34 lines
1.0 KiB
Markdown
34 lines
1.0 KiB
Markdown
# Dogecoin
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A [memecoin](memecoin.md) [cryptoasset](cryptoasset.md) based on a joke about the Shibu variety of dogs.
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Dogecoin is part of a larger class of investments based around a collective dog theme.
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## Properties
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Dogecoin is not a [currency](currency.md).
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Dogecoin is a [speculative](speculation.md) investment.
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Dogecoin is [deflationary](deflationary.md).
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Dogecoin is a [bearer instrument](bearer-instrument.md).
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Dogecoin has no [fundamental value](fundamental-value.md).
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Dogecoin has no [use value](use-value.md).
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Dogecoin has no [income-cashflows](income-cashflows.md).
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Dogecoin has a [present-value](present-value.md) of zero.
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Dogecoin has a [terminal-value](terminal-value.md) of zero.
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Dogecoin is a [greater-fool theory](greater-fool-theory.md) asset.
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Dogecoin is a form of [gambling](gambling.md).
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Dogecoin is a [non-productive](productive-asset.md) investment.
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Dogecoin has a negative [expected return](expected-return.md).
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Dogecoin is based on the [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). |