Parent is using inflation of fiat as an argument for crypto which doesn't apply to Dogecoin. It doesn't matter to me if the mascot for a coin is a literal butthole.
All that matters is that it fills a need and keep growing. I am thinking of getting back in crypto, because I see a very bright future for DOGE as a 3rd coin: BTC for store of value, ETH for ??something?? (smart contracts), and a 3rd one as an medium of exchange not tethered to fiat.
I do not buy the argument of USDT or something stuck to fiat as a modern MOE. XRP had a half believable story (if used for international remittance).
Now LTC/BCH/DOGE are fighting for the same spot.
> It doesn't matter to me if the mascot for a coin is a literal butthole.
Even if I'm pro crypto, /r/Buttcoin is my favorite place online . I never start a day without reading buttcoin, for the quality of the various analysis, as opposed to the "it's just tulips and beanie babies" I get from HN
Store of value is a meme invented by influencers on Twitter. They did a damn good job too.
No coiners as usual seem to ignore that Yens or Euros (or even gold bars!) can't be used as cash in the US.
To all the people complaining they can't use BTC as cash to buy food or clothes: give me just 1/10 of a bitcoin (or 5000 Euros or ...) and I will give you food (a good meal!) and clothes (I'll even throw in free shoes!)
The same offer applies for a gold bar!
Yen and Euros can be used as cash in Japan and the Eurozone, though.
And, yeah, gold bars mostly aren’t money, either (there was a time when that may have been different, but...)
[1] https://companiesmarketcap.com/assets-by-market-cap
[2] https://www.lopp.net/m1/rank.html
[3] https://finance.yahoo.com/news/bitcoin-becomes-best-performi...