THELOGICALINDIAN - On Thursday afterward Robinhoods advertisement of shiba inu the cofounder and CEO of Robinhood Vladimir Tenev batten about dogecoin actuality the approaching bill of the internet on Twitter Tenevs Twitter cilia got a lot of comments and additionally accustomed responses from the cofounder of the memebased crypto Billy Markus and Teslas Elon Musk
Robinhood CEO Discusses How Dogecoin ‘Can Be the Future Currency of the Internet and the People’
Elon Musk’s admired crypto asset dogecoin (DOGE) got some absorption on Thursday afterwards the Bulgarian-American administrator and Robinhood CEO, Vladimir Tenev, started a cilia on the meme-token subject. The affair started as Twitter was afire with annotation apropos Elon Musk’s unsolicited bid to acquirement the amusing media platform. It additionally follows Robinhood’s contempo shiba inu (SHIB) listing and the aggregation abacus DOGE.
“Can Doge absolutely be the approaching bill of the Internet and the people?” Tenev tweeted on Thursday. “As we added the adeptness to send/receive DOGE on Robinhood, I’ve been cerebration about what that would take. First off, transaction fees accept to be vanishingly small. We’re already there. As of aftermost Nov’s 1.14.5 update, archetypal transaction fees accept been ~$0.003 – which you can acquaintance on [Robinhood App] – compared to the 1-3% arrangement fees that above agenda networks charge,” Tenev added.
The Robinhood CEO added said that the block time should be fast abundant to be recorded into the alternation in beneath time than a point-of-sale (POS) transaction. “But it shouldn’t be so fast that miners alpha architecture up too abounding aggressive chains and decay boundless amounts of activity establishing consensus,” Tenev opined. The Robinhood controlling continued:
Elon Musk: ‘Block Size and Time Should Keep Pace With the Rest of the Internet’
Following Tenev’s Twitter statements, Musk responded afterwards a actual alive day on Twitter for the Tesla executive. “6 seconds, bigger said as 6000 milliseconds, which is a continued time to computers, is about right,” Musk replied to the Robinhood CEO. Making the chat a bit added interesting, Dogecoin co-founder and software architect Billy Markus added his two cents to the altercation with Tenev and Musk.
Markus detailed that eight years ago, he chose one minute blocks because “someone on bitcointalk said 45 abnormal on a altered alternation was causing lots of issues, and 60 abnormal was the fastest after accepting too abounding issues.” Markus again said:
Tenev’s Twitter statements chase the contempo advertisement of shiba inu on Robinhood and the CEO has been tweeting about that meme-based crypto asset as well. Musk has been conversing about Dogecoin arrangement improvements for absolutely some time now (usually on Twitter), and has briefly mentioned a few times aftermost year that the arrangement should calibration to the masses. In Tenev’s thread, Musk added a acknowledgment to Markus’ “faster while still secure, the better” assessment and said: “Exactly, block admeasurement & time should accumulate clip with the blow of the Internet.”
Tenev’s Twitter statements additionally affected on Dogecoin’s accumulation mechanics back he explained that DOGE is “inflationary and the accumulation is infinite, as against to Bitcoin’s bound accumulation of 21M coins.” The Robinhood CEO said:
Since Musk started talking about ascent the Dogecoin arrangement aftermost year, the Dogecoin Core development Github repo has apparent a lot added activity during the aftermost 12 months. In fact, 1000x.group statistics appearance that amid August 2017 and January 2021, Dogecoin arrangement development was stagnant. Active Dogecoin Core arrangement developers in contempo times accommodate the programmers Patrick Lodder and Ross Nicoll.
What do you anticipate about the chat on Twitter with Vladimir Tenev, Billy Markus, and Elon Musk? Let us apperceive what you anticipate about this accountable in the comments area below.
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