RE: The Dark Side Of The Rise Of Dogecoin
(Edited)
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I think this was well stated and on point. I tend to also think it’s still good for the space as a whole as people are looking outside the traditional system.
I hadn’t considered the Doge trend in terms of a finger in the air before. I just thought of it as people over excited and under educated but after reading this I think you have a valid point.
It’s the same “let’s just fucking burn it already” mindset that brought about the outcome of the 2016 U.S. presidential election.
Since it’s broken beyond repair might as well drive it into the ground.
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I do think there is an element of various narratives, uneducated, the get rich quick, those who follow hype, those who are just followers of Elon and then the cohort I mentioned above
What I do think though is regardless of their primary motivations for gettin in to doge the overall sentiment be it subconsciously is this is so broken it doesn’t matter, value doesn’t matter, if we just get enough people to flow into something it has value
It’s meme’ing investment and the fiat system. The sad thing is exchanges are jumping on and trying to profit from this
Yeah, but how could they not? When people are telling you to shut up and take their money, ya know?
Yeah I get it, if say coinbase doesn;t do it someone else will and take that profits, but what I am saying is theres no adult in the room, no ones there to put the breaks on