The businessman said that he does not control the developers of the altcoin and has no subordinates among them
Tesla and SpaceX CEO Elon Musk said on Twitter that he has no control over Dogecoin developers. The businessman noted that the altcoin does not have an official organization that would ensure the operability of the digital coin, so he personally does not have subordinates among the developers and his ability to make any decisions is limited.
.@ElonMusk appears to be treating #Dogecoin like one of his own companies
He’s actively marketing $DOGE, engaging with the community, and using his engineering and leadership prowess to contribute to #DOGE development
With Elon as “Doge CEO”, we are in good hands! 🚀
— 💸💸💸 (@itsALLrisky) May 25, 2021
Please note Dogecoin has no formal organization & no one reports to me, so my ability to take action is limited
— Elon Musk (@elonmusk) May 25, 2021
This is how the entrepreneur responded to a tweet in which he was called “the CEO of Dogecoin.” One of the users of the social network wrote that Musk refers to the altcoin as one of his companies and is actively promoting the coin.
Earlier, the Tesla CEO reached out to his Twitter followers and invited them to take part in the development of Dogecoin. The businessman offered to send his ideas for improving the digital coin to GitHub or a section on Reddit. Musk added that someone suggested changing transaction fees based on the phase of the moon. He called it a “cool idea.”
Musk also explained why among all the projects he likes Dogecoin. According to him, altcoins have “memes and dogs”, while other digital coins do not.
The businessman polled his Twitter followers if they wanted Tesla to add the ability to buy electric cars with Dogecoin. Against the backdrop of this publication, the value of the altcoin rose by 17% in just a few minutes. As of May 26, almost 4 million people took part in the survey. 78% of voters support the adoption of Dogecoin as a payment method.
Musk last influenced the value of a digital coin on May 20. Then the entrepreneur published a picture showing Dogecoin in the form of a bill and asked what denomination it was. In 15 minutes, the altcoin price increased by 16%.
