As Tesla CEO Elon Musk, who caused a stir in the cryptocurrency market with a remark to stop bitcoin payments, continued to pour out remarks to launch Dogecoin on behalf of Bitcoin, Bitcoin advocates took a counterattack.
On the 16th (local time), according to Benzinga, a media specializing in financial markets in the United States, Musk posted a post on Twitter on the 15th claiming that Dogecoin is better in function compared to Bitcoin.
When a netizen posted a post saying, ``Musk has chosen a better Dogecoin than Bitcoin,'' Musk commented here that the transaction speed and size of Dogecoin can be 10 times better and 100 times cheaper in terms of transaction fees. Answered.
In the meantime, Musk argued that "it (Dojicoin) easily beats (Bitcoin and other cryptocurrencies)."
Musk reiterated his intention to focus on improving Dogecoin transaction efficiency by commenting "Only when Dogecoin can't" to other netizens' proposals to create a new cryptocurrency.
"Creating another cryptocurrency is a big headache," he said.
On the 13th, one day after Musk announced that it would stop paying for Tesla cars using bitcoin, he started to launch Dogecoin by posting, "We are working with Doji developers to improve the efficiency of the (Dojicoin) trading system." It.
As Musk deliberately keeps posting articles that praise Dogecoin, the bitcoin camp's counterattack is also in full swing.
Michael Sailor, founder of software company MicroStrategy, pointed out that Dogecoin is centralized, less secure, and causes value inflation, unlike the original purpose of a cryptocurrency aimed at decentralization. "The world needs a decentralized and safe thing like Bitcoin. "I will do it."
Ari Paul, the founder of Block Tower Capital, a cryptocurrency investor, pointed out that Musk's claim that Dogecoin transactions can be faster and fees can be drastically reduced as "there is an engineering limitation."
According to economic media Marketwatch, Bitcoin advocate Twitter CEO Jack Doshi posted on his Twitter on the 14th, saying "We will work forever to make Bitcoin better."
As if aiming at Musk, he emphasized that "No one person can change or block cryptocurrency."
In addition, an article was posted online claiming that Jackson Palmer, one of the co-developers of Dogecoin, criticized Musk, reported by economic media, Business Insider and others.
A tweet that is believed to have been deleted after Palmer posted it on the 13th contained content criticizing "Musk is a scammer interested only in him and will always be."
The tweet also criticized Musk as "Doji Father" (Dojikoin's father), saying "I was embarrassed" for appearing in the famous comedy show "Saturday Night Live" (SNL).
Palmer has not verified the authenticity of the tweet to date.