Doge in particular has no property apart from the name and the hype around the meme. There are more than 200 alt coins [1] and the vast majority of these don't

Doge in particular has no property apart from the name and the hype around the meme. There are more than 200 alt coins [1] and the vast majority of these don't contribute anything new to the field of crypto currencies but many succeed to win followers just because people keep calling the process that should be called "policing with a small compensation" "mining for profit". Read Satoshi's whitepaper[2]. Mining is meant to not be profitable for the masses and yet it is profitable in so many cases. Why is this? Because people are confused about the value of the minable goods. Mining is always connected with an up-front investment and the bigger the industry the more professional you have to be to do it profitably. Therefore loosers/scammers/lunatics/pump-and-dumpers (sorry) gravitate towards unprofessional coins where there is no professionalism celebrating the next big thing since bitcoin and once their coin of choice turns more mature they abandon ship as the very property they seek – easy minability – got lost. Disclaimer: I own bitcoins and was sent 100 reddit-dogetipbot-dogecoins. [1] https://bitcointalk.org/index.php?topic=134179.msg4701768 https://bitcointalk.org/index.php?topic=134179.msg4701768 [2] http://bitcoin.org/bitcoin.pdf http://bitcoin.org/bitcoin.pdf