This might be one of my best threads yet, or one of my worst. I don´t care either way, because this thought popped in my head today and I just needed to get it out.
I am about to draw a comparison between bitcoin and
$DOG. It´s most likely not what you think, so give me a minute:
There are many blockchains out there, but nothing even comes close to
#Bitcoin
Why?
Not only was Bitcoin the first blockchain, but even more importantly: Satoshi based Bitcoin on a free and fair market ideology.
He chose to remain anonymous to give it the best chance of survival.
Imagine being responsible for something absolutely ground-breaking and not choose the fame and glamour (and probably prison) that would´ve come with it?
Even though Satoshis is believed to hold a very high amount of BTC, the wallets attributed to him have not made any transactions for a very long time. In fact, on April 23, 2011, Satoshi mentioned in one of his last emails that he had “moved on to other things".
Imagine dropping the mic and walking away for the greater good of humanity.
It is incredible to look back and realize that even though Bitcoin was first, it was also perfect from it´s inception.
Usually the first iteration of something has many flaws and over time, better and better products replace it. It is insanely rare that something of such immense importance and substance is created in it´s best version and only minor improvements are needed for any kind of optimization.
Bitcoin not only has the provenance going for it, it is the perfect technical solution to the problem it was created to solve.
**
When it comes to Memecoins, things are quite a bit different.
$DOGE was and still is the number 1.
Doge created an entire new asset class and brought casino-level excitement to crypto while onboarding millions of people. It´s influence on crypto-culture was and still is immeasurable.
Yet one could argue that technically speaking, it has many well-known flaws. And why wouldn´t that be the case? After all it was not created for "number go up", it was never intended to become what it is today.
There have been countless attempts to create a better version of doge and all of them have failed thus far.
But why?
It is certainly not due to technical difficulties, that much is certain.
In my humble opinion it comes down to one major reason: greed.
Most memecoins that were launched since doge had huge team allocations. Insider trading (knowing when the ticker is launched and buying up for cheap before dumping on others) was and still is part of the law.
Still: memecoins were a fast growing asset classe and there was clearly a problem that needed to be solved, and
@LeonidasNFT decided to take a stab at it with the creation of
$DOG.
DOG is a memecoin that was basically created in a lab for one thing only: number go up.
Some say it is a forced meme and that may be right, but it doesn´t change the fact that it solves most of the problems that other memecoins have.
Most importantly: greed.
Leonidas could´ve premined a huge team allocation, but he didn´t. Instead,
$DOG was airdropped fairly to early
#Ordinals supporters. It was airdropped to people that live and breathe bitcoin and more importantly: innovation on bitcoin. It was airdropped to some of the most savvy and diamond handed mfers out there.
It took an entirely new btc protocoll (runes) to even make this a possibility.
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$DOG is native to bitcoin. As long as bitcoin exists DOG will exist.
- there is no risk of rugging, because there is nobody to rug.
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$DOG is fully community driven, it does not have a "team", it does not have and office, or website, or marketing team etc. - it just exists and lives through the community.
- there are no initial "investors" and there was no allocation for exchanges. If any exchange wants to list
$DOG, it has to buy it from its holders. Just like any exchange that wanted to list bitcoin needed to buy it from it´s miners.
$DOG truly is the fairest memecoin on earth and just like bitcoin, it is the perfect solution for the problem that it was created to solve.
Once again, it took someone with a clear vision and someone that was willing leave a lot on the table for the greater good.
It took many years - but we finally have the memecoin of memecoins that can storm to the very top of the mountain and have the most realistic chance of staying there, once it achieves it´s goal.