Dogecoin Interview: What is it like to work with Elon Musk?

It was almost midnight on a quiet Thursday in London last week. Software engineer and part-time Dogecoin developer Ross Nicoll was putting on his pajamas and getting ready for bed when his feeds suddenly came alive. Elon Musk, arguably the most influential person on Twitter (on Crypto Twitter, of course), tweeted about Nicoll and three other core developers responsible for the Dogecoin blockchain. "We are working with the Doge developers to improve the transaction efficiency of the system," said the Tesla and SpaceX founder. "It could be very promising." "I'm stunned," Nicoll told Decrypt in a Zoom video the next day. "He never told us he was going to do it." Since Musk came into his life two years ago, Nicoll feels as if the story of the surreal sci-fi drama "Black Mirror" happened to him, his excitement beyond words. Musk’s eagerness to make Dogecoin the world’s most widely used cryptocurrency is clear. In the eyes of the outside world, until last week, Musk was the savior of the bitcoin world. After Tesla bought bitcoin for $1.5 billion earlier this year, he became able to push the world's first cryptocurrency to a real launch. to mainstream people. Of course, Musk also likes to talk about Dogecoin on Twitter. But just for fun, I hope so. At least, that's what Bitcoin proponents and many in the industry tell themselves. Even Musk himself said that his Dogecoin tweet was "just a joke." Dogecoin founder: Encrypted spam bots have been stopped: On October 1, Dogecoin founder Billy Markus used Twitter again. He said that he noticed that the number of spam bots had decreased and wondered if Twitter had stopped. Take any steps to resolve this issue. "Cryptocurrencies are down so badly that even bots are getting out," says Boardroom Capital's founder. It was previously reported that Pranay Pathole, a user in the encryption community, proposed to Elon Musk that the problem of encrypted spam robots on Twitter needs to be solved, because these robot programs are really annoying and suggested improving the Twitter verification system. Elon Musk said that it is true, and this is also the most annoying question on Twitter that he personally finds. [2022/10/1 22:44:03] However, last week, the former Bitcoin anti-handsman and the helm of Tesla, in an Alice in Wonderland style that only Musk can plan In the fairy tales, turn around gorgeously. He announced that while Tesla will continue to hold Bitcoin, it will no longer accept Bitcoin as a means of payment due to environmental concerns and that he is looking for more environmentally friendly alternatives. The move caused bitcoin to plummet 30 percent over the past week. "We were taken aback by his announcement that he was ditching bitcoin," Nicole said. "But I'm really curious, what's going to happen?" Musk's involvement in the Dogecoin project has been a secret until now, even though his tweets have seen Dogecoin surge 10,000% since 2021. V God suggested that Dogecoin and Ethereum should cooperate to improve scalability: Ethereum co-founder Vitalik Buterin said in Lex Fridman's podcast: He likes Dogecoin and recommends Meme tokens including Dogecoin and Ethereum Square reached a cooperation to improve its scalability. Vitalik Buterin believes that the main challenge for Dogecoin to improve scalability is that only increasing the parameters without doing anything else will make it more difficult for people to verify the chain. And the blockchain may become centralized. "If Doge wanted to connect to Ethereum somehow, and then people could do thousands of transactions per second, that would be amazing. If they just wanted to do a zkRollup type of technology, and only do it on their own chain Thousands of transactions per second, that would also be a good result.” He also said that having a secure Doge-to-Ethereum bridge would be “amazing.” [2021/6/5 23:14:59] Musk first mentioned this project on Twitter in 2019, when he was invited to be the honorary CEO of Dogecoin and accepted the role, and the community is After the coin's founder abandoned it in 2015, he was mostly depressed. Since then, five of Dogecoin's developers, Nicoll, Michi Lumin, Max Keller, Patrick Lodder, and "Sporklin" (who sadly died of cancer in April) have been working on the open-source project in their spare time. Musk proposed that Tesla will accept Dogecoin as payment for voting, and nearly 800,000 people have expressed their support: On the afternoon of May 11, Tesla CEO Musk launched a vote on Twitter, asking netizens whether they want Tesla Pull supports Dogecoin payment. Tesla’s U.S. official website is already available for bitcoin payments. Musk previously said that later this year, bitcoin payments outside the United States will be accepted. As of press time, more than 1.05 million people have voted, and 77.3% of users expressed their support for Tesla to accept Dogecoin as payment. [2021/5/11 21:49:08] Before Musk tweeted, few people in cryptocurrency knew that the Tesla CEO took advantage of the "Dogecoin Honorary CEO" to start in his I sent a private message to the developers on my private Twitter account offering to volunteer to fund them (an offer the developers politely declined), but the seeds have germinated and now have the potential to upend the cryptocurrency industry. Musk "messages from time to time," Nicoll said. Whenever he does, it sends developers into "ecstasy". Decrypt learned in a public profile that Dogecoin developers rejected funding from Elon Musk, but hoped that Musk would make Dogecoin a greener and cheaper alternative to Bitcoin. Many have asked how it is possible for Musk not to see the absurdity of Dogecoin, a currency that started out as a joke, running on rudimentary borrowed code, and has had no development on GitHub for years. Critics of Dogecoin point out that the GitHub page is so deserted that it is really doubtful that there are any real Dogecoin developers. Nicoll’s response was that he didn’t think it made sense to “work hard just for the sake of hard development,” especially when Dogecoin’s upgrade could take up to 18 months to be adopted by the network. So why do developers do frequent upgrades? It doesn't make sense at all. Dogecoin co-founder launched Dogecoin card NFT on Foundation: On May 6, Dogecoin (Dogecoin) co-founder Billy Marcus tweeted that the first version of Dogecoin card NFT has opened for auction. It is understood that Marcus and his friend Laura Shigihara have minted these card NFTs on the NFT platform Foundation. According to the official website, there are 8 cards in the auction, and the highest priced one is called "The Billionaire Doge", with a transaction price of 24.70 ETH. [2021/5/6 21:27:33] The most absurd and incredible Dogecoin surge that happened on April Fool's Day seems to be very compatible with this joke cryptocurrency. Earlier this year, Dogecoin sales in China reached 1 billion. Nicoll joined the cryptocurrency industry after working in academia for 10 years, focusing on application development. Until recently, he led the technical development of smart contracts for the enterprise blockchain project R3, working closely with commercial banks. He also had a brief stint working on NFT project CryptoKitties. His approach reflects his background in commercial blockchain development, releasing new upgrades every three months, as some blockchain projects do, is indeed somewhat wasteful. "We're not the kind of developers who just want to raise a lot of money and get rich overnight," he said. "We're not trying to reinvent technology that 3,000 other blockchains have already reinvented. I really don't understand what the rationale is for that?" Dogecoin is modeled after Bitcoin, but like Litecoin, it uses a different code, Scrypt, It's less energy-intensive and more in line with Musk's new, greener social media stance on cryptocurrencies. News | The Dogecoin team is preparing to list Dogecoin on the Coinbase exchange: According to Cryptorecorder, Ross Nicoll, a core member of the Dogecoin team, said in a recent interview that the team is submitting an application to the Coinbase exchange and is preparing to list Dogecoin Coinbase exchange. [2018/10/10] The network does currently have "performance issues with network synchronization", which Nicoll says will be remedied in an upcoming upgrade designed to lay the groundwork for many sweeping transformations to come, some of which The change was encouraged by Musk. Nicoll, who comes across as chatty and down-to-earth, won’t reveal too much about his conversations with Musk, but is open about Musk’s main goal: making Dogecoin cheap enough to buy a cup of coffee. "Elon obviously has a background in payment processing," Nicole said. "We're taking his advice and seeing what that would look like." Based on his knowledge as the founder of PayPal, Musk gave developers a lot of advice on how to turn Dogecoin from a joke into a real utility tool . "I can honestly say that he improved the transaction throughput issue dramatically," Nicoll said. "He went straight to the end goal," Nicoll noted. "He's back to buying coffee, and we're saying, 'Your idea is great, but we need to map out a path from A to Z, so that's not the next step.' So we're nowhere near really Announcing plans for this is far away." The developers and Musk also discussed ways to reduce Dogecoin's carbon footprint, which they are "still evaluating." There is still "a lot of modeling" to do before big decisions can be made, Nicoll said. While Musk's plan has developers excited, Nicoll said they need to address more real-world problems in the network first. But the Dogecoin development team is still optimistic that with Musk on board, they can further reduce the cryptocurrency's energy consumption problem, which according to an estimate on Thursday puts Dogecoin's energy consumption at just 7 percent of Bitcoin's. “As the market for Dogecoin heats up, Nicoll says interest in developing the coin has gone through the roof,” he said. “We’re seeing a ton of developers jumping in and working on it now. It’s interesting that other developers Vendors are starting to call themselves "core teams," like a company that popped up in New York recently. But it's exciting, and I hope to see more development teams jump into this space and do something together." So far, People working on Dogecoin development are basically part-timers. "I coded Dogecoin from my kitchen table," Nicoll said, "I would love to see more projects pop up and it would make sense for more people to work full-time in this space. But that wouldn't be Me." Dogecoin said, anyway, Dogecoin does not need a senior technical director. "We need a lot of people coding on site, we need someone who's more of a CTO, and I'm neither." Crucially, he could get a better salary outside the blockchain space, though he declined Disclose the location. He also questioned how a project can claim to be fully decentralized if it relies on a small number of core contributors. "We want to have 100 or 200 or 1,000 small contributors on top of three or four major contributors, and that's decentralization," he said. "They looked at us like we were nuts, but it made sense to me." With this goal in mind, Nicoll has been live-streaming his coding efforts on Twitch to train the next generation of Dogecoin developers. Nicoll would love to see developers working on projects like the long-awaited "Dogethereum bridge," as well as decentralized finance (DeFi) projects bringing smart contracts to DOGE. And, since the price of DOGE is very healthy, the development team has plenty of money in their coffers. The core team "is currently building a framework and guidelines, but there are still considerations to be made at scale and how they will be used," Nicoll said. But after rejecting funding from Musk and other wealthy potential investors (Nicoll would not name them, but said they turned down funding to avoid beholden to someone), they felt it was important to lay down the specifics of their funding needs. Before planning, further financing does not make sense. A month before Nicoll started his new job, he was laying the groundwork for Dogecoin’s 1.21 upgrade, the biggest upgrade since 2019 and the foundation for all future changes. The upgrade is based on Bitcoin, and Nicoll credits the core developers of Bitcoin 0.21 for the work. "We're really trying to get as close to bitcoin as possible, so it's just too practical," he said. Tesla and SpaceX CEO Elon Musk continued to point fingers on Twitter. Responding to a tweet that compared Bitcoin to Dogecoin, he said the memecoin would beat Bitcoin if there were major changes to the network. Following the upgrade, the team’s next goal is to cut transaction fees from the current average of $0.4 to $0.01. "The community will have a negotiation with the miners. We have to convince them that it's healthy for the network to do so," Nicoll said. "From an end-user perspective, sync speed is what matters," he explained.

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