Brad Garlinghouse “Doesn’t Get” Dogecoin
Last week, during a panel at the World Economic Forum, Ripple’s CEO Brad Garlinghouse expressed his confusion about Dogecoin and stated that he doesn’t see its use case or purpose. He mentioned that aside from Elon Musk’s involvement, he doesn’t understand the appeal of memecoins like Dogecoin and questioned their value in solving real problems. In response, Dogecoin’s founder, Billy Markus, challenged Garlinghouse’s comments on social media. Markus argued that Dogecoin is similar to Bitcoin with minor differences and criticized those who fail to recognize its potential.
An Intense Discussion Between Users And The DOGE Founder
Markus’ response led to a heated debate among crypto enthusiasts. Some users disagreed with Markus and questioned the value of Dogecoin compared to Bitcoin. Others defended Markus and criticized Garlinghouse for not understanding the practical applications of memecoins. Markus dismissed these criticisms as coming from individuals with limited knowledge about the crypto space. When asked about his thoughts on XRP, Markus simply stated that he didn’t care because he didn’t own any.
Dogecoin’s Price Movement
Despite the ongoing discussion, Dogecoin’s price has seen a 3.3% increase in the past week. This rise may be attributed to the speculation surrounding its potential integration as a payment method on an unnamed platform (formerly known as Twitter). Currently, Dogecoin is trading at $0.08361, reflecting a 3.2% decline in the last 24 hours.
Hot Take: The Divide Over Dogecoin
Dogecoin continues to be a topic of debate within the crypto community. While some recognize its potential and value, others, like Brad Garlinghouse, remain skeptical. The contrasting opinions highlight the ongoing discussion about the purpose and use case of memecoins. As Dogecoin’s popularity and price continue to fluctuate, it remains to be seen how this debate will unfold.