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Are they really going to launch Dogecoin? Musk: Optimizing block time and block size will surpass Bitcoin

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Are they really going to launch Dogecoin? Musk: Optimizing block time and block size will surpass Bitcoin

Elon Musk expressed his views on Bitcoin and Dogecoin on Twitter, stating that Dogecoin would easily surpass Bitcoin with optimizations in block time, block size, and transaction fees. Musk even mentioned that he would only develop his own cryptocurrency to meet all his needs if Dogecoin fails to do so, but that would be quite troublesome.

Outshining Bitcoin

A tweet from the Dogecoin enthusiast Twitter account @itsALLrisky tagged Musk, stating:

Musk chose Dogecoin because it excels in many fundamentals compared to Bitcoin, with faster transaction speeds, lower fees, less environmental impact, and a higher supply allowing the general public to afford it.

Musk replied:

In theory, Dogecoin could increase block time and block size by ten times, and reduce transaction fees by 100 times, easily surpassing.

Musk Developing His Own Cryptocurrency?

A user named "Long Elon" asked why Musk doesn't develop his own cryptocurrency from scratch to meet all his needs and have a large developer community. Musk responded:

Only if Dogecoin can't deliver, would I start developing a cryptocurrency that meets all my needs, but that would be quite a hassle.

Early Contact with Dogecoin Development Team

Recently, Dogecoin developer Ross Nicoll revealed that since 2019, Musk has provided a lot of advice, shared his extensive network resources, and continuously encouraged them to increase Dogecoin's transaction throughput. However, the development team politely declined his offer of funding.

An interesting point is that Musk often interacts with the Dogecoin enthusiast Twitter account @itsALLrisky. In a previous tweet, @itsALLrisky stated:

I feel like Dogecoin is like a stimulus check issued by Musk for the people...

Musk also responded: "I feel the same way."

So far, Musk's inconsistent attitude towards Bitcoin has puzzled the crypto community, even causing dissatisfaction among extreme Bitcoin enthusiasts. However, for Dogecoin enthusiasts and investors, they are still eagerly anticipating this meme-style cryptocurrency.