Dogecoin and the Appeal of Small Numbers
Great article, but I disagree with one point. I do believe the value of one Doge will reach one dollar.A 100 billion market cap is just ~8 times that of Bitcoins. If Doge succeeds at its goal of being the tipping currency for the internet it will reach at least one dollar.Update:To expound on my point, I think Dogecoin solves the single biggest crisis the Internet has created, and that is "How do we compensate people who create digital works that are infinitely reproducible?"This is Jaron Lanier's beat. Has the internet delivered in broadening the middle class? No, it has threatened the middle class.When people work for Likes, or reputation, instead of cash, they become impoverished.Dogecoin can solve this problem by being a viable micropayment system. It can bring a currency layer to the internet, undergirding everything. As coders, Doge allows us to work with currency as easily as we work with an API.The economic security of creators depends on being able to extract revenue in amounts greater than what advertising provides but less than what credit cards are capable of. All of the micropayment companies so far have failed. The prize is huge.I bought into Dogecoin because I was vexed by the problems Lanier pointed out to me and I saw it as a micropayments solution that has gained explosive traction in just six weeks.This is coming from someone whose HN comment history has been very down on cryptocurrency. I now have the fanatic zeal of a convert.