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 Ndiyo Yakanakisa Shanduro Yemari Yaakaona

Aimbove PayPal exec, Elon Musk akataura maonero ake kuti Dogecoin yakanga iri pamberi pepakiti senzira yekutsinhana. Hakasi kekutanga kuti mukuru weTesla ataure pfungwa iyi. Akaita izvi nguva pfupi yadarika mubvunzurudzo nemagazini yeTimes semunhu wegore wemagazini.

Mukuru weTesla akaudza Lex Fridman kutenda kwake kuti Mars yaizoshanda nekristptocurrency, achirumbidza Dogecoin sesarudzo inobvira. Akataura izvi mushure mekuzivisa tariro yake pamusoro pevanhu vanouya paMars ne 2026. Musk akasimbisa, zvisinei, kuti kusarudzwa kwemari kuchasiyirwa kuvagari veMars, achiwedzera kuti "chingava chinhu chakasarudzika paMars. "

Hurukuro iyi yakaita kuti Musk ataure nezve hurombo hwemamiriro emari uye kuti cryptocurrency inogadzirisa sei "zvikanganiso zvakawedzerwa nehurumende." Mabhirioni akataura izvi, achipa kunetsa kwekuchengetedza dhatabhesi pamwe nemasimba ehurumende ekuwedzera zvinhu.

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 Ichiri Pachikwata 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 ichaita kuti chimwe chekutengesa chitengeke neDoge uye ona kuti zvinofamba sei."

Kutsigira kwaElon Musk kuDOGE hakuratidzi zviratidzo zvekuderera. Muna Chivabvu, bhirioni akaburitsa mune tweet kuti aishanda nevagadziri pachirongwa ichi. 

"Kushanda naDoge devs kusimudzira mashandiro ehurongwa hwekutengeserana. Zvichida kuvimbisa. ” 

Original source: ZyCrypto