After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin proponents expressed distaste for the logo change, and a few insisted that Elon Musk was promoting “unregistered securities” by making the change.
Doge Logo Change Has Upset a Handful of Bitcoiners, While Others Oppose the Discontent
On April 3, 2023, the Twitter logo was changed to a cartoon image of the popular meme of the Shiba Inu Doge, and the reason for the change is unclear. While the image is simply a cartoon picture of Doge, it has been directly associated with the cryptocurrency meme asset dogecoin (DOGE). Some even speculated that Twitter’s owner, Elon Musk, swapped the logo for the Doge meme to troll against a recent multibillion-dollar lawsuit against him that claims his tweets artificially inflate the price of DOGE.
Meanwhile, mainstream media publications like Mashable attempted to downplay the Twitter logo change by calling it “corporate cringe” and insisting that the internet “reacted by laughing at (not with) Elon Musk.” Additionally, a number of bitcoin advocates tweeted their opposition to the logo change and criticized Musk for not highlighting the leading cryptocurrency BTC. One individual wrote, “Pumping centralized unregistered securities again, [Elon Musk]?” Another person opined that “Dogecoin needs Elon Musk to win. Bitcoin needs nobody. That’s why we will win.”
Elon’s dumb little Doge stunt is absolutely worth it for all the seething it’s caused among salty Bitcoin maximalists.
“uNrEgIsTeReD sEcUrItY” ok BitKaren 😏
— Joel Valenzuela (@TheDesertLynx) April 3, 2023
After the logo was changed, Twitter was filled with posts from bitcoin supporters who were dissatisfied with the Doge logo replacement. “Dogecoin is not ‘money for the people’ as advertised by Elon Musk. Bitcoin is,” tweeted Mark Harvey. “This is due to block size. In a hypothetical world where both blockchains are fully adopted (all blocks completely full of transactions), dogecoin would be significantly more centralized than bitcoin,” Harvey claimed. Bitcoin author and educator Anita Posch emphasized that the logo change was “too much.”
“This is really getting too much,” Posch said. “What a blunt advertisement for Dogecoin. I really loved Twitter, but since Elon is…
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