Robinhood CEO Writes Article Advocating for Dogecoin Expansion, ChainNews Founder: Thought it was a post from 2016-2017

Robinhood CEO Vladimir Tenev passionately shared his thoughts on expanding Dogecoin on Twitter, suggesting that by increasing the block size to 1GB or even 10GB, it could become a global currency without the need for Layer 2 solutions, stating that the corresponding high-spec hardware requirements are just a reasonable trade-off.

Robinhood CEO Vladimir Tenev passionately shared his thoughts on expanding Dogecoin on Twitter, suggesting that by increasing the block size to 1GB or even 10GB, it could become a global currency without the need for Layer 2 solutions. He believes that the corresponding high-spec hardware requirements are just a reasonable trade-off.

However, this idea seems to overlook the history and choices made by Bitcoin and Ethereum. Many netizens advised Tenev to try to understand the technology and decentralization. They referenced a video from 2013 by Adam Back, CEO of Bitcoin technology company Blockstream, who warned that attempting to "improve" Bitcoin in one way could make it worse in other aspects.

A similar sentiment was echoed in a April Fool's post by Ethereum founder Vitalik, who emphasized that Bitcoin's simplicity is crucial for maintaining its security.

Another Bitcoin technology company, Stacks, also responded, pointing out that attempts to improve Bitcoin through hard forks have historically failed. Increasing block size compromises decentralization and makes network collaboration more difficult. This is why the focus has shifted to Layer 2 solutions, after years of trial and error.

Liu Feng, founder of ChainNews, bluntly commented, "Oh my god. I thought this was a post from 2016-2017." Netizens joked that they thought they had stumbled upon a time-travel drama.