The president of Europe's leading financial analytics site ADVFN and investment expert Clem Chambers shared his opinion on why decentralized uncompromising crypto-currencies are exactly what will change the world economy.
Dogecoin is a decentralized cryptocurrency.
The fluctuations from centralization to decentralization and the reverse are the old dynamics of the world. Today, the dreams of decentralization are partly related to the change in the social order and the disappearance of the class of intermediaries who tell us what to think and take money from us for this, controlling all the major cash flows of the economy. If the Internet broke through the information blockchain, then the cryptocurrencies expand the bottlenecks of the economy.
And the blockchain is really capable of this.
The authorities, therefore, do not like the blockchain - in time it threatens to destroy an entire class of business models, about how Amazon did retail business.
It's simple: if the purely thermodynamic blockage is more effective than the traditional alternative, then it will win, and if not, today's "tuzam" has nothing to fear. Nevertheless, they are afraid, because the market chooses efficiency, and therefore many financial giants would gladly wipe off the blockchain and crypto-currencies from the face of the earth - if they could.
Dogecoin is a comic coin created on the Reddit forum. As it happens, a huge and important phenomenon was born from the joke, because since Satoshi Nakamoto published an article describing the concept of bitcoin, the only thing that can limit the distribution of crypto-currency is the laws of economics.
Dogecoin is an absolutely decentralized cryptocurrency; it exists, nobody controls it, and it is completely invulnerable.
Not surprisingly, Dogecoin excels - it's an uncompromising crypto currency, supported by a community with talented developers and devoid of a spider in the center, which can be reached by another yacht.
The fact is that there are not so many decentralized cryptocurrencies of this scale, and if you subtract bitcoin, then their cumulative capitalization will not be so great - a couple of billions of dollars.
Simply cryptocurrencies are still young. The manufacturer of gadgets can cost trillions, and Amazon can - despite the fact that just a few years ago it seemed that such a sum could bring the whole world economy out of the crisis, and crypto-currencies against this background are lost. But do not be deceived - they grow, and the demand for them is huge.
If you believe in the idea of cryptocurrency, now is the time to buy some coins of a truly decentralized project. After a short time, everyone will understand what is happening, prices will again grow exponentially, and the greedy will have to invest far more than the perspicacious before them.
What has happened to Dogecoin over the past few days perfectly illustrates the potential of the leading uncompromising crypto currency. Do not be greedy, add this project to your portfolio, and let the world go towards our common unavoidable future.