1.8 KiB
Dogecoin
A memecoin cryptoasset based on a joke about the Shibu variety of dogs.
Dogecoin is an example of a crypto asset with no political imaginaries, no currency narrative, no pretense of use-value, no fundamental-value, and no narrative economics whatsoever. it is a pure manifestation of the greater-fool-theory with an investment thesis rooted purely in financial nihilism.
Dogecoin is part of a larger class of nihilistic 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 a security.
Dogecoin is a bubble.
Dogecoin investing is a zero-sum game.
Dogecoin has a narrative economics based on financial-nihilism
Dogecoin shares a payout structure similar to a Ponzi scheme.
Dogecoin is based on an energy intensive consensus algorithm known as Proof of Work mining.