Elon Musk, CEO of Tesla, believes that too many Dogecoins are owned by too few whales, thus making them a huge offer. If they sell most of the coins, he will fully support and even pay them the actual money to destroy their coins in some provable way. Some people believe that major Dogecoin holders need to consider Musk’s proposal for the long-term health of the Meme cryptocurrency.
Elon Musk’s high offer to large Dogecoin holders
Elon Musk believes that the uneven concentration of Dogecoin in the hands of a small number of holders is the only real problem of the Meme cryptocurrency and has provided help in solving this problem.
CEO of Spacex Tweet Sunday: “If the major Dogecoin holders sell most of their coins, it will get my full support. Too much attention is imo’s only real problem… If they just invalidate their accounts, I Will be paid in actual U.S. dollars.” At the time of writing, his original tweet received 247,000 comments and was liked 297,900 times. His follow-up tweets received 6.4K comments and were liked 93.8K times.
Musk did not make it clear that he wanted to see Dogecoin whales completely lose their accounts, nor did he state the amount of dollars he was willing to pay them. The Tesla CEO may mean that he wants to see the holder of the largest Dogecoin address burn his coin and then send it to an address without a private key.
According to the Dogecoin rich list on bitinfocharts.com, one address accounts for 28.7% of all DOGE, and the top 12 addresses together contain nearly 50% of all Dogecoins.
A few hours after the initial offer, Musk was asked: “What is your acceptable result?” He replied: “~5%.” Musk commented that one address owns more than 28% of all Dogecoins .
A Twitter user Believe Considering the huge Bitcoin reserves of Satoshi Nakamoto, the creator of Bitcoin, a similar situation can happen with BTC. He claimed and said: “It is indeed the same as BTC. Although the exact number is unknown, it is estimated that Satoshi Nakamoto may have 1 million Bitcoins, equivalent to 100 million Satoshis.” Musk replied: “Acceptable percentage. The Governor is more concentrated. .”
Another twitter user Commented Said to Musk: “Although the price may not be reflected at the moment, Elon Musk’s ultimatum is very good for Dogecoin. This shows that his joke is not only a joke, but that he reasonably put Dogecoin The potential of the Internet is regarded as the dominant currency of the Internet. He hopes that DOGE will succeed. Destiny is ironic.”
Musk agreed, only answering: “Absolutely.” Tesla CEO also agreed with the follow-up actions of users statement Description:
The whale will have to consider Elon’s ultimatum here. If they comply with the regulations, Dogecoin will become Internet currency. If they do not do this, or “cheat” by distributing coins in multiple wallets, then it will lose Elon’s approval. Decide the whale easily. Do the right thing.
Third Twitter user suggested Said to Musk: “Develop a new eloncoin and provide it to existing non-primary Dogecoin holders to invalidate their wallets. You don’t need to pay $ to make those major Dogecoin holders Someone becomes richer than they are now, and allocate your time and support to make eloncoin the currency of the earth.” Musk replied: “Only when necessary.”
Musk has been posting tweets about Dogecoin for a long time, and with his tweets, the price of cryptocurrencies has skyrocketed. Earlier this month, he wrote on Twitter: “Dogecoin is people’s cryptocurrency.” He even revealed why he tweeted about DOGE on Twitter: “Sometimes, I make a joke about Dogecoin, but They are just joking. Dogecoin is joking to make fun of cryptocurrencies. Obviously.” But, he concluded: “But fate likes irony, and usually the most ironic or interesting results are the most likely. I think, the most interesting. And the irony result is that Dogecoin will become the future earth currency.”
The Tesla CEO also said last week that he bought some Dogecoin for his 9-month-old son. Musk wrote: “Bought some Dogecoin for Li X so he can be a toddler.”
What do you think of Elon Musk’s offer for Dogecoin Whale? Let us know in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Bitinfocharts.com
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