Elon Musk fans believe he can make Dogecoin the currency of Earth
arstechnica.com
arstechnica.com
Does that mean he lacked critical thinking skills? I would say no. It means his priorities don’t align with the public at large. If anything people who support Elon potentially lack system thinking stills but I think many of them are thinking critically about what’s directly important to them.
I'm starting to diversify into it as a hedge against the collapse of the US dollar. Definitely not all-in though.
I'm anti-fasicist today, but I wonder if I'd be a Muskovite had TradeHill not kept 'my' bitcoins when it closed in the early 2010s.
The only cryptocurrency I've ever personally "owned" was acquired when Roger Ver tipped me a very small amount of bitcoin because when he asked a very stupid question on Reddit and I anonymously answered. I didn't do anything with it.
The question was about gambling. He pretty much asked, "Can't I just put money both sides of the bet and come out on top regardless of outcome?" This anecdote also aligns to "people who are all-in on crypto might lack critical thinking skills."
My understanding is that it's from the original doge meme wave and was responsible for the dogeification of Musk.
It seems like a FOSS community project that started as a meme and snowballed into a 2nd tier coin. It doesnt smell very musky to me.
After that he lost interest (the dump part).