i te kapa 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.

"Ka hokona e Tesla etahi hokohoko me Doge ka kite me pehea te haere."

Ko te tautoko a Elon Musk mo DOGE karekau he tohu kua heke. I te marama o Mei, ka whakaatuhia e te pirionare i roto i te tweet kei te mahi tahi ia me nga kaihanga mo te kaupapa. 

"Te mahi tahi me nga kaiwhakawhanake Doge ki te whakapai ake i te pai o te whakawhitiwhitinga punaha. Ka whai hua pea." 

Kuputuhi taketake: ZyCrypto