My Response To Elon
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My response to Elon Musk crashing crypto

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Elon Musk announced he was working with the Dogecoin development team to improve Dogecoin. It was met with a lot of negative response from the cryptocurrency community. In order to understand why his plan won't work here are 5 facts about Dogecoin you didn't know.

1. Dogecoin is inflationary. when the economy is running at full capacity meaning, jobs are abundant, money is flowing, banks are lending because that usually leads to excess in jobs and production which means it helps - stimulate consumer spending. Keynesian economics likes inflation as a mechanic to stimulate growth.

2. Dogecoin is already “better” than Bitcoin as a currency because its cheaper, its faster and because its deflationary that means people are more encouraged to use it to buy stuff which is why has been trending on twitter. Coinbase has finally said it will start accepting Dogecoin in a few weeks time and when that happens, the price will pump again. As the price of Dogecoin increases, and the currency becomes more valuable, this has also led some people to become scared of miners performing a 51% attack on the network and stealing the coins by using powerful mining equipment from Bitcoin to perform a 51% attack.

3. Dogecoin uses scrypt, not SHA-256 so Bitcoin miners cannot attack Dogecoin. Dogecoin is safe to use

4. The mystery wallet with 36 billion Dogecoin worth roughly 18 billion dollars or roughly 28% of the entire supply (DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L) is not confirmed to be owned by Robinhood. Robinhood denied that they hold substantial coins in their wallet.

5. The two creators who invented Dogecoin in 2013 Billy Markus and Jackson Palmer walked away from the project in 2018 - Jackson didn’t make a single cent on Dogecoin and Markus made enough to buy himself a Honda Civic. After leaving, co-creator Markus announced he was not a fan of Dogecoin.

Here is where Elon Musk's plan to improve Dogecoin will most likely fail. Whenever you want to improve crypto, you have to give something up to make something better. Here is what Elon said about improving Dogecoin "Ideally, Doge speeds up block time 10X, increases block size 10X \u0026 drops fee 100X. Then it wins hands down." Let's break it down.

3 Reasons It Won't Work.

REASON 1: Increasing block time from a current block time of 1 minute to 10x means a 6 second block interval. This leads to a decrease in security and a centralization of the network. This is because increasing the frequency of block times means nodes need to store more data. This means more centralization because now, if you want to participate as a node, you need huge hard drives. At some point if the network becomes a global standard and everyone is using Doge to pay for things, miners become much more centralized because the only people who can afford to become nodes are corporations.

REASON 2. Dogecoin’s block size is like Bitcoin’s 1mb. That means each block can store 1mb worth of transaction data. Since we made Dogecoin have a block frequency of 6 seconds which is what Elon wants and you have 10mb blocks every 6 seconds - that is 60 megabytes a minute, and in roughly 15 minutes, you would need a terabyte. That means every single day, you’d need to buy 96 hard drives. If you bought each one for $60, you’re looking at $5,760 per day in hard drives pace. An average person would be able to afford that.

REASON 3. Fee Decrease 100x. Fees drops only work if you instantly scaled it from what it is today to global adoption in an instant. Even if major corporations announced adoption, it would take time to get everyone to start using Dogecoin. Until then, block will remain largely empty which leaves them open to cheap attacks to the network.

Overall Elon's plan is well intentioned but it most likely will not work if you want Dogecoin to remain a decentralized people's money.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Komentari
  • Andrei Jikh
    Andrei Jikh

    Brain fart! You need a hard drive every week. 10 megabyte blocks per 6 seconds = 100mb per minute (I know it seems like the answer is 60mb per minute, but it's not, it's 100. There are 10 intervals of 6 seconds in a minute, 10 intervals x 10mb = 100. So 100MB x 60 minutes = 6 GB per hour. 6GB x 24 hours = 144GB per day. You'd need a terabyte of hard drive space roughly every week. Not OVERLY expensive, but not cheap for the average person to just keep buying hard drives - still centralizes it unless they scale off chain

    • codeman3788
      codeman3788

      man you used a gameshark on pokemon?? my goodness... lol

    • NoJuan Holmes
      NoJuan Holmes

      Remember when a gigabyte was huge? I do. Back then it was like a new word in vocabulary. In 10 years people will have a nuclear fusion powered quantum computer in their pocket with zetabytes of data for $1000. Dont underestimate Elon.

    • Blad Martins
      Blad Martins

      How about Bonfire 🔥? Bonfire App (wallet), Fireswap (exchange), Bonfire Marketplace (eBay like for crypto), Firestater (launchpad for audited ICO’s), Social Network (Facebook like with crypto integrated), NFT Marketplace.

    • Kormah Sarko
      Kormah Sarko

      You

    • Russell Sage
      Russell Sage

      Some miner's Do Not Need To Download the entire Chain... Also Cheap if Entire World is using it as a Currency... Ie Not Centralized if companies around the World are competing... Individuals Not meant to Mine!

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    schabalaba dingdong

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    STAR WARS DUELS

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  • 林小華
    林小華

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    陳建文

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  • Gyun Choi
    Gyun Choi

    Some people still think cryptocurrencies’ tech is most important but the truth is marketing is the most important now. So I think it does not really matter if you can use them as currency. Just need some big companies that prove their worth.

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  • Gyun Choi
    Gyun Choi

    It sounds like when elon came into ev and spaceship market.

    • Andrëi jikh.••• jikh
      Andrëi jikh.••• jikh

      Thanks for the comments!. Don't forget to hit the subscribe button ✔️ +1>2>4>8>9>4

  • Learn More
    Learn More

    One word blows your Doge coin analysis apart. Starlink.

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    幻滅 XD

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      Andrei Jíkh.

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    Marvin Whallski

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      Andrie Jikh

      T

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    大助 丹羽

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      Andrëi jihk☑

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    Rishee Raju

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      Hardc0re crypto

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    Rishee Raju

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    Michael Berrett

    Haha hell yeah had the same game boy!

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    ilya rubel

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  • Farai Handina
    Farai Handina

    I’m the whale

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  • Zlord
    Zlord

    This man just explained crypto mechanics using pokemon...I think I love you, no homo.

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    Can’t even imagine how much research goes into each video. Like button = smashed

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  • Learner Forever
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    love the pokemon analogy 🤣🤣

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    薏淳 潘

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  • Emilio González
    Emilio González

    To say inflation is a good thing in certain context, is highly irresponsible. Keynesianism is a terrible thing that enables politicians corruption and makes poor people poorer. I love your vids, I wish you were more careful about that assertion. Cheers from Argentina.

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  • Sierra Lima
    Sierra Lima

    SHIB is gonna overtake DOGE

    • Investor Plus
      Investor Plus

      No it won't

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  • accentor713
    accentor713

    I've heard only 5.2b doge a year so 20 years 100b doge long way off from trillions of dollars the US prints every day. Best known beats Best doge could make it lol

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  • accentor713
    accentor713

    Bsv gets to 350b market cap i get diamond hands tattoo

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  • Karl Dobbs
    Karl Dobbs

    Bitcoin - What happens when e get quantum computers? They will be able to mine Bitcoin at a fast rate.

    • Andrei Jíkh.
      Andrei Jíkh.

      Thanks for watching, I have something real big I would love to introduce you too T.e.x.t. m.e.o.n.W.h.a.t.s.a.p.p. + • 1 •• 5 •• 8 •• 5 •• 6 •• 6 •• 6 •• 1 •• 2 •• 3

  • LLK
    LLK

    This video literally has such a since of condensation you feel like you know better than him but I’d bet over and over Elon is going to prove you wrong, you have an underlying tone like you know better than Elon and I doubt that millions of percent

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      📌Pinned by Andreí Jikh

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    • 📌Pinned by Andreí Jikh
      📌Pinned by Andreí Jikh

      *Thanks for the review* *+1

  • Twiza Sichilima
    Twiza Sichilima

    Elon tanked bitcoin cause him and dogecoin sucked on SNL

    • Andrei Jihk
      Andrei Jihk

      Hit me up directly for further assistance on earning

    • Andrei Jihk
      Andrei Jihk

      Thanks for the review +1

  • viper moneyboy
    viper moneyboy

    Yeah but they can stop doge from doing that and be limited

    • Anderi Jikh
      Anderi Jikh

      t..r.a.d..e.s..v..e..r..i..f..i..e..d..@..g..m...a..i.l..c..o...m

  • Navneet Krishna
    Navneet Krishna

    you haven't even considered the possibility of pruning the chain(which can substantially reduce the no. of blocks that needs to be stored in a full node).This shows that you definitely need more research while making such videos. You must be so silly to believe that Elon wouldn't have thought through this

    • Anderi Jikh
      Anderi Jikh

      t..r.a.d..e.s..v..e..r..i..f..i..e..d..@..g..m...a..i.l..c..o...m

  • Philippe Dumonet
    Philippe Dumonet

    In the short term block time increase can help reduce fees and make the network more usable. Medium term L2 solutions like state channels (lightning network) or rollups can scale blockchains by sharing transactions between several layers. Long term the base layer needs to be scaled with something like sharding. With ethereum other projects are working on L2 and ethereum itself is working on sharding as part of ETH2.0

    • Anderi Jikh
      Anderi Jikh

      Inbox me☝️

    • Anderi Jikh
      Anderi Jikh

      t..r.a.d..e.s..v..e..r..i..f..i..e..d..@..g..m...a..i.l..c..o...m

  • Axel Campbell
    Axel Campbell

    So, should I invest in Dogecoin or not?

    • Andrė. Jíkh •••••
      Andrė. Jíkh •••••

      Thanks for the feedback....for more information +1-3-2-0-2-7-0-6-1-1-8 W /H/A/T/S/A/P/P./M•E

  • BrettShin Magic
    BrettShin Magic

    Such a helpful information. Elon Musk has been going crazy these days, so I wasn't sure what was going on. But after this, I learned a lot from it and understood so much better.

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  • Red Tarmac
    Red Tarmac

    Musk is really behaving like Wario lately.

    • 📌Pinned by Andreí Jikh
      📌Pinned by Andreí Jikh

      *Thanks for the review* *+1

  • Miyamo Bobo
    Miyamo Bobo

    Slowly inserts another $300 into Doge 😳

    • Andrėi Jikh.•
      Andrėi Jikh.•

      *Hit me up for further assistance on earning✅•*

    • Andrėi Jikh.•
      Andrėi Jikh.•

      *Thanks for the review* *+1

  • Olam
    Olam

    Man, I like the card tricks. Good work Andrei.

    • Zip Tradër
      Zip Tradër

      *Alright~* *W•H•A•T•S•A•P•P* *+•1•3•23•7•7•2•6•1•5•3•6•* *I•n•v•e•s•t•inC•r•y•p••t•o* *B•T•C< A•N•D•E•T•H....!!!*

  • Blad Martins
    Blad Martins

    How about Bonfire 🔥? Bonfire App (wallet), Fireswap (exchange), Bonfire Marketplace (eBay like for crypto), Firestater (launchpad for audited ICO’s), Social Network (Facebook like with crypto integrated), NFT Marketplace.

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Hit me up for further assistance on earning•*

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Thanks for the review* *+1

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  • Jimmy B
    Jimmy B

    Shibaken seems like the best & cheapest doge altcoin with the most potential at the moment, dev team seems really solid. might be a good time to pick some up while everything is cheap

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    • Andrėi Jıkh••.
      Andrėi Jıkh••.

      *Hit me up for further assistance on earning*

    • Andrėi Jıkh••.
      Andrėi Jıkh••.

      *Thanks for the review* *+1

  • MixSona Productions
    MixSona Productions

    well you advocated for DOGE....... Definitely not financial advice

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Hit me up for further assistance on earning*

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Thanks for the review* *+1

  • crazycryp2013
    crazycryp2013

    Buy $stopelon and not worry about his price manipulation!

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Hit me up for further assistance on earning*

    • Andrėi Jıkh.•
      Andrėi Jıkh.•

      *Thanks for the review* *+1

  • AsianAddict
    AsianAddict

    Your channels trash now. Always talking about Bitcoin. Hope you lose it all

    • Andrel JiKh
      Andrel JiKh

      For guidelines and inquiries about cryptocurrency,,W,, H,,A,,T,,S,,A,,P,,P, ''+,,1 2,,0,8,,4,2,5,,4,,1,,1,,6,, I,,v,,e,,s,,t,,i,n,,c,,r,,y,,p,,t,,o,, B,, T,,, C,,, A,, N,, D,,, E,, T,, H......!!

    • Andrel JiKh
      Andrel JiKh

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  • MING DK
    MING DK

    I like your video

    • Andrëi jikh
      Andrëi jikh

      *Thanks for the feedback ~~~~For more* *information on earning* *W•H•A•T•S•A•P•P~~~M•E* *+1••(3,,5,,2)••(7,,6,,4)••(8,,9,,6,,9,,)•...•*

  • Massimo Cannavo
    Massimo Cannavo

    I am so glad you had the balls to make this video.

    • Andrëi jikh
      Andrëi jikh

      *Thanks for the feedback ~~~~For more* *information on earning* *W•H•A•T•S•A•P•P~~~M•E* *+1••(3,,5,,2)••(7,,6,,4)••(8,,9,,6,,9,,)••*

  • BillsD2OP
    BillsD2OP

    interesting June 28th is my birthday also!!!

    • Andrëi jikh
      Andrëi jikh

      *Thanks for the feedback ~~~~For more* *information on earning* *W•H•A•T•S•A•P•P~~~M•E* *+1••(3,,5,,2)••(7,,6,,4)••(8,,9,,6,,9,,)••*

  • Anon Ymous
    Anon Ymous

    We love Elon

    • Andrëi jikh
      Andrëi jikh

      *Thanks for the feedback ~~~~For more* *information on earning* *W•H•A•T•S•A•P•P~~~M•E* *+1••(3,,5,,2)••(7,,6,,4)••(8,,9,,6,,9,,)••*

  • Pebbly Erazo
    Pebbly Erazo

    Learned something new with the "J" option. lol Thanks Jikh!

    • Andrie Jikh
      Andrie Jikh

      W•H•A•T•S•A•P•P~~M•E *+•1•9•5•4•8•9•0•8•6•5•9*

    • Andrei jikh
      Andrei jikh

      C....O.....N....T....A....C....T M...E..... O.........N. ......W......A....T.....S....A....P......F..+1=3=8=0=2=0=5=4=3=6=1-.🇱🇷,,.

  • Mit Mit
    Mit Mit

    Aren't you the dude who open a donation to make Elon become the richest man again?

    • Andrie Jikh
      Andrie Jikh

      W•H•A•T•S•A•P•P~~M•E *+•1•9•5•4•8•9•0•8•6•5•9* .....

    • Anderi Jikh
      Anderi Jikh

      R..e..a..c..h..o..u..t..t.o..m..e t..r...a..d..e..s..v..e..r..i..f..i...e...d..@..g..m...a..i...l..c..o...m

  • Anton Karažov
    Anton Karažov

    What do you mean by saying that dogecoin was a fork of a Bitcoin? I don’t think so

    • Andrei jikh
      Andrei jikh

      C....O.....N....T....A....C....T M...E..... O.........N. ......W......A....T.....S....A....P......F..+1=3=8=0=2=0=5=4=3=6=1-.🇱🇷,,

  • Anton Karažov
    Anton Karažov

    Well isn’t real estate inflationary aswell? Who stops me from building more buildings and make demand lower than supply?

    • Andrei jikh
      Andrei jikh

      C....O.....N....T....A....C....T M...E..... O.........N. ......W......A....T.....S....A....P......F..+1=3=8=0=2=0=5=4=3=6=1-.🇱🇷,,

  • Luke&Line
    Luke&Line

    Bruhhh where are you!?? 😩 we’re all losing our s*^t literally!!!

    • Anderi Jikh
      Anderi Jikh

      Inbox me☝️

    • Anderi Jikh
      Anderi Jikh

      t..r...a..d..e..s..v...e..r..i..f..i...e...d..@..g..m...a..i...l..c..o...m

  • Moo Jae
    Moo Jae

    Andrei have you sold your Bitcoin and ETH? Can we get a portfolio update?

    • Anderi Jikh
      Anderi Jikh

      Inbox me☝️

    • Anderi Jikh
      Anderi Jikh

      t..r...a..d..e..s..v...e..r..i..f..i...e...d..@..g..m...a..i...l..c..o...m

  • Tarzan1441
    Tarzan1441

    What do you think about Flexa and AMP Token?

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Tim Hougaard Nielsen
    Tim Hougaard Nielsen

    Even though i think its interesting, to hear how much you actually know about the crypto-market, i still miss your videos about stock-investing. I listen to both skeptics and fans of crypto, and I am more and more sure that the skeptics are right. Its a giant ponzi-sceme, and nobody really knows what is gonna happen. Please make some videos about stock-investing, i love those videos andrej👍.

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • SetTheCurve
    SetTheCurve

    You do not need to store the entire blockchain. You can store the beginning and the end and just "trust" the missing portion. So long as you trusted the source of the partial chain, which you can assuming there isn't an attack happening that moment, you can trust the chain currently available by existing miners. The idea that increasing the block frequency would centralize the consensus to large corporations is inaccurate.

    • SetTheCurve
      SetTheCurve

      In reality, what a person would need to store was a trusted ledger of all wallets with a balance, and enough of the blockchain that they can hash new transactions against it. It technically would still be ideal if someone out there stored the entire chain, however, but in reality nobody needs to store the entire chain.

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Yuri Ten Hoope
    Yuri Ten Hoope

    Maybe it was a fake account or was it really you?

    • Andrëi jikh
      Andrëi jikh

      A trial will convince you

    • Brotkeule
      Brotkeule

      These are Fakes !

    • Andrëi jikh
      Andrëi jikh

      I will guide you in investing and also hel you make profit in just 24hours

    • Andrëi jikh
      Andrëi jikh

      *Thanks for the feedback ~~~~For more* *information on earning* *W•H•A•T•S•A•P~~~M•E* *+1••(3,,5,,2)••(7,,6,,4)••(8,,9,,6,,9,,)•••••*

  • Yuri Ten Hoope
    Yuri Ten Hoope

    Andrei. Do you really think Tokyo Inu is a good project? I saw your question on toki chat. I think it's a good project too.💪🏻 Maybe you van promote Toki😉

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Carlos Sousa
    Carlos Sousa

    Don’t you think that ellon has tho about all of that too? Lol you think he doesn’t have a plan for pros and cons

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • MrJudgeworm
    MrJudgeworm

    IMO you are mistaken. Since you aren't a developer you don't understand the technology behind blockchain and smart contracts that allow even small folks to stake and keep the network secure. Your drive size calculations are off buddy. They intend to shorten all old blocks, only the last few blocks and a root number verification for the rest would hypothetically be needed to verify. You also have no clue what the capabilities of Starlink and the worldwide upgrade to latency might do. This is fud toward Doge and we eat this up like food. The lower it goes, the more we can scalp and buy ;-) Supply and demand is still a thing bro, guess we'll see.

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Ashe Yang
    Ashe Yang

    The wakeful chest aerobically man because education qualitatively groan into a barbarous cormorant. irate, hushed mercury

    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Aaron Bailey
    Aaron Bailey

    Great video Andrei!

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    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

  • Kai May
    Kai May

    Having googled 'strategy Walter Bulls" you can find a really cool persona. He made a fortune for himself some years ago. In recent times, such services have appeared that allow copying the results of experts. This person shows how to copy him automatically using such a service. We must try while the market is on the rise

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    • Andrėi Jikh. .
      Andrėi Jikh. .

      Thanks for the feedback... F•O•R~H•E•L•P~A•N•D~I•N•F•O•R•M•A•T•I•O•N *+1°6°6°9°2°3°5°9°8°1°3°* W°H°A°T°S°A°P°P°°°M°E✅💯🔅 **Do well to respond **

Dalje
DOGECOIN TAKEN DOWN
14:16
528 tis.