How Elon Musk Has Found A Solution In Dogecoin

How Elon Musk Has Found A Solution In Dogecoin
Elon Musk, the mind behind Tesla and one of cryptos more outspoken celebrities. We know he’s well into cryptocurrency and as a result of this, Twitter scammers are finding it especially easy to rip off Musk’s Twitter account to run free Ethereum giveaways that in turn are actually scams designed to drain victims of their Ethereum, all under the guide of ‘Musk’.Of course, Musk is getting a little tired of this. Twitter haven’t been able to stop these scammers and as a result, Musk has sought help elsewhere. In a recent tweet, Musk has turned to the creator of Dogecoin, Jackson Palmer for further assistance, assistance the Palmer seems to have been more than happy to give.Musk approached Palmer, who in turn has been able to send over a script for Musk to run, though as it stands, we can’t really work out if this will have really helped? The script can’t stop Twitter scambots, otherwise Twitter would have implemented this a long time ago, instead, we can only guess that the script will simply block Musk from being able to see these scam accounts. The problem for the rest of the community hasn’t been solved, but I guess at least Musk will be less inconvenienced by the scammers now after Palmers help. Why Dogecoin?It’s interesting that Musk has approached Palmer in this instance. Let’s face it, Musk will be in contact with a lot of talented developers, many of whom are no doubt his friends. I find it hard to believe that Palmer is a last resort. Therefore, does Musk have an ulterior motive? Is Musk about to launch Muskcoin, under the same meme-like guise of Dogecoin? Probably not, but it’s interesting to think about right?According to BTCManager, we might not be too far off Musk’s true motivations:
“After supporting the Jamaican team to the winter Olympic Games, supporting several water projects in East Africa and sponsoring John Wise, a NASCAR driver, the coin was largely dormant. However, after the announcement of the Dogethereum Bridge in August 2018, the coin has seen an increasing interest with its price surging by a whopping 150% between 29th August and September 1st moving from $0.003 to $0.007. The renewed interest in Dogecoin, which many still see as a meme currency, might be what lead Musk to the coin’s creator. Although Palmer is no longer actively working on this altcoin, he still remains a prominent figure in the cryptocurrency world.”
Is Musk about to launch is own Memecoin?I sort of hope so, it would be interesting to watch and I bet Musk would market it very well. However, it does seem very unlikely. We expect that actually, Musks interaction with Palmer has just been established to generate a bit of media attention, it seems we too have fallen for their trap!References BTCManager Investment Disclaimer
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