# Dogecoin
A [memecoin](memecoin.md) [cryptoasset](cryptoasset.md) based on a joke about the Shibu variety of dogs. 

Dogecoin is part of a larger class of investments based around a collective dog theme.

## Properties

Dogecoin is not a [currency](currency.md).

Dogecoin is a [speculative](speculation.md) investment. 

Dogecoin is [deflationary](deflationary.md).

Dogecoin is a [bearer instrument](bearer-instrument.md).

Dogecoin has no [fundamental value](fundamental-value.md).

Dogecoin has no [use value](use-value.md).

Dogecoin has no [income-cashflows](income-cashflows.md).

Dogecoin has a [present-value](present-value.md) of zero.

Dogecoin has a [terminal-value](terminal-value.md) of zero.

Dogecoin is a [greater-fool theory](greater-fool-theory.md) asset.

Dogecoin is a form of [gambling](gambling.md).

Dogecoin is a [non-productive](productive-asset.md) investment.

Dogecoin has a negative [expected return](expected-return.md).

Dogecoin is based on the [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).

## References
1. Warzel, Charlie. 2021. ‘The Absurdity Is the Point’. Substack newsletter. Galaxy Brain (blog). 11 May 2021. https://warzel.substack.com/p/the-absurdity-is-the-point.
1. Gerard, David. n.d. ‘Confused About Dogecoin? Here’s How It (Doesn’t) Work.’ Foreign Policy (blog). Accessed 3 March 2022. https://foreignpolicy.com/2021/02/11/dogecoin-how-does-it-work-elon-musk-cryptocurrency/.
1. Maddox, Alexia, and Luke J Heemsbergen. 2021. ‘Digging in Crypto-Communities’ Future-Making: From Dark to Doge’. M/C Journal 24 (2 SE-). https://doi.org/10.5204/mcj.2755.
1. Becker, Moritz. 2019. ‘Blockchain and the Promise (s) of Decentralisation : A Sociological Investigation of the Sociotechnical Imaginaries of Blockchain’. In Proceedings of the STS Conference Graz 2019, 6–30. https://doi.org/10.3217/978-3-85125-668-0-02.
1. Groos, Jan. 2021. ‘Crypto Politics: Notes on Sociotechnical Imaginaries of Governance in Blockchain Based Technologies’. In Data Loam, 1:148–70. https://doi.org/10.1515/9783110697841-009.
 1. Lustig, Caitlin. 2019. ‘Intersecting Imaginaries: Visions of Decentralized Autonomous Systems’. Proceedings of the ACM on Human-Computer Interaction 3 (CSCW). https://doi.org/10.1145/3359312.
1. West, Sarah Myers. 2018. ‘Cryptographic Imaginaries and the Networked Public’. Internet Policy Review 7 (2): 1–16. https://doi.org/10.14763/2018.2.792.