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347

Remember the big public naming even they held for the new science vessel in England? The winner by a mile was Boaty Mc Boatface. It made world headlines, people loved it. Then the stupid ass pretentious people in charge of it decided not to go with the runaway public favorite and name it sir something or other. I’ll bet less than 1% of anyone in England knows it name, but they ALL KNOW boaty mc boat face. They missed their chance at massive lifetime publicity and public funding... idiots.

So now enter Dogecoin. Yes it was a joke on bitcoin. Yes it has a cult following. Yes it’s abandoned as a project and it simply exists out there and has taken on a life of its own. But that’s it’s point. It’s not controlled by anyone, it’s not pretentious or lofty. It’s the people’s common coin.

I think, because it exists in a state of freedom, it might be the first one to truly qualify as a currency. Also, it’s value and availability is better. Nobody wants to spend a whole paycheck on .00002 bitcoin...

Personally if we had to pick a new world currency, we could do much worse, like anything tied to a government...

Remember the big public naming even they held for the new science vessel in England? The winner by a mile was Boaty Mc Boatface. It made world headlines, people loved it. Then the stupid ass pretentious people in charge of it decided not to go with the runaway public favorite and name it sir something or other. I’ll bet less than 1% of anyone in England knows it name, but they ALL KNOW boaty mc boat face. They missed their chance at massive lifetime publicity and public funding... idiots. So now enter Dogecoin. Yes it was a joke on bitcoin. Yes it has a cult following. Yes it’s abandoned as a project and it simply exists out there and has taken on a life of its own. But that’s it’s point. It’s not controlled by anyone, it’s not pretentious or lofty. It’s the people’s common coin. I think, because it exists in a state of freedom, it might be the first one to truly qualify as a currency. Also, it’s value and availability is better. Nobody wants to spend a whole paycheck on .00002 bitcoin... Personally if we had to pick a new world currency, we could do much worse, like anything tied to a government...

(post is archived)

[–] [deleted] • 0 pt

Boaty McBoatface was named after David Attenborough. Everyone knows who that is. Not as funny as Boaty McBoatface, I agree, but it's a good compromise.

As for spending all your money on a couple of Satoshis... THAT'S HOW YOU KNOW IT'S WORKING! Your dumb ass was too stupid to buy when the cement was still wet. So, if you were wrong about that, then why should we care about anything else you have to say?

[–] • 1 pt

You assume to think I was wrong... funny. I started my crypto portfolio in 2014, mostly I’ve ignored it since then and that’s worked out for me.

I don’t think bitcoin has had its very bad day yet, it will. Too much big money in it from far away lands, they move hundreds of billions in or out on rumors and superstition. In the end, the natural universe will put a stop to all the fun and games with the end of electronics. At that point, if you haven’t used your magic internet money to buy a good sized farm your days are going to be short.

In the end none of it matters, we all die. Have fun with it while you’re here.

[–] [deleted] • 0 pt

Dogecoin is like the seventh highest market cap at the moment which is hilarious to me. I see no harm in it although I would advise anyone interested in buying it to wait a few months because it's practically a guarantee that it's price will tank in the not too distant future.

[–] • 0 pt

It's shit as a currency though because it has no cap on supply. It will constantly inflate, eventually to the point of hyperinflation and losing massive amounts of value.

[–] • 0 pt

Why do you think that’s bad? It has to be inflationary to keep up with worldwide demand increase, also as payment for keeping its network up. This is balanced by mining difficulty adjustment. It doesn’t inflate overnight, rather slowly. Mine have never lost value, they have wildly multiplied in fact.

Looking at the price, it’s still over .30, I’ll bet we see a dollar by this fall and who knows after that. I told people to get in on it when it was .002 cents.

[–] • 0 pt

Why do you think that’s bad?

For the same reason it was bad in Zimbabwe and Weimar Republic.

[–] • 0 pt

Good lord man, runaway hyperinflation and what Dogecoin is are totally different ball games. Zimbabwe was doubling weekly or daily sometimes, Dogecoin only gains a tiny bit daily. US dollar is at roughly 10% a year, but this year hit 20% in the first three months.

Have any dollars? They printed more money in the last year than decades combined, it’s completely out of control.