Skip to main content

Doge fever! The big hedge


Many people are dumping loads of mostly US dollars on Dogecoin and while it might seem unreasonable because Dogecoin looks like a joke, it is actually a massive hedge against all things, the dollar, stocks and the Crypto Titans Bitcoin and Ethereum.

I have not really been interested in Cryptocurrencies until lately because I am more of a solid value guy, who will always look for securities that have real value with the hope of building some long term investment. 

But I am beginning to take a close look at the Crypto phenomenon because one can no longer ignore it. Even though I don't own a single crypto asset (yeah I call it an asset) I see the current crypto world more like a template of greater things to come. 

Cryptocurrencies are revolutionary ideas, and while in their current form they are not very mature technologies even though they are stable and the prices are going up every day due to speculation, they have a great potential for the future and I think beyond 2024 there will be a new powerful cryptocurrency that will be a true foundation for all currency including big standard fiats like US dollar and Euros. 

The blockchain will be like the internet for securities, allowing money, and eventually, all other kinds of assets like stocks, bonds, etc. flow from one point to another in a seamless manner without so much obstruction and complexity from central intermediaries. 

Governments will eventually find a way of auditing these networks to make sure that nefarious activities are controlled and minimized.

Like I have said before, the biggest power of crypto is disintermediation! that is the problem that the (group I think) Satoshi Nakamoto solved very well. 

So what is the Dogecoin fever all about. One can use Crypto as a kind of metrics about the performance of the standard economy. With Bitcoin created after the fallout of the 2008 financial crises in 2009, one can see that whenever there is less trust in the global financial system, the price of Bitcoin and other cryptocurrencies rise.

People are using Cryptocurrencies as a hedge against the standard economy and Dogecoin is a hedge against the bigcoins like Bitcoin and Ether.

Dogecoin is the small man's battle axe against the behemoths, Bitcoin and Ether, while Bitcoin and Ether is now a standard hedge against mostly the US dollar. 

Rather than buying gold to hedge against the dollar, people are buying Bitcoin to hedge while others are Buying Dogecoin to hedge against Bitcoin, Ether and by transitivity the US dollar.

Should you be a part of the Doge fever? I can't say! But the biggest problem with Dogecoin oversupply and eventually inflation. 

Since forks are hard the only way to create a better Dogecoin would be to create a new Dogecoin designed more responsibly. 


  1. I found your blog on Google and read a few of your other posts too, it is very informative and also influencing me to read more of yours. You have done an exceptional job by adding your hardwork and dedication to it. I am a big fan of art and craft. I just added you to my bookmarks and recommending your blog to my social profiles too. Just like the other budding bloggers i have started my blog, You can support me by visiting my site for more paper airplane related information and knowledge, Keep up the great work Look forward to reading more from you in the future. Thanks in anticipation.
    how to make a paper airplane that flies far and straight | classic dart paper airplane | how to make a good paper | nakamura lock paper airplane instructions | best paper airplane design for distance and accuracy | best paper airplane design for distance and speed | Boomerang paper airplane instructions | Zazoom internet | Eagle paper airplane | how to make a paper airplane that flies far and straight step by step | 4 aerodynamic forces | Paper airplane templates for distance | the eagle paper airplane | best paper plane in the world | How to make a successful paper airplane

  2. This is really a good source of information, I will often follow it to know more information and expand my knowledge, I think everyone should know it, thanks Best antminer l7 service provider


Post a Comment

Popular posts from this blog

Next Steps Towards Strong Artificial Intelligence

What is Intelligence? Pathways to Synthetic Intelligence If you follow current AI Research then it will be apparent to you that AI research, the deep learning type has stalled! This does not mean that new areas of application for existing techniques are not appearing but that the fundamentals have been solved and things have become pretty standardized.

At the edge of a cliff - Quantum Computing

Source: Quantum computing reminds me of the early days of computer development (the 50s - 60s) where we had different companies come up with their different computer architectures. You had to learn how to use one architecture then move to another then another as you hoped to explore different systems that were better for one task than they were for another task.  

What you actually need to become an expert programmer

 When it comes to programming, there is no reasonable shortcut to practice. What kind of practice am I talking about? Does it mean we should spend all day on  Leetcode  or  Hackerrank ? No, you don't have to but it is very important that you spend sufficient time on these platforms to improve the quality of your programming expressibility.