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Dogecoin for Dummies


Yep. It's for Dummies.

Tim Fries of the Tokenist at token.com wrote a great article a few months back.  Check it out at: https://tokenist.com/dogecoin-trades-above-0-54-but-will-never-be-a-viable-asset/

The remainder of my post will be a ranting on the stupidity of Doge.

I applaud all that have made insane returns on their Doge, but this is all an embarrassment for the entire Crypto space.  Please, idiots.  Please, please stop and go back to spending your days in the fluorescent glow of Walmart lighting.  While wandering the aisles you can still use the Robinhood app to buy something that you'll never own and be susceptible to one of those 51% attacks.

Is that Musk guy just making an incredible joke at the expense of the unwitting crypto "investor"? 

Cuban said that he has little more than what has been paid to the store for his NBA team.  I assume these are the same patrons of the aforementioned Walmart in that locale.  The billionaire has just a few thousand dollars worth of Doge.  He's stated that the team has received more in Doge than BTC.  I'm sure it's because all of the buyers are sensible that they have Doge to spend other than BTC. 

I imagine that Buffet, Gates, and even the ludicrously worshipped Musk own very little in NBA apparel.  Maybe fast food restaurants will soon accept Doge so that it actually has some practical application. 

  

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I've been sampling and buying various Crypto over the last year and I'm excited for the opportunity to learn and share this experience.

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