Doge has only one flaw - the Branding
I have maintained for years that Doge is actually the most useful Crypto made.
- It's a PoW Coin using the SCrypt encryption Algo, based off Litecoin - which means it still requires intrinsic costs
- It's value was supposed to be low to make it easy to calculate and transact normal daily amounts... what's easier $1.94 = a few coins or .00000023 Bitcoin...
- It's block time is 1M which is 2.5x faster than Litecoin (which is 4x faster than Bitcoin)
- It has an infinite supply... but emissions are greatly reduced once it hit the "Cap"... which means... It will increase in value but slower than those with finite supply... "scarcity breeds value" and all that...
This Coin was supposed to be inflation resistant not inflation proof...
Ultimately, to me... this meant that Doge was accidentally the best transactional Crypto... but it has a Meme history and therefore NO ONE TAKES IT SERIOUSLY...
If it was named... "FedCoin" or "TransakCoin" or something... I bet it would be a different story...
RE: Peanut Brains are Buying Meme Coins Again