One of the well-known figures in the cryptocurrency space, David Gokhshtein, posted on Twitter that he sees Elon Musk, the CEO of Tesla, SpaceX, and Twitter, and Vitalik Buterin, the co-creator of Ethereum, working together to upgrade meme currency Dogecoin (DOGE).
However, Gokhshtein is certain that these two influential figures in the cryptoverse would not collaborate on bitcoin.
Is An Elon-Buterin Dogecoin Collaboration Coming Soon?
David Gokhshtein expects Dogefather Elon Musk to work with Vitalik Buterin to improve Dogecoin (DOGE).
The former U.S. Congressional candidate and creator of Gokhshtein Media may have reached the following conclusion regarding Buterin’s meme currency featuring the Shiba Inu. He suggested in September of last year that Doge converts to proof-of-stake (PoS) security instead of its present proof-of-work (PoW) security scheme. At the Messari Mainnet Summit 2022 in September, the Ethereum whiz reaffirmed this.
Interestingly, the Dogecoin Foundation was reinstated last October, with the addition of Buterin and Tesla representative Jared Birchall as advisers. At the time, Buterin’s father, Dmitry noted that his son’s inclusion was a positive development as it could help DOGE become a better coin.
Ethereum recently transitioned from energy-intensive PoW to PoS, a consensus mechanism not reliant on accumulating specialized mining computers, after a flawlessly executed Merge event.
Elon Musk, on the other hand, has been working with DOGE devs for years now to make the canine-inspired cryptocurrency a greener, cheaper alternative to bitcoin. Market pundits now expect the electric-car-tycoon-turned-Twitter-owner to soon incorporate Dogecoin into the social media giant after his dramatic $44 billion takeover. Up to now, Musk’s hands-on involvement with the crypto that started as a parody has been a mystery.
While Musk seems keen to take Dogecoin to the moon, we shouldn’t expect him to work on the benchmark cryptocurrency with Buterin or any other industry leader.
Musk is Unlikely To Ever Work On Bitcoin With Buterin
Although Dogecoin was created back in 2013 as a riposte to bitcoin, Musk has unequivocally turned his back on the market lodestar. According to Gokhshtein, the world’s richest man would not be interested in partnering with Ethereum’s Buterin to work on bitcoin.
Despite promising that Tesla would restart BTC payments once bitcoin mining became a greener industry, Musk never showed the bellwether cryptocurrency the same love he originally did when his electric car company purchased $1.5 billion worth of the asset.
Gokhshtein reckons that Musk’s goal is to turn the “joke coin”, which has been soaring under his patronage, into “something serious”. But despite his heavy endorsement, the meme coin is currently changing hands 87.9% down from its May 2021 all-time high price of 73 cents.
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