Timely, comprehensive, professional and accurate information and data to understand the latest information about blockchain, cryptocurrency and Bitcoin

FameEX Hot Topics | Twitter Faces Backlash from Bitcoin Supporters for 'Totally Irresponsible' Doge Logo Change

2023-04-05 11:20:50

Twitter’s recent change to its logo, replacing it with a cartoon image of the Shiba Inu Doge, has caused controversy among the cryptocurrency community. While some have criticized the change, others have opposed the discontent expressed by the opposition. The reason for the change is unknown, but the image is associated with the cryptocurrency meme asset, Dogecoin. It is speculated that Elon Musk, Twitter's owner, may have made the change as a troll against the multibillion-dollar lawsuit claiming his tweets artificially inflate the price of DOGE. Mainstream media publications, like Mashable, downplayed the Twitter logo change, calling it "corporate cringe" and insisting that the internet "reacted by laughing at (not with) Elon Musk."

A number of 
bitcoin advocates tweeted their opposition to the logo change and criticized Musk for not highlighting the leading cryptocurrency, BTC. One individual tweeted, "Pumping centralized unregistered securities again, [Elon Musk]?" Another person opined that "Dogecoin needs Elon Musk to win. Bitcoin needs nobody. That's why we will win." The change sparked discontent among Bitcoin supporters, who criticized Musk and expressed their dissatisfaction with the Doge logo replacement on Twitter. "Dogecoin is not 'money for the people' as advertised by Elon Musk. Bitcoin is," tweeted Mark Harvey. Anita Posch, a Bitcoin author and educator, emphasized that the logo change was "too much." She said, "This is really getting too much. What a blunt advertisement for Dogecoin. I really loved Twitter, but since Elon is around everything is getting worse."

However, 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 totally anti-free market and pro-government regulation is confusing to me." Another individual questioned why people were getting so outraged, adding that "Elon Musk is clearly trolling." While Posch claimed that "many people will lose money" and that "it's totally irresponsible," others challenged the author's argument. The controversy has brought mixed reactions from the cryptocurrency community, with some expressing discontent and others opposing the opposition and labeling it as anti-free market. The debate continues on social media, with no clear resolution in sight.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

Other articles
Copyright © 2022-2023 FAMEEX.COM All Rights Reserved
FameEX APPMobile trading, anytime, anywhere