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The Water Cooler
General Discussion
Anyone riding the Doge train?
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<blockquote data-quote="HoLeChit" data-source="post: 3565275" data-attributes="member: 35036"><p>in my opinion, yes it is. Dogecoin may be used for payments and purchases, but it’s not a very effective store of value. This is because there is no lifetime cap on the number of Dogecoins that may be created by mining—meaning that the cryptocurrency is highly inflammatory by design. The only value it holds is due to supply vs demand. So if people think it’s cool and want to buy it, and there’s a shortage of supply, it has value. Once supply catches up, or hype dies down, it’s worthless. There’s no cap on the amount of dogecoins that can be created.</p></blockquote><p></p>
[QUOTE="HoLeChit, post: 3565275, member: 35036"] in my opinion, yes it is. Dogecoin may be used for payments and purchases, but it’s not a very effective store of value. This is because there is no lifetime cap on the number of Dogecoins that may be created by mining—meaning that the cryptocurrency is highly inflammatory by design. The only value it holds is due to supply vs demand. So if people think it’s cool and want to buy it, and there’s a shortage of supply, it has value. Once supply catches up, or hype dies down, it’s worthless. There’s no cap on the amount of dogecoins that can be created. [/QUOTE]
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Anyone riding the Doge train?
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