Software King: This Altcoin Scam Backed by Elon Musk!

Dan O'Dowd, executive director of a California-based technology company, targeted altcoin Dogecoin (DOGE) in a recent tweet.
 Software King: This Altcoin Scam Backed by Elon Musk!
READING NOW Software King: This Altcoin Scam Backed by Elon Musk!

Dan O’Dowd, director of a California-based technology company, targeted Dogecoin (DOGE) in a recent tweet. He described the altcoin project as a “scam” sponsored by Elon Musk. Here are the details…

Elon Musk is once again the target of criticism with his support for altcoin DOGE

O’Dowd has called Dogecoin a “hoax”, as is Elon Musk’s “solar roofs, robotaxis, Cybertruck, Optimus humanoid robot, and other inventions like Tesla.” O’Dowd gained media attention after a US Senate campaign that ostensibly focused on one issue. The sole purpose of the campaign was to ban Tesla’s self-driving vehicles. The CEO of Green Hills Software has self-funded a series of campaign ads targeting the largest e-car manufacturer. O’Dowd won just 1.1 percent of the vote, losing the election to Senator Alex Padilla. But the campaign to hold Musk accountable did not end there.

Dawn Project, the tech giant’s group focused on safe tech advocacy, recently released a safety test that showed a Tesla car crashed into a child-sized dummy several times. O’Dowd claims that Tesla’s technology poses a threat to “all Americans.” Tesla fans retorted, claiming that in the final crash test, the FSD technology was never activated during the crash. Musk harshly criticized the media for reporting on the “hoax video”. O’Dowd defended the test, claiming that the raw video he posted clearly showed that FSD had undergone multiple tests.

Musk was sued over DOGE

Meanwhile, in mid-June, Elon Musk faced a $258 billion lawsuit in which he promoted Dogecoin. As we reported as Kriptokoin.com, those who filed the lawsuit argue that DOGE is a ponzi scam. He thinks that Musk also supports such a scheme. The richest person in the world continues to support the meme coin despite the price correction. Apart from that, DOGE co-founder Jackson Palmer also says that the meme coin is not a scam in itself.

On the other hand, support for DOGE continues to be provided by many celebrities. The most recent example of these was the billionaire name Mark Cuban. Cuban, the owner of the NBA team Dallas Mavericks and a judge on the program called Shark Tank, defended the use case of DOGE. The celebrity claimed in an interview that DOGE even surpassed Cardano in its use case. Moreover, Cuban stated that Dogecoin has a market cap of $9.3 billion and Shiba Inu has a market cap of $6.7 billion. While explaining that this situation is “warped”, he said that the problem with this is not just an issue with Cardano.

Comments
Leave a Comment

Details
218 read
okunma17086
0 comments