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Mark Cuban: 95% Of My Customers Use Doge!


Here’s one for The Doge Army!

Mark Cuban says that DOGE is the money of the people, and he points to the fact that his customers are given the option to pay in any crypto they like, yet 95% of those crypto transactions are paid in Dogecoin.

He also points out that we can talk technicals and hash rates all day, but the fact remains that people are choosing to use DOGE by a pretty wide margin.

Popular demand is all that matters at the end of the day right?

That’s what Mark Cuban seems to be alluding to in this tweet:

Cuban contrasted DOGE as a medium of exchange, while classifying Bitcoin as a store of value as reported by U Today:

In the course of the Twitter discussion, Cuban insisted that Bitcoin is only a store of value (largely thanks to the fixed supply limit) but “BTC will always struggle to be a currency”. He also wrote that a massive concentration of Bitcoin in the hands of whales can be bad for BTC as these entities or individuals can act like a Central Bank and start controlling or/and manipulating the market.

“With BTC you have too much concentration of wealth with whales. They can act like a Central Bank controlling how and where BTC is available and create deflation/inflation by how much they buy, how much they spend, how much they pay and what they spend it on.”

Cuban’s comments were also showcased by CNBC:

Though dogecoin was created as a joke and its creators never intended for it to be taken seriously, Cuban says it has a unique use case over other cryptocurrencies.

“It’s a medium that can be used for the acquisition of goods and services,” Cuban tells CNBC Make It. “The community for doge is the strongest when it comes to using it as a medium of exchange.”

In April, Cuban tweeted that dogecoin is the “one coin” that people actually use for transactions, though he has previously said that ether is used as digital currency too.

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