{"id":13552,"date":"2021-10-24T23:54:15","date_gmt":"2021-10-24T23:54:15","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/elon-musk-discusses-important-dogecoin-improvements-confirms-no-investment-in-shiba-inu\/"},"modified":"2021-10-24T23:54:15","modified_gmt":"2021-10-24T23:54:15","slug":"elon-musk-discusses-important-dogecoin-improvements-confirms-no-investment-in-shiba-inu","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/elon-musk-discusses-important-dogecoin-improvements-confirms-no-investment-in-shiba-inu\/","title":{"rendered":"Elon Musk Discusses Important Dogecoin Improvements, Confirms No Investment in Shiba Inu"},"content":{"rendered":"

Tesla CEO Elon Musk has shared what he believes to be the most important dogecoin improvements. He also clarified that he does not have anything to do with the Dogecoin Foundation and is not investing in the shiba inu (SHIB) token. Musk confirmed that he is only holding three cryptocurrencies.<\/strong><\/p>\n

Elon Musk on Dogecoin Improvements, Shiba Inu Token<\/h2>\n

Tesla and Spacex CEO Elon Musk made several tweets about cryptocurrency, bitcoin, dogecoin, and the shiba inu token Sunday.<\/p>\n

Regarding Dogecoin\u2019s improvements, he was asked whether he had any recent interactions with the Doge development team. While admitting that he had not interacted with them lately, Musk shared:<\/p>\n

What matters imo is lowering fees, decreasing block time & increasing block size. A single layer network with exchanges as de facto layer 2 seems like the simplest solution for a medium of exchange.<\/p>\n

Dogecoin co-creator Billy Markus chimed in and responded to Musk\u2019s Doge improvement tweet. He stressed that in his opinion, \u201cdogecoin being fast, scalable, and inexpensive to send around is all it needs to be,\u201d adding that \u201cit doesn\u2019t need to be yet another blockchain that hosts NFTs or other tokens or whatever.\u201d Musk replied with a \u201chundred points\u201d symbol.<\/p>\n<\/p>\n

Furthermore, Musk responded to another Doge supporter who asked: \u201cDo you think if Dogecoin accomplishes the goals you put forth here then it could be more practical and efficient than something like the Lightning Network as a medium of exchange?\u201d<\/p>\n

The Tesla executive answered: \u201cPossibly. Bitcoin was conceived at a time of relatively low bandwidth & high latency. If both continue to improve substantially, we will reach a point when no second layer is needed.\u201d<\/p>\n

In August, Musk agreed with the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, that \u201cThe community for doge is the strongest<\/a> when it comes to using it as a medium of exchange.\u201d<\/p>\n

Musk also clarified Sunday that he does not have anything to do with the Dogecoin Foundation in response to a comment on Twitter stating: \u201cJared Birchall represents Elon Musk, but as all advisors he has no direct voting rights. This guarantees the foundation stays independent while taking advantage of the expertise of shibes like Elon.\u201d The Spacex CEO wrote:<\/p>\n

Neither Jared, nor me, nor anyone I know has anything to do with this foundation.<\/p>\n

The Dogecoin Foundation relaunched<\/a> in August. Its website lists Jared Birchall as one of its four board advisors, describing him as a \u201clegal & financial advisor\u201d to Musk. Other board advisors include Markus and Ethereum\u2019s Vitalik Buterin.<\/p>\n

Musk was asked how much shiba inu (SHIB) he is holding. The Tesla technoking<\/a> simply replied, \u201cNone.\u201d<\/p>\n<\/p>\n

Besides SHIB, Musk was asked whether he had holdings in several other cryptocurrencies, including FLOKI<\/a>, the token named after his shiba inu puppy.<\/p>\n

Instead of responding about each coin, Musk confirmed that he only owned<\/a> bitcoin, ether, and dogecoin. \u201cOut of curiosity, I acquired some ASCII hash strings called \u2018Bitcoin, Ethereum & Doge.\u2019 That\u2019s it,\u201d he affirmed. \u201cAs I\u2019ve said before, don\u2019t bet the farm on crypto. True value is building products & providing services to your fellow human beings, not money in any form.\u201d<\/p>\n

Musk previously said that his companies, Spacex<\/a> and Tesla, only owned bitcoin. The electric car company released its Q3 earnings report this week showing $1.26 billion<\/a> in BTC<\/a>.<\/p>\n

What do you think about Elon Musk\u2019s tweets? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, Elon Musk, elon musk doge, elon musk dogecoin, elon musk dogecoin foundation, Elon Musk Floki, elon musk shib, elon musk shiba inu, Tesla, Tesla CEO<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla CEO Elon Musk has shared what he believes to be the most important dogecoin improvements. He also clarified that he does not have anything to do with the Dogecoin Foundation and is not investing in the shiba inu (SHIB) token. Musk confirmed that he is only holding three cryptocurrencies. Elon Musk on Dogecoin Improvements,…<\/p>\n","protected":false},"author":0,"featured_media":13553,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13552"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13552"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13553"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}