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The official Dogecoin account on the X platform has cited Elon Musk’s latest tweet, the place he talked about cash and the economic system normally. The DOGE crew has principally agreed with the world’s most influential Dogecoin lover and added a factor about memes.
DOGE crew reacts to Musk’s assertion
Elon Musk reposted a video excerpt from his interview the place he speaks about varied topics, together with cash and economic system. In that video, he referred to cash as “only a database for trade 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 reasonably have a can of soup.
Right this moment, he commented on that video excerpt and doubled down on his definition of cash, saying: “The true economic system is just not cash, it’s items & providers.”
Associated
The DOGE account supported Musk, including an expanded definition to the thought of cash, saying that it will also be thought of 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 characterize the views of U.Right this moment. The monetary and market data
offered on U.Right this moment is meant for informational functions solely. U.Right this moment is just not
answerable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct
your individual analysis by contacting monetary consultants earlier than making any funding
selections. We consider that each one content material is correct as of the date of publication,
however sure presents talked about could now not be out there.
