Saturday, December 3, 2022
HomeCrypto NewsMarketDogecoin Founder Asserts DOGE Will Not Use Cardano For Anything

Dogecoin Founder Asserts DOGE Will Not Use Cardano For Anything

- Advertisement -
Follow-Us-On-Google-News

Billy Markus is not buying Hoskinson’s proposal to adopt Dogecoin as a Cardano sidechain.


In a tweet on Sunday, Dogecoin co-creator Billy Markus asserted that Dogecoin would not use Cardano for anything.

It came in response to a recent proposition by Cardano chief Charles Hoskinson to make Dogecoin a Cardano sidechain so it can be scaled to handle the load of Twitter transactions, should Elon Musk decide to opt for a Twitter DOGE integration.

While Hoskinson claims that the proposition is an “olive branch,” the DOGE co-creator is not buying it. Markus explained that the reason for his skepticism comes from statements from Hoskinson describing DOGE as a mockery of his life’s work.

Additionally, he asserts that it was dishonest of the Cardano chief to make it look like only Dogecoin speculation was risky, noting that it is the same for all crypto. Emphasizing this argument, Markus highlights a period in 2018 when ADA had a 97% price decline in response to Hoskinson’s concerns about regulatory scrutiny should Dogecoin crash after a hypothetical scenario where it clinches the $1 price point.

While Markus’s statements in no way rule out the chances of Dogecoin becoming a Cardano sidechain, it vastly reduces it. As Markus highlighted, he is no longer on the Dogecoin project and has not been for some time. However, despite downplaying it, he commands influence within the space with over 1.9 million Twitter followers.

It is worth noting that despite the heated exchange on Twitter by the crypto creators, previous statements indicate that they both share a skepticism for crypto price speculation and believe in the prioritization of utility within the crypto space. 

As reported by The Crypto Basic, Hoskinson had previously stated that the price of crypto assets does not reflect the strength and growth of Cardano and other crypto projects, noting that with the community’s help, Cardano would change the world. On the other hand, Markus has often called on the Dogecoin community to remain absurd, focus on utility, and avoid getting caught up in an obsession with the price charts.

Unsurprisingly, the exchange between both parties on Sunday attracted a flurry of different responses from members of both communities. One user responded with the typical lightheartedness and silliness associated with the Dogecoin community, tipping Hoskinson 69.420 DOGE.

- Advertisement -
Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

- Advertisment -

Recent News & Articles

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.