The man who dodged the Dogecoin

The fact that cryptocurrencies have managed to grow and hold their value for so long is in itself proof that the financial system is not working.<p>A huge chunk of the new money that the Fed is injecting into the system is going straight into the financial sector and some of it is going directly into cryptocurrencies.<p>People have started to figure out that hard work doesn&#x27;t pay. To earn money, you just need to get close to the massive stream of money that the Fed is constantly dumping into the economy.<p>The whole financial system is an over-engineered mess; packed with technical debt and vulnerabilities. If it was a software system, it would have been rewritten decades ago.

I thought this was a great joke and hung out in the Reddit for a while. It got tedious, and some people seemed to be taking it alarmingly seriously, so I stopped.<p>I think the lesson is that jokes wear off quickly and anything money-like hooks people the same way.

I had a friend involved in the community a few years back. Some of the stuff they did was pretty funny (like sponsoring a NASCAR car). However, the inner circle was basically a group of people in a chat room running pump and dump schemes with the currency.

I believe this man had a silent partner in creating doge, who also ended up holding nothing. Not mentioned here though.

Given that he isn&#x27;t anonymous, claiming to have not profited is the wisest course of action whether true or not.

That’s a vastly different title to the headline and I think misinterprets it.

Jesus christ is that flickering scroll thing distracting.

“Despite retail investors losing millions” hrm? Nobody has been losing millions lately.