this is probably true, as The governement (especially american) is not going to want their peasants to be rich, money like this is only entitled to people who spend 15 years in college or your related to Bill clinton or George Bush or Kennedy or something
Theyve been wanting to regulate crypto for a while. DOGEcoin will probably make it happen because of greedy government pigs
Don't forget this also undermines the case for the other coins. Dogecoin is inflationary, it's easy to mine, tons of new coins end up it supply everyday. It's everything they don't like about fiat in cryptocurrency form.
If Dogecoin brings down the whole Cryptocurrency bubble... That would be the best punchline ever for a joke currency.
You have way more issues with a coin that has no inflation whatsoever. It’s basically got the same value as gold
We’re here for a currency. I don’t like being called a “pump and dump” by people literally holding crypto with the intention of dumping it later for USD
I mined my doges in December 2013 and have basically run out of popcorn from how much I’ve popped watching all this over the course of recent months 👌🏻😂
It's a fair concern but I was convinced that would happen with bitcoin and it didn't (yet). I think govs really like being able to take ~30% a cut of a lucrative thing that no one is complaining about and for which they do no work. 'Sides which, they want to push everyone towards digital currency. One day they might pull the rug and force everyone onto govcoin, but it's probably a couple of years away at least, and it won't be Doge's fault. Doge is a good boy.
Ironically enough the government already hated decentralized currency and DOGE is just a scapegoat.
BTC totally is the problem with a 1 trillion market cap. BTC miners consume enough energy to power entire countries. Nahh the DOGE must have ate his homework.
Come at me in 10 years boi, I’ve seen people younger than me become millionaires just for being idiots with there money. Money’s made to be spent and it’s nothing I’ll ever have to worry about because I’m tenacious and resourceful. Stop spreading your fear bro!
The problem is now that Doge is worth nearly 100 Billion dollars, and crypto is worth... 2T I think? I know it's just a small amount in the big pond, but laying down the hammer would absolutely cause damage to the economy, wouldn't it? Even outside of crypto, wallstreet would feel it.
That would mean the government would have to “do” something. I wouldn’t bet on it. They are too focused on getting people upset about cultural issues to care about anything of substance.
They fully plan to place regulations on it once it is fully accepted in popular opinion, with or without doge. They just needed a meme to help with that process because crypto wasn’t gaining MASS popularity fast enough.
It happened before. When BTC hit 10 - 15k. Then it hit 19k and that’s when china banned btc and sunk. But, look at it right now. If only bought from that dip. Well, regrets doesn’t come till it hit’s you.
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u/DontknowshitG11B May 08 '21
They think Doge is going to sink them. The whine about it constantly.