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Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s R&D, seems to believe that Tesla and SpaceX CEO Elon Musk is going to bring Dogecoin ($DOGE) to micro blogging platform Twitter, which he purchased last week for $44 billion.
Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. It is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge”, a Shiba Inu (a Japanese breed of dog). Since then, its popularity has substantially increased, especially in the past couple of years, mostly thanks to support by billionaires Elon Musk (the CEO of Tesla and SpaceX) and Mark Cuban. In fact, in 2019, Musk said that $DOGE might be his favorite cryptocurrency.
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
Anyway, on 27 October 2022, Dogecoin fan Elon Musk completed his purchase of Twitter:
Elon Musk is now in charge at Twitter. I'm told former CEO @paraga and CFO @nedsegal have left the company's HQ and will not be returning as the Musk era begins.
— David Faber (@davidfaber) October 28, 2022
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Naturally, the Dogecoin community is super excited right now because it is expecting that Musk will find various way to incorporate $DOGE into Twitter For example, back in April 2020 he suggested that Twitter might want to consider allowing users to pay for the Twitter Blue subscription with $DOGE:
Maybe even an option to pay in Doge?
— Elon Musk (@elonmusk) April 10, 2022
Anyway, on 28 October 2022, the IOG CEO said that he could see Musk somehow merging Twitter with Dogecoin:
Now that Twitter is in the hands of @elonmusk I can see a real possibility that doge will somehow merge with the platform.
— Charles Hoskinson (@IOHK_Charles) October 28, 2022
John it's like the person who decides they want to build a house in a certain place because they like the view. Nevermind the terrible soil, snake problem, loud road, unstable cliff nearby, flooding, and fire ants. But if you're crazy rich, then you can make it work
— Charles Hoskinson (@IOHK_Charles) October 31, 2022
On 29 October 2022, Hoskinson conducted a Twitter poll to see if the Cardano community was in favor of making a proposal to Twitter to build for them a Dogecoin sidechain of Cardano. With four days left, over 80% have voted “Yes”.
Should we pitch to Twitter a post-quantum ultrafast, and identity enabled doge sidechain of Cardano custom built for social networks? #QuantumDoge
— Charles Hoskinson (@IOHK_Charles) October 29, 2022
Image Credit
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