BREAKDOWN: Dogecoin - The Emperor of All S**tcoins and the Master of Memes

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CoinDesk

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4.7 • 698 Ratings

🗓️ 16 April 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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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. - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) - Image credit: Mary Harrsch/Flickr, modified by CoinDesk See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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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