all about cryptop referances
After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin supporters expressed distaste for the logo change, with a few insisting that Elon Musk was promoting “unregistered securities” by making the change.
On April 3, 2023, the Twitter logo was changed to a cartoon image of the popular Shiba Inu Doge meme, and the reason for the change is unclear. While the image is simply a cartoon image of Doge, it has been directly associated with cryptocurrency meme asset dogecoin (DOGE). Some even speculated that Twitter’s owner, Elon Musk, swapped out the logo for the Doge meme to troll a recent multi-billion dollar lawsuit against him that claims his tweets are artificially boosting the price of DOGE.
Meanwhile, mainstream media publications such as Mashable attempted to downplay the Twitter logo change by calling it “corporate creep” and insisting that the internet “reacted by laughing at (not at) Elon Musk.” In addition, a number of bitcoin advocates tweeted their opposition to the logo change and criticized Musk for not highlighting the leading cryptocurrency BTC. One individual wrote“Pumps centralized unregistered securities again, [Elon Musk]?” Another person meant that “Dogecoin needs Elon Musk to win. Bitcoin needs no one. That’s why we want to win.”
Elon’s silly little Doge stunt is certainly worth it for all the seething it has caused among salty Bitcoin maximalists.
“UNREGISTERED SECURITY” ok BitKaren 😏
— Joel Valenzuela (@TheDesertLynx) 3 April 2023
After the logo was changed, Twitter was filled with posts from bitcoin supporters who were unhappy with the Doge logo replacement. “Dogecoin is not ‘money for the people’ as advertised by Elon Musk. Bitcoin is,” tweeted Mark Harvey. “This is because of the block size. In a hypothetical world where both blockchains are fully adopted (all blocks completely full of transactions), dogecoin would be significantly more centralized than bitcoin,” argued Harvey. Bitcoin author and educator Anita Posch emphasized that the logo change was “too much.”
“This is really getting to be too much,” Posch so. “What a lame ad for Dogecoin. I really loved Twitter but since Elon is around it’s getting worse.”
Not everyone agreed with the bitcoin supporters who tweeted their opposition to the logo change. In response to the allegation of having pumped “unregistered securities,” a person answered, “This new breed of Bitcoins that are totally anti-free market and pro-government regulation is confusing to me.” “[Elon Musk is] obvious trolling. Why do we get so angry?” another individual asked. While Posch claimed that “a lot of people will lose money” and that “it’s totally irresponsible”, others challenged the author’s argument.
“If people lose money because someone replaces a bird logo with a dog logo, they totally deserve to lose it. Nothing about this is irresponsible,” one person tweeted to Posch.
Still, 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 are contributing to the distraction from the most important invention in human history since the Internet – Bitcoin. wrote Brett Morrison, CEO of truevote.org.
And of course more people rejected these opinions as myopic maximalism. “I would say the same about maxis putting people off Bitcoin by the thousands with their hubris. Doge may well end up historically more important than bitcoin,” answered one person to Morrison’s complaint.
What do you think about the Twitter logo change to the Doge meme and the subsequent reactions from Bitcoin followers? Do you think it was just a harmless logo change, or do you agree with those who claim it promotes DOGE? Share your thoughts in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
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