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Elon Musk mentions Tesla’s ‘Dojo’ supercomputer in enigmatic Dogecoin tweet
A 3-word Twitter publish about Dogecoin from Elon Musk has sparked hypothesis about whether or not Tesla’s experimental supercomputer might help the meme-inspired cryptocurrency.
Crypto lovers on Reddit’s Dogecoin-focused discussion board began connecting the dots after Musk’s enigmatic Sunday afternoon tweet, which merely mentioned, “Dojo 4 Doge.”
Redditors recommended that he was referring to the highly effective “Dojo” laptop Tesla is construction to coach its artificial mind networks. Musk has indicated that the primary model of Dojo — which takes its nominate from a martial arts self-discipline — would breathe prepared towards the stop of this yr.
Musk didn’t difficult on what his tweet meant. But it however induced a quick spike in Dogecoin on Sunday earlier than the freight tanked Monday morning. The coin was just lately buying and selling at about 5.2 cents, down roughly 5.6 % from a day earlier, in accordance with CoinDesk.
While Tesla reportedly plans to make use of the pc in its efforts to construct self-driving automobiles, some Reddit customers claimed it might too help stabilize the budding Dogecoin market.
“Dojo runs AI algorithm that trades doge and distributes it to hold the charge point stable,” wrote one person posting below the nominate cilly28. “AI governed currency – welcome my son… to the machine!”
“AI can verify and process transactions. AI can recognize fraud in actual time. Efficiency, safety, and faith,” one other person, ElonMuskcounsel, wrote Monday. “Dojo is the key to making dogecoin the people’s coin.”
The publish was the newest occasion of Musk’s capability to strike Dogecoin. His embrace of the choice cryptocurrency has helped its worth explode by greater than 900 % this yr airplane although it began as a jest.
Dogecoin has apparently develop into a household trade for Musk — he mentioned he and his youngsters clique up some beefed-up house laptop rigs for “mining” the forex, the method of making contemporary cash by fixing difficult computational puzzles.
“It was fun,” Musk mentioned in a pair of Saturday tweets, including that he’d purchased the mining rigs on eBay. “Not really economic, but it was a fun family project.”