Dogecoin
A memecoin cryptoasset based on a joke about the Shibu variety of dogs.
Dogecoin is part of a larger class of investments based around a collective dog theme.
Properties
Dogecoin is not a currency.
Dogecoin is a speculative investment.
Dogecoin is deflationary.
Dogecoin is a bearer instrument.
Dogecoin has no fundamental value.
Dogecoin has no use value.
Dogecoin has no income-cashflows.
Dogecoin has a present-value of zero.
Dogecoin has a terminal-value of zero.
Dogecoin is a greater-fool theory asset.
Dogecoin is a form of gambling.
Dogecoin is a non-productive investment.
Dogecoin has a negative expected return.
Dogecoin is based on the consensus algorithm known as Proof of Work mining.
References
- Warzel, Charlie. 2021. ‘The Absurdity Is the Point’. Substack newsletter. Galaxy Brain (blog). 11 May 2021. https://warzel.substack.com/p/the-absurdity-is-the-point.
- Gerard, David. n.d. ‘Confused About Dogecoin? Here’s How It (Doesn’t) Work.’ Foreign Policy (blog). Accessed 3 March 2022. https://foreignpolicy.com/2021/02/11/dogecoin-how-does-it-work-elon-musk-cryptocurrency/.
- Maddox, Alexia, and Luke J Heemsbergen. 2021. ‘Digging in Crypto-Communities’ Future-Making: From Dark to Doge’. M/C Journal 24 (2 SE-). https://doi.org/10.5204/mcj.2755.
- Becker, Moritz. 2019. ‘Blockchain and the Promise (s) of Decentralisation : A Sociological Investigation of the Sociotechnical Imaginaries of Blockchain’. In Proceedings of the STS Conference Graz 2019, 6–30. https://doi.org/10.3217/978-3-85125-668-0-02.
- Groos, Jan. 2021. ‘Crypto Politics: Notes on Sociotechnical Imaginaries of Governance in Blockchain Based Technologies’. In Data Loam, 1:148–70. https://doi.org/10.1515/9783110697841-009.
- Lustig, Caitlin. 2019. ‘Intersecting Imaginaries: Visions of Decentralized Autonomous Systems’. Proceedings of the ACM on Human-Computer Interaction 3 (CSCW). https://doi.org/10.1145/3359312.
- West, Sarah Myers. 2018. ‘Cryptographic Imaginaries and the Networked Public’. Internet Policy Review 7 (2): 1–16. https://doi.org/10.14763/2018.2.792.