Simon de la Rouviere
Simon de la Rouviere is an engineer at ConsenSys, the venture production studio for Ethereum.
Simon de la Rouviere is an engineer at ConsenSys, the venture production studio for Ethereum.
Dogecoin was created by Billy Markus and Jackson Palmer in 2013. Featuring a dog as its logo, Dogecoin was intended to be a joke currency that could reach a broader audience than Bitcoin.
All Dogecoin reviews by expert Simon de la Rouviere.
Medium-of-exchange tokens work when their signaling value is higher than the cost to implement it. There's always value in this collectible aspect of it. See: Dogecoin.
Full review2018-06-03
A feature of money is its network effect: being a medium of exchange. IF an altcoin is just being speculated, it kick-starts its network effect, improving its “improvement delta” beyond its technical merits. Once it reaches escape velocity (people coming on board due to a lot of people already being on board, like Litecoin), it’s in the clear. Being in the right place at the right time is often enough.
Looking at Dogecoin, a clear jokecoin (or memecoin), its added social features are the backing of a massive meme AND the fact that people see it as a joke/lighthearted . . . which might be enough to kick-start its network effect into escape velocity.
I won’t be surprised if Dogecoin becomes a top 10 coin.
2013-12-14