DOGE

___v0id___

<<DOGE enters the chat>> “Hello”

Extremely-Bad-Idea

In order to create maximum demand for a digital euro, the European governments will need to undermine the reputation and acceptance or the major cryptos like BTC, ETH, and DOGE. China already did this in a very extreme way. A year ago China outlawed the mining of crypto and all financial transactions involving crypto. Then they introduced the digital yuan, a new Chinese national currency.

TarkovReddit0r

Because marketing is everything It can drive a coin to the top or the bottom easily DOGE / SHIBA are great examples or what kind of cult SAFEMOON had build

ikkatop

It's no worse than DOGE, Shiba or others... explain why you think ponzi? Do you even understand the mechanism behind and what makes a ponzi a ponzi?

lastt1ger

Neutral, never bought DOGE ✌!

ikkatop

FLOKI INU is the new earner. Check the charts, it's doing as well as Shiba did, and better than DOGE generally. It's a short term thing for scalping. I got my DOGE back in 2017 so it's in profit for me I believe.

ikkatop

I thought DOGE reached 51p ( UK pennies ) shortly after Elon pumped it via Tesla posts last year or the year before???

Br0kenRabbitTV

Maybe. I've actually been considering removing BTC and BTC LN options from my existing stores, and no longer add it to new projects, because since 2017 barely anybody spends it with me, in 2022 it's only around 5% of my total crypto income, even with an LN option. In the main bitcoin sub the majority of people are not interested in spending it any longer, but <2017 it was actually the only coin I had listed as a crypto option. but as long as all these coins have at least some value, even if it is below £0.01, it is still useful to me and any other merchants. Coins I'm currently accepting are BTC, BTCLN, BCH, LTC, DASH, XMR, DOGE, ETH and VTC. ETH is also useless now as p2p cash but around 2018 a lot of people were spending it with me.

___v0id___

There are over 132 Billion DOGE DOGE is $0.08 Meme’s is meme’s Much wow

CointestAdmin

#Dogecoin Pro-Arguments Below is an argument written by idevcg which won 1st place in the Dogecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several things going for DOGE: > > 1. It is one of the older cryptocurrencies in existence, having been released on [December 6th, 2013](https://en.wikipedia.org/wiki/Dogecoin), and during all this time, it has not been hacked or broken in any way, proving that it is likely a secure network, with much more proven history than the vast majority of coins today. > > 2. Although Elon seems to want to have a huge amount of influence on the Dogecoin community, one of the greatest pros that dogecoin has today is that it is no longer being led by a "leader"; the creator of Dogecoin has left the project many years ago, and the coin as well as the community is still thriving, and even reached heights never imagined before this year. This shows extreme resilience of the network, as well as extreme decentralization; with many of the other coins today, they have a central authority essentially controlling the development of the project, so you're always at the risk/mercy of that central development team/creator. Dogecoin is different, it is one of the only coins along with bitcoin that is no longer dependent on its creator at all. > > 3. Dogecoin is listed on virtually every single crypto exchange, and many places that are not crypto exchanges like robinhood, as well as smaller fiat on-ramps in different countries like newton in Canada just as one example. This allows for easy entrance into the dogecoin ecosystem by people who are not yet into crypto, which is the vast majority of the people in the world. It is one of the most well-recognized brands in crypto, and has one of the largest and most active communities. > > 4. Dogecoin has a PoW algorithm, which, for its controversies surrounding energy use, is still the most secure algorithm invented for cryptocurrencies. > > disclosure: I sold all of my dogecoins in like 2016 and do not currently hold any. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2r9u\/rcc_cointest_top_10_dogecoin_proarguments_october/) 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.

nick83487

I don't like DOGE but it takes balls to hold a coin like that through all this shit.

trrrring

LUNA, SHIB and DOGE &#x200B; ^(I am trolling guys.)

___v0id___

DOGE will never go near $1 Goes to $0.70 Why? meme

CointestAdmin

#Litecoin Pro-Arguments Below is an argument written by metnavman which won 1st place in the Litecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Full Disclosure* > > *I sold my position in LTC this year during the last run-up to the ~$300s. Prior to that, I'd held a triple-digit position in LTC since ~2013. I did make money from this coin. That is only because of my time in the market, and not any particular strength of the coin in question. Truth be told, I'd have made more money being in other positions, so it is irrelevant. Perhaps I'll regret it one day. Perhaps not.* > > &nbsp; > > * LTC is one of the "OG" coins. [As a fork of the Bitcoin protocol, it's been around almost as long.](https://www.investopedia.com/terms/l/litecoin.asp) It is a very secure coin, and utilizes [Proof of Work](https://www.investopedia.com/terms/p/proof-work.asp) through Scrypt to maintain that security. > > * This "early mover" advantage has allowed LTC to catapult into some very strong positions and use cases. I'd personally put it's [uses on the Paypal platform](https://www.paypal.com/us/smarthelp/article/what-do-i-need-to-know-about-litecoin-faq4401) as one of it's strongest positions in the current financial zeitgeist. [There are certainly lots of others.](https://www.reddit.com/r/litecoin/comments/csfixo/1100_companies_and_stores_accepting_litecoin_as/). > > * LTC is arguably the strongest PoW coin available. It is faster than BTC, cheaper to use, and available for use basically everywhere relevant that BTC is. As far as trading platforms and "on-ramps" for converting fiat currency into cryptocurrency, LTC will get you where you want to go. While it is not worth as much as BTC, it's far more capable for doing what a cryptocurrency is "supposed" to do. Ya know, be a currency that doesn't cost silly amounts of fees to use and take forever to confirm. > > * LTC's development team is currently working on implementing [Mimblewimble](https://www.mycryptopedia.com/mimblewimble-explained/) capabilities to the coin. The quick and dirty for that is adding a "privacy feature" to LTC, as well as potentially solving scalability issues that could crop up one day if usage of the coin were to exponentially increase. Development is ongoing in 2021, and viability/efficacy is not fully determined as of this writing. > > * LTC follows the same [halving](https://stormgain.com/blog/litecoin-ltc-halving) protocol as BTC. This has correlated to price increases for the coin in a similar fashion to BTC after each of these "cycles". It stands to reason that LTC should see another price increase in the 2024-2025 time-frame, coinciding with the next halving [set to occur in Q3 2023](https://litecoinblockhalf.com/). There's math and wrinkly-brain reasons for why it takes some time for the halving process to reflect in the market price. You'd have to go searching; I don't really understand it. There's a shiny graph on that link I put. Have fun. > > &nbsp; > > ==*The rest of this will lean in the opposite direction of the guidelines set forth for this argument. Past this point, you're entirely in the realm of my opinion/experience as a crypto holder/trader since the early 2010s. Do your own research.*== > > &nbsp; > > * I would stress that you proceed to [the LTC "Cons" portion of these arguments](https://old.reddit.com/r/CryptoCurrency/comments/n5vbyk/pro_contest_litecoin_conarguments/) after finishing here and read what I've written there as well. My goal is to remain as unbiased as possible for these write-ups, and I will speak only to the positives of LTC in this thread. I encourage you, the reader, to view both sides and make an educated decision before investing in *any* crypto asset. > > * LTC offers a "tried and trusted" investment platform. If there was a stock to compare LTC to, it's the massive ETF or mutual fund that people put money into year after year and reliably draw a profit from. You will not see the insane fireworks of a DOGE pump, or the rug-pull of a [BITCONNEEEEECT](https://thenextweb.com/news/bitconnect-bitcoin-scam-cryptocurrency) when you put your money into LTC. You will get an investment that "should" make you money in the long run, and potentially set you up for some really solid gains in the future. > > * LTC is not the behemoth that BTC is within the crypto space. The intimidation that comes from the price-tag that BTC sometimes wields ($37K to own one coin at the time of this writing, 60K+ attained) can be a turn-off for the smaller investor still interested in owning a "full coin". While this mindset is considered by veterans within the space to be somewhat naive and counterproductive, it is a psychological aspect that affects many projects within crypto. LTC's ability to allow someone to jump in at a much lower price point and still feel like their investment is "effective" is certainly a strength. > > * LTC has been picked up in the 2021 bull-run by [large institutional entities](https://news.bitcoin.com/grayscale-adds-174000-ltc-to-its-litecoin-holdings-price-of-the-altcoin-unresponsive/), signalling some confidence in it's ability to generate income in some fashion for shareholders/investors. It remains to be seen how this action will play out, as the events are too closely aligned with the large correction in late May 2021 before the coin could pick up steam. [It briefly touched a high-300s price-tag](https://currency.com/litecoin-price-prediction-2021), and many of LTC's supporters believe that it was aiming to go higher before the entire market dropped. > > &nbsp; > > LTC has carved out a solid niche for itself over the years, and a loyal base that wants to see it succeed. As with any investment into a volatile market like crypto, there's a good chance you could lose some money. That said, I would put the chances of it happening with LTC over the long run at a smaller percentage than some of the more risky or "unreliable" projects in the space. If you have patience and are looking for a low-stress coin with some realistic use cases and a good track record for ease-of-use and operability within the crypto-world, LTC may be the coin for you! ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtt5/rcc_cointest_coin_inquiries_litecoin_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find arguments on this topic in other rounds.

igadjeed

Is that a predictor? t looks like an indicator that Bitcoin is dominant whether it's going up or down, but only sometimes. If you look at some exceptions * the DOGE pump from $0.003 to $0.11 * the ETH pump past $4000 Then you don't have any predictable patterns at all

PricklyyDick

That was SHIB not DOGE. SHIB was sent to his ETH wallet without asking. DOGE can't be held in an ETH wallet. At least not native DOGE.

PedroCardoso2085

I guess he has received DOGE coin for some kind of marketing, but instead he has donated it for the India's covid situation when it was at a peak

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

Trinituz

In theory market cap can be used to certain extent based on the fact “nobody want to sell at a loss” If suddenly people buy out all DOGE at $1 and the world everywhere accept it as legit currency, then it’ll likely retain its market cap if there’s no more minting as there is no reason for it to now trade below $1 with no need to shift currencies. What drive people to sell at loss is fear, necessity (debt/needs/liquidation), needs to shift to other currency to buy stuff, and equally greed of hoping to buy lower. Without these reasons, market cap would be very strong metric. But oh well the fact is majority of crypto buyers are these type who would sell at a loss for these reasons You’re mostly right though that liquidity is what matter most, and that market cap is weak (but not entirely useless!) metric for crypto for reasons listed above.

partymsl

I would either see DOGE reach 100$ and SHIB 1$ than LUNA back at an ATH.

ucantcimi

We used to say this about DOGE before

aSchizophrenicCat

Yeah… maybe for MSFT and AAPL on a longterm timeframe. GME on the other hand… nah. Hard pass. Overinflated meme stock. Speaking of inflation, you realize GameStop is a company directly impacted by it, right? I seriously look forward to their upcoming earnings report. Y’all come up in here preaching GME far too often, it’s the equivalent of preaching about the “greatness” of SHIB and DOGE… we all downvote those ppl, yet the cult of GameStop is always upvoted because, well, the cult is strong with y’all… Shit is tiring.

akoiinthepond

The problem is Luna MC now is not that big as before. So it could be bought back and burnt much easier. So your 3rd assumption does not have much value which makes any calculations below quite irrelevant. Imagine Luna team burns 90% of its circulating supply, the market would fomo like crazy on it. Thats the same reason why we have DOGE or SHIB in top marketcap as of now.

yourmo4321

Your missing consumer protection IE if my product is flawed and the vendor doesn't want to give me my money back it's charge back time. Volitility, either the customer or merchant can get fucked with price swings. And third I'd say until the crypto space is narrowed down it's to much. Maybe one vendor accepted BTC/DOGE the next just DOGE the third only BTC. So you literally need to carry multiple types of crypto around to be able to spend it.

Hsiang7

The people that think it will get back to $1 are the same people that think SHIB or DOGE will reach $1. They'll be holding together with them.

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

simplicity92

DOGE is really in the mainstream. Look at how many retailers is accepting them. As much as you hate it, you cant forgo the fact that it is the coin that brought people into the crypto world

PanicBoners

Not sure how DOGE caught a stray, please don't compare the coin to SHIBA it has actual use cases as an inflationary payment settling system

vegetablewizard

DOGE is already accepted as currency by major retailers. DOGE is the people's currency. 1 DOGE = 1 DOGE. The DOGE cometh

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

socalquest

No $hitcoins like LUNA, UST, DOGE etc. LONG ETH and stay strong!!! GLTA!!!

CointestAdmin

#Dogecoin Pro-Arguments Below is an argument written by idevcg which won 1st place in the Dogecoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > There are several things going for DOGE: > > 1. It is one of the older cryptocurrencies in existence, having been released on [December 6th, 2013](https://en.wikipedia.org/wiki/Dogecoin), and during all this time, it has not been hacked or broken in any way, proving that it is likely a secure network, with much more proven history than the vast majority of coins today. > > 2. Although Elon seems to want to have a huge amount of influence on the Dogecoin community, one of the greatest pros that dogecoin has today is that it is no longer being led by a "leader"; the creator of Dogecoin has left the project many years ago, and the coin as well as the community is still thriving, and even reached heights never imagined before this year. This shows extreme resilience of the network, as well as extreme decentralization; with many of the other coins today, they have a central authority essentially controlling the development of the project, so you're always at the risk/mercy of that central development team/creator. Dogecoin is different, it is one of the only coins along with bitcoin that is no longer dependent on its creator at all. > > 3. Dogecoin is listed on virtually every single crypto exchange, and many places that are not crypto exchanges like robinhood, as well as smaller fiat on-ramps in different countries like newton in Canada just as one example. This allows for easy entrance into the dogecoin ecosystem by people who are not yet into crypto, which is the vast majority of the people in the world. It is one of the most well-recognized brands in crypto, and has one of the largest and most active communities. > > 4. Dogecoin has a PoW algorithm, which, for its controversies surrounding energy use, is still the most secure algorithm invented for cryptocurrencies. > > disclosure: I sold all of my dogecoins in like 2016 and do not currently hold any. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2r9u\/rcc_cointest_top_10_dogecoin_proarguments_october/) 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.

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

LargeSnorlax

There's some, but people also experience huge gains in altcoins. [I did a hold experiment last year](https://np.reddit.com/r/CryptoCurrency/comments/qnaybk/the_great_moon_experiment_finale_november_5th/) and Bitcoin went up 4x. However, the **average** gain on alts was around 50x. This was skewed by huge gains on SOL and DOGE, but even the *worst* alt outperformed Bitcoin in a bull market. So it's a get in during bear, get out during bull scenario. Realize gains when they're insane. Alt gains don't hold forever.

wwamd

For anyone reading we are not late. In fact we are still early if you buy into the right projects. Things like strongchain coming out later this year will see HUGE price swings for tokens like STRNGR and STRONG so buy them now at big discounts along with BTC ETH DOT etc. There are many MANY 10X opportunities right now in DOGE and others which will violently swing back upwards once the market gets some certainty. I’m telling you once we see Biden losing his power in 2023 or something in the fed change dramatically these coins are going to skyrocket due to short supply. So that means you need to stop selling. Big money is buying all of it up right now at severe discounts and they will pump X hard. Trust me on this I’ve been in crypto since 2013 and have done it all. Made and lost millions of dollars. We are at peak gear right now which means peak opportunities for buyers. When everyone is euphoric you should sell because that can’t last forever. Don’t do like me and invest $30k at the top of the market. You would be better off investing $5k now than $30k before the dump. This market ALWAYS comes back and when it does everyone says “ugh why did I sell I should have just held! Why didn’t I buy more when BTC was under $30k I’m so stupid! Of course it was going to go up and now it’s $200k!” Don’t be that guy. Dollar cost average into everything right now and convince friends to do the same. Invest what you can specifically into StrongBlock nodes, BTC and ETH. You will not lose in those three tokens. Nodes are going to explode later this year once the chain comes out and BTC and ETH will always have more buy pressure than sell pressure especially with such high gas. Also get in on some NFTs while price are cheap. Those things as silly as they may seem are art and are digitally verifiable art. It is the art medium of our time and as such will be very valuable especially the collections from more noteworthy artists. Think guys like Eric Paul Rhodes aka secondrealm. Projects that are severely undervalued but in time will see huge growth. The guy is opening his own NFT studio close to NYC so you can bet his art will go up hugely in the future. Just some tips from a crypto veteran. Don’t invest more than you can lose. Don’t confuse trading with investing. Don’t sell the dip. Buy the dip. Hold your investments. Trade on momentum. Good luck out there everyone.

Nozomilk

Satoshi and Vitalik. Probably DOGE, even if it’s a shitcoin, its impact has been huge. El Salvador for taking a huge gamble. And the upcoming financial regulations.

baseballctr31

If you're still actively buying DOGE, who is letting you have access to your finance accounts?

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

ts_wrathchild

ALGO will hit top 10 during next cycle. It will *probably* be fighting for it's position on the list with DOGE and/or DOT.

Do-not-Forget-This

I'm clueless, I bought a bunch of DOGE and managed to get my money back. I then put it in other crypto and it all seems to be doing terribly. The first number in brackets is how many EUR I put in, and the second number is the current value. MATIC (187) (98.22) MANA (50) (44.64) DOGE (105) (33.85) DOT (45) (30) MINA (50) (11) SHIB (26) (9.57) XLM (50) (11) SUSHI (25) (4) ADA (25) (5) It feels pointless to sell at a loss, so I guess it'll just sit there and hope there is some upturn in them.

pooraf123

It's basically all about hype and the Elon-Doge connection. Memecoins were just cheap ass joke coins that didn't mean much and were basically lottery tickets that people hoped got big. When Elon started shilling DOGE, it all changed. Despite no utility and proper burning, the hype made some memecoins legit.

vegetablewizard

DOGE Calls DOGE Calls awoooooooooooooo 🌝

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

dicthdigger

maybe it affects DOGE price only

Random5483

My conversations about crypto go like this: 1. My parents/beneficiaries know I own crypto. I have detailed information on where my crypto is stored (liquidity pool, staking, wallets, exchanges, etc) that is attached to my living trust/will. My private keys are stored in a bank safe deposit box, and the crypto attachment directs my beneficiaries to place with the seed phrase. I have advised my parents to avoid crypto as they are more likely to get scammed than make money off it. 2. My friends and other family members don't know I own crypto. When someone brings up news about crypto, I am happy to discuss it at a high level. I don't portray myself as a long-time crypto investor. I am not married, so my past girlfriends have also fallen in this category. 3. If I had a spouse, I would fully disclose my crypto investments. I don't, so no one but me knows the extent of my investments. I don't see much of a positive from talking about crypto. Some will get jealous. Others will get annoyed when they lose money. Most will lose money since interest in DOGE and SHIB was more than interest in BTC in my social circle. If I recommend crypto and someone buys DOGE, or even worse LUNA, and loses money, I don't want to hear about it. And most people cannot differentiate "buy BTC or ETH" advice with "buy crypto" advice. Talking about crypto with family and friends has little benefit. I don't talk investment advice (stocks, real estate, or crypto) with my social circle. And let's not forget the five dollar wrench attack. None of my friends or family are going to do this, but if I talk about crypto with them, I risk them talking about my crypto investments with others. The last thing I need is for some criminal to decide to target me. As a crypto investor, I am vulnerable to such attacks.

Wonzky

I don't even think I can get 1 full DOGE with all my LUNA

i_heart_dial-up

Got into crypto via DOGE. It’s a shitcoin, but a fuckin’ good one!

Odlavso

I'm convinced, selling all my LUNA to buy DOGE. 

Br0kenRabbitTV

You joke, but people spend DOGE with me more than BTC in 2022.

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

dicthdigger

Wow just saw the price of DOGE 😂

torvaman

i generally want every project who's CEO is a hype man that isnt willing to hear that they might be wrong about something to die. the sooner the better to avoid exactly what happened to LUNA LUNA was never sustainable, i dont understand how people say "well hindsight is 20/20" when 20% APY is fucking unfathomably high. it's not rocket science to know that that ecosystem was a glass house being propped up by a guy that threw rocks at others. I've said the same about DOGE, BNB, HEX, ADA, and I said it about LUNA. I have probably missed out on fortunes by not investing early in those projects, but i cant support them because they dont solve problems and exist only as speculation. All crypto is mostly speculation right now, but those ones i noted all make gargantuan promises and deliver on nothing and arent decentralized.

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CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

trrrring

>he’s also been non stop licking I had to laugh, because what animal licks? Dogs! DOGE

CointestAdmin

#Litecoin Con-Arguments Below is an argument written by metnavman which won 1st place in the Litecoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Full Disclosure* > > *I sold my position in LTC this year during the last run-up to the ~$300s. Prior to that, I'd held a triple-digit position in LTC since ~2013. I did make money from this coin. That is only because of my time in the market, and not any particular strength of the coin in question. Truth be told, I'd have made more money being in other positions, so it is irrelevant. Perhaps I'll regret it one day. Perhaps not.* > > *I have been banned from various LTC-related subreddits for my opinions, prior to ever making this post.* > > &nbsp; > > * The technology behind LTC is old. It is tried and tested, but it is old. While that's not inherently a bad thing for many applications, it's not a quality I would consider "strong" in a space where new technologies have vastly out-paced the capabilities of this coin. > > * LTC has the similar advantage that BTC has of being an early mover. As one of the first few coins in existence, it's been capable of catapulting itself into some pretty big places. Problem is, the coin hasn't really *done* anything with that. Mind you, I'm not saying that it hasn't had development, or that it hasn't seen improvements come along. I'm saying that it seems to have more or less reached the limits of it's capabilities as a PoW coin, from a technical standpoint and an investment standpoint. Specifically as a less-valuable version of BTC, and more recently, left in the dirt by DOGE. It unclear whether or not it will recover. It did [have this](https://news.bitcoin.com/grayscale-adds-174000-ltc-to-its-litecoin-holdings-price-of-the-altcoin-unresponsive/) and [this](https://www.theverge.com/2021/3/30/22357246/paypal-buy-with-bitcoin-litecoin-ethereum-crypto-checkout) happen recently, but so far, from a price increase/positive outlook standpoint, it's kinda [felt like this.](https://imgflip.com/i/5b3zj1) > > * [There are better coins for speed](https://www.stellar.org/?locale=en). [There are better coins for transaction fees](https://medium.com/nanocurrency/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f). [There are better coins to make money trading on](https://coinmarketcap.com/historical/), depending on [your level of risk](https://www.analyticsinsight.net/top-10-highest-growing-cryptocurrencies-in-2021/). There are better coins for storing value, namely the one worth the most. The only time that statement would change is if you were *already invested in LTC from years back*. Tl;Dr - **There are better coins**. The problem with this conversation is that it stops being about the technology behind the coin, and that makes it difficult to speak to the Pros and Cons without talking to the other aspects, which is discouraged within the guidelines of this case study. We drift into less technical merits and more psychological aspects/money-driven reasons: people who stand to lose money in their investment/not see the coin grow further and do not want that to happen. > > &nbsp; > > ==*The rest of this will lean in the opposite direction of the guidelines set forth for this argument. Past this point, you're entirely in the realm of my opinion/experience as a crypto holder/trader since the early 2010s. Do your own research.*== > > &nbsp; > > * Litecoin gives off that MySpace feel these days. It gives off that "my grandma still has an AOL account" vibe. If you frequent the large melting pot subs for crypto, you'll find LTC is largely dismissed or bemoaned as that "red-headed stepchild of BTC". It's boring. It doesn't do much. That said, what it **does** do, it's pretty good at. Not great, but good *enough*. For some institutions and use-cases, that's perfectly fine. > > * You will consistently hear people who are in favor of LTC tell you that the age is a "feature" and that institutional money wants "stability" in their investments. While I disagree with those arguments, institutional money should be meaningless when trying to create a truly decentralized currency that anyone can use for anything, I understand where those folks are coming from. They're in this game to make money, which is what most everyone is in this game for, and likely what folks reading these arguments are looking for. > > * At the time of this writing, LTC has slipped to #15 for total market cap. I mention that because it once held the #3 spot [(#2 lost and never regained to ETH shortly after ETH arrived on-scene)](https://www.youtube.com/watch?v=1BCadb6SPNQ). It's slowly decayed from those top positions as time has gone on. That's not *inherently* a problem, as many coins far lower on the list have great use-cases and bear markets always shuffle things up. However, it creates a very serious problem: negative perception. > > * Remember what I said earlier: psychological. People don't like betting on the loser. People like to see their choices succeed, and again, at the end of the day, the vast majority of people in this space are lookin' to make some scratch. LTC is a hard sell for that. This past 2021 run, [you had a brief 7-day window](https://ycharts.com/indicators/litecoin_price) to potentially cash out your position around $350-$380. 11 days above $300. A nice 10x if you'd been betting on LTC [since it was ~$20-$30 back in 2017 or Dec 2018-Jan 2019](https://cointelegraph.com/ltc-price-index), but nothing like the gains that many other projects have seen since then (and only if you sold and didn't "hodl"). The markets have since taken a **massive** hit in late May 2021, and LTC dropped even lower ($184 as of 26 May, but crypto be like that). > > * If you google LTC, you'll see a bunch of predictions about how the coin is "bound for 10k" and it's "always a solid investment". It's actually a meme on some of the LTC-specific subreddits that LTC is always "2 weeks away" from that next big break. In my humble opinion, that break has come and gone. Those of us who put money into the coin at $3 have seen 100x on our returns. The coin has been in the media since 2017, and is one of the few coins that has been shown in major news outlets alongside BTC and ETH. This isn't **new** news though. These developments have done nothing to catapult the coin to some mythical new height that it's "destined" to reach. In stock-lingo, one could consider these developments to already be *priced in*. > > * [There's good things to say about the coin](https://beincrypto.com/litecoin-completes-mimblewimble-code-ltc-scaling-privacy/), but this isn't that sort of movie. I personally don't think those good things out-weigh the bad, and the entire thing comes full-circle to the crux of these arguments: LTC's technology is not on par with what the modern crypto-space has to offer, and LTC is not going to make money in significant amounts for the new investor compared to other projects in the space. I'd challenge someone interested in becoming a new investor in LTC to ask other holders when they entered. Good money says the vast majority are still holding from the 2017-2018 hype, just hoping for a chance to either get back to green, or maybe see some new gains. Sure, there's whales and "old money", but they're the ones with the vested interest in keeping LTC afloat. No one wants to see their nest egg dry up, and like I said, there *are* uses for the coin... I guess... [Go read the "Pro" argument section.](https://old.reddit.com/r/CryptoCurrency/comments/n5ugij/pro_contest_litecoin_proarguments/) > > * Just reading the linked articles, you can see incorrect/outdated information, price inconsistencies, hell, even the authors don't understand what "code complete" means for MWEB. Some of them [think it's already online for current use](https://anycoindirect.eu\/en/blog/mimblewimble-litecoin-s-vision-on-privacy)(it's not, as of 26 May). Cryptocurrency is volatile as HECK! > > &nbsp; > > **I could be 100% wrong. LTC could go to 1k this year. It could go to 10k in '24-'25. It might not. At this point though, what makes it any more likely to "moon" than other projects within the space? What does LTC offer that other coins don't already do and do better, aside from "already got an old, wrinkly leg in the door?"** *Take that as you will.* ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtst/rcc_cointest_coin_inquiries_litecoin_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) 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/umsqe8/monthly_optimists_discussion_may_2022/).

GajaSabac

This concept is interesting, I did actually something similar, but my main coins are the OCEAN, ETH, NGM, and CARD. Gamble ones are JASMY, SHIB, DOGE, LUNA...

yeetboi_dangerous

Honestly is there any point to me holding DOGE anymore?

dicthdigger

oh yeah when I forgot 50€ of DOGE staked on Binance. I got back 770€.

JONUTUNIVERSALU

Good times were when DOGE was going to the moon and the bull market was in full effect

Sensitive_Salary_603

So has XRP.... hut how does DOGE survive? Is all Elon. Without Elon Doge be in the bottom of the pacific ocean Without a single idiot touching it.

RotgutFeng

I’m gonna catch shit for this but I think there is a 100% chance DOGE recovers

Delta3Angle

> I'll look more into bonds and what not. I'm not 100% familiar with ever aspect of the economy, but I am trying to learn whatever I can when I can, so thanks for sharing that bit. https://www.youtube.com/watch?v=K3lP3BhvnSo This is a good video explaining how overnight lending rates can change and influence the money supply. Understanding how it works in the FIAT economy will help you understand how it works in a decentralized one. > I didn't mean to leave out inflationary aspects in PoW, I was only comparing to PoS. PoW is inflationary until it's not, PoS is pretty much just inflationary without additional mechanics such as a burn. There are POW coins which have no supply cap and fixed inflation schedules. Bitcoin is not the only PoW currency and as it stands ETH is still PoW. DOGE is a very simple example of a coin with a fixed inflation rate and no supply cap. > Also, for the early ETH/BTC bit, look into Stacks(stx). They managed to provide a programability layer for bitcoin, albeit still has the speed issues(I theorize that lightning could help with that, but I digress), pretty interesting project that runs on a Proof of Transaction mechanism and hashes Stx transactions into a bitcoin block. Yup, we call this a sidechain. Far less efficient than the ones developed on ETH because of the issues mentioned above. Its also old tech as ETH has started implementing optimistic and zero knowledge rollups. > I'm not trying to denounce ETH or PoS at all, just sharing what correlations I see between PoS and Fiat at face value without getting into the nitty gritty of things. The only real comparison between the two is that monetary policy requires more complexity than BTC. In terms of increasing complexity, Barter ->Gold -> BTC -> FIAT -> ETH

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

#NFT Con-Arguments Below is an argument written by Chikkin1013 which won 3rd place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *Note: as most argument against NFT's have been made already, I will give more nuanced explanations, advance a pre-existing argument, or explore unexplored arguments. I will @ original posters if I add onto a pre-existing argument*. > > * **Ownership of an NFT is a metaphysical ownership of assets** > *Note: nuancing* u\/MrMoustacheMan *and* u\/idevcg's *arguments* > \> Let us begin with what happens when you purchase an NFT.[You own not the actual asset](https://www.jdsupra.com/legalnews/what-you-need-to-know-intellectual-2201399/) \- whether that be a png, jpg (or even the land/yacht, when the time comes) - but the *metadata* signed by the seller that *claims* the ownership of a *digital asset* (we will exclude NFTs that claim ownership to physical assets, as they do not yet exist). Thus, the "owner" of the token is thrice removed from the asset they claim the ownership of. > \> One might argue that the same goes for artworks, where the ownership lies beyond the artwork itself, but at the ["spirit" of the art](https://philosophynow.org/issues/108/What_is_Art_and_or_What_is_Beauty) \- which some artists claim to be the essence of art. However, for artworks, the owner has complete access to the artwork. He, she, or they may destroy and/or manipulate it in any way possible. For digital assets, the asset still is public, even if the ownership is private. Thus, purchasing an NFT is purchasing the *concept* of ownership, which is something not yet readily accepted. > * **Current NFTs to digital "art" harms artists** > \> You've seen the inundation of supposed art in [OpenSea](https://opensea.io/). Sure there are great ones that are created by genuine artists exploring new mediums of art. However, most "art" are simply spams or stolen art (by stolen, I mean works edited/taken without the consent of the original creator) to make quick bucks, [ignoring intellectual and creative rights](https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/). > \> One might argue that even if so, NFT enables bigger audiences to lesser known artists. Sure, I will not argue against that. However, how much of these lesser known artists are genuine artists and not spammers looking for their lucky strike? > * **The current NFT landscape is a chicken game** > \> We see that massive amounts of art are being traded at [unimaginable prices](https://www.larvalabs.com/cryptopunks/details/7804). There is nothing wrong with that, however, once the game is over, individuals and the media will criticize the "casino-like" behavior of NFTs. Sure, people will argue against it and claim that NFT is only the technology and the digital art chicken game is a simple outcome of that, but as we have seen, when DOGE burned individual investors, cryptocurrency and its technology were blamed (the "guns don't kill people" argument rarely holds for blockchain tech due to its infancy). Thus, a viable technology will be blamed for its misuse. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/og0nzx/rcryptocurrency_cointest_general_tech_category/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) 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/umsqe8/monthly_optimists_discussion_may_2022/).

throwaway300650

AVAX looks finished, DOT is underwhelming, ADA is vaporware. SOL and NEAR are holding up for now but all it takes is one bit of FUD on either and they're gone. Honestly of the top 20 the one I can guarantee will still be there in years is DOGE lol.

Watch_Dominion_Now

SHIB: $0.01 \* 549 146 987 315 505 circulating supply = $5.5 trillion market cap DOGE: $40 \* 132 670 764 299 = $5.3 trillion market cap Sorry buddy, SHIB is not going to $0.01.

SignalBanana1

I hope ADA and ALGO will survive the bears... I hope DOGE and SHIB wil get demolished by the bears.

Delta3Angle

Ironically... This makes DOGE a better currency than BTC lol

boredtech2014

Not arbitrage, which means something else. He means using it for cheap transfer. XLM is a cheap way, but a lot of people used to use DOGE like this when it was cheap(not sure how cheap it is now)

Damn369

Lol.....DOGE and SHIB buyers of the world unite 😂😂😂