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Doge Coin

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tp4tissue:
The most memorable key term from the skits is Dogefather.

Elon has proclaimed himself Dogefather. (in the skit)

Now, on the surface, you could say that's Nothing, it's just a comedy skit.  But, think about what ANY-thing, any Branded item, or object attached to Elon has ment.

You attach something to ELON, you get the full support of Elon's Team.

Elon Musk is the most popular person on this planet. This is beyond the power of a peak hollywood actor, even beyond the power of presidents.

Elon is the nexus point of our 2nd Renaissance. Not just symbolically, he actively WORKS the engineering problems.



From the market perspective of Elon and Company, let's say they want to be part of the Currency game. 

They've bought into Bitcoin,  but Bitcoin is already saturated in the sense that it's already extremely expensive to play with. The coin is also already attached to many powerful organizations which have nefarious and conflicting political agendas.

This is not the case with Dogecoin.  They could very easily absorb the MAIN powers involved in Dogecoin, some theorize the team already got to them.   

IMAGINE Elon with his own Currency.  Beyond the dollar.  And this currency is designed to support what is the most critical transition to renewables and the final frontier (space) economy.


What would such a digital currency be worth?

What would such a currency cost?

With its current code base, which is again just code, it's malleable. You'd need a cash injection ~5 to 10 million (USD) everyday just to hold the line. There is more than enough money at the world community level to do this.  This injection is also not needed indefinitely, we can cap the coins at will, and let it stabilize.

Disclaimer:

Tp4 has not bought Doge, Tp4 does not recommend Doge, Tp4 optimistic.

Findecanor:
Dogecoin dropped 28% after Musk admitted it was a "hustle" on SNL.

tp4tissue:
That's a blip, it's up from 0.06 cent from April 12th,  the volatility is normal.

it's been up to 70 and down to 50 in the past week

Leslieann:
Volatility is normal, a 28% drop in just a few hours without it being a market correction is not normal volatility.
It's still down 15%.

It may claw it's way back, that doesn't change a thing, especially since it's still riding that high of publicity. That may even make it more likely to claw back and hide a problem since many will see this as a dip to buy and make a bunch when it climbs, which is not dumb, you just need to make sure you get out before it crashes again. Hype is a fickle b*tch, get it right you look like a genius, get it wrong you look the fool, few get it right, few get it right more than once.

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