Robinhood CEO Calls DOGE ‘Currency of the Internet’; Sparks Debate

In a series of tweets, Robinhood CEO Vladimir Tenev explained how the original memecoin — Dogecoin — can be the ‘future of the currency of the internet’. This, in turn, gathered mixed reactions from crypto Twitter.

For context, the Bulgarian-American CEO talked in great detail about the necessary enhancements to make Dogecoin an effective asset for daily transactions on the internet.

A quick recap: Tenev began by sharing how transaction fees should be ‘vanishingly small’. Similarly, with the altcoin having $0.003, the Robinhood executive declares that Dogecoin is off to a great start.

Furthermore, Tenev drew attention to block size and block time as key areas of improvement if his hypothesis was to be realized.

Moreover, Dogecoin supporters immediately embraced the thought by replying positively to Tenev’s statement. This includes well-known Dogecoin influencer Matt Wallace who has a significant following of 582.2K. Wallace tweeted, “Dogecoin is the future currency of earth! :)”

On the other hand, a lot of crypto Twitter netizens showed their dismay towards the CEO’s thread. One of them is Brandon Quittem, who is an open Bitcoin advocate. With 36.7K followers, he remarks:

It appears you’ve spent about 2 hours on this topic. I recommend spending 2 minutes researching the lightning network and then deleting this embarrassing take.

Meanwhile, the Robinhood CEO’s tweet thread was published a couple of hours after Jackson Palmer, the creator of Dogecoin, slammed ‘Dogecoin Father’ Elon Musk with his “potential hostile takeover” of Twitter.