“BitcoinBunny”, your arguments are fully analogous to a SHIB bagholder telling me to “have fun staying poor”.  OK.

---

I am not categorically against all use of inflationary currency; and I don’t actually hate Dogecoin.  I make fun of Dogecoin, because it’s—well, it’s asking for it.  I switched my rhetoric to SHIB, because Dogecoin does not deserve to be compared to PHP.

In the abstract, I think that there is space for a deflationary currency (Bitcoin), and perhaps an inflationary thing with certain uses (not DOGE), in tandem with a price-stable currency.  I’ll omit details here, for such a general economic discussion is off-topic for WO.  Suffice it here to say, the above-quoted argument would seem much more sensible to me if any non-Keynesian explanation were given of why DOGE should inflate at all.  Are people just that dumb?  No, wait:  Don’t answer that.

On another note, Elon Musk was either stupid or malicious to call DOGE a better currency than BTC (!).  Given that he not only jumped on the “too much energy” bandwagon near the same time, but even gave it a push to launch it, I know which of that “either” I will guess.

Newbie warning:  DOGE development is (or when I checked last year: was) in such a shambles as had me worried:  “People are entrusting billions of dollars in value to that thing?”  I was afraid that one catastrophic failure could crash the whole market, and blow FUD back onto Bitcoin.  My Evil Hat(TM) was also wondering what would happen if the flimsy, ill-maintained DOGE contraption had an exploitable security flaw.

Sure, DOGE was started as a joke.  Very funny.  Hahah.  It’s still a joke.  Do not entrust Dogecoin with anything other than toy money!


Imagine that SHIB is a programming language.  The picture in your mind is PHP.

Now, behold the prospect of someone bizarrely attacking me in WO because I called SHIB what it is.

Sad.