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What value do you think people see in Dogecoin, for example?
by lottin 5y ago
What value do you think people see in Dogecoin, for example?
- mattwilsonn888 5y agoFunnily enough Dogecoin started as something completely antithetical to all the things about web3 'culture' HN hates the most. It was something to make fun of the venture capitalists wowing novices with buzzwords to part them from their money. I would say its now obviously overvalued considering the amount of money which flows there rather than to projects making real innovations. But then again, how do price a meme anyways?
- _Algernon_ 5y agoValue resides where people believe it resides, and if 2021 has shown one thing, it is that the power of memes is practically infinite. That being said, I don't own Dogecoin and my previous comment was mainly in reference to btc and eth.