Elon Musk – the South African entrepreneur behind very successful companies like electric car companies Tesla and SpaceX – is back in the news promoting his favorite cryptocurrency, Dogecoin. While the man has consistently made a name for himself in the world of Bitcoin and has even bought the world’s largest digital asset by market capitalization worth 1.5 billion US dollars in recent months, Musk is once again devoting his attention to the joke cryptocurrency a cute little Shiba Inu dog as a mascot.
Elon Musk and his constant drive for doges
In a recent tweet, Musk commented that he would send a Dogecoin to the “literal moon,” which means that he would take one of his SpaceX rockets and fly a literal Doge to the celestial body and let it there. Of course, everyone felt it might have been an April Fool’s Day given the day the tweet hit the internet, but for those of us who know Musk and his crypto antics on a stronger level, we can’t help it than feeling like this is something he really wants to do it.
Obviously, it would be quite difficult to accomplish such a feat. The first big problem with this scenario is that Dogecoin is a digital currency and therefore doesn’t exist in physical form – just in binary numbers and code. If Musk doesn’t mean he plans to buy Doge and print it out on a paper wallet, then fly the paper wallet to the moon and leave it there, it is unlikely that he can ever leave a Dogecoin on Earth’s closest neighbor’s lunar surface .
But who knows what could happen in a few years? As cryptocurrencies become more general and legitimate, maybe someone somewhere will find a way to duplicate all of those currencies and create physical forms for everyone – Bitcoin, Ethereum, etc. From there we can trade these assets and use them as we do would paper money.
The Twitter message read:
SpaceX will put a literal Dogecoin on the literal moon.
CNBC reporter Michael Sheetz was quick to respond to the tweet and was one of the few who didn’t doubt Musk’s words. He commented:
I know it’s April Fool’s Day, but for a second question I don’t know that’s what he meant. After all, SpaceX’s first payload to orbit and back was a cheese wheel.
Could this be done?
Even so, the cheese did exist in physical form, so again this could be an issue Musk hadn’t considered at the time of his last tweet. In the long run, Musk has recognized in the past that he jokes about Doge and other forms of crypto, and that people shouldn’t take him too seriously. He said:
I’m kidding about Dogecoin, but they are really meant as jokes.