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kleinbl00 · 1544 days ago · link · · parent · post: Dogecoin Could Turn Into a Real Currency To Spend Rather Than Hoard
Dogecoin is hardly the only inflationary cryptocurrency. It's the only accidentally inflationary cryptocurrency, sure, but is that really a feature? If we're to take the article's argument at face value, the better bets are Tether, Circle or any of the other stablecoins. There's also the issue of what you can do with Dogecoin - it's seven and a half years old (two years older than Ethereum) and to date, the only thing you can do with it is buy prepaid Mastercards. Nobody is investing in Dogecoin because they think it'll be useful at some point. They're investing in Dogecoin because of penny stock fallacy and because of greater fool theory. Which, hey - there's money to be made. But it's a zero-sum game.