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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Dogecoin Founder Fires Back At Ripple CEO: “DOGE Is Essentially The Same Thing As BTC”

Rubmar Garcia
Rubmar Garcia
1 year ago
3 mins read

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Dogecoin (DOGE) has recently received support from the crypto community and some negative comments from recognized crypto actors.

A discussion sparked on the X platform (Formerly known as Twitter) after Dogecoin’s Founder Billy Markus, also known as Shibetoshi Nakamoto, responded to a clip of the comments made by Ripple’s CEO Brad Garlinghouse about the memecoin.

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Brad Garlinghouse “Doesn’t Get” Dogecoin

Last week, an X user uploaded a clip from the “Clear-Eyed About Crypto” panel at the World Economic Forum (WEF) meeting in Davos, Switzerland.

In the clip, the CEO explained that he believes “we will start seeing a clearer separation between useful and not-so-useful crypto assets.” While discussing the appeal of memecoins, Garlinghouse expressed that he “doesn’t get it,” referring to Dogecoin.

He added that, besides Elon Musk’s involvement with the memecoin, he doesn’t see the use case or the purpose of DOGE. The CEO stated:

And I think what we haven’t seen yet that I still think we will eventually see is a separation of wheat and chaff of when are the assets… how are these technologies being used to solve real problems that have real demand versus ones, you know, I’ll pick on dogecoin: I don’t get it. Other than Elon Musk as the central actor, I don’t see the use case and the purpose.

The Dogecoin founder challenged Ripple’s CEO comment, stating on the X platform that “dogecoin is essentially the same thing as Bitcoin with mildly different parameters and a dog mascot,” adding that comments such as Garlinghouse’s come from “just little brains pretending to be smart.”

An Intense Discussion Between Users And The DOGE Founder

Markus’ response sparked positive and negative answers from the online crypto community. One user harshly told the Dogecoin founder to “stop deceiving” himself and questioned his statement that Bitcoin and Dogecoin are the same by asking, “Why then do the Bitcoin worth so much more than the dogecoin?” Markus quickly dismissed it by labeling the question “such a low iq take.”

Regarding the Ripple CEO, another user claimed that Garlinghouse “doesn’t understand the world application” of memecoins, to which Markus replied, “he’s a crypto bro arguing that some cryptos (that he has a bag of) are better than other cryptos like every other boring low iq dillweed in this space.”

Lastly, when asked about his assessment of XRP, the Dogecoin founder refused to answer, simply stating, “i don’t care cuz i don’t have any.”

Dogecoin’s price has seen a 3.3% uprise in the last 7 days, according to data from CoinGecko. This could be linked to the discourse around Dogecoin’s possible integration as a payment method into the X platform, amplifying the community’s interest and optimism.

During the weekend, the cryptocurrency’s price stayed in the $0.08 price region and is trading at $0.08361 at writing time,  reflecting a 3.2% decline in the last 24 hours.

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DOGE, DOGEUSDT, Doge price

DOGE is trading at $0.08361 on the hourly chart. Source: DOGEUSDT on Tradingview.com
Featured image from Unsplash.com, chart from TradingView.com
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Rubmar Garcia
Rubmar Garcia

Rubmar Garcia

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

Read more

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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