1.0 KiB
1.0 KiB
Dogecoin
A memecoin cryptoasset 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.
Dogecoin is a speculative investment.
Dogecoin is deflationary.
Dogecoin is a bearer instrument.
Dogecoin has no fundamental value.
Dogecoin has no use value.
Dogecoin has no income-cashflows.
Dogecoin has a present-value of zero.
Dogecoin has a terminal-value of zero.
Dogecoin is a greater-fool theory asset.
Dogecoin is a form of gambling.
Dogecoin is a non-productive investment.
Dogecoin has a negative expected return.
Dogecoin is based on the consensus algorithm known as Proof of Work mining.