Dogecoin was a fun way to play at cryptocurrency without consequence. Then there was a tip bot and a NASCAR sponsorship and the mining pools got predator and it was a cheap way to get into cryptocurrency scams.<p>If anything good could have come from cryptocurrency, the initial popularity period of Dogecoin showed it. Then the scams took over and turned the fun things into scams, but with little enough value lost for most that it wasn't worth killing over.<p>I think Dogecoin showed the best possible, most innocent, least destructive path a Cryptocurrency can take. It was still a means for taking money from the many, giving it to a few, and costing more in ill will and social disruption than it can return in any other form of value.
What is so scary about an alternate currency? People have different currencies all around the world. It doesn't much matter what you use so long as it facilitates trade. People are so brainwashed into trading their time for glorified food stamps that they don't see there is value outside of money.
TL;DR Nothing has changed. The joke has become scary. (Especially Dogecoin and all the other useless meme-coins)<p>All these meme-coins won't survive more widespread regulations when banks go after using CBDCs instead of the actual cryptocurrencies.<p>As for DOGE, Just don't be like this guy who was willing to bet that DOGE will be over $1 by the end of August: [0]<p>[0] <a href="https://news.ycombinator.com/item?id=27046019" rel="nofollow">https://news.ycombinator.com/item?id=27046019</a>