Dogecoin Founder Fires Back At Ripple CEO: “DOGE Is Essentially The Same Thing As BTC”
23 January 2024 - 11:00AM
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Dogecoin (DOGE) has recently received support from the crypto
community and some negative comments from recognized crypto actors.
A discussion sparked on the X platform (Formerly known as Twitter)
after Dogecoin’s Founder Billy Markus, also known as Shibetoshi
Nakamoto, responded to a clip of the comments made by Ripple’s CEO
Brad Garlinghouse about the memecoin. Related Reading: Dogecoin
Price Will ‘Moon’ If This Happens: Crypto Analyst Brad Garlinghouse
“Doesn’t Get” Dogecoin Last week, an X user uploaded a clip from
the “Clear-Eyed About Crypto” panel at the World Economic Forum
(WEF) meeting in Davos, Switzerland. In the clip, the CEO explained
that he believes “we will start seeing a clearer separation between
useful and not-so-useful crypto assets.” While discussing the
appeal of memecoins, Garlinghouse expressed that he “doesn’t get
it,” referring to Dogecoin. He added that, besides Elon Musk’s
involvement with the memecoin, he doesn’t see the use case or the
purpose of DOGE. The CEO stated: And I think what we haven’t seen
yet that I still think we will eventually see is a separation of
wheat and chaff of when are the assets… how are these technologies
being used to solve real problems that have real demand versus
ones, you know, I’ll pick on dogecoin: I don’t get it. Other than
Elon Musk as the central actor, I don’t see the use case and the
purpose. The Dogecoin founder challenged Ripple’s CEO comment,
stating on the X platform that “dogecoin is essentially the same
thing as Bitcoin with mildly different parameters and a dog
mascot,” adding that comments such as Garlinghouse’s come from
“just little brains pretending to be smart.” An Intense Discussion
Between Users And The DOGE Founder Markus’ response sparked
positive and negative answers from the online crypto community. One
user harshly told the Dogecoin founder to “stop deceiving” himself
and questioned his statement that Bitcoin and Dogecoin are the same
by asking, “Why then do the Bitcoin worth so much more than the
dogecoin?” Markus quickly dismissed it by labeling the question
“such a low iq take.” Regarding the Ripple CEO, another user
claimed that Garlinghouse “doesn’t understand the world
application” of memecoins, to which Markus replied, “he’s a crypto
bro arguing that some cryptos (that he has a bag of) are better
than other cryptos like every other boring low iq dillweed in this
space.” Lastly, when asked about his assessment of XRP, the
Dogecoin founder refused to answer, simply stating, “i don’t care
cuz i don’t have any.” Dogecoin’s price has seen a 3.3% uprise in
the last 7 days, according to data from CoinGecko. This could be
linked to the discourse around Dogecoin’s possible integration as a
payment method into the X platform, amplifying the community’s
interest and optimism. During the weekend, the cryptocurrency’s
price stayed in the $0.08 price region and is trading at $0.08361
at writing time, reflecting a 3.2% decline in the last 24
hours. Related Reading: Dogecoin (DOGE) Up By 11% As X Launches
Dedicated Payment Account DOGE is trading at $0.08361 on the hourly
chart. Source: DOGEUSDT on Tradingview.com Featured image from
Unsplash.com, chart from TradingView.com
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