3 ms·

It might be a flawed prototype but it's made a lot of people a lot of money investing in it

• prepend 6y ago
  That’s not a good criterion as ponzi schemes make a lot of people money investing in it. I think it’s important to evaluate financial trends based on first principles to understand if we’re just seeing a small window at the beginning of a scheme.
  • paulie_a 6y ago
    Well people are also actually using it deflating your ponzi scheme argument. And people are investing in it also. But it has utility
    • prepend 6y ago
      I was arguing that making money for investors is not a good criterion without more info. So doge having utility doesn’t deflate, but reinforces my argument.
      • imcarlos 6y ago
        Inflation of doge is really small. 5B new coins per year. That's 3,9% this year. 3,75% next year, 3,5% and so on.