Tesla and SpaceX CEO Elon Musk argued on Twitter this present day that Dogecoin (DOGE) can beat Bitcoin (BTC) “fingers down,” with correct one tiny condition—nearly every DOGE’s vital component desires to swap, successfully turning it into a distinct token altogether.
So no mighty deal then.
“Ideally, Doge hurries up block time 10X, will increase block size 10X & drops price 100X. Then it wins fingers down,” Musk answered to a Twitter one who used to be arguing that “Elon is deciding on $DOGE attributable to Dogecoin is most animated than Bitcoin in many vital suggestions.”
Ideally, Doge hurries up block time 10X, will increase block size 10X & drops price 100X. Then it wins fingers down.
— Elon Musk (@elonmusk) Would possibly perhaps well 16, 2021
Judging by the community’s reaction, a range of customers were left feeling undecided whether Musk used to be “trolling” or no longer. One commenter pointed out that if Dogecoin’s blockchain would develop 10-megabyte blocks every six seconds, it can perhaps perchance accept as true with the community inclined to unsolicited mail attacks.
“For these shameful at math. 100X increased transaction volume with 100X decrease expenses manner total expenses earned stop identical. Low expenses & high volume are needed to significantly change foreign money of Earth,” Musk retorted.
WHY HAVEN’T WE THOUGHT OF THAT pic.twitter.com/vEXNXl6MXF
— Jameson Lopp (@lopp) Would possibly perhaps well 16, 2021
When asked why he won’t correct accept as true with a in point of fact fresh cryptocurrency that can fulfill these technical requirements, Musk explained that it’s a “mighty wretchedness within the neck to establish one other one.” Accrued, he implied that here’s furthermore a possibility, but “exclusively if Doge can’t set up it.”
In his turn, Adam Assist, CEO of Bitcoin construction agency Blockstream, puzzled Musk’s blockchain skills usually.
“That’s no longer how any of this works, Elon Musk. Would possibly perhaps perchance be esteem somebody wading into SpaceX with tips for a cuboid rocket fueled by water,” Assist wrote, in conjunction with, “He’s correct trolling. And perhaps hitting a blunt.”
Other customers were less lenient, arguing that if “Donald Trump has been banned for ‘being shameful’ for folks,” there will not be any such thing as a motive why Musk “must calm steal having this privilege.”
Donald Trump has been banned for “being shameful” for folks. I develop no longer idea why Elon must calm steal having this privilege.
— Rimbaud le Thug (@Monthox) Would possibly perhaps well 16, 2021
Most incessantly, many commenters pointed out that for a blockchain community to drastically lengthen its throughput and scalability, it desires to accept as true with compromises in varied areas comparable to security and decentralization.
“Maintain you tried making your spaceships 10x lighter, and 10x faster, and furthermore 10x bigger? This would ideally place on energy and effectivity,” one other person satirically asked Musk.
Maintain you tried making your spaceships 10x lighter, and 10x faster, and furthermore 10x bigger? This would ideally place on energy and effectivity. I’m elated to debate more in crucial aspects my tips. Let me know what you accept as true with, thanks.
— Yves ?ennaïm ? (@ZLOK) Would possibly perhaps well 16, 2021
Within the stop, no topic whether Musk used to be in point of fact joking or no longer, his habits on Twitter—especially in phrases of cryptocurrencies—has been pretty over the tip currently, some commenters argued.
“Because [Musk] has millions of newcomer customers who might perchance perhaps no longer know the variation. Funny trolling to him = rekt newbs in valid-existence,” Assist concluded.
Safe an edge on the cryptoasset market
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
On-chain analysis
Assign snapshots
More context
