Dogecoin to be used for micropayments on Twitter?

[NicNacCoin]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

Elon Musk is a very mysterious person indeed. He slowly but became more popular. Currently, all of his thoughts are good news for cryptocurrencies as a whole.A few days ago we heard that Elon Max had bought the Twitter platform. And from that company currently offered Doge CoinCoin he will make micro payments.If it is successful, Doge will increase the price. But it is not sure whether it will reach within one dollar.

[Fatunad]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

Elon Musk is a very mysterious person indeed. He slowly but became more popular. Currently, all of his thoughts are good news for cryptocurrencies as a whole.A few days ago we heard that Elon Max had bought the Twitter platform. And from that company currently offered Doge CoinCoin he will make micro payments.If it is successful, Doge will increase the price. But it is not sure whether it will reach within one dollar.

Reaching $1 is impossible considering the overall supply of DOGE then this is something that is really too far off.Dont make yourself expectations to be that too distant so that you wont really be that
hoping or expecting that much.Elon is already popular and famous considering this man is one of the richest man globally which it is really just normal that he is really known.
He had been doing things which would really make out some good advertisement indirectly into his owned companies and now he's been involved with crypto and attaching out
his investment into it which do really creates even more buzz which i do see that its really a win-win situation for him.

[eaLiTy]

~
I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen?

Anyone with logic would think it is preposterous to even dream that the price of Dogecoin will rise to $1. But who knows it is magic money and with Elon Musk wants to raise some money after the Twitter purchase, i wont be surprised him doing some crazy shit to rally the price .

Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

They will add those in a short period of time, the developers never bothered to upgrade them when Musk started to Tweet about it and all of a sudden the transactions were getting stuck and the developers woke up and made the necessary updates within a week or so if i remember correctly, so they will do the necessary updates if Musk is to bring his magic again .

[Abiky]

This didn't surprise me.

Elon Musk bought Twitter of course with a purpose and it could this was his purpose in the first place.  He loves Dogecoin and he always wanted to pump up the price of this coin.  We know Dogecoin is good for micropayments and at least it has a real utility.

It is always good if Elon Musk set another payment option like using the Bitcoin lightning network alternatively to the Dogecoin.

Elon Musk is a huge "hodler" of Dogecoin, so making the move to integrate the cryptocurrency within the social media platform would be in his best interests to make as much money as possible from his holdings. Anything related to Elon Musk in a positive way would surely "pump" the "meme" coin's price all the way to the moon. I don't think Mr. Musk will adopt the Lightning Network since he has previously criticized Bitcoin's "high energy consumption". DOGE is more energy efficient than BTC, but it's not as good as ETH or any other PoS coin in this regard. The sky is the limit here, so let's wait and see what happens after the Twitter acquisition is completed. Just my opinion

[Humility4sure]

The issue of Elon musk and Twitter purchase are beginning to look like a child's play. Elon musk keeps changing his mind Tru and fro and they keep going to court and nothing seems to be happening or rather its taking too long. Even if the deal scales through, there's really no basis to see dogecoin making her way to twitter as a means of exchange.

The fact that Elon Musk, played a key role in the influence of dogecoin price does not necessarily mean that he has a long term goal of keeping up with the coin. It could be gimmicks designed to help him actualize his personal goal of maximum returns.

[wxa7115]

Why? Why Dogecoin? We all know Dogecoin is a meme coin that was built by forking Bitcoin.
So for me, this is impossible to happen (Only Dogecoin) Maybe in the future, there are lot of options buy major are the high market cap coins,
primary for sure will be Bitcoin (Lightning network also), Ethereum, and many more.

Sometimes certain standards are adopted based on the decision power of a single person, it is true that if it was up to the community such a thing will never happen, but if Elon actually buys Twitter and taking into account his preference for the coin then this seems like something which has a high likelihood of happening.

And if that is the case then dogecoin will get even more popular and I would expect hype to surround the coin again for a few months before it crashes.

[Luffygroove]

Dogecoin is useless until it evolves beyond its current role as a meme currency. Tokens and coins, as you mentioned, need to have high scalability if they are to be employed on a large scale. What happens if a meme coin is never optimized for its intended utility? chaos. Therefore, it is preferable for the developer to think about future work to make DogeCoin ready for that before DogeCoin might be used for any practical use case.

[len01]

after reading this thread i remember yesterday reading in another thread with the title "be careful investing in coins starred by celebrities".
maybe there is little in common and can think of Elon Musk like the richest celebrity in the world.
it could happen when Elon musk implements what he had planned and it is likely that the price of dogecoin will rise again like last year. but am i wrong if i think it will all be a temporary hype like last year? when a tweet on twitter popped up and everyone was chasing dogecoin and the price was pumped after that it was dumped again.
but we will never know what will happen in the year to come and what is certain is that if Elon musk were to do that, it would certainly be a short term hype again

[ethereumhunter]

Maybe the effect on Doge is that it can attract more people to buy Dogecoin, which can trigger its price to go up. But if there's no news about Dogecoin, maybe the price won't go up too high unless Elon pumps up the price of Dogecoin with news like before.

I don't really think about what effect this will have on Dogecoin as a micropayment but it will pave the way for Dogecoin to get more users to use it as a micropayment tool. Elon has his own plans for Dogecoin and we will see if that helps the price of Dogecoin go up or stays at its current price.

[Crypt0Gore]

That's Elon's plan all along, this will surely happen if Elon ends up with Twitter and again this will give other Doge shit coins more reason to pump and also more Doge name projects will show up, I hope this move doesn't back fire on Elon as time goes on.

[BobK71]

The most widely known social media nowadays is Twitter. And this Twitter has been discussed for quite some time. Will Elon Musk really buy it? I personally believe that if Elon Musk actually bought Twitter, he might have plans for Doge Coin. If he is used as a micro payment method. Then undoubtedly Doge Coin is not only $1 dollar that could be $5 to $10. If it can reach 71 cents without utilities, then this big adoption will definitely get high demand in the market.

[Anonymous100]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

If Elon Musk is ready to spend 44 billion dollars to pump up the price of Dogecoin, of course Dogecoin will be at number 4 Coinmarketcap. With a note the prices of other coins are not pumped at the same time.

Will Dogecoin reach $1?
Let's count:
That means the price of Dogecoin is $0.389894xxxxxx

[ryzaadit]

I don't think is his priority.

Most the time could be priority "Bitcoin" rather than "Dogecoin" however, IMO the tips procedure on "tweeter" can be using third service parties. Even before tweeter are gonna to install this feature.

We already can using by third parties.

[Abiky]

Dogecoin is useless until it evolves beyond its current role as a meme currency. Tokens and coins, as you mentioned, need to have high scalability if they are to be employed on a large scale. What happens if a meme coin is never optimized for its intended utility? chaos. Therefore, it is preferable for the developer to think about future work to make DogeCoin ready for that before DogeCoin might be used for any practical use case.

I guess with Elon Musk into Dogecoin, developers will start taking things seriously to make it scale towards millions of users worldwide. Either they take the on-chain scaling route, or shift themselves to Layer-2 (eg: Lightning Network). It would be surprising to see Mr. Musk donating a portion of his money into the Dogecoin Foundation just to help with the development of the project. Not only that would make the coin more useful in the long run, but it will have a positive effect over its price within the long term.

I love DOGE because it's much faster and cheaper to use than Bitcoin, Litecoin, or even Ethereum. It's only great as digital cash than a store of value because of the way it was designed. Integrating it into Twitter for micropayments would be a great idea, as that would increase Dogecoin's exposure to the mainstream world. No one knows what's in Elon Musk's mind right now, so we can only hope for the best. Just my opinion

[Pierre 2]

I don't think Elon Musk will show interest to Dogecoin that much until next bull run. He is obviously speculation guy. He kept speculating on Doge's price, probably he made quick fortune through it. I generally dislike him. He may increase crypto visibility anyways. Twitter is crypto friendly. Maybe Elon Musk can increase Blockchain interaction. I actually want Twitter to have its own altcoin. But Doge as micropayment option sounds nice.

[BobK71]

I don't think Elon Musk will show interest to Dogecoin that much until next bull run. He is obviously speculation guy. He kept speculating on Doge's price, probably he made quick fortune through it. I generally dislike him. He may increase crypto visibility anyways. Twitter is crypto friendly. Maybe Elon Musk can increase Blockchain interaction. I actually want Twitter to have its own altcoin. But Doge as micropayment option sounds nice.

Actually, We are very much enthusiast about Elon Musk but he is not. He just believe that emotions should be ignored in business. The biggest mistake was made in 2021 by the investors. There is no guarantee that Elon Musk will use Doge Coin as micropayments if he buys Twitter. So don't expect too much. One should never invest depending on him.

[gunhell16]

It looks like Elon Musk is going to proceed with the $44B deal to buy Twitter as he has originally planned. The recent news of Elon Musk changing its mind again had a short pump in DOGE's price. If the deal goes through, that would mean Elon Musk will become the new owner of one of the world's most popular social media platforms. Knowing that the billionaire is a huge fan of Dogecoin, it's possible he will integrate the cryptocurrency into the platform for micropayments (micro-tipping).

I'm wondering what effect will this have into DOGE's price if successfully implemented? Will DOGE be able to finally get past $1 per coin? Or will it never happen? Also, I fail to see how DOGE would be used massively on Twitter when the cryptocurrency doesn't have enough transaction capacity to serve millions of users around the world. There's no LN or on-chain scaling solution yet, so developers are going to have to work on something if they want DOGE to be widely adopted worldwide. What are your thoughts?

First of all, a Dogecoin cannot become 1$. Do you know how much market cap volume sir it will take? Second, if Elon Musk were to choose a meme coin to promote, I think he would prefer to choose Shiba Inu over dogecoin because Shiba has more features than Dogecoin. But this is just my own opinion Sir.

Besides that, the only thing that Elon Musk can do is to influence others to invest in the coin that he wants to promote, yes it is true that he can increase its value price but that does not mean that he can make it 1$ per coin, that's not the case as far as I know.

[newdevices]

I don't think Elon Musk will show interest to Dogecoin that much until next bull run. He is obviously speculation guy. He kept speculating on Doge's price, probably he made quick fortune through it. I generally dislike him. He may increase crypto visibility anyways. Twitter is crypto friendly. Maybe Elon Musk can increase Blockchain interaction. I actually want Twitter to have its own altcoin. But Doge as micropayment option sounds nice.

Actually, We are very much enthusiast about Elon Musk but he is not. He just believe that emotions should be ignored in business. The biggest mistake was made in 2021 by the investors. There is no guarantee that Elon Musk will use Doge Coin as micropayments if he buys Twitter. So don't expect too much. One should never invest depending on him.

Elon Musk is a fan of Dogecoin, and if Twitter was bought by Elon Musk then we certainly shouldn't be surprised about the micropayments there,
because Doge and Bitcoin would be good choices for Elon, this is why we should all buy Doge in the long term, because Bull for The doge isn't over yet.

[KaliLinux]

I don't think Elon Musk will show interest to Dogecoin that much until next bull run. He is obviously speculation guy. He kept speculating on Doge's price, probably he made quick fortune through it. I generally dislike him. He may increase crypto visibility anyways. Twitter is crypto friendly. Maybe Elon Musk can increase Blockchain interaction. I actually want Twitter to have its own altcoin. But Doge as micropayment option sounds nice.

Actually, We are very much enthusiast about Elon Musk but he is not. He just believe that emotions should be ignored in business. The biggest mistake was made in 2021 by the investors. There is no guarantee that Elon Musk will use Doge Coin as micropayments if he buys Twitter. So don't expect too much. One should never invest depending on him.

Exactly, I hope people wouldn't start investing in Dogecoin hoping that there is something huge coming out of it if Elon musk was to eventually conclude this Twitter deal meanwhile, there is also this happening now, Elon Musk is under federal investigations, Twitter says in court filing How do we know that with this investigation, Musk will still be willing to close the deal and what is with the back and forth from him anyways.

[bitcampaign]

that's what I've been thinking since Elon officially bought twitter from the news we got a few days ago, i see like there is a future in dogecoin and i think what you think also in this thread, where dogecoin can be integrated into twitter as a micropayment tool , therefore I continue to buy Dogecoin as long as it is below $0.1 because I believe it will go to $1 after going through a process that runs from now on for the next few years