Popular meme token dogecoinTesla CEO Elon Musk, known for his support of Twitter, has officially acquired Twitter.
After this purchase DOGE especially Bitcoin (BTC) It was a matter of curiosity whether cryptocurrencies such as Twitter will be used as a payment method.
Finally, the statements about Twitter and cryptocurrencies Charles Hoskinson, founder of Cardano (ADA) also participated.
In the YouTube video he posted yesterday, Twitter said, DOGE and ISLAND Speaking on the subject, Hoskinson argued that Twitter can turn into a more profitable, entertaining and decentralized platform by using Cardano and Dogecoin.
Hoskinson also believes that Twitter should use Cardano and Dogecoin to solve the problems it faces.
Reiterating the offer of Dogecoin to switch to the Cardano network, the famous name said the following in a Twitter exchange with Dogecoin founder Billy Markus:
“ADA has real use and utility beyond being a meme. The community also supports us in this regard.
The vast majority of new entrants to DOGE in 2021 were looking for a quick exit from a speculative surge. In this context, Twitter is the first real program that can help DOGE.
I also reiterate my proposal to make Dogecoin a sidechain of the Cardano network. Because I think the Dogecoin network in its current form will not meet Twitter’s requirements.”
Markus stated that Hoskinson disagrees with DOGE’s idea of using the Cardano network. “ DOGE, He will not use Cardano for anything.” said.
Recalling Hoskinson’s video, Dogecoin is a bubble, Markus accused Hoskinson of hypocrisy and said that Elon Musk would not consider him.
After Hoskinson listed his criticisms of memes, a striking comment came from Markus.
“Many of those who are interested in cryptocurrencies don’t care about anything and are just speculating. Most of your followers have no idea what you’re talking about, they just believe you’ll make them rich.”
Stating that DOGE was created as a joke and a fork of Bitcoin with no use, Cardano founder said that the price of DOGE depends on speculative movements and such situations misrepresent the crypto industry.
Responding to this, Billy Markus stated that he was also disturbed by Hoskinson’s portrayal of DOGE as a speculative entity. “DOGE is very simple and it doesn’t have to be anything else. Sometimes simple is good.” said.
The entire rant was based on a fact that hasn’t changed. The ownership of doge is heavily skewed toward just a few wallets that can dump profitably at pretty much any price. The context of that video was the doge surge to a dollar would result in this event.
— Charles Hoskinson (@IOHK_Charles) November 6, 2022
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