Dogecoin (DOGE) has recently been receiving both support in the crypto community and negative comments from some prominent crypto practitioners.
On the X platform (formerly known as Twitter), a discussion broke out where Dogecoin creator Billy Markus, aka “Shibetoshi Nakamoto,” responded to comments made by Ripple CEO Brad Garlinghouse regarding the dogecoin.
Brad Garlinghouse "doesn't understand" Dogecoin
Last week, during the “Sober Look at Crypto” panel discussion at the World Economic Forum (WEF) in Davos, Switzerland, a user named X uploaded a video clip showing the CEO of Ripple talking about Dogecoin.
In the video, the Ripple CEO expressed his belief that “we’re going to start seeing a clear distinction between useful and less useful crypto assets.” When discussing the appeal of Dogecoin, Garlinghouse expressed his “incomprehension” of Dogecoin, noting that he doesn’t see a use case or purpose for DOGE other than Elon Musk’s involvement with it.
Ripple CEO said:
“I think what we haven’t seen yet, and I still think we’ll eventually see, is how these assets are used to solve real problems where there’s real need, as opposed to something like Dogecoin, which is beyond me. I don’t see the use case and purpose other than Elon Musk being the central figure.”
The founder of Dogecoin questioned the comments of Ripple's CEO. He said on the X platform that "Dogecoin is basically the same as Bitcoin, but with slightly different parameters and a dog mascot", and said that such comments came from "little heads pretending to be smart."
Heated discussion between users and Dogecoin founder
Marcus’ response triggered both positive and negative responses from the online crypto community. One user sternly told the Dogecoin founder to “stop fooling yourself”, questioning his claim that Bitcoin and Dogecoin are the same, asking “Then why is Bitcoin worth so much more than Dogecoin?” Marcus quickly retorted, labeling the question “such a low IQ opinion.”
Regarding the Ripple CEO, another user claimed that Garlinghouse “doesn’t understand” the practical application of Dogecoin, to which Marcus responded: “He’s a crypto bro arguing that some cryptocurrencies (he holds) are better than others, like every other boring low IQ person in this space.”
Finally, when asked about his assessment of XRP, the Dogecoin founder declined to answer, simply stating “I don’t care because I don’t have any XRP.”
According to CoinGecko, the price of Dogecoin has increased by 3.3% in the past seven days. This may be related to the discussion around the possible integration of Dogecoin as a payment method on Platform X, which has aroused the interest and optimism of the community.
Over the weekend, the cryptocurrency’s price remained around $0.08, down more than 3.2% in the past 24 hours.
