The Dogecoin DOGE/USD neighborhood has taken inventory of Tesla Inc TSLA CEO Elon Musk selecting up over a 9% stake in Twitter Inc TWTR. The event has stirred expectations, calls for, and hypothesis among the many Shibes. Right here’s what’s on their radar.
See Additionally: How To Purchase Dogecoin (DOGE)
DOGE Suggestions: Tipping in DOGE is a long-standing demand of the neighborhood. In February, a petition was circulated to get Twitter to allow DOGE ideas, with the meme coin’s co-creator Billy Markus saying it was the “OG tipping cryptocurrency.” Twitter customers at present can ship ideas in Bitcoin BTC/USD and Ethereum ETH/USD, however can solely achieve this in DOGE by way of third-party bots.
With Musk — a well known DOGE advocate — on the Twitter board, the clamor is just rising.
BREAKING: Elon Musk has acquired a 9.2% stake in Twitter! $Doge tip is coming to Twitter quickly. Hold the enjoyable going!
We are able to use Twitter or @sodogetip on #TippingTuesday #JustTheTip #DoOnlyGoodEveryday and #payitforward
DNu8Cumpa14p5H3MNjE6viS8cRGsHof2Co— AcceptÐogecoins.Ðoge (@AcceptDogecoins) April 4, 2022
Elon Musk shopping for 9% of the Twitter Shares makes him the biggest Twitter shareholder as of now.
I can now foretell what is going on to occur subsequent few days or months.
– FREE SPEECH ADVOCACY
– TWEET EDIT BUTTON (with historical past)
– #DOGE TIP JAR INTEGRATION— Jelly Ace (@cryptQG37) April 5, 2022
Scammers Begone: Musk agreed with Markus earlier this yr that cryptocurrency rip-off exercise must be mounted on Twitter. On the time, the entrepreneur mentioned, “This has been damaged for a very long time.”
When Twitter rolled out non-fungible token profile photos, Musk mentioned the corporate ought to give attention to extra vital issues.
In 2021, $2 million in cryptocurrency was stolen by way of giveaway scams. Musk has been impersonated in a number of situations, the latest occasion occurring final month when one requested for DOGE and different cryptocurrencies.
As for spam, Markus lately mentioned a 1 DOGE charge for tagging somebody on Twitter might repair the difficulty. One other consumer got here up with an analogous method to take care of scammers and copycats.
Will @elonmusk use $10 value of doge coin as a twitter deposit to crush the scammers and replica cats? Not pay to play however deposit for collateral for social illustration of true self.
— KB (@KevinBr89329684) April 6, 2022
Doge Mascot In Hashtag: Twitter neighborhood needs a Dogecoin image hashtag on the platform, identical to there’s one for Bitcoin. Markus, responding to 1 such demand in February, joked “you gotta pay one million bucks a yr for it.”
you gotta pay one million bucks a yr for it
— Shibetoshi Nakamoto (@BillyM2k) February 9, 2022
Now that Musk can have his say on Twitter’s board, some need him to behave on this difficulty.
If @jack was in a position to get #Bitcoin a hashtag brand (with out paying for it), I ponder if @elonmusk will be capable to get #dogecoin a effectively overdue hashtag brand…
— Sir Doge of the Coin (@dogeofficialceo) April 4, 2022
Verified Profiles For Neighborhood: Essential Twitter handles associated to the Dogecoin neighborhood stay unverified. Dogecoin Basis (@DogecoinFdn), and Dogecoin Builders (@dogecoin_devs) are just a few examples.
DOGE-oriented deal with, Mishaboar, lately famous that tipping bots are utilizing Twitter in a means that was not meant. Whereas the platform started permitting verification for “good” bots in late 2021, there’s nonetheless no such readability if it will likely be prolonged for tipping bots.
In a means tipping bots are utilizing @Twitter in a means it’s not designed for use. Twitter began permitting verification for GOOD bots late in 2021, however I’m not positive that extends to tipping bots.
Perhaps @elonmusk is likely to be – that is already #Dogecoin tipping, in spite of everything.
— Mishaboar (@mishaboar) April 7, 2022
No Expectations At All: Markus this week advised Benzinga he didn’t have any expectations about Musk’s appointment to the Twitter board.
“No matter he [Musk] thinks is greatest typically, and any dogecoin stuff can be an surprising bonus however I’d not count on something,” Markus mentioned.
Twitter has already implied it won’t reinstate former U.S. President Donald Trump’s account. Whereas Twitter CEO Parag Agrawal has welcomed Musk, calling him a “passionate believer and intense critic” of the platform, the corporate has mentioned its coverage choices weren’t decided by board members or shareholders.
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Photograph collage created utilizing Freepik/Steve Jurvetson on Flickr