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CoinDesk Podcast Network

SOB: The Sure Thing, the Force Multiplier, and the Underdoge

CoinDesk Podcast Network

CoinDesk

Tech News, Daily News, Business News, News

4.7698 Ratings

🗓️ 16 October 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com. Why did a joke cryptocurrency with zero ambition find massive success, yet a calculated military campaign with PLENTY of ambition turned into a massive failure?  With the right leverage, ten men can fight like one hundred, and one coin can spend like a million. - Crystal Blockchain is building a better, safer cryptocurrency space with end-to-end solutions for all your analysis, investigative, and compliance needs. The team of world-class experts creating a more transparent crypto economy via blockchain analysis. Learn how to get started at crystalblockchain.com. - Have any questions or comments? Send us an email at adam@speakingofbitcoin.show Today's show was written, performed and edited by George Frankly with additional production support from Adam B. Levine, featuring music by Left Handed Traffic. Our episode art was created by Speaking of Bitcoin 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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0:49.7

This episode of Speaking of Bitcoin on the Coin Desk Podcast Network is brought to you by crystal

0:54.5

blockchain.com.

1:00.1

Hello there. I'm George Franklin, and I'm going to take a look at how even the best and brightest

1:04.7

people can make truly stupid decisions and terrible predictions. And what we can learn from them.

1:12.3

This is Dare to Be Stupid.

1:19.1

This time on Dare to Be Stupid, force multipliers, or the sure thing versus the underdodge.

1:25.5

In 2013, two men told a joke that never quite landed. In fact, the joke is still soaring sky high as we speak. That joke is Dogecoin, a parody cryptocurrency founded on the twin economic principles of memes and comic sands.

1:33.3

A financial powerhouse, this was not.

1:35.3

Yet now, eight years later, Dogecoin is a financial powerhouse, easily more than ever intended.

1:41.3

It's a competitive cryptocurrency that has made many people wealthy thanks to the dumbest of dumb money. Dogecoin was set up for failure. On paper it had nothing

1:49.5

going for it, and yet now it's an explosive success. It was destined to be the underdog,

1:54.0

or under Doge, and now it's the mouse that roared. But back in 1982, a lion roared and a squeak came out.

...

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