One of two Dogecoin creators has responded to X owner’s tweet about what’s coming to replace gold and other traditional valuables
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 liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Billy Markus, who created the original meme-inspired cryptocurrency Dogecoin in 2013 in collaboration with Jackson Palmer, has responded to a recent tweet by Elon Musk.Earlier today, centibillionaire and owner of X/Twitter app Elon Musk tweeted a meme about a knight who wishes to kill a dragon and take his gold. Meanwhile, the dragon tells the knight that he does not own any gold in the traditional sense of the word.
Instead, the dragon shows the knight that he guards a thresher that separates the wheat from the chaff without much manual labor necessary. The dragon points out the benefits of new technologies to the warrior and tells him that he also has an automated cotton loom. “The wealth of nations lies not in gold or coins but in their productive capacity,” the dragon says, adding that mining more gold than there is now would also make gold less valuable.
However, a few months later, Tesla backed out of taking Bitcoin payments out of environmental concerns. In April that year, when this Tesla Bitcoin reverse happened, BTC soared to its first all-time high that year, reaching $63,500. Musk announced that Tesla would resume accepting Bitcoin payments once miners replaced 50% of their energy to renewable resources. Tesla and SpaceX accept Dogecoin, though. AYuri is interested in technology and technical innovations.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Your unwanted gold jewelry can fetch a pretty penny as gold price soarsThe price of gold continues to hit new record highs. It's an opportunity to cash in by selling unwanted or broken gold jewelry.
Read more »
Review: We Tried Kernel, Chipotle Founder's New Robot-Run RestaurantSteve Ells is betting big on the idea that people want to eat less meat—and don't care that much about lunchtime human interaction.
Read more »
MXCC founder, New Afrikan pioneer Iyaluua Ferguson dies at 91The Malcolm X Commemoration Committee (MXCC) announced the passing of Iyaluua Ferguson on the morning of February 27.
Read more »
Microsoft co-founder’s space venture plans to create three new rockets, including a spaceplaneAerospace venture Stratolaunch announced plans to develop a whole suite of rockets that will be able to launch from underneath the wings of the company’s massive six-engine plane. Three entirely new rockets are planned, including a reusable spaceplane that would bring cargo — and, eventually, people — to and from orbit.
Read more »
From Trash To Treasure: New Method Turns Electronic Waste Into GoldScience, Space and Technology News 2024
Read more »
Family offices have tripled since 2019, creating a new gold rush on Wall StreetExperts say family offices now manage $6 trillion or more, and their ranks are growing.
Read more »