CON

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Fedshmoker

[https://www.youtube.com/watch?v=e5nyQmaq4k4](https://www.youtube.com/watch?v=e5nyQmaq4k4) HEYYYYYYYY HEY HEY GOOD AFTERNOON GOOD MORNING GOOD EVENING TO EVERYONE FROM AROUND THE WORLD THIS IS CARLOS MATOS BROADCASTING LIVE FROM THE BRONX NEW YORK CITYYYYY....BEEEEEE-CON-REKT

Comprehensive-Belt40

Why do BTC maxi always compare BTC with Gold? If the narrative is that BTC is nothing like Gold, then you can't pick and choose only the PRO part of Gold but nothing about the CON side. Gold is also highly manipulated by the big banks... it can drop 10s of Billions in value by naked shorting Total amount of paper gold is over 10x total supply.. price constantly being suppressed. Yet.. no one say anything about it. IMO, people who say BTC is not like gold or better than gold can't just pick and choose good factors from gold. They lose all credibility. BTC on itself is fine.. it goes up and down, if you want to compare with gold etf then compare everything. not just one single point.

makelegs

Of course it promotes spending! What choice does anyone have? It can't be saved for any meaningful amount of time. It's practically self defense! What you've failed to address is the inability for the average person to save and plan for their future. Rich people by assets, which increases in value (primarily due to inflation), getting more and more out of reach for those living check to check. They can't afford to buy OR save. The idea that an economy should ever require that folks spend as much as they can, as fast as they can, all the time, as the value is constantly debased without their consent or likely benefit... That's the dumb idea. If you work X-time for Y-$$$, and elect to save it for a rainy day, it shouldn't be allowed to evaporate before it ever rains... and surely not "fOr tHe SaKe oF tHe eee-CON-oMy" It's theft. Deep down you know it, too. Study BTC, sir 🫡

CointestMod

#IOTA Con-Arguments Below is a IOTA con-argument written by DaddySkates. > u\/blendzi0r already described most of the IOTA issues pretty awesomely. > > For me IOTAs biggest CON is the reason that while it is one or the longest standing coins that has held through many crypto winters, it is after a complete rewamp almost a completely different project as a whole. > > I hope Im wrong but it sounds to me like they are trying to re-do everything from the ground up and given the fact that they were one of the slowest developing projects in the past, I fail to see how they are going to rebuild everything without leaving the investors wait for another couple of years once again. > > I also feel really bearish on it because they already have had a lot of adopters on board and project was still moving with snail like speed. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_IOTA) to find submissions for other topics.

EpicHasAIDS

The risk is that BTC goes way up and they get "called away" and have to rebuy BTC at a higher price. Covered call strategies are as old as time. This one was developed because call premiums are high on crypto. Holding this is really no more risky than holding BTC. The PRO is you get a yield. The CON is you will make less money in extremely rapid, short term UPSWING.

CointestMod

#Aave Con-Arguments Below is a Aave con-argument written by CreepToeCurrentSea. > Aave (originally called ETHLend) is a decentralized platform in which users can participate as depositors or borrowers. Depositors profit by providing liquidity to a specific market pair, whereas borrowers borrow by providing collateral, either overcollateralized or undercollateralized. > > # CON's > > **Hard Learning Barrier** > > * At this point, beginners in crypto or even in finance will have a hard time navigating and communicating through the Aave platform. While it offers the most various and complex modes of staking, lending, and borrowing through various cryptocurrencies, that same amount of variety also adds up to the complexity of choosing which one will suit a user's preference. Most novice users would want a platform that is easier to use and less complicated. > > **Smart Contract Risk** > > * While being an open source and audited platform with active bug bounties gives Aave great security, it will not prevent exploiters/hackers from finding holes within the smart contract or the code, especially given that it is currently the highest ranking crypto platform in terms of lending. Aave must be constantly monitoring and be prepared to improve security and fix potential exploits within their platform. It could take just one bad actor's discovery to impede Aave's development, or worse, completely drain and sink it. > > **Liquidation Risk** > > * While this is not limited to Aave, it should be noted that this is an important point that users should be aware of. Aave has various protocol risk management protocols within its system to avoid liquidation risk, but even with that, it cannot control external factors that affect the overall status of the market, which combined with actions made by the user interacting within the platform. One example would be the possible de-pegging of a specific stablecoin, which would cause an imbalance in one or more pairs on the Aave platform, putting lenders/borrowers in a difficult position to either withdraw their deposited assets or pay up their incurred debts due to forced liquidation. Although Aave has governance protocols in place to prevent this from happening in a difficult situation, they would still need time to reach consensus before acting on their finalized decision. > > **Ethereum Dependent** > > * The one major complaint within the Ethereum ecosystem is the ridiculous gas fees, which, while more predictable now thanks to it's upgrades over the years, have yet to reach the expected preference of crypto users in the space. Aave, as an Ethereum-based token and platform, will share the Ethereum Network's popularity and difficulties. Another issue is that it is overly focused on being primarily in the Ethereum network, which limits its growth to users who prefer other networks with lower fees and faster transactions. Finally, the fact that there is always the possibility of the Ethereum Network going down or experiencing delays (due to high network congestion or some other external factor) will have a direct impact on Aave. > > **Overcollaterization** > > * Overcollaterization is Aave's final and possibly most important counter-argument. Aave, as a decentralized platform, welcomes any user to interact with it, which means it has no clear information on whether a user will be able to repay their loans plus interest. In order to be approved, users must provide collateral worth more than the requested loan amount. This would reduce user interest in interacting with the Aave platform because not all of them have the required amount to even request a loan. The intention was to protect lenders, which actually work in their type of system, but it's important to note that imposing this type of method will limit the users interested in borrowing. > > Being at the number one spot of Lending in Crypto is a great feat. Aave has cultivated itself to be at the top and that means there are bad actors who have there crosshairs directed at the best. Their community and developers are steadily working hard to keep up with the times where multiple crypto projects are trying to be the better lending platform and maybe someday they will be able to tackle most of their common issues right now but it still stands that Aave, like many other crypto-lending platforms, are prone to exploits and hacks. What I would want for Aave, is to have a better user-friendly platform while still offer the various features that make it unique and a lightning fast governance protocol that would leave exploiters/hackers in the dust. > > *Sources:* > > [*https://docs.aave.com/faq/*](https://docs.aave.com/faq/) > > [*https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022\_SigmaPrime\_AaveV3.pdf*](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf) > > [*https://github.com/aave/bug-bounty*](https://github.com/aave/bug-bounty) > > [*https://docs.aave.com/hub/*](https://docs.aave.com/hub/) > > [*https://docs.aave.com/aavenomics/safety-module*](https://docs.aave.com/aavenomics/safety-module) > > [*https://aave.com/#governance*](https://aave.com/#governance) > > [*https://governance.aave.com/*](https://governance.aave.com/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://aave.mirror.xyz/*](https://aave.mirror.xyz/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://docs.aave.com/risk/*](https://docs.aave.com/risk/) > > [*https://defillama.com/protocol/aave*](https://defillama.com/protocol/aave) > > [*https://academy.binance.com/en/articles/what-is-aave*](https://academy.binance.com/en/articles/what-is-aave) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Aave) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Impossible-Injury932

PRO 1) Free 2) Established community. CON 1) No use case after governance which limits use to only community 2) Needs an exchange listing

femanon_cro

PRO: sceptics, fearful and tradd investors can get to know bitcoin better through an ETF, become more comfortable with the idea of it and eventually, hopefully, adopt the real thing in the future, leading to more common acceptance ​ CON: possible, and very likely, horrible price manipulation, which is common market practice ​ CONCLUSION: bitcoin doesn't care, bitcoin goes brrrr

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

furysammy

The name suggest itself a CON

Embarrassed-Age770

🚀 Unlock a new era of trust in NFTs with CON10CRAZE! We're all about officially licensed and copyrighted media, ensuring artists and collectors build trust. Own the media, own the moment! 🎨 #NFTs #CryptoArt #CON10CRAZE

Embarrassed-Age770

🚀 Unlock a new era of trust in NFTs with CON10CRAZE! We're all about officially licensed and copyrighted media, ensuring artists and collectors build trust. Own the media, own the moment! 🎨 #NFTs #CryptoArt #CON10CRAZE

InfinityDoesSilph

Unknown maker and status, with the biggest wallet there is. Seems CON-worthy.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

AncestralMano

Agree with all the PROS, L2 is solving only CON and that is gas fees. We can only go up.

MarcoVinicius

NO ONE LISTEN TO THIS MAN! HE’S A FREAKING CON-ARTIST, SCAMMER OR JUST A MORON. You’re fucking insane to suggest people put their savings into a volatile crypto currency. Buy a little, sure. Use as savings? That’s insane. No one should ever listen to you about anything. This is the dumbest thing I’ve heard, ever.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Equivalent-Total1801

Buying music, but better PRO: Artists receive fair compensation CON: This is not a Linkin ParkxJay-Z track, it's video of someone being beheaded by Al Quaeda

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Aave Con-Arguments Below is a Aave con-argument written by CreepToeCurrentSea. > Aave (originally called ETHLend) is a decentralized platform in which users can participate as depositors or borrowers. Depositors profit by providing liquidity to a specific market pair, whereas borrowers borrow by providing collateral, either overcollateralized or undercollateralized. > > # CON's > > **Hard Learning Barrier** > > * At this point, beginners in crypto or even in finance will have a hard time navigating and communicating through the Aave platform. While it offers the most various and complex modes of staking, lending, and borrowing through various cryptocurrencies, that same amount of variety also adds up to the complexity of choosing which one will suit a user's preference. Most novice users would want a platform that is easier to use and less complicated. > > **Smart Contract Risk** > > * While being an open source and audited platform with active bug bounties gives Aave great security, it will not prevent exploiters/hackers from finding holes within the smart contract or the code, especially given that it is currently the highest ranking crypto platform in terms of lending. Aave must be constantly monitoring and be prepared to improve security and fix potential exploits within their platform. It could take just one bad actor's discovery to impede Aave's development, or worse, completely drain and sink it. > > **Liquidation Risk** > > * While this is not limited to Aave, it should be noted that this is an important point that users should be aware of. Aave has various protocol risk management protocols within its system to avoid liquidation risk, but even with that, it cannot control external factors that affect the overall status of the market, which combined with actions made by the user interacting within the platform. One example would be the possible de-pegging of a specific stablecoin, which would cause an imbalance in one or more pairs on the Aave platform, putting lenders/borrowers in a difficult position to either withdraw their deposited assets or pay up their incurred debts due to forced liquidation. Although Aave has governance protocols in place to prevent this from happening in a difficult situation, they would still need time to reach consensus before acting on their finalized decision. > > **Ethereum Dependent** > > * The one major complaint within the Ethereum ecosystem is the ridiculous gas fees, which, while more predictable now thanks to it's upgrades over the years, have yet to reach the expected preference of crypto users in the space. Aave, as an Ethereum-based token and platform, will share the Ethereum Network's popularity and difficulties. Another issue is that it is overly focused on being primarily in the Ethereum network, which limits its growth to users who prefer other networks with lower fees and faster transactions. Finally, the fact that there is always the possibility of the Ethereum Network going down or experiencing delays (due to high network congestion or some other external factor) will have a direct impact on Aave. > > **Overcollaterization** > > * Overcollaterization is Aave's final and possibly most important counter-argument. Aave, as a decentralized platform, welcomes any user to interact with it, which means it has no clear information on whether a user will be able to repay their loans plus interest. In order to be approved, users must provide collateral worth more than the requested loan amount. This would reduce user interest in interacting with the Aave platform because not all of them have the required amount to even request a loan. The intention was to protect lenders, which actually work in their type of system, but it's important to note that imposing this type of method will limit the users interested in borrowing. > > Being at the number one spot of Lending in Crypto is a great feat. Aave has cultivated itself to be at the top and that means there are bad actors who have there crosshairs directed at the best. Their community and developers are steadily working hard to keep up with the times where multiple crypto projects are trying to be the better lending platform and maybe someday they will be able to tackle most of their common issues right now but it still stands that Aave, like many other crypto-lending platforms, are prone to exploits and hacks. What I would want for Aave, is to have a better user-friendly platform while still offer the various features that make it unique and a lightning fast governance protocol that would leave exploiters/hackers in the dust. > > *Sources:* > > [*https://docs.aave.com/faq/*](https://docs.aave.com/faq/) > > [*https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022\_SigmaPrime\_AaveV3.pdf*](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf) > > [*https://github.com/aave/bug-bounty*](https://github.com/aave/bug-bounty) > > [*https://docs.aave.com/hub/*](https://docs.aave.com/hub/) > > [*https://docs.aave.com/aavenomics/safety-module*](https://docs.aave.com/aavenomics/safety-module) > > [*https://aave.com/#governance*](https://aave.com/#governance) > > [*https://governance.aave.com/*](https://governance.aave.com/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://aave.mirror.xyz/*](https://aave.mirror.xyz/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://docs.aave.com/risk/*](https://docs.aave.com/risk/) > > [*https://defillama.com/protocol/aave*](https://defillama.com/protocol/aave) > > [*https://academy.binance.com/en/articles/what-is-aave*](https://academy.binance.com/en/articles/what-is-aave) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Aave) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

slug_tamer

Next up: Sam CON MAN

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

LemonTurnip69

Very true, I guess it can't hurt to do some linked in stalking and throw out some messages. Keep an eye out for Construct Chain [CON] next year haha. Sounds like a rug pull already

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Swoopscooter

Cons ... "Widespread adoption of PoC could start an "arms race" to produce higher capacity hard drives." driving innovation could be a PRO instead of a CON in my opinion

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

ineedmoney2023

>should I talk to my friend why they're talking me into a scam? I'm very sorry, bro. That person is not your friend. That person is a scammer who has gained your trust and confidence. They are a **con**fidence man. A CON man. I am sorry.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Aave Con-Arguments Below is a Aave con-argument written by CreepToeCurrentSea. > Aave (originally called ETHLend) is a decentralized platform in which users can participate as depositors or borrowers. Depositors profit by providing liquidity to a specific market pair, whereas borrowers borrow by providing collateral, either overcollateralized or undercollateralized. > > # CON's > > **Hard Learning Barrier** > > * At this point, beginners in crypto or even in finance will have a hard time navigating and communicating through the Aave platform. While it offers the most various and complex modes of staking, lending, and borrowing through various cryptocurrencies, that same amount of variety also adds up to the complexity of choosing which one will suit a user's preference. Most novice users would want a platform that is easier to use and less complicated. > > **Smart Contract Risk** > > * While being an open source and audited platform with active bug bounties gives Aave great security, it will not prevent exploiters/hackers from finding holes within the smart contract or the code, especially given that it is currently the highest ranking crypto platform in terms of lending. Aave must be constantly monitoring and be prepared to improve security and fix potential exploits within their platform. It could take just one bad actor's discovery to impede Aave's development, or worse, completely drain and sink it. > > **Liquidation Risk** > > * While this is not limited to Aave, it should be noted that this is an important point that users should be aware of. Aave has various protocol risk management protocols within its system to avoid liquidation risk, but even with that, it cannot control external factors that affect the overall status of the market, which combined with actions made by the user interacting within the platform. One example would be the possible de-pegging of a specific stablecoin, which would cause an imbalance in one or more pairs on the Aave platform, putting lenders/borrowers in a difficult position to either withdraw their deposited assets or pay up their incurred debts due to forced liquidation. Although Aave has governance protocols in place to prevent this from happening in a difficult situation, they would still need time to reach consensus before acting on their finalized decision. > > **Ethereum Dependent** > > * The one major complaint within the Ethereum ecosystem is the ridiculous gas fees, which, while more predictable now thanks to it's upgrades over the years, have yet to reach the expected preference of crypto users in the space. Aave, as an Ethereum-based token and platform, will share the Ethereum Network's popularity and difficulties. Another issue is that it is overly focused on being primarily in the Ethereum network, which limits its growth to users who prefer other networks with lower fees and faster transactions. Finally, the fact that there is always the possibility of the Ethereum Network going down or experiencing delays (due to high network congestion or some other external factor) will have a direct impact on Aave. > > **Overcollaterization** > > * Overcollaterization is Aave's final and possibly most important counter-argument. Aave, as a decentralized platform, welcomes any user to interact with it, which means it has no clear information on whether a user will be able to repay their loans plus interest. In order to be approved, users must provide collateral worth more than the requested loan amount. This would reduce user interest in interacting with the Aave platform because not all of them have the required amount to even request a loan. The intention was to protect lenders, which actually work in their type of system, but it's important to note that imposing this type of method will limit the users interested in borrowing. > > Being at the number one spot of Lending in Crypto is a great feat. Aave has cultivated itself to be at the top and that means there are bad actors who have there crosshairs directed at the best. Their community and developers are steadily working hard to keep up with the times where multiple crypto projects are trying to be the better lending platform and maybe someday they will be able to tackle most of their common issues right now but it still stands that Aave, like many other crypto-lending platforms, are prone to exploits and hacks. What I would want for Aave, is to have a better user-friendly platform while still offer the various features that make it unique and a lightning fast governance protocol that would leave exploiters/hackers in the dust. > > *Sources:* > > [*https://docs.aave.com/faq/*](https://docs.aave.com/faq/) > > [*https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022\_SigmaPrime\_AaveV3.pdf*](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf) > > [*https://github.com/aave/bug-bounty*](https://github.com/aave/bug-bounty) > > [*https://docs.aave.com/hub/*](https://docs.aave.com/hub/) > > [*https://docs.aave.com/aavenomics/safety-module*](https://docs.aave.com/aavenomics/safety-module) > > [*https://aave.com/#governance*](https://aave.com/#governance) > > [*https://governance.aave.com/*](https://governance.aave.com/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://aave.mirror.xyz/*](https://aave.mirror.xyz/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://docs.aave.com/risk/*](https://docs.aave.com/risk/) > > [*https://defillama.com/protocol/aave*](https://defillama.com/protocol/aave) > > [*https://academy.binance.com/en/articles/what-is-aave*](https://academy.binance.com/en/articles/what-is-aave) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Aave) to find submissions for other topics.

CointestMod

#Aave Con-Arguments Below is a Aave con-argument written by CreepToeCurrentSea. > Aave (originally called ETHLend) is a decentralized platform in which users can participate as depositors or borrowers. Depositors profit by providing liquidity to a specific market pair, whereas borrowers borrow by providing collateral, either overcollateralized or undercollateralized. > > # CON's > > **Hard Learning Barrier** > > * At this point, beginners in crypto or even in finance will have a hard time navigating and communicating through the Aave platform. While it offers the most various and complex modes of staking, lending, and borrowing through various cryptocurrencies, that same amount of variety also adds up to the complexity of choosing which one will suit a user's preference. Most novice users would want a platform that is easier to use and less complicated. > > **Smart Contract Risk** > > * While being an open source and audited platform with active bug bounties gives Aave great security, it will not prevent exploiters/hackers from finding holes within the smart contract or the code, especially given that it is currently the highest ranking crypto platform in terms of lending. Aave must be constantly monitoring and be prepared to improve security and fix potential exploits within their platform. It could take just one bad actor's discovery to impede Aave's development, or worse, completely drain and sink it. > > **Liquidation Risk** > > * While this is not limited to Aave, it should be noted that this is an important point that users should be aware of. Aave has various protocol risk management protocols within its system to avoid liquidation risk, but even with that, it cannot control external factors that affect the overall status of the market, which combined with actions made by the user interacting within the platform. One example would be the possible de-pegging of a specific stablecoin, which would cause an imbalance in one or more pairs on the Aave platform, putting lenders/borrowers in a difficult position to either withdraw their deposited assets or pay up their incurred debts due to forced liquidation. Although Aave has governance protocols in place to prevent this from happening in a difficult situation, they would still need time to reach consensus before acting on their finalized decision. > > **Ethereum Dependent** > > * The one major complaint within the Ethereum ecosystem is the ridiculous gas fees, which, while more predictable now thanks to it's upgrades over the years, have yet to reach the expected preference of crypto users in the space. Aave, as an Ethereum-based token and platform, will share the Ethereum Network's popularity and difficulties. Another issue is that it is overly focused on being primarily in the Ethereum network, which limits its growth to users who prefer other networks with lower fees and faster transactions. Finally, the fact that there is always the possibility of the Ethereum Network going down or experiencing delays (due to high network congestion or some other external factor) will have a direct impact on Aave. > > **Overcollaterization** > > * Overcollaterization is Aave's final and possibly most important counter-argument. Aave, as a decentralized platform, welcomes any user to interact with it, which means it has no clear information on whether a user will be able to repay their loans plus interest. In order to be approved, users must provide collateral worth more than the requested loan amount. This would reduce user interest in interacting with the Aave platform because not all of them have the required amount to even request a loan. The intention was to protect lenders, which actually work in their type of system, but it's important to note that imposing this type of method will limit the users interested in borrowing. > > Being at the number one spot of Lending in Crypto is a great feat. Aave has cultivated itself to be at the top and that means there are bad actors who have there crosshairs directed at the best. Their community and developers are steadily working hard to keep up with the times where multiple crypto projects are trying to be the better lending platform and maybe someday they will be able to tackle most of their common issues right now but it still stands that Aave, like many other crypto-lending platforms, are prone to exploits and hacks. What I would want for Aave, is to have a better user-friendly platform while still offer the various features that make it unique and a lightning fast governance protocol that would leave exploiters/hackers in the dust. > > *Sources:* > > [*https://docs.aave.com/faq/*](https://docs.aave.com/faq/) > > [*https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022\_SigmaPrime\_AaveV3.pdf*](https://github.com/aave/aave-v3-core/blob/master/audits/27-01-2022_SigmaPrime_AaveV3.pdf) > > [*https://github.com/aave/bug-bounty*](https://github.com/aave/bug-bounty) > > [*https://docs.aave.com/hub/*](https://docs.aave.com/hub/) > > [*https://docs.aave.com/aavenomics/safety-module*](https://docs.aave.com/aavenomics/safety-module) > > [*https://aave.com/#governance*](https://aave.com/#governance) > > [*https://governance.aave.com/*](https://governance.aave.com/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://aave.mirror.xyz/*](https://aave.mirror.xyz/) > > [*https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave\_V3\_Technical\_Paper.pdf*](https://github.com/aave/aave-v3-core/blob/master/techpaper/Aave_V3_Technical_Paper.pdf) > > [*https://docs.aave.com/risk/*](https://docs.aave.com/risk/) > > [*https://defillama.com/protocol/aave*](https://defillama.com/protocol/aave) > > [*https://academy.binance.com/en/articles/what-is-aave*](https://academy.binance.com/en/articles/what-is-aave) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Aave) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

FattestLion

Robinhood CON(nect)

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by CreepToeCurrentSea. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12mirsr/daily_general_discussion_april_15_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12h0j8p/daily_general_discussion_april_10_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12f4i0t/daily_general_discussion_april_8_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12c1jzm/daily_general_discussion_april_5_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12c1jzm/daily_general_discussion_april_5_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12b2qsq/daily_general_discussion_april_4_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12b2qsq/daily_general_discussion_april_4_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12a301e/daily_general_discussion_april_3_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12a301e/daily_general_discussion_april_3_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12a301e/daily_general_discussion_april_3_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/128gijt/monthly_optimists_discussion_april_2023/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/12245jo/daily_general_discussion_march_26_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1213q21/daily_general_discussion_march_25_2023_gmt0/).

Belzebump

We should make a rapbattle between them. But who will we choose for PRO and who for CON?

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/11x0o4v/daily_general_discussion_march_21_2023_gmt0/).

OutTop

Every day I get 5 people in my dm saying to join their PUMP AND DUMP TELAGRAM SIGNAL GROUP. BIT CON FUTURE TRADING group. So annoying lol

FluffayPenguin

> Being a part of this sub for a while now, I've learned that if there's anything thats posting anything bearish it will be downvoted to hell This is categorically false. Plenty of CON posts that make front page of this sub all the time.

Honey_-_Badger

A decentralised project having CEO and CFO is enough CON for me.

L0ckeandDemosthenes

Been Putting The "I" in CON-BASE for years.

Odysseus_Lannister

He’s a fucking *CON ARTIST* [source](https://m.youtube.com/watch?v=SMaTLkUKFgM)

Mrramirez44

PRO: coins potentially 🚀 CON: My personal info or account gets hacked

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1151l7p/daily_general_discussion_february_18_2023_gmt0/).

Supreme-Serf

Sorry, you did mentioned it, but it deserves much more attention. And should be listed as a CON. BTW hate to appear too critical and it was a good post. ​ Druckenmiller BTW the blog wolfstreet dot com is good to follow for inflation.

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/110u63u\/daily_general_discussion_february_13_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1101teu\/daily_general_discussion_february_12_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1101teu\/daily_general_discussion_february_12_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10z6vqg/daily_general_discussion_february_11_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10whfyz/daily_general_discussion_february_8_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).

CointestMod

#Dogecoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Dogecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Dogecoin is a cryptocurrency that was created by IBM engineers as a joke aimed at cryptocurrency investors on December 6, 2013. It was regarded as the first meme coin, featuring the well-known meme dog "Doge." It has had its fair share of criticisms and triumphs, as well as media problems, particularly with regard to Elon Musk, CEO of Tesla, who also considers himself the "Dogefather." Dogecoin is now in the top ten in terms of cryptocurrency market capitalization, with a trading volume of around $233,000,000, and is down 90% from its all-time high. > > # CON's > > **Memecoin Limitations** > > * Even though it has progressed from being created as a joke to a now well-known coin in the top 10, Dogecoin is still limited to being considered a "memecoin." Even recent articles from news and social media outlets see Dogecoin as nothing more than a memecoin with a historical advantage over other memecoins. There isn't much innovation going on in the development of Dogecoin, either. While they may have developed a wallet and have some other dev blogs, it still doesn't keep up with the development of the other coins in the top ten by marketcap. The main point of this argument is that Dogecoin's utility is limited to being called money; aside from that, there isn't much going on right now that would significantly impact their position, and they may eventually be labeled a memecoin. > > **Unlimited Supply** > > * There will only be 21 million BTC available, with the final one expected in 2140. In comparison to Doge, which is theoretically endless in supply, it is an undesirable asset to hedge against inflation when paired with infinite mining, which will demand more advanced mining equipment in the future. It also doesn't help that it utilises the Proof of Work concensus, which necessitates a growth in miners in order to maintain the infinitely increasing amount of transactions. If Dogecoin and it's community is really serious about being one of the real deals of crypto, it must find a way to overcome a inflationary limitations imposed on it's code. > > **Price Manipulation by Famous People** > > * It's no secret that notable celebrities and artists are voicing their support for Dogecoin on social media. While this type of support is not illegal and does not depict any known premeditated acts of a pump and dump, it does not stop retail investors, day traders, long term hodlers, and whales from anticipating any post/interaction made by these celebrities with Doge and using the hype it created as an exploitative exit liquidity. Elon Musk, the CEO of Tesla, is the most well-known famous person that has been public about Doge. There are other celebrities and musicians (Snoop Dogg, Gene Simmons, Marques Brownlee, YouTubers Jake Paul and Logan Paul), but Elon has gathered the most popular backing, to the point where he was sued in federal court in Manhattan for $258 billion in damages. According to the plaintiff, Musk utilized his vast social media influence to promote the memecoin, fraudulently inflating its price. > > *Sources:* > > [*https://dogecoin.com/*](https://dogecoin.com/) > > [*https://www.coingecko.com/en/coins/dogecoin#markets*](https://www.coingecko.com/en/coins/dogecoin#markets) > > [*https://www.reddit.com/r/dogecoin/*](https://www.reddit.com/r/dogecoin/) > > [*https://foundation.dogecoin.com/*](https://foundation.dogecoin.com/) > > [*https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle*](https://www.benzinga.com/markets/cryptocurrency/22/10/29387913/is-elon-musk-finally-giving-utility-to-dogecoin-twitter-reportedly-working-on-crypto-walle) > > [*https://www.dmarge.com/dogecoin-price-prediction*](https://www.dmarge.com/dogecoin-price-prediction) > > [*https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/*](https://www.gfinityesports.com/cryptocurrency/dogecoin-how-many-coins-in-circulation-is-there-a-cap/) > > [*https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270*](https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270) > > [*https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/*](https://bitcoinafrica.io/2022/02/28/famous-dogecoin-supporters/) > > [*https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html*](https://finance.yahoo.com/news/8-celebrities-were-barking-dogecoin-205843101.html) > > [*https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/*](https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgs5x/coin_inquiries_dogecoin_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10pid71/daily_general_discussion_january_31_2023_gmt0/).

orville_w

Just an observation, but wow... how even more complicated can you make something by adding caveats, warnings, fine-print, proviso's and 'we-told-you-so we-got-you you-loose' legalese math based minutiae rules? As if NFT governance tokens and their ilk are not already dangerously wishy-washy enough before jumping in with your eyes closed...(btw did you read the CON's for Moons and MoonPlace? This whole thing is a fine example of why good people want to stay away from this kind of convoluted overly complex offering (even though all 10,000 plots have now been purchased in only 3 days). It a great example of why fools-jump-in with their eyes closed for FOMO of their "Generational Wealth creation event". IMO, a Public Service Announcement (& negative dirty laundry airing) tends to work against projects like this; and has got to be lowering the quality of these projects users (which is already low). The obvious question is: What other caveats, rules and conditions are lurking under the surface? just waiting to penalize users even more? as they try to get ahead of the game?

orville_w

Just an observation, but wow... how even more complicated can you make something by adding caveats, warnings, fine-print, proviso's and 'we-told-you-so we-got-you you-loose' legalese math based minutiae rules? As if NFT governance tokens and their ilk are not already dangerously wishy-washy enough before jumping in with your eyes closed...(btw did you read the CON's for Moons and MoonPlace?): https://www.reddit.com/r/CointestOfficial/comments/sife2c/coin\_inquiries\_moons\_conarguments\_february\_2022/ This whole thing is a good example of why good people want to stay away from this kind of convoluted overly complex offering (even though all 10,000 plots have now been purchased in only 3 days). It a great example of why fools-jump-in with their eyes closed for FOMO of their "Generational Wealth creation event". This kind of Public Service Announcement (& negative dirty laundry airing) works against projects like this; and has got to be lowering the quality of these projects users. The obvious question is: What other caveats, rules and conditions are lurking under the surface? just waiting to penalize users even more? as they try to get ahead of the game?