This is an article worth 1 million US dollars if you understand it, but if you don’t understand it, it is just a pile of garbage, please throw it in the trash, thank you! 🚮
1. Dogecoin has humorous social attributes! It is one of the oldest and most consensus-based POW cryptocurrencies!
2. It is highly decentralized and has no owner in the market!
3. The generation market model is better than Bitcoin (no intention to belittle BTC) I think in the next 10 years people will realize that if the POW network wants to run safely and stably, and the price must not be affected by this, then Doge's stable annual issuance of 5 billion (inflation 3%) is a perfect model! It can guarantee the stable income of miners without constantly pushing up the price to double! This is a stable equilibrium model. Why is it necessary to increase the issuance? Because from the perspective of the entire cryptocurrency POW coin, no coin can rely solely on "handling fees" to maintain miners' income and run safely! Bitcoin can't do it either, because after Bitcoin is halved every 4 years, if the miners' computing power remains unchanged, the price needs to be pushed up to maintain the miners' income. Therefore, in the past 10 years, the currency circle has formed the inertia of a 4-year bull market. There are coincidences and factors, but it is only a matter of time before this inertia is broken! In my opinion, this is also an extremely unstable model! Of course, raising questions in the BTC community will be classified as politically incorrect, but it does not mean that this problem does not exist, right? Let's leave the problem to time!
4. The goal of Dogecoin is peer-to-peer cash, which is also the vision of Satoshi Nakamoto's Bitcoin white paper! It is a pity that Bitcoin did not fulfill this intention after being taken over by fundamentalist religiousism, but moved towards value storage (there is nothing wrong with this). It is just very regrettable that it did not follow the vision of the white paper! Assuming that X really opens up the payment system in the future and lists Dogecoin as one of the payment methods, then the annual issuance of 5 billion will circulate to the world, as a trading medium in various commodities, and the essence of currency is the medium of information exchange! In this way, more people and more industries will hold Dogecoin. At that time, supporting such a "payment method" will become a trend and consensus, and Dogecoin may have the dual attributes of payment and value storage! Just like you hold US dollars and can use US dollars to trade commodities! Please note here that Bitcoin is just a commodity, a scarce commodity with room for appreciation. Bitcoin does not have the currency attribute of being a medium of information exchange on a large scale! So Bitcoin is digital gold, and it is also very great, but the direction of Dogecoin is dual attributes!
5. The Doge community does not have a religious sect like BTC fundamentalism. The so-called religiousism means not accepting any form of innovation or any questioning! This kind of community thinking that is willing to evolve is just conducive to the future fork upgrade of Dogecoin. The necessity of the fork upgrade will be mentioned in the following points!
6. With the presence of X platform (cryptocurrency base camp) and Musk, the consensus of Dogecoin upgrade will be more cohesive! This is the consensus cohesion that other coins do not have! Therefore, the consensus is retained to the greatest extent! This is very important! Maybe you think I really suppress Musk, maybe, maybe we just see the same trend.
7. The low unit price of Dogecoin is more conducive to newcomers to try to buy it in the future! Don’t underestimate the unit price. When the total market value is getting higher and higher, the unit price becomes the threshold for newcomers. Ask your new friends around you whether they will choose Bitcoin as the first coin when they enter the circle? Therefore, the opportunity for ordinary people may no longer be suitable for owning Bitcoin, but Dogecoin is a very good choice!
8. Due to the rapid development of quantum computers, the United States has released a signature algorithm for the post-quantum era. This is official information from the United States, and the U.S. National Security Memorandum No. 10 also made it clear that the entire United States must upgrade the algorithm from the legal level. The deadline is around 2030. At present, Google and Apple have partially completed the upgrade. This is already a trend. Cryptocurrencies all use "digital signature algorithms". The 2024 round of NISI recommended algorithms also have specific standard parameters. At present, almost no one in the encryption circle pays attention to this matter, and the probability of it happening in the next 10 years should be more than 90%! And Vitalik, the founder of Ethereum, has mentioned the necessity of upgrading the algorithm in the future many times in the paper and ETH roadmap! And the U.S. NIST has released some algorithm parameters and recommended them to the world for use! As we only need to pay attention to the digital signature algorithm used by cryptocurrency! Here is a common sense. It is very simple to upgrade centralized institutions such as "banks", "information centers", "operating systems", "data centers", including POS projects in the cryptocurrency market. It is OK to upgrade in an organized and orderly manner. But remember that decentralized, especially proof-of-work POW cryptocurrency systems, are scattered all over the world. This is very, very difficult. I will not elaborate on it here, as it involves very hardcore knowledge...
9. Due to the high probability of Article 8, Doge's current model, history, and community style have become its advantages in moving from 1.0 to POW2.0! And the upgrade is a "very, very, very, very" complex cryptography, mathematics, and sociology problem. Whether it is the underlying parameters of digital signatures or the consensus of proposals, it requires strong community cohesion and consensus to complete and must be absolutely "convincing"! Therefore, the existence of the X platform and Musk is the only way to reach a consensus. I don't think Bitcoin can easily accomplish this feat! At least the degree of smoothness will not be faster than Dogecoin, and the consensus will be more complete! I believe Musk has also seen this, and reminds SpaceX that it is already implementing quantum encryption! The U.S. Department of Commerce will announce a specific timetable for abolishing the existing RAS next! Why is it the Department of Commerce? This is the law, because in the future if you want to do business with the United States, the law stipulates that you must upgrade to a secure quantum algorithm. The United States is a law-driven system!
10. In the next few years, there will definitely be voices comparing the models of Bitcoin and Dogecoin! Once such voices appear, it is irreversible. In addition, the algorithm iteration from the government to the enterprise (Google and Apple are already doing it, including Musk's SpaceX) and finally to the cryptocurrency is an upgrade that cannot be avoided. At that time, all POW projects need to face "how to ensure security in the future" instead of pursuing the "original taste" of the past. To put it bluntly, Bitcoin's religiousism is worthless in the face of "security upgrades". Upgrades must be done! The encryption system is the crystallization of the algorithm, and the algorithm is composed of mathematics. No one can stop the progress of mathematics, not to mention a 1 trillion project, even 10 trillion is impossible! Bitcoin's religious discourse power will be very fragile in the future. Of course, PoS does not need to consider this issue, but how decentralized POW projects face this is a huge test! It cannot be said that Dogecoin can succeed 100%, but what I want to express is that if Dogecoin completes such a major paradigm shift, it will become a real "currency attribute" with a strong consensus and this is also irreversible! According to the current price of "$0.3", the market value of 800 billion US dollars may be seriously underestimated if it increases 20 times. Recently, I noticed that the X platform cancelled the "B" icon of Bitcoin and Musk's personal vision of Dogecoin peer-to-peer cash payment. I believe someone is playing a big game. I don't want conspiracy theories, I only say what I can see and verify! I can't be sure whether Musk has seen these, but the trend is the trend and he can't change it!
Finally, the PoW Dogecoin 2.0 vision: the model guarantees the miners' income in the long term and runs safely, can be used for point-to-point cash payment, can store value, and is a decentralized ownerless currency. It is funny and humorous with social attributes, which is easy to spread! The low unit price makes it easy for newcomers to hold and experience! Imagine if I were Musk, I would find a way to suppress the price of Dogecoin so that it can be controlled during the upgrade! And I won't reveal a word before that!
Please note that it will take time for the above to be implemented, so Doge is still in its very early stages! It does not constitute any investment advice!
