from Hacker News

Dogecoin Is “Blowing Up”

by jmngomes on 5/5/21, 10:09 AM with 21 comments

• by donmcronald on 5/5/21, 12:57 PM

  Let’s go back to tulips IMO. At least they didn’t destroy the environment.

  Most crypto claims to be deflationary, but as a class of currency the inflation has been massive. Everyone has their own money printer. They’re all printing money and trading amongst themselves for higher and higher values.

  Then, everyone once in a while someone pays real money for some of the Monopoly money. That person is basically the donkey at the poker table. There’s not enough liquidity for all the donkeys to get their money back let alone for all the “innovators” to cash out.

  It’s just a variation of a Ponzi scheme.

• by devoutsalsa on 5/5/21, 11:25 AM

  My friend has been mining DOGE for years as a joke. He’s pretty happy with himself at the moment.

• by nabla9 on 5/5/21, 10:32 AM

  Scott Galloway has already predicted that Musk's SNL performance will be part of future SEC investigation.

  Elon Musk has opportunity to increase visibility of Dogcoin in SNL and it can create so much fuzz that the price will skyrocket.