What about Dogecoin (DOGE)?

tip

Every coin has its pros and cons, and so an unbiased objective take is impossible. Cryptocurrency is a free market of ideas and voluntary involvement, and the best coins must prove themselves in it, including BCH. Readers are encouraged to explore the communities, apps and events that other coins have to offer and hear both sides of the argument. However, as a candidate for being the global reserve currency, other coins tend to have serious flaws that make them a less viable candidate than BCH.

The Bitcoin Cash Podcast is **not an expert in every alternative cryptocurrency, nor able to argue for their merits**. If you think this article is inaccurate or needs adjusting, please help to improve it and submit a PR with your suggested improvements instead of complaining that it doesn't reflect your own opinions or knowledge.

Dogecoin has done a great job making cryptocurrency approachable and introducing new people to the scene. However it is not viable to be a world currency, even if Elon Musk thinks that would be funny.

The attraction of the Doge community originally was their lighthearted, charitable attitude. For a small network, that's fine, but as the network scales up in both technical investment and financial investment the "haha this is all just for fun" vibe starts to die pretty quickly. Without that spirit, Dogecoin has a dearth of development, infrastructure or serious committment to the project beyond making a few jokes or charitable donations. On top of that, a rapidly appreciating price quickly turns from "This is all for fun" to "let's get rich!", a free ride attitude that cannot be sustained during an inevitable pullback.

Dogecoin also has an infinite inflation schedule of 10 000 coins per 1 minute block (approximately 5 billion DOGE per year). Supporters argue that this amounts to "decreasing inflation to the point of negligible" and does not compromise Dogecoin's sound monetary policy, but this is a fallacious sleight-of-hand argument as explained on the FAQ about tail emission.