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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...

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[–] • 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.