The Dogecoin team responded to Elon Musk by expressing their support for his concept of money and economy.
The official Dogecoin account on the X platform has referenced Elon Musk’s most recent tweet, in which he discussed the economy and money in general. The DOGE team has essentially concurred with the world’s most influential Dogecoin enthusiast and has incorporated a provision regarding parodies.
Elon Musk shared an excerpt from his interview in which he discusses a variety of topics, such as the economy and money. In that video, he described money as “merely a database for the exchange of commodities and services.”
He asserted that “money does not possess power in and of itself,” citing an example in which a person isolated on a desolate island would find a billion U.S. dollars in their bank account to be meaningless and would prefer a can of broth.
Today, he responded to that video excerpt and reiterated his definition of money, asserting that “the actual economy is not money; it is products and services.”
The DOGE account endorsed Musk, who expanded the concept of money by stating that it can also be regarded as a meme, which is the foundation of Dogecoin. “Money is merely a metaphor for value that exists in the imaginations of those who employ it.” A meme, if you will.
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