SHIB is better than DOGE because it doesn’t suffer from DOGE’s Litecoin merge-mining problem, its inflationary nature and isn’t as sensitive to Elon’s tweets. And also piggybacks and integrates directly with the world’s most common token standard and developed DeFi ecosystem.
DOGE isn’t going to help out to rejuvenate the renewables industry and isn’t going to facilitate controllable load to strengthen the power grid through controllable load as other PoW coins like bitcoin could. No industrial efforts are being focused on DOGE mining.
In fact, Scrypt ASICs are so behind the curve and development is nowhere near plateauing (as opposed to Bitcoin mining where an Antminer S9 would have served you 5 yrs despite focused industrial efforts) a continued expansion of DOGE would lead to mountains of mining scrap waste.
If you buy DOGE, you buy:
- a non-fixed supply digital asset with a poor standardization basis
- an insecure shitcoin which hasn’t seen hashrate rise when price has risen in orders of magnitudes
- you incentivize development of new Scrypt ASICs leading to environmental waste
If you buy SHIB, you buy:
- fixed-supply coin
- something Elon doesn’t have as much power over
- something you can stake and earn yields on in the Ethereum DeFi ecosystem and on its own purpose-built DEXes like ShibaSwap
- using it on in L2s will prolly get you tons of airdrops
SHIB is even outperforming HEX, proving that "CDs on a blockchain" is debunked frippery because there are tons of staking alternatives in the DeFi ecosystem you can choose from and the token itself doesn't need built-in staking options for this to matter.
>> This is a comedy thread people
Maybe @TheStalwart will appreciate this sense of humor
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it’s both fascinating and disappointing to see how my brain went from seeing a cryptopunk avi and thinking ”oh so this is a bandwagon guy with no sense of originality/taste, typical crypto garbage waste tool of a person” to ”neat, wonder if it’s real, that guy fucks”. ffs brain
i don’t see status symbols in anything, there is no car, watch, house or even physical fitness that will make me think ”oh who’s that” and now a pixelated ugly ass profile pic triggers this response? so disappointed
i suppose what i respect is that they had the conviction and foresight not to sell this garbage thing, understanding that it would become the status symbol it is today/alternatively buying it at a ridicolous price, having convicition the top wasn’t in? i would’ve sold it at $100k
NFTs are not inherently ”crypto assets” imo. Yes, they use a blockchain as the issuance/transfer mechanism, but that’s irrelevant. There are dollar-backed and gold-backed ERC-tokens. Are dollars and gold ”crypto assets”? No.
While the NFT space might have emerged from the cryptocurrency space, and many NFT collectors are cryptocurrency enthusiasts, and much of the art therefore is deeply-rooted and connected to the interests of cryptocurrency enthusiasts, that does not make them ”crypto assets”.
As time passes, it will be more and more common that a wide variety of assets are issued and traded on blockchains (stocks etc), but the underlying technology for the registration and transfer of ownership has no impact on the type of asset class something belongs to.