BREAKDOWN: Dogecoin - The Emperor of All S**tcoins and the Master of Memes
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 April 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
After a 9,392% run-up over the last three months, is there something about DOGE beyond the meme?
This episode is sponsored by Nexo.io.
Dogecoin is on a tear. And it’s causing many mainstream media outlets to call “bubble.” On this episode, NLW breaks down DOGE as:
- Valueless memecoin
- Internet culture incarnate
- Dada-esque protest to a broken system
Much wow.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:49.4 | I call Doge the emperor of all shit coins in the title to this show because it doesn't even |
| 0:55.6 | pretend to be based on something. |
| 0:58.4 | There is no argument for some differentiated consensus algorithm. |
| 1:01.9 | No pretense of a government system that makes it more durable. |
| 1:04.9 | No smart contracts to develop the future of finance and no promise of yield generation in a |
| 1:09.3 | zero-yield world. |
| 1:10.2 | Just pure, unadulterated |
| 1:12.4 | absurdity. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, |
| 1:21.6 | and the big picture power shifts remaking our world. The breakdown is sponsored by nexo..io and produced and distributed by CoinDess. |
| 1:32.2 | What's going on, guys? It is Friday, April 16th, and I can't believe I'm doing this, but here |
| 1:38.3 | we are with a show about Dogecoin. Bull markets, I suppose, make fools of us all. In point of fact, this isn't really a show |
| 1:46.8 | about Dogecoin so much as a show about what Doge represents and what it tells us not only about |
... |
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