I’ll be turning up the heat so that Vlad knows we mean business.
In the fireside discussion, Vlad said that “The Dogecoin community has really embraced Robinhood.”
He’s right - Robinhood is almost certainly the top Dogecoin wallet holding around 28% of all the Dogecoin in circulation.
Robinhood doesn’t allow crypto withdrawals, so Robinhood is in control of the majority of the Dogecoin, creating a centralization problem that can only be solved if Robinhood allows its customers to withdraw their coins from the platform.
For Dogecoin to work as a currency, folks need to be able to spend it.
This is one of the leading problems facing Dogecoin, and Robinhood as an essential role to play in the solution.
Furthermore, distributing wallets would appease Elon’s ultimatum
, allowing Elon to throw his “full support” behind Dogecoin.