Elon Musk is in a standoff with Twitter amidst the belief that he can terminate the merger agreement deal due to a material breach. Is he trying to back out of his $44 Billion deal?! He has been complaining about spam accounts and bots on the platform for quite a while, addressing it the “single most annoying problem,” and is asking that Twitter prove that less than 5% of the accounts are fake; he believes that more than 20% are imposters. If the takeover comes to fruition, he vows to clear up the issue as a top priority stating, “If our Twitter bid succeeds, we will defeat the spam bots or die trying!”.
Since Twitter accepted the offer from Musk, the Tesla and Spacex CEO has been deliberating how to solve the spam problem on the platform and has a few ideas on how to merge Web3 technology into Twitter. Mark Cuban and Elon Musk both agree that the meme cryptocurrency dogecoin could be the answer! Bitcoin.com explains that Cuban suggested in a tweet “that everyone puts up one dogecoin (DOGE) for unlimited posts on Twitter. If anyone flags a post as spam and a human confirms that it is, that person gets the spammer’s DOGE. He further explained that spammers have to post 100 times more dogecoin. However, if the post is not spam, the flagger loses his dogecoin.” Both have stood behind dogecoin and promoted it as the strongest cryptocurrency for payments. Cuban, owner of the Dallas Mavericks, even allows fans to purchase merchandise with dogecoin.
In a recent interview, Musk voiced:
"If I had a Dogecoin for every crypto scam I see, I'd have 100 billion Dogecoins."
If the wealthiest man in the world is an avid supporter of dogecoin, it may be worth an investment! Every owner of dogecoin should keep it secure in a hardware wallet.
Which hardware wallets support dogecoin (DOGE)?
The best hardware wallets that support dogecoin are:
- Ledger Nano X Hardware Wallet - This hardware wallet supports 100 different coins so it is a very secure wallet for anyone who owns multiple types of cryptocurrency.
- KeepKey Hardware Wallet - This hardware wallet is widely praised as the wallet with superior design and construction, KeepKey’s large screen, large aluminum body, and cool digital animations make transactions fun and easy.
- D’Cent Biometric Hardware Wallet - This wallet is the world’s first wallet hardware wallet with biometric security measures in the form of a biometric fingerprint scanner. It is also one of the largest hardware wallets so it is perfect for anyone who wants a hardware wallet that is easy to see and use.
- Trezor Model T - This hardware wallet has a beautiful color LCD touchscreen and key features such as no coin limit, stores multiple types of cryptocurrency, magnetic dock, and a tamper evident holographic seal.
We will definitely be keeping up with the news in the coming weeks to see if the Musk and Twitter merger is a success. In the meantime, we’re going to dive deeper into dogecoin to see if Elon Musk and Mark Cuban might be onto something!