this post was submitted on 15 Nov 2024
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Why are people saying that it was named after a cryptocurrency?
Isnt the dog the first thing people think of when seeing "doge"?
It used to be so, but in recent several years Doge has lived and pretty much been defined in public consciousness by the cryptocurrency, which Musk has openly endorsed/memed.
Is it better to be named after a stupid meme instead?
Yes, Kabosu was a gem.
It was for me until a few years ago. I used doge as a base for most of my internet alias since I like the meme (as you can see from my username). One time inside a game, I was asked if I was a crypto bro because of my ign. At the time, i don't like crypto but have no hard feelings against it. Ever since then I loath those crypto bros and their worship of crypto currencies for destroying the image of doge and with their stupid crypto currency nonsense.
Its reasonable to make the connection to the coin, as this particular cryptocurrency was propagandized and manipulated by musk, who will be running the agency.
Wouldnt it be possible that he just likes the doge meme, promoting a cryptocurrency that is named after it?
No, he likes money. Remember a few years ago when he tweeted about how great dogecoin was? Then a week later he tweeted about how stupid is was and that he was done with? He probably made millions buying and selling dogecoin as he made those tweets. There ia a huge conflict of interest when it comes to celebrities endorsing crypto coins. If you have the pull, you can just buy a bunch of some shit coin, talk it up and then all the people who look up to you to will go buy it, pumping up the price while you sell and make a huge profit. Then the value crashes back down and everyone who bought is left holding the bag. Whenever some famous person talks about a crypto, 100% of the time it is a grift to skim money from their follower's pockets.
100% spot on, pump and dumps are especially rampant in crypto because a couple of people can generate a ton of coins and own the entire market for that coin. If they can get that price to rise even just a fractional amount through whatever completely unregulated means they can dump it to the suckers buying and cash out. It's like printing money but the printing presses are stupid people.
This has been going on for years.
People used to find an almost dead crypto-coin, buy up as many coins as possible, and then pretend they were developing back from the dead. Then they would cash out.
True! It was then technically named after a meme...which the coin named itself after, as it was supposed to be a "meme coin".
Still stands though.
"Government agency named after meme. Such dumb. So chaos. Woooooow." Lol