Why DOGE is still relevant ( and will continue to be )
a few recent posts ( today ) from the DOGE reddit page
=====
The other day I moved 1k usd using doge and it costed like 1.6 cents. 1 . 6 c e n t s. It's fast and cheap, something many other coins arent. People think of dogecoin as a meme but honestly it's just a way of life. It's the one coin I want to actually USE compared to other coins I just hold to make money.
=====
The best way to think of it is how the dollar’s exchange value has changed in compared to, say, the Euro, over the past few years.
Unless you’re in finance or an economist (or a currency trader) you likely weren’t all that worried that because the exchange value of the dollar compared to the Euro was increasing or decreasing, your dollar was going to be valued for goods and services differently from one day to the next.
You always knew that if you had a couple dollars, you could buy a burger or some shampoo.
Maybe, long-term, the price of that burger or shampoo went up by a few cents (maybe a dollar or so).
But within the relevant time frame, you never much noticed or cared that one day to the next, your couple dollars was getting you the same quantity and quality of burger/shampoo, even if the dollars exchange value compared to the Euro had gone up or down.
That’s Because the exchange value of the dollar doesn’t really affect the value of the dollar as a medium of exchange within the marketplace abstracted to a level relevant to your situation.
Same with doge.
A tip of 50 doge here, will still make someone just as happy as a tip of 50 doge did when doge was a fraction of its exchange value compared to the dollar years ago.
Expand that out a bit, and, if doge is as good as all of us think it is, there will eventually be a doge economy where doge is the main currency your brain automatically goes to when you buy burgers/shampoo.
And then you won’t be worried, on any regular basis, about the exchange value of the doge compared to any ther currency.
Doge will just get you burgers/shampoo everyday, because it’s subjective accepted value as a medium of exchange will be stable.
1 doge = 1 doge. Period
=====
1 Doge = 1 Doge mentality.
This is one of the few places where mentally converting the value of the currency back into another fiat or crypto is highly discouraged as a fundamental part of the culture. That’s really important, I’m fairly certain, because it means that within the subset of all people who are good faith adopters of doge, Dogecoin retains its store of value (subjectively/metaphysically/communally/ whatever) even when it’s value against other currencies appears to fall. All of this is an obnoxiously long-winded way of saying that the more people accept 1 Doge = 1 Doge and internalize it, including with regards to services that only require labor and minimal incidental interaction with other currencies for supplies, admin expenses, etc... then the more Doge becomes accepted as a standard medium of exchange. Because if doge is accepted from various service providers across the spectrum of needs and wants in an population, without reference to how much they would normally charge in other currencies, then you’ve really knocked out almost full acceptance for one of the big three factors of production (labor), and the land and capital factors get a lot easier.
=====
WasTriffin ..
Just an FYI ..
If you put $1000 USD into Doge on Jan 1, 2017 when the price was $0.0002 you'd have gotten 5,000,000 Doge.
Current Doge price of $.009263 values 5 million doge at $46,315.