WHY IS DOGE BACK ON MY RADAR?

in #doge3 years ago

The governing board for DOGE is not ignorant. The problems that I pointed out previously about DOGE have become topics of interest. The primary spokesperson Hoskinson also an Ethereum co-founder has said that Elon Musk's influence could hurt investors.

The problem as a mentioned is that with great gains DOGE is not viable for the use of making tips that had become known for. Because DOGE is no longer a sub penny token as it once was, the standard one DOGE transaction fee has become too steep. The team is aiming for a 0.01 DOGE transaction fee. As DOGE is still a POW (Proof Of Work) token, the token must remain profitable for miners. This presents a problem that much of the crypto market has already addressed. POS (Proof Of Stake) used to secure consensus algorithms is much, much less costly. Hoskinson stated that with out some serious modifications to the code that DOGE could collapse.

Hoskinson stated that "real developers" were needed to modify the underlying code that DOGE coin operates on. I would take that as Hoskinson saying that the open source developers of the DOGE community were not up to such a task. At least not on the time frame needed for DOGE to hold it's share of the crypto market.

With a two thirds vote from the DOGE community to make changes on the DOGE protocol I don't think that these changes will happen fast enough to prevent a tremendous loss of value in DOGE. My personal opinion is drop it like it's hot, go on the the money and run.

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