Dogecoin is more than speculative elements: Shibetoshi Nakamoto

On Jan 30, 2022

Past Dogecoin developer explained how Dogecoin is going better with its new use case with the Robinhood platform.

Dogecoin is a popular meme coin. Tesla CEO Elon Musk is the biggest supporter of Dogecoin besides Bitcoin and Ethereum in this crypto industry. Elon Musk is giving better support to Dogecoin since the end of 2020 and now Dogecoin has its 10th position in this industry.

On 30 January, Billy Markus, past Dogecoin developer, took to Twitter to explain that how Dogecoin is working more than a speculation-based element.

Billy noted that Dogecoin is no longer a speculative asset on the Robinhood platform, a leading crypto-stock exchange of the US. Billy confirmed that people can use it for trading and tipping.

“it’s a HUGE deal that all the ships that bought #dogecoin on Robinhood will finally be able to use dogecoin as it was intended – trading, tipping, whatever – rather than solely as a speculative investment stuck on a centralized platform”

Through another twitter, Billy explained that he sent some Dogecoin from his Robinhood wallet with only 0.02 Doge fees ( very less than 0.002$).

just sent some doge from my @RobinhoodApp wallet! was easy and fee was only 0.02 doge – this is fantastic!

also it’s super weird when i look at the description of dogecoin in the app and see my name 🤣 pic.twitter.com/m9sHrlQYAm
— Shibetoshi Nakamoto (@BillyM2k) January 30, 2022

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Earlier this on 29 January, Billy posted a meme and tried to explain to the community that Dogecoin users are actually using bitcoin (Bitcoin technology with Dogecoin).

under the hood, it’s pretty much the same tech pic.twitter.com/D3p8EWfvjD
— Shibetoshi Nakamoto (@BillyM2k) January 28, 2022

Problem with Dogecoin against Bitcoin

The whole crypto industry knows very well that the Consensus of Dogecoin and Bitcoin is the same but here the majority of people don’t support Dogecoin because people believe that Bitcoin is much better than Dogecoin.

And one of the main reasons why people don’t think of Dogecoin as a better asset, is its unlimited supply.

The majority of the crypto traders don’t think that Dogecoin is a better asset to hold for the long term because of its unlimited supply.

However once, Ethereum co-founder Vitalik Butterin suggested the Dogecoin project team introduce some kind of protocol to burn the Dogecoin. Reportedly Vitalik will help the Dogecoin foundation in the future to bring innovations in Dogecoin.