Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
The official X account of the team behind the icon Cryptocurrency meme, DogecoinDogecoin, which was created and launched by software engineers Billy Marcus and Jackson Palmer in 2013, posted a tweet comparing Dogecoin to Bitcoin — not in favor of the latter.
The post was inspired by the recent news that the 10,000 Bitcoin spent by Laszlo Hanec, who bought pizza with Bitcoin in 2010, would have now turned into $1 billion.
The post emphasized Dogecoin's payment utility which, they believe, surpasses that of the world's largest cryptocurrency, Bitcoin.
“DOGE will never cost you $1 billion”
Dogecoin's X post clearly references a 14-year-old pizza purchase made with Bitcoin — the first milestone BTC has reached as actual digital money. In 2010, Laszlo Hanyecz spent $10,000 on two Papa John's pizzas, which were delivered to his door by a random person from a Bitcoin forum.
However, now, these 10,000 Bitcoins - if they had not been spent on pizza - would have cost $1 billion and would probably still have belonged to Hanyecz.
The Dogecoin post says that one can also buy a pizza with DOGE without having to worry that the meme coins one spent will one day rise to $1 billion in fiat currency. They stressed that Dogecoin, perhaps unlike Bitcoin, is “a currency designed for everyday transactions, not fairy tales for adults.” X's post stressed that Dogecoin exists for "regular people."
Related to
The Doge meme reaches the US Senate
As reported by U.Today, earlier this week, Dogecoin co-founder Billy Marcus, an active user of X and other social media platforms, commented on the recent appearance of a painting containing the popular Doge meme at a US Senate hearing.
That painting was used during a speech by Senator Joni Ernst (IA) of the Republican Party. She spoke of the harsh necessity of aggressive government spending cuts and praised DOGE - the Department of Government Efficiency led by billionaire entrepreneurs Elon Musk and Vivek Ramaswamy.
“The doge is inevitable,” the senator declared during her speech. On canvas, DOGE trumps Washington, D.C., urging other politicians to join and support DOGE.
Billy Marcus commented that he was very amused to see "that doge in the Senate."
Source link