Ask HN: What are your thoughts on Dogecoin?

Re:Ask HN: What are your thoughts on Dogecoin? by polka_haunts_us on Friday January 29, 2021 @12:01PM (#25959519)

My opinion is if you think buying into the losing end of a pump and dump is sticking it to the man, then I've got a great new deal for you, it's called PolkaCoin, it's directly tied to my net worth, so the more you give me, the higher its value goes (unless I eat lunch that day). I won't even let you sell it, all of the pump with none of the dump. TO THE MOON and all that.

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Re:Ask HN: What are your thoughts on Dogecoin? by AnIdiotOnTheNet on Friday January 29, 2021 @12:37PM (#25959969)

I also have a cryptocurrency, it's called IdiotCoin. Only a single idiot exists and I own it. It can be divided into 2^64-1 dolts. If you want to buy a dolt from me, the cost is one US cent, however, for every dolt purchased I will double the price of the next dolt.

So you see, the value of dolts will always exponentially increase, provided the US dollar doesn't inflate even faster. This is great because it means that no matter when you purchase a dolt you are guaranteed to see the value double as soon as someone else buys a dolt from me. If you buy a dolt from someone else the price could of course be lower, and they'll be giving you one hell of a deal!

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Re:Ask HN: What are your thoughts on Dogecoin? by candiodari on Friday January 29, 2021 @02:21PM (#25961207)

I find it very hard to believe that either idiots or dolts are somehow limited in number, especially to the number 1. This seems an entirely unfeasible basis for a cryptocurrency to me.

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Re:Ask HN: What are your thoughts on Dogecoin? by jancsika on Friday January 29, 2021 @12:51PM (#25960160)

Reinterpretation of Godwin's law:

As a parody cryptocurrency's blockchain grows longer, the probability of it remaining a parody approaches 0.

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Re:Ask HN: What are your thoughts on Dogecoin? by m463 on Friday January 29, 2021 @01:12PM (#25960405)

I can think of lots of things that started that way.

Like Science Fiction writers sitting around joking about starting a religion, then Hubbard goes off...

And cow clicker https://en.wikipedia.org/wiki/Cow_Clicker

I'm sure there are other great examples...

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Re:Ask HN: What are your thoughts on Dogecoin? by jancsika on Friday January 29, 2021 @01:48PM (#25960814)

Ooh, I didn't know about Cow Clicker. Thanks, that looks like a great example of this.

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Re:Ask HN: What are your thoughts on Dogecoin? by jancsika on Friday January 29, 2021 @01:40PM (#25960728)

Is there evidence Hubbard meant it as a joke at the beginning?

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Re:Ask HN: What are your thoughts on Dogecoin? by m463 on Friday January 29, 2021 @03:03PM (#25961682)

We might never know. Stuff happened long before most of us were born.

https://youtu.be/O9AGVARpqdk

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