Post
Topic
Board Altcoin Discussion
Re: Dogecoin is no longer just a memecoin
by
pooya87
on 04/10/2024, 05:38:20 UTC
DOGE was conceived as a meme currency, but after 11 years of existence, the token is often used to pay for purchases. This is the conclusion reached by experts from Bloomberg.
"Experts" LOL
You can purchase stuff using those tokens they give you at an amusement park but that doesn't make them any more than just being a meme.

Quote
According to the publication, the average commission on the network is <$0.01, which is almost 80 times cheaper than in the BTC blockchain,
A normal bitcoin transaction costs about $0.07.
Doge price is $0.10 while bitcoin is $60000.
'nough said.

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and a Dogecoin transaction requires less than a minute.
Wrong.
Confirmation is a concept not just an arbitrary number. We call a transaction "confirmed" when it becomes irreversible. 1 confirmation on bitcoin blockchain has more security that majority of altcoins combined. Whereas 1 confirmation on Doge network has no security whatsoever. This is why exchanges require such high number of confirmation for weak networks such as Doge.

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DOGE also has a rather large fan club of celebrities, which includes Elon Musk, Mark Cuban and Snoop Dogg. The fact that the token is not just a joke asset is evidenced,
I can't believe "not-a-joke" and "Snoop Dog" were used in the same sentence Cheesy
These names are jokes themselves lol