THE TWO BIGGEST CRITICISMS OF DOGECOIN ARE TOTALLY WRONG
In today's @markets newsletter, I wrote about how Dogecoin might have a better monetary policy than Bitcoin, and why its lack of developer community is irrelevant
bloomberg.com/account/newsle…
In today's @markets newsletter, I wrote about how Dogecoin might have a better monetary policy than Bitcoin, and why its lack of developer community is irrelevant
bloomberg.com/account/newsle…
@markets The lack of developers is the most hilarious thing to attack Dogecoin for.
Dude it's a joke coin with a dog mascot! WTF does it need development for?
Dude it's a joke coin with a dog mascot! WTF does it need development for?
@markets And the criticism is especially rich coming from Bitcoiners, who usually understand this point very well, that cryptos are money not tech, and therefore the same expectations of the software industry shouldn't apply and that if anything regular innovation and iteration is bad.
@markets And in terms of issuance, it's not obvious at all that Bitcoin's hard cap is superior to Dogecoin's issuance in perpetuity. Maybe it is. But an asymptotically declining Block Reward maintains predictable, algorithmic scarcity while also keeping incentive for miners.
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