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Comment by arcticbull | Hacker News Reader

It's a mirror for the crypto community. All the same arguments they make for the supremacy of Bitcoin are actually better made with Doge.

- Doge is the best performing asset class of the last decade.

- Doge is the best performing asset class of all time.

- Doge has lower transaction fees ($1.24 vs $20).

- Doge has 10x as many blocks, so much more capacity.

- Doge transactions are much faster.

- Doge has a dog on it.

Frankly it's better in every way than Bitcoin and this makes the maxis very sweaty. It's making them scared for their paper windfalls.

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How is Dogecoin better performing than Bitcoin, even on a decade timescale?

BTC was $1 in 2011, so 50,000% gain in a decade.

Definitely not better performing of all time, as before 2011 Bitcoin was also worth pennies at various points (just like DOGE). Except now BTC is worth $50k and DOGE is worth $0.30.

Since it came later you can set the Doge price in 2011 to $0 and see in fact it was an infinite gain. It needn’t be around as long to be the best performing asset of all time. The fact ones worth $50K per unit and one $0.30 per unit is irrelevant because one has astronomically more units.

Yes, an asset that didn't exist yet was indeed $0 in 2011. But I'm sure we can agree that starting your measurement from 0 is obviously a silly way to look at this, as any non-worthless asset class invented in the last decade has therefore also experienced infinite growth by that standard, tying them all for first with DOGE.

With regards to "all time", DOGE has more units but its market cap is still lower than BTC (in fact its 5th best by market cap), so I remain confused as how it is the best performing asset class of all time.

In any case, ETH is better performing by all metrics compared to DOGE. Infinite performance since 2011 and a higher market cap.

While you are anti BTC, it seems to me you find some interest in DOGE.

Would you be willing to use it?

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