jojo69
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December 22, 2013, 12:52:31 AM

I have been thinking a lot about the doge phenomenon and it is really quite interesting.

Conceived as  a parody, think of it as an actual implementation of CosbyCoin, it is one of the more elaborate mass trolls of our time.

I believe its intention was to point out the absurdity of cryptocurrencies in general, fair enough, this is a pretty out-there idea whatever its merits, but it has kind of blown up in the creators faces and threatens to teach the creators a lesson about the fundamental nature of money; that ANYTHING can be money if only people agree that it is.  It puts me in mind of the Rai stones of Micronesia.

The absurdity of cryptocurrencies?

Yes, now to be clear, in my view they are far LESS absurd than fiat, but what do I know?