Dogecoin may as well be called Eloncoin, now; the value tracks his tweets about it.
A practically-infinite cap and always-easy mining? It's designed to rapidly deflate in value. _That's the joke_. And yet it bubbles.
A practically-infinite cap and always-easy mining? It's designed to rapidly deflate in value. _That's the joke_. And yet it bubbles.
Probably got on the market before the BTC/Tesla announcement and then pumped it, then thew DOGE in the for the memes and then Tesla announces that BTC consumes too much energy and that are looking out for a greener alternative. ETH is switching to PoS. At this point, he is probably slowly filling bags of ETH and gonna pump as soon as PoW on ETH ends. Expect a series of excited twits from Elon then
As soon as Tesla stated that btc was bad for the environment it was clear they'd be leaping on eth in the future.
What's the actual timeframe for that move?
https://www.dextools.io/app/uniswap/pair-explorer/0x7b736449...
It also can handle higher transaction volume with cheaper fees.
I don't think it'd be a good currency, but it's funny to compare it with bitcoin which was marketed as such but is totally a failure for that use case.
If it is inflationary like doge you have the incentive to spend it instead of hoard it.