Bitcoin Supporters Express Discontent Over Twitter's Doge Logo Change
Since the Twitter logo was changed from the original bluebird to a cartoon image of the popular Shiba Inu Doge, the cryptocurrency has risen significantly in value and is now 27% higher than 12 hours earlier. However, several Bitcoin supporters have expressed discontent over the logo change, and a few have insisted that Elon Musk was promoting "unregistered securities" by effecting the change.
Logo Change Upsets Bitcoiners, but Others Oppose the Discontent
On April 3, the Twitter logo was suddenly changed to a cartoon image of the popular
Shiba Inu Doge. The change has not been officially announced, and the reason
for changing the logo has not been explained by Twitter. While the image is simply a
cartoon picture of Doge, it has been directly associated with the
cryptocurrency meme asset Dogecoin (DOGE). There are speculations that
Twitter’s owner, Elon Musk, swapped the logo for the Doge meme to troll against
a recent multibillion-dollar lawsuit against him
that claims his tweets artificially inflate the price of DOGE.
Mainstream media publications like Mashable attempted to downplay the Twitter logo change
by calling it "corporate cringe" and insisting that the internet
"reacted by laughing at (not with) Elon Musk." Additionally, several Bitcoin advocates tweeted their opposition to the
logo change and criticized Musk for not highlighting the leading
cryptocurrency, BTC.
Bitcoin Author Slams Musk for Blunt Advertisement of Doge
After the logo was changed, Twitter was filled with tweets from
Bitcoin supporters who were upset with the Doge logo replacement.
"Dogecoin is not ‘money for the people as advertised by Elon Musk. Bitcoin
is," tweeted Mark Harvey. "This is due to
blocking size. In a hypothetical world where both blockchains are fully adopted
(all blocks are full of transactions), dogecoin would be significantly more
centralized than bitcoin," Harvey claimed. Bitcoin author and educator
Anita Posch said that the logo change was "too much."
"This is getting too much," Posch said. "What a blunt advertisement for
Dogecoin. I loved Twitter, but since Elon is around, everything is getting
worse."
Not everyone agreed with the Bitcoin supporters who tweeted
their opposition to the logo change. In response to the allegation of pumping
"unregistered securities," one person replied, "This new breed of Bitcoiner
that’s anti-free market and pro-government regulation is confusing to me."
While Posch claimed that "many people will lose
money" and that "it’s irresponsible," others challenged the
author’s argument.
"If people lose money because somebody exchanges a bird
logo with a dog logo, then they deserve to lose it. Nothing about this is
irresponsible," one person tweeted to Posch.
Many Bitcoin advocates felt compelled to criticize Twitter’s new
owner for changing the logo. So, Elon Musk, how does changing the Twitter logo
to a DOGE dog help you towards your stated goal of ‘doing useful things for
civilization?' You’re contributing to distraction from the most important
invention in human history since the Internet—Bitcoin," wrote Brett Morrison, CEO of
truevote.org.
And, of course, several people dismissed these opinions as close-minded
maximalism. "I would say the same about Maxis, who is putting people off
Bitcoin by the thousands with their hubris. Doge may well end up being
historically more important than bitcoin," replied one person to Morrison’s
complaint.
What is your take on the Twitter logo change to the Doge meme
and the reactions from Bitcoin supporters? Was it a harmless logo change or a
Doge promotion? Please post your comments.
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