Okay Angela, done working for the day, tore up a few more yards like coonman's. Let's clear up some semantics as has been mentioned. Cryptocurrencies like Doge or Bitcoin aren't NFTs. What is an NFT who knows lol, seriously I can't explain it. Sniper could do a better job. Cryptocurrencies are fungible tokens same as a dollar bill or even gold. Fungible tokens aren't unique, that is one dollar bill is the same as another, or one bitcoin is the same as another. Also hey are divisible and those divisions have the same value.
Anyways let's get down to what I think of Doge. IMHO it's crap. There are 130 plus billion Doge in circulation, approximately 14 million new ones are mined every day. There is no cap on the amount that can be created. It's a certainty that supply with outstrip demand.
Bitcoin is limited to 21 million, it's possible that figure could be increased but I don't expect it. Approximately 19 million of that 21 million have been mined, it's expected the last one will be mined in 2040.
Doge is fiat, Bitcoin has a sound principle.
Acceptance will seal the fate of Bitcoin, Doge is sure to die.
Say what one will, the blockchain technology is here to stay and is/was one heck of an innovation.
Thanks for the explanation. Makes sense. I think though, that since the original 100B coins were mined, it's capped at 5B new coins put into circulation a year. Which I suppose is still too many to create much demand?
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