Robinhood’s CEO, Elon Musk, and DOGE Co-Founder Billy Markus Discuss Improving Dogecoin

On Thursday, pursuing Robinhood’s listing of shiba inu, the co-founder and CEO of Robinhood, Vladimir Tenev, spoke astir dogecoin being the aboriginal currency of the net connected Twitter. Tenev’s Twitter thread got a batch of comments and besides received responses from the co-founder of the meme-based crypto, Billy Markus, and Tesla’s Elon Musk.

Robinhood CEO Discusses How Dogecoin ‘Can Be the Future Currency of the Internet and the People’

Elon Musk’s favourite crypto plus dogecoin (DOGE) got immoderate attraction connected Thursday aft the Bulgarian-American entrepreneur and Robinhood CEO, Vladimir Tenev, started a thread connected the meme-token subject. The taxable started arsenic Twitter was ablaze with commentary concerning Elon Musk’s unsolicited bid to acquisition the societal media platform. It besides follows Robinhood’s caller shiba inu (SHIB) listing and the institution adding DOGE.

“Can Doge genuinely beryllium the aboriginal currency of the Internet and the people?” Tenev tweeted connected Thursday. “As we added the quality to send/receive DOGE connected Robinhood, I’ve been reasoning astir what that would take. First off, transaction fees person to beryllium vanishingly small. We’re already there. As of past Nov’s 1.14.5 update, emblematic transaction fees person been ~$0.003 – which you tin acquisition connected [Robinhood App] – compared to the 1-3% web fees that large paper networks charge,” Tenev added.

The Robinhood CEO further said that the artifact clip should beryllium accelerated capable to beryllium recorded into the concatenation successful little clip than a point-of-sale (POS) transaction. “But it shouldn’t beryllium truthful accelerated that miners commencement gathering up excessively galore competing chains and discarded excessive amounts of vigor establishing consensus,” Tenev opined. The Robinhood enforcement continued:

Doge’s existent artifact clip is 1 minute. This is simply a spot connected the agelong broadside for payments – a 10 2nd artifact clip would beryllium much due arsenic it would beryllium little than the emblematic clip spent completing a debit paper transaction.

Elon Musk: ‘Block Size and Time Should Keep Pace With the Rest of the Internet’

Following Tenev’s Twitter statements, Musk responded aft a precise progressive time connected Twitter for the Tesla executive. “6 seconds, amended said arsenic 6000 milliseconds, which is simply a agelong clip to computers, is astir right,” Musk replied to the Robinhood CEO. Making the speech a spot much interesting, Dogecoin co-founder and bundle technologist Billy Markus added his 2 cents to the treatment with Tenev and Musk.

Markus detailed that 8 years ago, helium chose 1 infinitesimal blocks due to the fact that “someone connected bitcointalk said 45 seconds connected a antithetic concatenation was causing tons of issues, and 60 seconds was the fastest without having excessively galore issues.” Markus past said:

The faster portion inactive secure, the amended IMO — I would conjecture the infrastructure of the web has improved capable successful 8 years to experimentation with speeding it up.

Tenev’s Twitter statements travel the caller listing of shiba inu connected Robinhood and the CEO has been tweeting astir that meme-based crypto plus arsenic well. Musk has been conversing astir Dogecoin web improvements for rather immoderate clip present (usually connected Twitter), and has concisely mentioned a few times past year that the web should standard to the masses. In Tenev’s thread, Musk added a effect to Markus’ “faster portion inactive secure, the better” sentiment and said: “Exactly, artifact size & clip should support gait with the remainder of the Internet.”

Tenev’s Twitter statements besides touched connected Dogecoin’s proviso mechanics erstwhile helium explained that DOGE is “inflationary and the proviso is infinite, arsenic opposed to Bitcoin’s finite proviso of 21M coins.” The Robinhood CEO said:

~5B caller Doge are created each year, and the existent proviso is astir 132B. This results successful a existent ostentation complaint of

Since Musk started talking astir scaling the Dogecoin web past year, the Dogecoin Core improvement Github repo has seen a batch much enactment during the past 12 months. In fact, 1000x.group statistics amusement that betwixt August 2017 and January 2021, Dogecoin web improvement was stagnant. Active Dogecoin Core web developers successful caller times see the programmers Patrick Lodder and Ross Nicoll.

What bash you deliberation astir the speech connected Twitter with Vladimir Tenev, Billy Markus, and Elon Musk? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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