1 year ago
Moderators of the Dogecoin subreddit removed a station by Cardano laminitis Charles Hoskinson connected a connection to utilize some cryptocurrencies successful a decentralized Twitter.
Hoskinson said helium remains “optimistic astir a coagulated dialogue,” contempt the snub. He besides intends to “reach retired to a fewer people” to beforehand discussions of the proposal.
Dogecoin and Cardano for decentralized Twitter
Significant changes person been implemented pursuing Elon Musk’s takeover of Twitter connected October 28, including firing apical executives, committee dissolution, and a 50% simplification successful headcount.
Musk is considering the champion measurement guardant to recognize plans for a blockchain-based societal media platform. However, the latest quality connected the substance revealed that cryptocurrency integration is connected the back burner for now.
Following Binance’s $500 cardinal concern successful the Twitter takeover, Binance CEO Changpeng ‘CZ’ Zhao fielded questions successful a caller AMA astir the deal. He said the crypto assemblage needs to springiness Musk clip to find his bearings.
Although Dogecoin is wide expected to signifier portion of Musk’s plans, CZ said it would beryllium amended to incorporated much than 1 cryptocurrency.
Keen to spot Cardano successful the running, Hoskinson posted a video successful which helium shared his thoughts connected gathering a decentralized Twitter with Dogecoin and Cardano.
In the hour-long video, Hoskinson broke down however DOGE and ADA could beryllium utilized successful specified a capacity. For example, utilizing integer individuality mechanisms to region bots, and replacing the existing concern exemplary truthful that the advertisers’ power does not interaction the curation of tweets, i.e., prime accusation is prioritized implicit sponsored posts/ads.
Video to Elon: How to Build Decentralized Twitter Using Doge and Cardano for Profit and Pleasure https://t.co/g9p1MnSqPZ
— Charles Hoskinson (@IOHK_Charles) November 6, 2022
Hoskinson changes tune implicit DOGE
In effect to the proposal, Dogecoin co-founder Billy Markus posted a video from April 2021, arsenic DOGE was gathering to its $0.70 all-time high, successful which Hoskinson criticized marketplace manipulation by Musk and DOGE whales.
He said the unbelievable terms run-up is unsustainable and volition yet collapse, starring to symptom for retail investors and the likelihood that regulators volition beryllium forced to enactment with strict caller rules for the cryptocurrency industry.
“DOGE has ever been, for our industry, an wrong joke, a favored rock, a amusive mocking cryptocurrency, light-hearted thing. It conscionable ever seems to beryllium around, but it’s something, for the astir part, that we person ne'er taken seriously.”
Others gave akin responses, including comments astir Hoskinson pivoting “trying to thrust connected Doge’s wave.”
Justifying his pro-DOGE tune, Hoskinson said the task present has a usage lawsuit different than memes.
Dogecoin yet has a usage case. If elon decides to usage it for twitter, past determination are automatically 200 cardinal users and a usecase. That's a batch much existent than memes
— Charles Hoskinson (@IOHK_Charles) October 30, 2022
The station Hoskinson’s Twitter connection for Cardano-Dogecoin tie-in snubbed by Reddit mods appeared archetypal connected CryptoSlate.
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