Am I retarded for putting this much money that I can't afford to lose into a highly volatile crypto-currency named after an internet meme that is mostly used to tip people on the Internet ? yes I am retarded. But you knew this already since you're reading this post on a crypto copy of WSB, the place with the highest density of retarded people per capita. Now that's out of the way, the rest of this post is meant to push back against the cave dwellers that don't understand the momentum behind dogecoin. NOT FINANCIAL ADVICE. submitted by vulturegolfing to SatoshiStreetBets [link] [comments] THE CASE FOR DOGECOINNo better way to show disdain for the global financial systemA rejection of the global financial system. A system that is skewed in favor of people who are born with high capital because of compound interest and step-up basis. Dogecoin is literally based on an internet meme, it's already preposterous that it has gotten to its current market cap. I literally trust this internet meme community with my money more than I trust suits and every dollar spent on doge is a massive FUCK YOU to suits. It's a "Yes I trust a fork of Litecoin named after an internet meme of a Shiba Inu dog and built as a joke more than I trust vicious suits with my money".People outside the US are also fed up with the financial systemIn the US individual investors used a short-squeeze to run hedge funds to the ground and express their tiredness with the rigged financial system especially after the 08 crisis. Plenty of people are fed up with the financial system all over the world and were affected by that crisis. Unlike US stocks, Dogecoin doesn't care if you have a social security number. You can buy dogecoin from anywhere even if you're not technical e.g. using Binance. Dogecoin is a decentralized, global way to express your position relative to the traditional capital markets. Dogecoin's been working for 7 yearsSelf-explanatory. Dogecoin has been around since 2013 and people have been happily using it since. It is used to tip people on the Internet, for instance on here and on Twitter. Many companies are now accepting dogecoin payments including Pornhub who just started accepting dogecoin payments last week. I myself have left porn behind and although not a fan of the industry, let me quote the great Donald "Jared" Dunn here: "adult content has driven more important tech adoption than anything". Works with other ecosystemspNetworks recently added a tokenization of Dogecoin on the Ethereum ecosystem meaning Doge can be used in DeFi and all other Ethereum based apps. Heck some people are even liquidity mining doge already and reporting wild returns. Additionally, although not actively maintained there has been an ethereum/dogecoin bridge for 3 years that was proven to work. Doge/BTC and Doge/LTC are very common pairs found on virtually all major centralized crypto exchanges. If you must change your Doge for fucking fiat then you can do that too on many exchanges. Short sellersIf you just enjoy fucking with short sellers because instead of believing in something they believe in being against something (I mean seriously get yourself a purpose shorties) then you are served. You can bet against dogecoin like you can bet against pretty much anything by shorting it: buying doge and creating orders to sell it for cheaper making a profit from the difference. People started massively short-selling dogecoin since its recent rise and a redditor documented it yesterday. Stand firmly against doge short sellers by holding and buying more and they will kindly self-fuck while making you richer. Coolest community in cryptoSome notable, outspoken fans include Vitalik Buterin, Elon Musk, Reddit's own Alexis Ohanian and Mia Khalifa. The dogecoin handle's latest tweet: https://preview.redd.it/ns376bbfcre61.png?width=1186&format=png&auto=webp&s=ac5abb895e89e85732f1eb8b147d68a5abf1de62 Your keys, your dogecoinEven I with my small brain could download the dogecoin wallet in no time to make sure I, and not Vlad, own my dogecoin. They made a very simple tutorial to teach retards like me how to download their wallet on the dogecoin website. Why not Bitcoin then?Bitcoin is amazing, most of my net worth is in Bitcoin. Bitcoin is arguably the best store of value and it already has a market cap ~1/20th that of gold. This means that if you believe bitcoin is a store of value like gold (20x not accounting for future growth), it doesn't have as much room for growth as dogecoin has. Dogecoin is the oldest, most famous coin with a large market cap yet it has less than 1/600th the market cap of Bitcoin. No matter the end value of one dogecoin, it can grow a lot more than now. Additionally the facts that Bitcoin is supply-restricted and block time is 10 minutes mean that it will be very hard to use bitcoin as a currency and that much like gold, it will become a reserve against which people exchange notes saying that bitcoin backs the note (cc: the current financial system). Dogecoin on the other hand was designed to have a consistent reduction of its inflation-rate overtime, which is why it doesn't have a hard cap (like Ether btw). Dogecoin can more easily be used as a direct currency since more dogecoin is mined every year at a constant rate. Block time (1minute) and small transaction fees make the dogecoin blockchain fast and cheap. Attention to Dogecoin is attention to all of crypto and decentralization anyway. Bitcoin 🤝Dogecoin. https://preview.redd.it/xepb1cipvqe61.png?width=680&format=png&auto=webp&s=65e252fc35a3926dad8195206f14c74e5025a8e0 But dogecoin is a jokeIf you still don't get it by now you must have even less brain cells than I do. Dogecoin starting out as a joke is the point. Who cares what the goal of the initial creators of dogecoin was (yes it was a joke), dogecoin has evolved in a decentralized way into a currency that people on the Internet have validated repeatedly and that is supported by a dope community. Dogecoin is a statement against the system in place, so great if it started as a joke that makes it all the more confusing to suits. Arguably all the fiat currencies, the credit system, central banks are all jokes favoring people with lots of capital. This joke favors fans of Internet memes and decentralization. THE CASE AGAINST DOGECOINThere is, of course, no serious case against doge coin.The path forwardAlthough I am no Nobel prize in economics laureate, I've done some back-of-the-envelope calculations that I can share. To all the people saying that since doge isn't supply-limited it can't increase in value, please ask your 2 yo daughter to explain to you the basics of game theory again before continuing to read. There are about 128bn dogecoins circulating currently. If dogecoin were to reach the current market cap of bitcoin ($616bn), a dogecoin would be worth $4.8 (200x, 20000% up). Now that might be a wild aim but since Bitcoin itself is still growing and dogecoin is 5 years younger, it makes sense to believe that it will reach at least $1, and if you're able to think bigger (growth mindset), it also makes sense to believe that over time it will reach $10. As of writing, one dogecoin is already worth about 95 satoshis. Here are various possible scenarios (again not financial advice):Pup: if dogecoin was my first investment in any cryptocurrency, I would prioritize converting most of my assets that I absolutely need to bitcoin to maintain and grow their value. Then I'd invest somewhere between 10-50% of anything that remains depending on how much it is and how much cash fiat I need on hand. I'd buy many pairs of pants and set a laundry budget and hold until at least $1 or until I run out of cash to wash all the pants I'd be going through. https://preview.redd.it/fp78od9nvqe61.jpg?width=800&format=pjpg&auto=webp&s=12f4aa102cc6d1fa08d03ca30cff7e668fb5a865 Doge: if I'm James Franco on the First Time meme, and went through the ups and downs of crypto for half a decade or more, I'd be investing most (>50%) of my remaining non-crypto available cash and maybe 10% of my BTC net worth into doge because I understand that doge is the altcoin with the most potential for growth. Beyond the aforementioned logical explanations, it's just a gut feeling and an intuition based on years of training my natural neural nets on blockchain code, crypto charts, news, memes, telegram channels, etc. Not very interested in selling but could take out some gainz when price hits a few bucks. Alpha Doge: I have held through the 2013 bitcoin and the 2018 crypto bubble. Diamond hands, balls of titanium, you name it. Never used bitcoin to buy pizza. Will convert all of my fiat currency to doge since I don't have much fiat currency anyway. Might consider pouring some of the BTC I own into doge to support the movement since I have so much BTC anyway. If doge goes up against bitcoin a lot I could convert some back to BTC to stay 100 bitcoins clear from my best buddy. I really don't care about fiat so the price of a hard asset like doge coin in fiat doesn't matter to me. Elon Musk: IF HE'S IN I'M IN. Dogecoin could arguably become a major currency on Mars. Never. Sell. Your doge. Proof: roast me for using robinhood https://preview.redd.it/sg9vjjcmvqe61.png?width=851&format=png&auto=webp&s=f14de98a8552f8cb0254abf8ae9da8cf1b92373f |
Allegations of election-related fraud make for enticing press. Voter fraud, in particular, has the feel of a bank heist caper: roundly condemned but technically fascinating, and sufficiently lurid to grab and hold headlines. Perhaps because these stories are dramatic, voter fraud makes a popular scapegoat. In the aftermath of a close election, losing candidates are often quick to blame voter fraud for the results, and legislators cite voter fraud as justification for various new restrictions on the exercise of the franchise. ("The Truth About Voter Fraud," abstract)Similarly, Raymond Gastil, writing in an article in the journal Studies In Comparative International Development in 1990, noted that
in many new or transitional countries, it is standard practice for the opposition to point out before the election how the government will "steal" the election. If the opposition loses, it will then make strenuous claims that the election was stolen. Thus the ARENA party in El Salvador has claimed fraud in each of the several elections in the 1980s; most recently it won the election and yet claimed that it was robbed of the greater win to which it was entitled. Claims and counterclaims of this nature are seldom subject to verification, even for those on the ground.Although the U.S. obviously isn't a new or transitional country, it's impossible not to see close parallels to the accusations of Trump here — especially the similarity between the claim of having been "robbed of the greater win to which it was entitled" and Trump sweetening his electoral win by insisting that he won the popular vote, too, so long as "illegal" votes are deducted from the tally.
in northern battlegrounds such as Michigan, Pennsylvania and Wisconsin . . . officials are not permitted to begin processing mail ballots until the day of the election (or, in Michigan's case, the day before). In those states, a "red mirage" of Trump-heavy Election Day votes could linger until larger metro counties report huge tranches of early ballots later in the evening.(As for mail-in votes skewing highly Democrat, this also has mundane explanations. For reasons that are less than clear, on numerous occasions Trump strongly discouraged his supporters from voting by mail. Unfortunately I don't have the room to fully get into this, though there's certainly some interesting/surprising data about just how overwhelmingly blue mail-in voting skewed even in a number of red strongholds.)
According to a video Maricopa County published on Oct. 24, Sharpies — at home and at the ballot box — are compatible with their scanners, and were actually the best choice for filling out ballots, due to their fast-drying ink.Claim Some of the votes of those in Maricopa County, Arizona were rejected due to stray marks or (possibly) ink bleed-through; yet some poll workers seemed unable to help voters remedy this and cast a valid vote, due to their own confusion about how the tabulating machines worked.
During the election, the county’s ballot printer sent out around 60,000 absentee ballots with a typo that could not be read by the county’s tabulation machines. Because of this mistake, county workers had to copy about 35,000 of the votes by hand onto new ballots.This also intersects with Arizona's SharpieGate slightly: one fact check re: SharpieGate noted that
According to the state's elections procedures manual, if a felt-tip pen mark does bleed through, the ballot will likely get sent for duplication. An election worker will fill out a new ballot using the voter's choices that will be read properly by tabulation machines.I'm not sure what measures are in place to ensure that the poll workers don't switch the votes in these instances (besides any poll observers who could see this); but in any case, the "risk" of one's vote being switched seems to be equal for Democrat and Republican voters — something that was also noted by the Arizona Attorney General Mark Brnovich (Republican).
County election workers had mistakenly counted votes from the city of Rochester Hills, Mich., twice, according to the Michigan Department of State. The workers later spotted the error.That being said, it's also not exactly true that things like vote-flipping can only be caused by human error. In the section "The Challenge of Aging Machines" in a 2014 Brennan Center report on voting machine risks, for example, this discusses instances of vote-flipping that come from calibration errors caused by touch screens that shift and degrade over time. An NPR article from 2016 makes similar observations, while also reporting on how this led to widespread accusations of these votes instead being deliberately "rigged."
Vote reports from Volusia County severely understated Gore’s actual total when a faulty computer memory card reported votes that were off by thousands. That precinct, Number 216, subtracted more than 16,000 votes from Gore’s total and added votes to Bush’s total. In addition, an apparent reporting error in Brevard County reduced Gore’s total by an additional 4,000 votes.It also briefly notes other errors, too, such as
In Massachusetts, 30,000 votes were left uncounted in 51 precincts because of human error.An article in the Denver Post re: the 2016 Colorado primary notes "a reporting error on caucus night":
In New Mexico, election officials thought that a handwritten notation about absentee votes from one precinct indicated 120 votes for Gore, when the actual number was 620.
The problem . . . occurred when a volunteer at Byers Middle School in Denver punched the wrong vote tallies from 10 precincts into the party’s interactive voice response system for the presidential preference poll.A Brennan Center report on voting machine failures includes a very long list of human and machine errors in various U.S. elections. Among some of the most significant of those listed include the 2002 Alabama gubernatorial election, where
The state party’s website reported March 1 that Sanders won 14,624 votes, or 54 percent, in Denver County and Clinton took 12,097 votes, or 45 percent.
But the corrected numbers for Denver County give Sanders 15,194 votes, or 56.5 percent, and Clinton with 11,527, or 43 percent, according to official party results.
The Birmingham News and the New York Times reported that an error in the way officials downloaded vote data from a computer cartridge led to an incorrect initial tally of votes in the gubernatorial election. The initial tally of the votes showed that the Democratic incumbent had received 19,070 votes in Baldwin County. A reexamination of the vote tallies showed that the incumbent received only 12,736 votes, which gave the victory to his Republican challenger.Further, in the 2004 Presidential and congressional elections,
local officials discovered an error in eight Diebold scanners that had been used on 208,446 absentee ballots. According to the North County Times, votes were miscounted in both the Democratic presidential primary race and the primary race for the Republican U.S. Senate seat. A recount was conducted, revealing that “2,821 absentee ballots cast for Democratic presidential hopeful John Kerry were actually counted for Dick Gephardt.” Similarly, in the Senate race, 68 votes for one candidate and six votes for another were credited to a third candidate. The Union Tribune reported that multiple scanners caused the error, feeding data into the tabulation system at once.An article on irregularities in the 2018 midterms in GA begins
To find a clue about what might have gone wrong with Georgia’s election last fall, look no further than voting machine No. 3 at the Winterville Train Depot outside Athens.
On machine No. 3, Republicans won every race. On each of the other six machines in that precinct, Democrats won every race.
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