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Elon Musk promotes Doge as alternative to Bitcoin



The claim of 'a greener bitcoin' is non-sunbstantiated, and the underlying concept is copy-pasted from Litecoin



14.May.21 8:14 AM
By Abigail Richards
Photo youtube.com

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Elon Musk promotes Doge as alternative to Bitcoin
Doge coin shot up last night after a tweet from Elon Musk. Musk said on Twitter that he still strongly believes in crypto, but not when 'mining' and paying with the currency requires a lot of fossil fuel as energy.

He added to work with the developers of dogecoin to make the currency's transaction system more efficient. "Potentially promising," says Musk.

A day earlier, tweets from Musk about the polluting nature of Bitcoin caused a huge drop in the price of these, as well as other cryptocurrencies.

Dogecoin wins 16.4 percent at $ 0.5113 this morning. Bitcoin dropped another 2.5 percent to $ 49,205 according to CoinMarketCap data.



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