Sunday, February 14, 2021

The "Anti-Fragile" thesis for Dogecoin...

Let's first begin by examining different attack vectors on a crypto and why Doge is quite resistant against these different fragility factors:

Technological competition

Currently we see many coins boasting tps rates in the thousands per second. This is concerning for any investment in the crypto space, as your investment gets diluted every day by 100 new distributed ledger technologies. This is worse than the internet bubble because everyone is trying to cash in on a new bubble based on a precedent in the early days of the internet. Competition is much more fierce as a result. Doge doesn't compete on the tech, so it's safe from this threat entirely.

Brand competition (this almost never used to be a big thing, until BTC, BCH, Bitcoin Gold, Bitcoin Diamond, and BSV)

Doge has no competing Doge's, and if it did would almost never be taken seriously as Doge is not basing its claim to fame on some technological dogma (in this case dogema).

Bitcoin has a very split up and fractured brand which spans across a bunch of communities. Ethereum has Ethereum Classic which haunts its long term claim to brand honesty and transparency. All of this dilution and fracturing inevitably takes away from the underlying brand. That can almost never be fixed as there will always be bad blood surrounding the brand.

Attacks on the Ledger

Here, every coin faces the same threat, and it only grows each day with new technologies like Quantum Computing. I call this a wash. But if it were to happen, something tells me Doge would survive it, and the whole world would simply hunt down the perpetrator rather quickly because everyone loves Doge and its community.

Leaders stepping down

Now this is interesting, as you could argue that BTC didn't really take off until Satoshi left. Which is kind of ironic. So i will consider leaders stepping down as somewhat of a good thing when it comes to currency. (Doge doesn't have a leader, as the man who made it sold all his Dogecoin for a used Honda Civic)

Leaders doing fraudulent things

We all know what happened with Litecoin, and i'm not calling Charlie Lee a fraud, however it was perceived that way by the crypto space, which has the same effect. The brand loses loyal followers, and loses value as a result. (Doge doesn't have a leader, as the man who made it sold all his Dogecoin for a used Honda Civic.)

Leaders integrity being attacked in various ways

Many leaders in the crypto space have various integrity issues, which doesn't need to be named. It has affected those brands as a result. (i'll say it again, because its quite funny... Doge doesn't have a leader, as the man who made it sold all his Dogecoin for a used Honda Civic)

Price manipulation

Many coins in the space suffer from price manipulation because of greed. Doge doesn't let you be greedy unless your crazy (like me). I want all of the Dogecoin, but it's likely i'm the only person that does...

Community dilution (forking a coin)

Doge has a strong community and any fork of the coin will likely fail as it's rather a bigger joke to fork a joke (in a bad way)

Brand Appeal losing value

This is quite simple. Doge's brand only grows as this has been proven through many market cycles. The Doge brand is socially scalable to the masses.

Resilience against pump and dumps

This has to do with Brand Appeal, and we already know Doge doesn't dump without pumping once again in the future like a phoenix from the ashes.

Patent trolling

This is quite funny, and i would pay to watch the movie that would be inevitably made after someone tries to come after Doge on such a claim. Good luck... (i'm not a fan of stealing others ideas, but Doge's claim to fame is not it's tech, and i'm sure it's tech will change quite easily if such a thing happened.)

It's quite clear what's happening here... Doge floats like a piece of wood in a flood... It's ironic that the Black Swan event could actually be the realization that Dogecoin is less fragile long term... It's quite miraculous in many ways, but if you believe in the Doge Side of the Force like i do, then you just know its exactly as it should be...

--Doge Sidious

https://preview.redd.it/hb6koovgxkh61.jpg?width=480&format=pjpg&auto=webp&s=99cb641dd6d72abdb3d12940ceefaa0d3f6c7437


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