Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s R&D, seems to believe that Tesla and SpaceX CEO Elon Musk is going to bring Dogecoin ($DOGE) to micro blogging platform Twitter, which he purchased last week for $44 billion.
Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. It is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge”, a Shiba Inu (a Japanese breed of dog). Since then, its popularity has substantially increased, especially in the past couple of years, mostly thanks to support by billionaires Elon Musk (the CEO of Tesla and SpaceX) and Mark Cuban. In fact, in 2019, Musk said that $DOGE might be his favorite cryptocurrency.
Anyway, on 27 October 2022, Dogecoin fan Elon Musk completed his purchase of Twitter:
Naturally, the Dogecoin community is super excited right now because it is expecting that Musk will find various way to incorporate $DOGE into Twitter For example, back in April 2020 he suggested that Twitter might want to consider allowing users to pay for the Twitter Blue subscription with $DOGE:
Anyway, on 28 October 2022, the IOG CEO said that he could see Musk somehow merging Twitter with Dogecoin:
On 29 October 2022, Hoskinson conducted a Twitter poll to see if the Cardano community was in favor of making a proposal to Twitter to build for them a Dogecoin sidechain of Cardano. With four days left, over 80% have voted “Yes”.
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