Well i have a different set of views on the economy and tokenomics around here. So please bare with me. I have a total opposite reverse picture of things. I see Elon Musk as the much needed hero and alot of what they crypto communities had become as the problem.
So first i don't have a dog really in the fight. I don't significantly own much bitcoin and i owned alot of doge coin. However, i owned it when the price barely moved and it had actual use for me to send cryptocurrency around. Like can you believe it? It had an actual use where i'd send off my doge coin and it would pretty much arrive around the same value it left.
I didn't use it for speculation. I didn't use it for get rich quick. I didn't use it for a pyramid scheme in which i don't know who really owns what and who is who. I didn't worry about if it's the lovechild of the Cia, Russia, illuminati, the CFR or the trilateral commission. Doge coin just had it's use. It served it's use well and that was it. As a currency is no more valuable at $1 then it is at $1 million . It's a medium of exchange.
Of course after Elon Musk those days are long gone and my precious doge coin is destroyed. So its no longer a coin of my choice but it may be more of a coin for the people than bitcoin. We got people around here who hold bitcoin with networth's north of a million bucks saying that the millionaires and billionaires are taking their wealth. In other words they have networth's more than a million dollars and they still consider themselves as the " poor people", lol.
I guess my overall point is that its more likely that the average person would buy doge based on attractive pricing and although i do agree with owning nearly 30% of doge coin is ridiculous and it shows all the problems with cryptocurrency. At the end of the day i'm forced to still grapple with is bitcoin the peoples coin giving people economic prosperity. I don't know if thats the case anymore.
Even if its some opportunity left in bitcoin i don't like several dozen things about it that don't make sense to me i won't get into. I did a video called the truth about bitcoin. I'll just post it.
that may be better but in summary i don't think its the coin of the people anymore. So i wouldn't own it. thats my 2 cents.
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So your much needed hero is a gigachad who couldn't give two shits about the average individual and tries to get people to invest in the biggest rug pull ever.
There are so many cryptos out there doing just that, without having a single entity in control of such a large percentage of the supply.
That's like saying that fiat money controlled by central banks owned by trillionaires is the people's money. Is it?
No, it shows the problem with DOGE. Not all cryptos are highly centralized like Elon's favourite shitcoin is.
Thanks for dropping that video, I'm going to give it a view.
Thanks for passing by!
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