What does Twitter rebrand to X mean for DOGE ?!
Will DOGE be added to X ?
Elon has been very public about his like of DOGE. He almost couldnt have been more vocal about his thoughts on currencies. He has even gone on places like SNL to get across his opinion. Almost like forward guidance. DOGE can offer a lot of positives for X and Elon.
What can DOGE do for Elon ?
Digital platforms want to create or have significant influence over a token//coin//currency of their choice. This allows them to cut out middle men and gain benefits of such things as king making custodians. erand sellers can interact on these platforms and incentives can maximize that. With Elon already taking a position in DOGE and DOGE already being a previously existing financial product.. it can offer serious upside for Elon. Unlike Libra//Diem.. DOGE does not come with as many costs. Almost outsourced by acquiring a stake in a preexisting brand. Yet still offers the benefits of a payment product within a wall garden.
Is this the next trend ?
Elon has set off basic trends before like with the layoffs during rate rises. I believe that the incentive model is there for corporations to want to pivot to financial marketplaces. Or be a closer part of a network that is. Almost to the extent that a Digital USD is a layer 0 for markets to compete to build their own layer 1s. Or of course choose someone else's layer 1. I think this leads to a McDollar as the cost and settling for recurring customers demands digital currency optimisation demanding in place(s) of customer purchasing. This does mean centralising of banking sector and the banking sector pie shrinking as middle men are reduced to with a more int. scale.. but the deflationary impact has benefits for the customers too.
When ?
Not overnight. There is time for many to stumble and fall like Zuckerberg has. The DOGE positioning does offer somewhat of a head start but this hypothetical transitioning will take time before seeming to flip. We do have a strong narrative building for DOGE as we come into bitcoin halving and US elections. Large institutions do seem like they want to make crypto common place and their is social political demands for relief if wanting to dilute descent from norm.
Elon has been very public about his like of DOGE. He almost couldnt have been more vocal about his thoughts on currencies. He has even gone on places like SNL to get across his opinion. Almost like forward guidance. DOGE can offer a lot of positives for X and Elon.
What can DOGE do for Elon ?
Digital platforms want to create or have significant influence over a token//coin//currency of their choice. This allows them to cut out middle men and gain benefits of such things as king making custodians. erand sellers can interact on these platforms and incentives can maximize that. With Elon already taking a position in DOGE and DOGE already being a previously existing financial product.. it can offer serious upside for Elon. Unlike Libra//Diem.. DOGE does not come with as many costs. Almost outsourced by acquiring a stake in a preexisting brand. Yet still offers the benefits of a payment product within a wall garden.
Is this the next trend ?
Elon has set off basic trends before like with the layoffs during rate rises. I believe that the incentive model is there for corporations to want to pivot to financial marketplaces. Or be a closer part of a network that is. Almost to the extent that a Digital USD is a layer 0 for markets to compete to build their own layer 1s. Or of course choose someone else's layer 1. I think this leads to a McDollar as the cost and settling for recurring customers demands digital currency optimisation demanding in place(s) of customer purchasing. This does mean centralising of banking sector and the banking sector pie shrinking as middle men are reduced to with a more int. scale.. but the deflationary impact has benefits for the customers too.
When ?
Not overnight. There is time for many to stumble and fall like Zuckerberg has. The DOGE positioning does offer somewhat of a head start but this hypothetical transitioning will take time before seeming to flip. We do have a strong narrative building for DOGE as we come into bitcoin halving and US elections. Large institutions do seem like they want to make crypto common place and their is social political demands for relief if wanting to dilute descent from norm.
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