Elon Musk says it’s ‘super important’ for Dogecoin (DOGE) fees to drop further | CryptoSlate


Elon Musk, the founder and CEO of Tesla and SpaceX, said that Dogecoin fees should be reduced in order to make the cryptocurrency viable for small payments.

Musk’s comments came as an answer to the latest news coming from the CEO of AMC Entertainment, the company behind the world’s largest theater chain.

How To Get Free Crypto  

A huge amount of people want AMC to accept DOGE, but Musk remains skeptical

Earlier this week, Adam Aron posted a poll on social media on whether AMC should add dogecoin to the list of cryptocurrencies it will accept for online payments.

Much to his surprise, most of his followers welcomed the move, calling DOGE an “obvious decision” for AMC. The poll closed on September 22nd with 140,000 votes, with the overwhelming majority voting for Dogecoin.

“It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that,” Aron said.

 Shibetoshi Nakamoto, the co-creator of Dogecoin, noted that Aron’s focus on Dogecoin was a positive development not just for the meme coin, but for the entire market as well.

However, Elon Musk, whose enthusiasm for Dogecoin has made him a controversial figure in the industry, was a bit more cautious in his views. In a tweet to the Dogecoin co-founder, Musk said that for people to use Dogecoin to purchase things like movie tickets, the transaction fees would need to drop.

Coinbase Banner  

“Super important for Doge fees to drop to make things like buying movie tix viable,” he said.

The coin’s co-founder agreed with Musk and called on Dogecoin miners to update to the latest version of the blockchain software. If all major miners and node operators updated to version 1.14.4, the network would be able to release low fees by default and reduce transaction times—making the token more suitable for the type of transactions Musk was referring to.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Go to Source
Author: Andjela Radmilac

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.