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Review on Dogecoin by outsider trader
DOGE the unlimited coin!
You might ask why I did consider Not Having a Project a Good thing, that's because Projects have limit of value, when something has no limit it can goes for infinite.
Also DOGE has a beautiful algoritm that can provide inflation to a system, scarcity systems are good but not better then a inflationary system, they are like brothers.
DOGE is prepared to be a good coin for transactions and low fees. The only issue seems to be the miner Asics needs, but at the same time, there is a good work for Bitcoin miners when DOGE finnaly gets Big Enough and become profitable for then.
Pros
- Cheap Fees for transaction
- Good Transaction velocity
- No limit of suply
- Minerable
- Not limited by a project
Cons
- Doesn't sounds serious
- Many DOGEs are concentrated in few hands
- Only Minerable by ASICs
