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A comment on Thailand bans meme coin and NFT: “no clear objective or substance or underlying”. Parent comment

Re:Thailand bans meme coin and NFT: “no clear objective or s... by lawn on Monday June 14, 2021 @03:52PM (#27507425)
A thing doesn't derive it's value or purpose from the intent of their creator, but how it's used going forward.

Bitcoin for example was created to be electronic cash, but today most people treat is as a "digital gold" and a store of value, but not as something to be used in regular day-to-day transactions.

And Dogecoin was indeed created as a joke, but it doesn't stop it from being used to buy things (3% of all BitPay purchases[1]), and in contrast to Bitcoin the community wants to keep it affordable. So in a way, you can argue that Dogecoin follows Satoshi's vision more than even Bitcoin does.

[1]: https://bitpay.com/stats/

[ Parent | on HN ]
Re:Thailand bans meme coin and NFT: “no clear objective or s... by NicoJuicy on Monday June 14, 2021 @04:07PM (#27507612)
68,774 average transactions processed per month.

~2000 for dogecoin.

Most of the purchases are gift cards ( a method for money laundering)

That kinda sums up how useful it is to add crypto to your e-commerce.

There are less than 10 x amount of purchases through crypto than amount of different crypto.

[ Parent | on HN ]