web3/concepts/dogecoin.md

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Dogecoin

A memecoin cryptoasset based on a joke about the Shibu Inu variety of dogs.

Dogecoin is an example of a crypto asset with no political imaginaries, no currency narrative, no pretension 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 money theme

See market-manipulation.