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Dogecoin hit USD $0.40 recently, which means it's time for the Crypto Rant.
TL;DR: Dogecoin is shit and is logically guaranteed to eventually fall unless it is fundamentally changed.
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If you know how Crypto works under the hood, you can skip to the next section. If you don't, here's the general xyz-coin formula:
Money is sent via transactions, which are validated by *anybody*.
Since transactions are validated by anybody, the system needs to make sure you're not fucking it up on purpose.
The current idea (that most coins use today) is called proof-of-work. In short, you're given an extremely difficult task, and the general idea is you wouldn't be willing to do that work if you were just going to fuck up the system.
For validating these transactions, you are rewarded twofold:
1) You are given a fixed-size prize of the currency from the system itself. This is how new currency is introduced, or "minted" if you prefer.
2) You are given variable-size and user-determined prize called "transaction fees", but it could be more accurately called a "bribe" since it's sole purpose is to entice miners to add YOUR transaction to their block.
This system of validation and reward is called mining.
===========================
This smaller section compares the design o f BTC to Dogecoin - which will lead to my final argument
In BTC, the time between blocks (chunks of data which record transactions and are added to the chain, hence blockchain) is ten minutes. Every ten minutes, BTC transactions are validated and new Bitcoins are born.
In Dogecoin, the time between blocks is only one minute. In Theory, this means that mining Dogecoin is about ten times easier, because the system expects you to be able to solve the proof of work in an average of one minute.
The huge difference between BTC and Doge is the block reward (Fixed amount; new coins minted). The block reward for BTC is somewhat complicated compared to Doge: It started as 50 BTC per block and every 4 years it is halved ("the great halving"). Right now it's 6.25 BTC per block. Soon, the block reward will be almost nothing until BTC hits it's max of 21 million bitcoins "minted".
Dogecoin reward is 10,000 coins per block. And it will be that way for the end of time - no maximum, no great halving. And remember, for every 1 BTC block mined, 10 Doge blocks are mined.
===========================
Bitcoin and Dogecoin are now the two most popular coins in pop culture. What makes me angry is the widespread misunderstanding of the differences between the two. It is likely that most investors buy Dogecoin thinking they're getting in "early" because it's so cheap. They think it's cheap because it isn't as popular as Bitcoin yet. They're wrong. It's cheap because of what's outlined in section two of this rant.
Dogecoin is actually not very far off Bitcoin. Do the math: there's a bit over 100 billion Dogecoin in circulation (130b). There's about 20 million BTC. Calculate their total CURRENT values:
130b * $0.40 = 52b
20m * $60k = 1.2t
...and Doge is rising much, much faster than BTC because of the aforementioned lack of understanding.
The most common thing I hear about Doge is that "nobody expects it to reach Bitcoin levels" (referring to being worth 60k a fucking coin). They don't realize that if Doge gets to be worth just $10 a coin, it will not just reach Bitcoin levels but overtake Bitcoin in value ($1.3T).
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It's worth highlighting that Dogecoin is literally designed to fail. Since it lacks a cap on new coins being introduced, it's just simple math that no matter how much Doge rises, it will eventually be worthless. And it won't take centuries, remember that 100k new Doge are mined EVERY TEN MINUTES. 1,440 minutes in a day * 10K per minute is 14.4 million new coins per day. That's damn near every Bitcoin to ever exist mined every day in Dogecoin
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!dev
Sorry if this is a bad read, pretty new to devRant and writing in general.
I can't help but think and think of how much I fucked up my opportunities to completely change my life/financial status a couple of times. Damn.
A few years back (it was 2009, I think) I was playing Diablo II online, helped some random guy get through the hard levels. Normally, in such situation the lower lvl player allowed the higher level guy to grab the valuable boss loot; however this time the guy except sharing the loot with me asked me if I want his spare 2000 bitcoin. I asked if it's of any value, he said "not really".
I said I'd contact him later, when I figure out how this thing works and how to setup a wallet.
Guess what, I was too lazy and forgot about this thing completely. Then we lost contact.
In 2010, I made a comeback to bitcoin, but instead of buying it, I downloaded the bitcoin client, the blockchain (it was 800 mb in size, I remember) and have been contributing by running it on my PC for like a year.
Finally decided to get it ~3 years ago. Bought 2.5 BTC for 400$.
Was holding it, until I fell for the "free OmniseGO" scam and somebody stole them off me.
All of these can't get out of my head.
I visit coinmarketcap literally every hour to see how much I could have now. My girlfriend, friends, family, all fail to cheer me up. I still made a pretty good deal buying 5.5 ETH for 45$ and thats like 2500$ soon, its nice but this much I can make by coding
Shit, what do I do to stop being stressed except for seeing a psychologist.
May my failure make you smile today4 -
I want to share my experience with Digital Tech Guard Recovery, which turned out to be a beacon of hope during a very dark time. I had $770,000 in Bitcoin stored in a wallet that suddenly became inaccessible due to a software corruption issue. This was not just a digital asset but a significant part of my financial future. The nightmare began when I unknowingly downloaded unverified software that turned out to be malicious. The malware not only corrupted my system but also led to a critical issue with my Bitcoin wallet. I had also changed the wallet encryption as a precaution, which made the situation even more complex. My attempts to use various recovery tools were futile, leaving me feeling utterly helpless and overwhelmed. The emotional roller coaster I went through was intense. Initially, I was in denial, thinking that maybe there was a simple fix I had overlooked. As time passed and my attempts continued to fail, despair began to set in. I felt like my hard-earned money was slipping away, and the thought of losing $770,000 was unbearable. Desperate for a solution, I reached out to Digital Tech Guard Recovery after reading some positive reviews. From the moment I contacted them, I was struck by their professionalism and empathy. They understood the gravity of my situation and were transparent about the challenges they would face. Their team was quick to assess the problem and began working on recovering my wallet immediately.
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My father had always been sharp, focused, and in control of everything—especially when it came to his finances. He had invested early in Bitcoin and built up an impressive portfolio worth $400,000. But after his stroke, everything changed. He lost his ability to manage even the simplest tasks, including operating his Bitcoin wallets or email. It was devastating to watch this once strong, intelligent man now unable to remember the recovery phrases he had so carefully stored.
As the family gathered around him, hoping for his recovery, the reality set in—he was the only one who knew how to access his cryptocurrency holdings. My father had never shared his recovery phrases, and now with him unable to function cognitively, we were locked out of his wallets. That $400,000 in Bitcoin was our family’s financial security, and without access to it, we were facing a very uncertain future.
In my desperation, I started searching for help online and came across Folkwin Expert Recovery. They seemed like the lifeline we desperately needed. After explaining our situation—how my father could no longer access his wallets or even remember where his recovery phrases were stored—the team at Folkwin Expert Recovery responded quickly and professionally. Their confidence and calm approach immediately reassured me that we weren’t alone in this struggle.
The team at Folkwin Expert Recovery worked tirelessly, using their expertise to help trace the digital pathways and regain access to my father’s cryptocurrency wallets. I cannot express the relief I felt when they were able to recover the $400,000 worth of Bitcoin that my father had locked away. It was nothing short of miraculous.
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This experience taught me what it means to be a hero. Folkwin Expert Recovery stepped in when our family needed them the most, giving us not only financial security but also the peace of mind that comes with knowing our assets are safe. They were the heroes in our time of need, and I am forever grateful for their expertise and compassion.
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Regards,
Julius D Helene.
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HOW TO RECOVER YOUR STOLEN CRYPTOCURRENCIES? HIRE CERTIFIED RECOVERY SERVICES
A Bitcoin hardware wallet is often considered the ultimate security measure, the fail-safe that protects your assets from theft, hacking, or any other risks. Unless you lose it during a move, and that’s exactly what I did.
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What really set CERTIFIED RECOVERY SERVICES apart was their professionalism and transparency. While I was frazzled and overwhelmed, they were calm and focused. They kept me updated at every stage of the process, providing clear explanations about what they were doing and why. This level of communication was invaluable, as it gave me a sense of control over a situation that was otherwise completely out of my hands.
Another major plus was their honest, upfront pricing. There were no hidden fees or surprise charges, which made the entire process less stressful. I knew exactly what I was paying for, and I appreciated the transparency throughout the entire recovery process.
And then, after a tense waiting period, I got the call I had been hoping for: They had recovered my Bitcoin. Every single penny of my $450,000 was safely returned to my wallet. The relief I felt was indescribable. It was a huge weight off my shoulders, and I couldn’t believe my luck.
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FORE MORE INFO:
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WhatsApp: +1 (740) 258‑1417
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After falling victim to a fraudulent Bitcoin mining scam, I found myself in a desperate situation. I had invested $50,000 into a cloud mining website called Miningpool, which turned out to be a complete scam. For months, I tried reaching out to the company, but I was unable to access my funds, and I quickly realized I had been taken for a ride. In my search for help, I came across TrustGeeks Hack Expert, a service that claimed to help people recover lost funds from crypto scams. Though skeptical at first, I decided to give them a try. Here’s my experience with their service.When I initially contacted TrustGeeks Hack Expert E m a i l.. Trustgeekshackexpert {At} fast service {Dot} com , I was understandably hesitant. Like many others, I had been tricked into believing my Bitcoin investments were legitimate, only to discover they were locked in a non-spendable wallet with no way of accessing them. However, after sharing my story and details about the scam, the team assured me they had handled similar cases and had the expertise to help. They requested basic information about my investment and began their investigation immediately. The recovery process was nothing short of professional. Unlike many other services that promise quick fixes but fail to deliver, TrustGeeks Hack Expert kept me informed at every stage. They regularly updated me on their progress and were completely transparent about the challenges they faced. There were moments when I wondered if the process would work, but the team’s professionalism and reassurance gave me hope. They were honest about the time it would take and did not make any unrealistic promises, which I truly appreciated. After several weeks of work, TrustGeeks Hack Expert successfully recovered not just my $50,000 investment, but also the so-called profits that had been locked away in the scam's non-spendable wallet. This was a huge relief, as I had resigned myself to the idea that I had lost everything. The entire recovery process was discreet and handled with the utmost care, ensuring that the scam company remained unaware of the recovery efforts, which helped prevent further complications. Tele Gram iD. Trust geeks hack expert & W h a t's A p p +1 7 1 9 4 9 2 2 6 9 3
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To be honest, not all recovery agents are legitimate. After several attempts to reach out to different recovery agents, I found that many were scams. It became a frustrating experience, as each one seemed more interested in my money than actually helping me recover my losses. At one point, I had nearly given up hope of getting my funds back, until someone from my church recommended CERTIFIED RECOVERY SERVICES. Intrigued and desperate, I decided to reach out to them. I'm so glad I did. From the very first interaction, the service provided by CERTIFIED RECOVERY SERVICES was nothing short of professional and efficient. They took the time to listen to my story and understood the urgency of my situation. They assured me that they would do everything in their power to help recover my lost funds. I had initially lost money through three different hyper-yielding investment platforms: Moni Global, Hybrid trading, and Reserve FX. All three companies claimed to have their operations registered in both the UK and the US, but I soon realized they were nothing more than fraudulent schemes designed to deceive investors like myself. These companies initially lured me in with promises of high returns, claiming to be licensed and operating legally. They had all the necessary paperwork and websites, which made them appear legitimate. I invested my money, expecting great returns, but instead, I ended up losing everything. After some time, I couldn’t get in touch with anyone from these platforms, and it became apparent that I had been scammed. At this point, I was desperate and didn’t know where to turn. That’s when CERTIFIED RECOVERY SERVICES stepped in. They quickly analyzed my case and began working on my behalf, investigating these companies and their fraudulent practices. They made sure to keep me updated at every step, which gave me a sense of reassurance throughout the entire process. To my surprise, they were able to recover my lost funds in full. This was an incredibly satisfying outcome, and I truly appreciated their dedication and expertise. Their transparency and professionalism stood out in stark contrast to the many scammers I had encountered previously. If anyone finds themselves in a similar situation, I wholeheartedly recommend CERTIFIED RECOVERY SERVICES for their outstanding services and their ability to deliver results when others fail.
FORE MORE INFO:
Company: CERTIFIED RECOVERY SERVICES
WhatsApp: +1 (740) 258‑1417
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