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The official Dogecoin account on the X platform has cited Elon Musk’s current tweet, the place he talked about cash and the financial system usually. The DOGE staff has principally agreed with the world’s most influential Dogecoin lover and added a factor about memes.
DOGE staff reacts to Musk’s assertion
Elon Musk reposted a video excerpt from his interview the place he speaks about numerous topics, together with cash and financial system. In that video, he referred to cash as “only a database for change of products and providers.”
He acknowledged that “cash does not have energy in & of itself,” giving an instance that an individual stranded on a desert island would discover a billion U.S. {dollars} of their checking account nugatory there and would slightly have a can of soup.
At the moment, he commented on that video excerpt and doubled down on his definition of cash, saying: “The true financial system will not be cash, it’s items & providers.”
Associated
The DOGE account supported Musk, including an expanded definition to the concept of cash, saying that it may also be thought-about a meme — the premise of Dogecoin: “Cash is only a metaphor for worth that exists within the minds of those that put it to use. A meme if you’ll.”
Disclaimer: The opinions expressed by our writers are their
personal and don’t symbolize the views of U.At the moment. The monetary and market info
offered on U.At the moment is meant for informational functions solely. U.At the moment will not be
responsible for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct
your personal analysis by contacting monetary specialists earlier than making any funding
selections. We consider that each one content material is correct as of the date of publication,
however sure gives talked about could not be out there.