• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Monday, January 30, 2023
Galveston County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Crytpocurrency

Dogecoin Co-Founder Asks Supporters To ‘stay Cool’ Amid Crypto Plunges – The Indian Express

dogecoin-co-founder-asks-supporters-to-‘stay-cool’-amid-crypto-plunges-–-the-indian-express
Share on FacebookShare on Twitter

By: Tech Desk | Pune |

Updated: February 4, 2022 5:36:05 pm

DogecoinDogecoin is one of the most common mispronounced words. (Source: Wikimedia Commons)

Billy Markus, the co-founder of meme cryptocurrency Dogecoin has asked supporters to “stay cool” amid the cryptocurrency failing to gain any significant traction since January 2022. In a tweet, Markus warned the members of the meme-coin community against getting “crazy, toxic, attacky, spammy,” and said that could devalue the brand.

He stated that eventually, companies will stop accepting Dogecoin and crypto will stop attracting new people, adding that existing Dogecoin investors will leave to escape the negative environment. “It’s important to match your output with our goals,” he said. “Keep trying to be positive, kind, and fun, despite everything there is out there.”

Dogecoin has plunged since before the beginning of 2022. According to CoinMarket cap, Dogecoin was trading for around $0.15 (Rs 11) registering a loss of up to 3.36 per cent in the last 24 hours. For the uninitiated, Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer as a faster but “fun” alternative to Bitcoin.

It was started as a satire on the numerous fraud crypto coins that had sprung up at the time, and takes its name and logo from a Shiba Inu meme that was viral several years ago.

Earlier this week, Musk tweeted he will happily eat McDonald’s Happy Meal if the fast-food company starts accepting Dogecoin as payment. In response, McDonald’s posted on Twitter it will accept Dogecoin if Tesla started taking “Grimace Coin”. This is not a real cryptocurrency but a made-up name based on Grimace, a character that was featured in McDonald commercials.

Further, Musk also announced that Tesla will accept Dogecoin for merchandise on a test basis.“Tesla will make some merch buyable with Doge and see how it goes,” he said in a tweet. Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike ‘Cyberquad’ for kids and ‘Cyberwhistle’ modeled after its much-awaited Cybertruck.

In a recent interview with Time magazine, the Tesla and SpaceX chief said when it comes to transactions per day, Dogecoin is a way better crypto coin. “The transaction value of Bitcoin is low and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency,” he had said, adding that even though Dogecoin was created as a silly joke, it is better suited for transactions.

“The total transaction flow that you do with Dogecoin is transactions per day has much higher potential than Bitcoin,” he was quoted as saying.

? The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

© IE Online Media Services Pvt Ltd

Galveston County News Online

© 2021 Galveston County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Galveston County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT