People dont tent to undestand why dogecoin has potential. Ofcourse its normal for everyone to defend his own-mining coin, but in digital coins its all about reputation and market awareness.
People have always been kin to propaganda, history has shown that many times, when someone who presents something in a very "professional" way tends to convince that it is actually worthy. If bill gates or steve jobs was promoting SHITCOIN people would believe that its worth and they would follow.Check youtube about logos-ethos-pathos (
https://www.youtube.com/watch?v=O2dEuMFR8kw). Dont get fooled by luxurious or very highly "professional" coin names. Choosing the right name for a crypto coin wont get you anywhere if it doesnt offer something new. Dogecoin has introduced the idea of cryptocurrency to a wide population in the internet.
Finally, for people who say that producing more coins every year instead of having a hard cap, they should think about future adaptation of a coin in large numbers. Its all about phycological reasons. Its better to use 1 coin to buy a coca cola than sending 10^(-30) coins...
Also if u want u can verify the numbers...
Year | Doge inflation | Litecoin Inflation | Bitcoin Inflation |
1 | 100% | 100% | 100% |
2 | 5.26% | 50% | 50% |
3 | 5% | 33% | 33% |
4 | 4.76% | 12.5% | 12.5% |
5 | 4.54% | 11.1% | 11.11% |
6 | 4.35% | 10% | 10% |
7 | 4.2% | 9.09% | 9.09% |