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Cryptocurrency News Articles

Dogecoin Official X Account Compares DOGE to Bitcoin, Emphasizes Its Payment Utility

Jan 10, 2025 at 11:22 pm

The official X account of the team behind the iconic meme cryptocurrency, Dogecoin, created and launched by software engineers Billy Markus and Jackson Palmer in 2013

Dogecoin Official X Account Compares DOGE to Bitcoin, Emphasizes Its Payment Utility

The official Twitter account of Dogecoin has taken a dig at Bitcoin following the recent news that the 10,000 BTC spent on pizza in 2010 would be worth $1 billion today.

In a post shared on X, the meme coin highlighted its payment utility, which it believes surpasses that of the world’s largest cryptocurrency.

"DOGE will never have cost you $1 billion USD," the post reads.

The X post is evidently inspired by the 14-year-old pizza purchase, which remains one of the first milestones reached by BTC as digital money.

Back in 2010, Laszlo Hanyecz spent 10,000 on two Papa John’s pizzas, which were delivered to his door by a random guy from a Bitcoin forum.

However, those 10,000 BTC — if they had not been spent on the pizzas — would be valued at $1 billion and might still be owned by Hanyecz.

When you buy a 🍕 with Dogecoin you never have to worry it will one day have cost you 1 billion dollars.

Spend with a currency designed for everyday transactions, not grownup's fairy-tales. 🧚‍♀️

Dogecoin, for regular people. pic.twitter.com/S6JGkPaQ4J

The post adds that one can also buy a pizza with DOGE without worrying that the meme coins spent will eventually surge to $1 billion in fiat.

They stressed that, perhaps unlike Bitcoin, Dogecoin is "a currency designed for everyday transactions, not grownup's fairy-tales." Dogecoin exists "for regular people," the X post noted.

Doge meme makes it to U.S. Senate

As reported by U.Today earlier this week, Dogecoin cofounder Billy Markus, who is an active user of X and other social media platforms, commented on the recent emergence of a canvas with a popular Doge meme in a U.S. Senate session.

The canvas was used during a speech by Senator Joni Ernst (IA) of the Republican Party. She spoke about the harsh necessity of cutting down extensive government spending and praising D.O.G.E — the Department of Government Efficiency spearheaded by billionaire entrepreneurs Elon Musk and Vivek Ramaswamy.

“Doge is inevitable,” the Senator proclaimed during her speech. On the canvas, Doge is overtaking Washington, D.C. She urged other politicians to join D.O.G.E. and support it.

Billy Markus commented on that, saying that he was very much amused to see "this doge meme IN THE SENATE.”

News source:u.today

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Other articles published on Jan 11, 2025