doge puts the penny on blast

Other than the Tweets from Elon musk that keep doge on this bullish trend, why is this humble little meme crypto so valuable? There are several aspects of this particular blockchain that give it a market value that may continue to increase as the market becomes more familiar with the variations of the cryptographic zero-knowledge proof (systems).

Dogecoin

Originally created as a joke currency due to doge mascot/brand being designed based on an internet meme. However its POW system very similar to litecoins, or Bitcoins but with a important difference there is no Hard cap on the number that can be produced.

an important distinction due to the fact that it is POW proof of work its not minted at an infinite number just like LTC BTC it has to be mined utilizing system resources computational effort has been expended this is where the value originates. A proof of work is a piece of data which is difficult (costly, time-consuming) the more halves that occurs it doubles the difficulty and halves the rewards for mining. DOGE has infinite supply and will never halve rewards again. This is ideal for say change like a penny for instance

Change

when something is worth less than the sum of its parts and is a transactional medium IE currency why make it? The precious mettles utilized in change is wasted literally worth more if left in its pure state instead of tainting it like in pennies. Or nickels that would be worth more melted down but that's not legal.

Maybe crypto market with burning assets has changed my view on destruction of currency.

all joking aside change is pointless & I see it being phased out soon at least the lower increments.

Crypto is the Global economy

Although I thought this would be a great day when I could say this with certainty I have a level of concern about our current $34,000 BTC market. While I'm getting fat on the profit

I'm also wondering what happens if BTC hits zero dollars or just a massive crash take it back to $2,000 for example wont this take out the global economy or at the very least massive economic depression on a scale never before seen.

Hoping for the best planning for the rest aside the DOGE value has been rather shocking so has LTC and ETH these all have the POW systems like BTC. Dash got dusted by LTC and now its time for DOGE to continue this POW is valuable trend.

Puny Penny

the DPoS systems IE LEO,STEEM,HIVE for example should experience something similar to what we see in the POW systems now. Due to how the mining takes place in some variations like EOS via graphics processing resources RAM or GPU. DPoS very similar in concept to POW the only one I'm not seeing doing better is POS which at this point should just go back to meaning 💩.

Disclaimer

Not a financial advisor just a fan of crypto all opinions expressed where for entertainment purposes only not intended as financial advice just how I invest and why

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Only one referral those other two I have referrals for but I'm not a faucet user anymore really I only use pip flare now because I dont have to transfer my funds automatically are sent to my wallet
https://pipeflare.io/r/2nh2 Zcash and doge faucet. Doge to the moon then mars

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