On the 12th of March, Tesla CEO Elon Musk stirred the digital currency sphere once again by sharing a satirical comparison of the U.S. Dollar to what was dubbed a “scam coin.”
The post, originating from a user on X (formerly Twitter), humorously juxtaposed the characteristics of the U.S. Dollar with those typically associated with dubious cryptocurrencies.
With pointed references to high circulation, centralized control, extensive minting, and skewed distribution, the post highlighted warning signs often indicative of poor design and potential manipulation within the cryptocurrency realm.
The tweet noted,
“These scam coins are getting crazy. One someone just shilled me: – 27 trillion in circulation – unlimited supply cap – only 1 node. 25% of supply minted in last 6 months. 1% of holders own 30%.”
The possibility of a ‘Twitter coin’
This not only drew attention to certain aspects but also underscored the ongoing discourse surrounding the legitimacy and sustainability of various digital assets.
The post didn’t hold back, revealing a punchline that hit home,
“jk that’s the US dollar.”
The Tesla CEO has made a similar comment last year as well. Musk, responded with “fiat currency” to a
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Author: Ishika Kumari
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