Perhaps because Dogecoin is what Bitcoin should have been?
There are a number of economic reasons that make me skeptical about Bitcoin's chances of success. But there is one reason that makes me wary of it: the fact that its is being "marketed" more as an investment than a payment system.
Here is what a true Bitcoin believer, pure of heart, should be saying:
* Our goal is cheap, easy, unrestricted international payments;
* We will succeed if everybody uses uses crypto, we will fail if no one uses it;
* Other cryptocoins are welcome and we hope they prosper.
* Our hope is that SOME crypto will succeed; it doesn't have to be Bitcoin.
* We do not know how much a Bitcoin will be worth, and it does not matter.
* However, the value of a cryptocoin should be as stable as the dollar's value is now.
* The sooner the price stabilizes, the better.
* Hoarding or speculating with cryptocoins is evil as it defeats those goals.
* Large cryptocoin-based financial institutions are just as evil as dollar-based ones.
* Our priority is to convince merchants to accept crypto as payment method.
* People should change dollars for crypto only if and when it is is clearly worth it.
Instead, here is what Bitcoin enthusiasts seem to be saying, here and in other forums:
* Our goal is to get rich.
* We will succeed if Bitcoin's value rises to the Moon, fail if it goes down to cents.
* Other cryptocoins are unwelcome competition and we must speak out against them.
* Our hope is that BITCOIN succeeds, we will be mad if some other crypto crushes it.
* One Bitcoin must be, and surely will be, worth at least 1000 USD.
* The price should keep rising in the long run so that Bitcoin hoarders can have a steady income.
* Large price oscillations are good now because one can make money or grab more Bitcoins.
* Hoarding and speculating with Bitcoins is what the thing is all about.
* Large cryptocoin-based institutions are welcome because they will want to push the price up.
* Our priority is to convince everybody to change all their dollars for Bitcoins and hold them fast.
* People should pay for things and services with Bitcoins even if it is not worth it.
That unfortunatey is the mindset that fuels bubbles and Ponzi schemes...
This is what your post tells me:
- You haven't read Satoshi's White Paper.
- You base your understanding of the 'goals' of Bitcoin, and its many and diverse users, on recent headlines and the Speculation forum of this site.
- You haven't spent much time on the Dogecoin thread or subReddit.
- Something about the price rise, and the fact that people have - and continue - to profit from it, annoys you.
"People should change dollars for crypto only if and when it is is clearly worth it."How do you expect this ^^ to ever come true if people aren't willing to speculate? Someone has to take the chance. When is it
clearly worth it? If you're looking for signals, maybe it's clearly worth it when it can go from a few dollars to 1,000 in a year?
Actually, why am I arguing here.... You're someone who comes to the "Wall Observer" in the Bitcoin speculation forum to complain that people are treating Bitcoin as a speculation vehicle, and then suggests that Doge is somehow immune the whims of traders and their pump and dump evils.
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