Dogecoin to be used for micropayments on Twitter? - page 2.

peter0425

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Quote from: nimogsm on November 09, 2022, 04:32:33 PM

Quote

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last? Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat

I think first we need to find statistics on how many verified accounts there are at the moment, and then need to calculate who is willing to pay $8 a month at all.The introduction of Doge as payment is still only a theory that has been discussed on the web for quite a long time, but at the moment there is no confirmation of this.I am more inclined to think that when buying such a large company for such a large amount at the moment, cryptocurrency is not in his priority right now.

but the Idea of this as implementation care nothing if the users need to pay either dogecoin or fiat still it is obligatory so they will pay at all, though I am one of those and willing to pay in Dogecoin as I have plenty in my wallet sitting for years.

and calling it as not priority right now? I'm afraid it is lol .

Abiky

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Quote from: Vaskiy on January 02, 2023, 06:35:44 PM

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

You've said it yourself. "Meme" coins are only good as a short term investment due to their highly-unpredictable nature. You can't expect much from them especially when they were created as a joke (even the supply is enormous). I think Elon Musk was just trying to pump Dogecoin's price by pretending to integrate it into Twitter. With how quickly Twitter is falling, don't expect DOGE to be used as a means of payment anytime soon. I wouldn't worry about this, since there are better coins out there with a proven track record of development and innovation. Who needs Dogecoin when we have Bitcoin as the best decentralized cryptocurrency in the world? Just my thoughts Grin

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Quote from: tygeade on December 31, 2022, 08:05:02 AM

Quote from: len01 on December 30, 2022, 03:06:42 AM

every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.

and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

Not investing in any memecoin is a smart move, not many people would be smart enough to stay away from the latest hypes and for a while memecoins were the biggest hype of the crypto world and too many people got into it.

People who have absolutely no idea about crypto got into dogecoin for a while, and not like they lost money neither, they made a lot of profit from it when the time came and that caused them to believe in it a lot more. The ones that sold and took their profit are happy and they think they did the right thing, and if they stayed in profit then they really did do the right thing. But many that kept on holding lost most of their money and that's a trouble for the market.

There are successful people out of investment on memecoins. A market shouldn't be of a same product, it needs to provide variety to its users. One such variety in cryptocurrency is the memecoins. These are for short term, if lucky you'll be profiting and if not you just need to ignore. Dogecoin to be used by Elon Musk might happen, but this isn't gonna make big push in the market.

tygeade

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Quote from: len01 on December 30, 2022, 03:06:42 AM

every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.

and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

Not investing in any memecoin is a smart move, not many people would be smart enough to stay away from the latest hypes and for a while memecoins were the biggest hype of the crypto world and too many people got into it.

People who have absolutely no idea about crypto got into dogecoin for a while, and not like they lost money neither, they made a lot of profit from it when the time came and that caused them to believe in it a lot more. The ones that sold and took their profit are happy and they think they did the right thing, and if they stayed in profit then they really did do the right thing. But many that kept on holding lost most of their money and that's a trouble for the market.

len01

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Quote from: RealMalatesta on October 22, 2022, 04:14:59 PM

Quote from: wxa7115 on October 19, 2022, 09:46:23 PM

Quote from: len01 on October 13, 2022, 12:24:15 AM

-snip

That is unfortunately true, and it's their own problem. If they really trust meme projects this much, then they should be investing into it and when they lose money on it, that's their own trouble and has nothing to do with us.

I have personally never invested into doge or any other meme, and I have not made any profits from it neither, but I am fine with not losing any money from it as well. That's the key point, if you are not losing any money at all then you are doing the right thing eventually as well. This doesn't mean that you should never invest into anything just because you could lose, but at least the thing you invest into should have some fundamentally solid reason to go up.

yes that's absolutely true. because every investment is the responsibility of each and they themselves will bear the risk and we as people who know these investors are enough to tell the truth about the meme coin hype that has ended, but if they still believe in what he thinks, so be it. because he has the right to choose where they dare to take risks when investing in meme coins.

and I also have never invested in any meme coin. because for me there is still something that is more profitable and has more value in the future in the coin that I have chosen and am currently holding.

Abiky

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Quote from: kawetsriyanto on November 09, 2022, 05:52:29 PM

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily. Grin

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

I don't think he will dare to add Dogecoin as a micropayments tool on the platform, as it will attract unwanted attention (either from the regulators or hackers). Would you imagine Twitter being under heavy scrutiny due to allegations of people using DOGE for money laundering and tax evasion? Even if Mr. Musk only adds the option for verified users (those with the blue tick), that won't stop regulators from weighing in. Twitter is neither a bank or a money service business (MSB). It doesn't even have a license for that, so don't count on DOGE being added to the platform anytime soon.

All Elon Musk wants is fame and fortune. He's already rich, but somehow he wants more money than what he has (greed). By "pumping" Dogecoin, he will be able to multiply his investment in no time. No one knows what's in his mind, leading me to wonder what will he come up with next? Just my thoughts Grin

fullhdpixel

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Quote from: kawetsriyanto on November 09, 2022, 05:52:29 PM

Quote from: Jaered on November 07, 2022, 01:07:50 AM

I think Elon Musk would use Dogecoin to an extent. Maybe as a tip payment option. It wouldn't be the only available options for payment obviously, due to the problems tou pointed out, scalability, being the top issue. But does Dogecoin have the required devs needed for the job? That’s the issue

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily. Grin

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

Not totally early. You know, Elon already acquired twitter and maybe the next day or two, we will only get shocked to see dogecoin on the menu of our twitter. Elon loves surprises too. He won't update us if what is his plans or what is happening in the background but it will just happen suddenly. People being bullish now is what can create a temporary hike in the price but once the actual product is there.

The increase will start to stay and become consistent. Elon won't revoke it but if there are problems, he can always hire good people to fix the issue. That is one of the advantages of being wealthy. There are other good coins better than doge but what can we do if Elon loves doge more than them?

kawetsriyanto

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Quote from: Jaered on November 07, 2022, 01:07:50 AM

I think Elon Musk would use Dogecoin to an extent. Maybe as a tip payment option. It wouldn't be the only available options for payment obviously, due to the problems tou pointed out, scalability, being the top issue. But does Dogecoin have the required devs needed for the job? That’s the issue

Actually, it is too early to talk deeply about Dogecoin as micropayments on Twitter. He may apply it or may revoke the idea. It is still an idea, very far from realization. I suspect it is only the way to pump Dogecoin price temporarily. Grin

To be honest, there are many other coins or currencies that are better to be micropayments on Twitter. Dogecoin should be not the priority if we consider its volatility, it is ideally just another option for micropayments. Regarding developers for the job, Elon Musk ideally already thinks about it. He is a smart one, he must analyze it deeply.

nimogsm

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Quote

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last? Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat

I think first we need to find statistics on how many verified accounts there are at the moment, and then need to calculate who is willing to pay $8 a month at all.The introduction of Doge as payment is still only a theory that has been discussed on the web for quite a long time, but at the moment there is no confirmation of this.I am more inclined to think that when buying such a large company for such a large amount at the moment, cryptocurrency is not in his priority right now.

Polkeins

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Quote from: Majestic-milf on November 06, 2022, 09:09:22 PM

Quote from: Abiky on November 06, 2022, 08:02:30 PM

Quote from: abel1337 on November 04, 2022, 06:00:53 PM

Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

The question is: what perks/benefits will the user have after paying $8 a month for a "blue tick"? Without getting anything in return, I don't see Twitter's paid subscription plan going anywhere soon. Not even adding DOGE as payment method will help. It's been around a week and a half since Elon Musk purchased Twitter, but it's yet the day where he hasn't said anything about Dogecoin. Maybe he's afraid of the regulators? But with mandatory ID verification on the platform (the blue tick), I don't see why adding DOGE should be a problem in the first place.

I've noticed that the "meme" coin's price "pumped" for a brief period of time after the deal went through. I guess it will "pump" even further in price once the cryptocurrency gets integrated into the platform as a micropayments tool. No one knows what will happen in the future, so we can only hope for the best. Just my opinion

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last? Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat

In general, it is certainly a strange idea to charge 8 dollars from verified accounts, as if there were no other way to monetize? Twitter has its own audience, which may well use it for promotion and pay for advertising.
Someone has already started to troll the mask and create his "fake" accounts with a blue checkmark.

Jaered

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I think Elon Musk would use Dogecoin to an extent. Maybe as a tip payment option. It wouldn't be the only available options for payment obviously, due to the problems tou pointed out, scalability, being the top issue. But does Dogecoin have the required devs needed for the job? That’s the issue

Majestic-milf

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Quote from: Abiky on November 06, 2022, 08:02:30 PM

Quote from: abel1337 on November 04, 2022, 06:00:53 PM

Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

The question is: what perks/benefits will the user have after paying $8 a month for a "blue tick"? Without getting anything in return, I don't see Twitter's paid subscription plan going anywhere soon. Not even adding DOGE as payment method will help. It's been around a week and a half since Elon Musk purchased Twitter, but it's yet the day where he hasn't said anything about Dogecoin. Maybe he's afraid of the regulators? But with mandatory ID verification on the platform (the blue tick), I don't see why adding DOGE should be a problem in the first place.

I've noticed that the "meme" coin's price "pumped" for a brief period of time after the deal went through. I guess it will "pump" even further in price once the cryptocurrency gets integrated into the platform as a micropayments tool. No one knows what will happen in the future, so we can only hope for the best. Just my opinion

This $8 a month for the blue tick is in my opinion a means to get back if not all, at least most of the money used to purchase the app. I hear that user accounts with "they/them" tags would be charged $16/ month since it's assumed it's a dual account of sorts.
It doesn't come as a surprise that the price of Doge pumped seeing as he is the crusader of the meme coin but how long will this high it's experiencing last? Won't come as news to me tho if it happens that Elon has moved to another coin of interest, since it's not beneath him to change his mind at the drop of a hat

Abiky

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Quote from: abel1337 on November 04, 2022, 06:00:53 PM

Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

The question is: what perks/benefits will the user have after paying $8 a month for a "blue tick"? Without getting anything in return, I don't see Twitter's paid subscription plan going anywhere soon. Not even adding DOGE as payment method will help. It's been around a week and a half since Elon Musk purchased Twitter, but it's yet the day where he hasn't said anything about Dogecoin. Maybe he's afraid of the regulators? But with mandatory ID verification on the platform (the blue tick), I don't see why adding DOGE should be a problem in the first place.

I've noticed that the "meme" coin's price "pumped" for a brief period of time after the deal went through. I guess it will "pump" even further in price once the cryptocurrency gets integrated into the platform as a micropayments tool. No one knows what will happen in the future, so we can only hope for the best. Just my opinion

super bako

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Quote from: abel1337 on November 04, 2022, 06:00:53 PM

Quote from: Abiky on November 04, 2022, 05:47:26 PM

Quote from: ThemePen on November 01, 2022, 09:18:37 PM

As he suggested some hours ago to charge $8 per month from verified users. These $8 can be in DOGE coin. Or may be in other way.(but I think it can be in DOGE coin).

As we know in the past many news we listened. Like:

Elon is supporting Doge Coin.
Elon is Pro Doge.

Like many you will find on internet.
Here is CNN news now not $20 Twitter will charge $8.
https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price/index.html

Probably. But I don't think people would be willing to pay $8 (either in Fiat or DOGE) just to get verified on Twitter. It would be a waste of time and money, in my opinion. The social media platform needs better ideas to help attract as much people into it as possible. Dogecoin could benefit a lot in terms of mainstream adoption if there are a lot of users on Twitter, though. That is if Elon Musk decides to add it as a micropayments tool.

But I don't think he will dare to do it, as it will bring the attention of the regulators. They will come up with the excuse that Mr. Musk is patronizing money laundering and tax evasion by adopting DOGE into the platform without complying with KYC/AML. The only way this would work is by letting only verified users to use DOGE on Twitter. All of this is speculation, anyways. Let's give Mr. Musk some time to see what he will do with DOGE. Just my thoughts Grin

Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

This is what is important for us to anticipate, avoiding scammers with blue ticks in the project account. 8$ is a small amount of price for a scammer to carry out his action to attract investors' attention. I think this is really a big drama, I want to see the progress that Elon Musk has as a substitute for the owner of Twitter

abel1337

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Quote from: Abiky on November 04, 2022, 05:47:26 PM

Quote from: ThemePen on November 01, 2022, 09:18:37 PM

As he suggested some hours ago to charge $8 per month from verified users. These $8 can be in DOGE coin. Or may be in other way.(but I think it can be in DOGE coin).

As we know in the past many news we listened. Like:

Elon is supporting Doge Coin.
Elon is Pro Doge.

Like many you will find on internet.
Here is CNN news now not $20 Twitter will charge $8.
https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price/index.html

Probably. But I don't think people would be willing to pay $8 (either in Fiat or DOGE) just to get verified on Twitter. It would be a waste of time and money, in my opinion. The social media platform needs better ideas to help attract as much people into it as possible. Dogecoin could benefit a lot in terms of mainstream adoption if there are a lot of users on Twitter, though. That is if Elon Musk decides to add it as a micropayments tool.

But I don't think he will dare to do it, as it will bring the attention of the regulators. They will come up with the excuse that Mr. Musk is patronizing money laundering and tax evasion by adopting DOGE into the platform without complying with KYC/AML. The only way this would work is by letting only verified users to use DOGE on Twitter. All of this is speculation, anyways. Let's give Mr. Musk some time to see what he will do with DOGE. Just my thoughts Grin

Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

Abiky

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Quote from: ThemePen on November 01, 2022, 09:18:37 PM

As he suggested some hours ago to charge $8 per month from verified users. These $8 can be in DOGE coin. Or may be in other way.(but I think it can be in DOGE coin).

As we know in the past many news we listened. Like:

Elon is supporting Doge Coin.
Elon is Pro Doge.

Like many you will find on internet.
Here is CNN news now not $20 Twitter will charge $8.
https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price/index.html

Probably. But I don't think people would be willing to pay $8 (either in Fiat or DOGE) just to get verified on Twitter. It would be a waste of time and money, in my opinion. The social media platform needs better ideas to help attract as much people into it as possible. Dogecoin could benefit a lot in terms of mainstream adoption if there are a lot of users on Twitter, though. That is if Elon Musk decides to add it as a micropayments tool.

But I don't think he will dare to do it, as it will bring the attention of the regulators. They will come up with the excuse that Mr. Musk is patronizing money laundering and tax evasion by adopting DOGE into the platform without complying with KYC/AML. The only way this would work is by letting only verified users to use DOGE on Twitter. All of this is speculation, anyways. Let's give Mr. Musk some time to see what he will do with DOGE. Just my thoughts Grin

ThemePen

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As he suggested some hours ago to charge $8 per month from verified users. These $8 can be in DOGE coin. Or may be in other way.(but I think it can be in DOGE coin).

As we know in the past many news we listened. Like:

Elon is supporting Doge Coin.
Elon is Pro Doge.

Like many you will find on internet.
Here is CNN news now not $20 Twitter will charge $8.
https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price/index.html

Abiky

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Quote from: nurilham on October 29, 2022, 04:59:34 PM

Elon Musk often makes hype on Dogecoin, so you shouldn't be so surprised about it. Grin

However, I am not sure if Dogecoin really to be micropayments on Twitter. Elon Musk must consider it again, it will be the same as Tesla revokes the payment for Tesla products with BTC previously. Of course, Bitcoin or Ethereum ideally is a better option. Elon Musk should consider a better coin if he is really serious to use crypto coins for micropayments on Twitter.

That depends whenever regulators would like the idea of implementing Dogecoin as a payments tool on Twitter or not. Considering that Twitter is constantly under scrutiny by the regulators, it seems very unlikely Elon Musk will integrate DOGE into the platform anytime soon. Doing otherwise, would give Mr. Musk a lot of trouble with the regulators. All of this is speculation so only time will tell us if DOGE gets added to Twitter or not.

To our surprise, DOGE's been rising in price ever since Elon Musk completed the deal. It's now trading at $0.12 compared to $0.05 a few days ago. Still, it's far below $1 as the bear market continues to strain both Bitcoin and its derivatives. Crypto land is full of surprises, so who knows if we get lucky someday? Just my opinion

hyudien

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Quote from: Abiky on October 09, 2022, 08:05:29 PM

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? Huh

Apart from the agreement that took place last Friday and if I combine the 2 paragraphs that you made, it is quite evident that there are several links, namely Elon has officially owned Twitter, and secondly, there has been an increase in the impact seen after Elon's official announcement as the owner of Twitter on the price of Doge. Whether it's only done by the large Doge community or it's a natural market response to Elon's decision. Because besides that Twitter shares also experienced an increase.

Correlation is necessary if you want more clarity, but at first glance, I think it can be easily summed up. Elon officially owns Twitter -> Dogecoin as his favorite coin then the Doge community and Elon followers try to gain attention in the crypto market.

Junii

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Elon musk has been pumping doge for over a year ago. Whenever he can sends out some doge tweet and the dogecoin goesup within seconds.

He probably won’t try this because i don’t think anyone would use it. Nobody holds doge, even crypto holders but if Musk integrates Dogecoin into Twitter, the doge coin will be set to explode and overtake major cryptocurrencies

Topic: Dogecoin to be used for micropayments on Twitter? - page 2. (Read 1594 times)