23 January 2024
Dogecoin (DOGE) has recently received support from the crypto community and some negative comments from recognized crypto actors.
A discussion sparked on the X platform (Formerly known as Twitter) after Dogecoin’s Founder Billy Markus, also known as Shibetoshi Nakamoto, responded to a clip of the comments made by Ripple’s CEO Brad Garlinghouse about the memecoin.
Brad Garlinghouse “Doesn’t Get” Dogecoin
Last week, an X user uploaded a clip from the “Clear-Eyed About Crypto” panel at the World Economic Forum (WEF) meeting in Davos, Switzerland.
In the clip, the CEO explained that he believes “we will start seeing a clearer separation between useful and not-so-useful crypto assets.” While discussing the appeal of memecoins, Garlinghouse expressed that he “doesn’t get it,” referring to Dogecoin.
He added that, besides Elon Musk’s involvement with the memecoin, he doesn’t see the use case or the purpose of DOGE. The CEO stated:
And I think what we haven’t seen yet that I still think we will eventually see is a separation of wheat and chaff of when are the assets… how are these technologies being used to solve real problems that have real demand versus ones, you know, I’ll pick on dogecoin: I don’t get it. Other than Elon Musk as the central actor, I don’t see the use case and the purpose.
The Dogecoin founder challenged Ripple’s CEO comment, stating on the X platform that “dogecoin is essentially the same thing as Bitcoin with mildly different parameters and a dog mascot,” adding that comments such as Garlinghouse’s come from “just little brains pretending to be smart.”
An Intense Discussion Between Users And The DOGE Founder
Markus’ response sparked positive and negative answers from the online crypto community. One user harshly told the Dogecoin founder to “stop deceiving” himself and questioned his statement that Bitcoin and Dogecoin are the same by asking, “Why then do the Bitcoin worth so much more than the dogecoin?” Markus quickly dismissed it by labeling the question “such a low iq take.”
Regarding the Ripple CEO, another user claimed that Garlinghouse “doesn’t understand the world application” of memecoins, to which Markus replied, “he’s a crypto bro arguing that some cryptos (that he has a bag of) are better than other cryptos like every other boring low iq dillweed in this space.”
Lastly, when asked about his assessment of XRP, the Dogecoin founder refused to answer, simply stating, “i don’t care cuz i don’t have any.”
Dogecoin’s price has seen a 3.3% uprise in the last 7 days, according to data from CoinGecko. This could be linked to the discourse around Dogecoin’s possible integration as a payment method into the X platform, amplifying the community’s interest and optimism.
During the weekend, the cryptocurrency’s price stayed in the $0.08 price region and is trading at $0.08361 at writing time, reflecting a 3.2% decline in the last 24 hours.