Elon explained that he is “not an investor.” If he wants Dogecoin to succeed, it’s not because he wants to profit from it. This is because he loves good jokes and sincerely sees Dogecoin as a practical contender to become the Internet’s leading currency. The technology is reliable. Perhaps Elon admits that Dogecoin is a fun and trendy solution to Bitcoin’s shortcomings.
The truth is, Bitcoin fluctuates like a currency.
At some point over the past year, Bitcoin has gone from being the currency of the future to being a store of value.
This rebranding looks good on paper and has made a lot of people rich, but it strips Bitcoin of its intrinsic value.
Dogecoin, on the other hand, is meant to be spent.
It’s cheap, plentiful, and inflates at a discounted rate every year, encouraging spending and discouraging stockpiling.
Dogecoin puts “cash” into a “peer-to-peer electronic money system.”
It works best as a currency, and the Internet needs a currency. Elon posted a meme last year that the overthrow of Dogecoin in the global financial system was “inevitable.”
The truth is, Bitcoin fluctuates like a currency.
At some point over the past year, Bitcoin has gone from being the currency of the future to being a store of value.
This rebranding looks good on paper and has made a lot of people rich, but it strips Bitcoin of its intrinsic value.
Dogecoin, on the other hand, is meant to be spent.
It’s cheap, plentiful, and inflates at a discounted rate every year, encouraging spending and discouraging stockpiling.
Dogecoin puts “cash” into a “peer-to-peer electronic money system.”
It works best as a currency, and the Internet needs a currency. Elon posted a meme last year that the overthrow of Dogecoin in the global financial system was “inevitable.”
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
He doubled that joke during a discussion at the club on January 31st, stating that we might see Dogecoin rise because “fate loves irony” and “the most interesting outcome is the most likely.”
Everyone loves good jokes, and Elon is no exception.
In fact, he has a habit of taking jokes to their logical conclusion.
He named one of his companies “The Boring Company”.
He commercialized the S3xy short shorts to mimic hedge funds.
He sold a number of jokes such as “No Flamethrower” and “Teslakila”.
He released meme music, debuting as a Harambe tribute on his Emo G Records. He’s joking, but he’s not.
The execution of the joke is the main highlight.
In fact, he has a habit of taking jokes to their logical conclusion.
He named one of his companies “The Boring Company”.
He commercialized the S3xy short shorts to mimic hedge funds.
He sold a number of jokes such as “No Flamethrower” and “Teslakila”.
He released meme music, debuting as a Harambe tribute on his Emo G Records. He’s joking, but he’s not.
The execution of the joke is the main highlight.
