Dogecoin is the Pet Rock
Dogecoin was created as a literal joke. Now, the people who are investing in DOGE on the word and whim of Billionaires and social media, are indeed the joke. To reiterate, you are a joke if you are investing in DOGE. Beyond barbaric day-trading and small percentage bumps, no one is retiring off Dogecoin.
Let’s talk realistically. When it comes to the valuation of BTC versus DOGE, What is pushing the growth of Bitcoin? What is pushing the growth of Dogecoin? In the case of Bitcoin, institutional adoption is the driving force behind Bitcoin’s growth. Businesses, organizations, and governments are recognizing the legitimacy and applicability of Bitcoin and are accepting it as transactional currency amongst their communities. In contrast, what’s pushing the growth of Dogecoin, is social media hype. That’s it. There is no institutional adoption of DOGE. There is no utility or efficacy that ha...more
Who Needs Government When You've Got Blockchain??
Blockchain has made me an even more avid historian. I've found some deep-seated pleasure in gazing as far back into the past as i can while paralleling that with this amazing future i see riding on the wave of blockchain. I talk to people about the on-coming crash of the US Dollar. Most people understandably can't wrap their heads around it. It's the monetary system my great-grandparents knew and used. All i've known is the "Almighty Dollar!!" as sang by The O'Jays. And that rhetoric towards the USD has helped sustain it as a faith-based fiat for almost 100 years. When governments mismanage money, they collapse. Empires using fiat currency historically have a 100% failure rate. So what does that mean for the greatest global empire the world has known?? No one i know has lived through the collapse and rebuilding of a government system of a major world power. What does it look like?
My dad ...more
"Blanket Bans on Blockchain are Bound to Backfire... Bigly"
I can see that as a headline of an article i'll have to write in the near future. Or maybe right now. Over these Christmas holidays, governments and their agencies have been moving decisively against crypto. Uzbekistan just banned all crypto sales. Youtube is removing crypto-related videos from several accounts. The North American Securities Administrators Association (NASAA) just released an official warning against investing in crypto for 2020.. and then there's China.
I'm blessed to be in the company of some very dope people doing some very dope stuff; so i not only see the potential of blockchain, i get a front row seat to the birth of several applications that will change the way humanity interacts. So if i can see it... i know those brilliant world leaders can see it too. And because i make sure to study what is happening with the world financial market, these brash blanket bans hav...more
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