Comment on Memecoins Are Coming to the Stock Market
NewNewAugustEast@lemmy.zip 6 months agoI miss when the satire became a possibility of a real currency. Of all the crypto, Dogecoin proved that there is no point in trying.
Low cost, fairly stable, cheap to send a receive, a ton of clients and places to spend it. I never bought any, but I traded for plenty, and bought many things with it. I never worried about it becoming valuable, so I did not hoard it. I never worried about it becoming worthless either because the inflation rate was constantly shrinking.
But the complaint was always the same: how will I get rich with this?
Which proved that crypto is garbage and a ponzi or pyramid scheme.
My brother-in-law is big into crypto, I’ve had the same arguement with him so many times I’ve lost count. Investment requires that you invest in something that has value that will actually increase, and other than the crypto bros no one’s buying into cryptocurrencies so the value isn’t going to increase.
Anyway he’s rich, so I suppose it doesn’t really matter but it’s such a waste of money. Like if you want to invest get into stocks and shares at least they actually do increase in value.
prole@lemmy.blahaj.zone 6 months ago
I’m not an expert on DOGE, but I imagine it’s not very secure.
NewNewAugustEast@lemmy.zip 6 months ago
It is secure. It is your wallet, your keys.
It is built from litecoin, which is a fork of bitcoin.