Dogecoin (DOGE) Discussion Thread

that guy

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The average person can’t mine and you can only invest in it like a commodity.

The anonymity factor is gone and miners are basically the 1%. Crypto is now just less regulated stock market. Blockchain technology is where it’s at not the coin.
You can do much more than invest and the mining problem is why crypto assets are moving towards proof of stake over proof of work. The anonymity factor is not gone.
 

that guy

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You’d be wrong because the dollar is protected by the weight of the US military.
It’s not protected by the military, it’s protected by the us economy. And it is a scam.

It’s lost over 70% of its value since its inception
There’s an unlimited supply
1% of people own 30% of all dollars
Loses more than 3% its value every year
Over 25% of all dollars ever printed was printed in the last 6 months and 40% of all dollars in existence right now was printed in the last year.

In crypto this is what we would call a shytcoin and a scam
 

that guy

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These coins are basically like stocks. You find a way to invest, make some money and then walk away with your earnings.

Too much money in crypto for it to just disappear like that.
They’re more than stocks. Investing in crypto technology now is like investing in the internet protocol layers in the 90’s.
 

that guy

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No crypto is literally just virtual currency and it or something like it will be the future


DOGE is a scam though fr
Cryptocurrency is virtual money. The technology behind the crypto is more than just currency. We’re talking about a layered protocol system. The same system aka the internet you’re using to post on this forum.
 

that guy

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I still haven’t found anyone that can tell me how Bitcoin is better than a 1950s check.
Well that 1950s check will only be worth a fraction of what it did back then today whereas if you would have invested in Bitcoin just a couple of years ago you would have 10x your money let alone 70 years from now.
 

karim

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I don't even understand most of these crypto's. like what retailer accepts dogecoin?
Part of the reason why crypto is bullshyt as a currency is it's extreme volatility. So even if it's accepted, people are not going to use it as a means of payment because they buy it expecting it to rise in value. Why would you buy a pizza today with something that could be worth twice as much tomorrow? And who is going to opperate a business based on accepting a currency that could be worth half as much tomorrow as it is today? It's a highly speculative asset, nothing more, nothing less.
 

that guy

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I mean.. I’m tryna learn the game.. but can anyone explain to me how they feel safe investing in something that isn’t regulated, or accounted for? (Aka the amount of coins available) Sounds like the mother of all scams. I can’t fukks with it..



.. and that’s prolly why I’ll never be filthy rich from it. :unimpressed:


Lucky for me.. $AMC takin me to the moon.. so I’m good. :mjgrin:
You use dollars for everything but literally 40 percent of ALL dollars ever existence was printed in the last 12 months. 25 percent of the entire supply in circulation was printed in the last 6 months. The dollar loses value literally every single year since it’s inception (over 70 percent) but that doesn’t sound like a scam to you??? You literally watch your dollar lose value every time you pay your rent/mortgage, gas up your car, buy groceries etc.

The supply of Bitcoin, however, is actually controlled. Theres an actual limit to how much Bitcoin there will ever be and the amount that is in circulation is actually controlled.
 
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