Dogecoin, the popular and fairly useless memecoin, saw a dramatic jump on the news Elon Musk, the Dogecoin Master Shiller, is going to give up his fight to drop the Twitter deal and will go ahead and purchase it for the original agreed $44b price tag, possibly a move to avoid the looming Twitter suit. Musk also apparently mentioned a way to combat spam bots would be to use 0.1 DOGE in order to hamper mass spamming, as one feature of his new unrevealed “X” multi-purpose app idea, something the public believes will be the next evolution of Twitter.

Oh boy. Here we go again. Elon Musk has had a great track record for being insightful and savvy, but that track has been getting muddy for quite some time. Lately, his cringe-opinionated Tweets, cringe-worthy rants and ultimately poor business decisions have made him look like a shell of the icon he once was. Can he successfully run an already established company like Twitter? I don’t see why not. But can he turn Twitter into this Web3 amalgam of crud just to say he owns a huge Web3 company? Only time will tell, but I wouldn’t bet on it. My trust in Musk left a long time ago.

Written by: nikethereum.eth / Medium / Mirror