Don’t get burned with Dogecoin

Today on r/Dogecoin a user posted a video of himself: he sat in a chair, his head concealed by a pillow case, a black revolver pressed to his temple. He ranted about the lies surrounding Dogecoin and said he planned to kill himself. All I know is that he lived long enough to post the video. It was quickly removed by mods.

So, before you buy Dogecoin, you should know what you are getting. Here’s a short summary:

Dogecoin has a huge supply. 129 billion coins. 10,000 coins are mined per minute. That’s 14 million new coins added to the supply every day, which adds up to about 1 billion coins added every eighty days.

Bitcoin has a maximum supply of 21 million coins. So, Dogecoin mints more coins every two days than Bitcoin will ever have in circulation. That’s why doge will never be priced like Bitcoin. And, in fact, at about $9 per Dogecoin, Dogecoin would equal Bitcoin in value.

Dogecoin has no real ecosystem to make it valuable. It is not fast: 33 transactions per second. ETH 2.0 can handle 100,000 per second. So Dogecoin can’t serve as a currency. It seems to have minimum dev work. And it’s fueled by people who think they are getting into doge early. If you buy now, you are not. Dogecoin is not the future of anything.

With Dogecoin, you are buying hype.

And hype might push Dogecoin to 69 cents. Maybe to $1...but there is zero reason for doge to hold that value. In fact, at $1 per Dogecoin, with 1 billion coins added every 80 days, doge would need $1 billion in new investment every few months JUST TO MAINTAIN $1.00

Also, be aware that $129 billion (doge at $1) is a huge market cap. That’s the same value as STARBUCKS. And doge has almost zero use-case scenarios. Sure you can buy some Mavs merch. Maybe find some occasional doge fans that accept it as payment. But doge can’t scale to be a currency. It’s too slow.

Doge, frankly, is way overpriced right now. And Doge is going to have trouble maintaining it’s value due to its always-expanding supply. If the hype falls off just a bit—doge will fall, too. And twitter’s algorithm is heavily weighted against repeat trends. You might make money with doge, but it is far from guaranteed, and there is a fairly hard ceiling due to doge’s constant supply.

If you buy doge, you are buying hype and Elon Musk tweet energy and nothing else.

Be careful.

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She was in "jail" for trying to steal the other dog's food

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Duck Foot Massage

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Cursed Caillou

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I support killing feral cats in Australia. It's the right thing to do. Even if it means we're killing millions of cats, it's the right thing to do because the alternative means we lose our ecosystem.

In Australia, feral cats are cats that have been introduced to the ecosystem by humans. They're not domesticated so they breed and eat in the wild. Because they're also not native to the ecosystem, they're decimating native animals, especially small rodents and bird species. Feral cats are even bringing some native animals to extinction. That's the main reason why Aussies hunt and kill them.

As awful as it is to catch and kill a cat (and it's awful), protecting the native ecosystem takes highest priority and without a stable ecosystem there can be no wildlife in Australia. Period.

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Charlie Chaplin could get a lot of comedy out of sliding door. And all in one take.

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Match Thread: 10th Match - Royal Challengers Bangalore vs Kolkata Knight Riders

10th Match, Indian Premier League at Chennai

Spotlight | Cricinfo | Reddit-Stream | 🌤 🌤 🌤 ☁️ ☁️

Royal Challengers Bangalore109/3 (Ov 13.2/20)
Glenn Maxwell*6340157.5
AB de Villiers117157.14
Pat Cummins2.2230
Varun Chakravarthy3222
Recent : . 4 1 4 1 1 | W . . 1 2 3 | 1 1 1 1 1 . | 2 1

RCB chose to bat. CRR: 8.17

Send feedback | Schedule | Stat Help

Please don't post illegal streaming links in match threads

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oh no.. o_O

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Cooking with friends

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Hoomans watch TV series that has hoomans, so

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