A simple, undefined reply when an ignorant comment or action is made. Brought to life in the South Park series, when Mr. Derp made a guest apperance at South Park Elementary as the chef for a day, followed by hitting himself in the head with a hammer and exclaiming “Derp!”
That’s what a “derp” is. It’s also the adjective that best describes the disciples of Doge, which isn’t pronounced “doggie”, or “dog”, but “doej”. The derp that is Doge is magnificently exemplified by Nick Spanos, seen here above claiming, while apparently drunk/high, two questionable points of pride in the same breath:
1. That being a squatter means something, and
2. That Bitcoin is something that can be known.
Have the tears of laughter stopped? Don’t worry, they will.
Random block rewards and 1 minute block times make Dogecoin the Skinner Box of the cryptocurrency world. You never know what you’re gonna get! Well, other than socially awkward groupies tripping over each other’s capes to be first pumped and then dumped. The gullibility index of Dogers is through the roof, though their social aspirations are noble enough, if completely misguided. The scam being perpetrated by Billy Markus and Jackson Palmer, the creators of Dogecoin, is Mt Gox^ActiveMiner and will end just as spectacularly.
Bitcoin is valuable because it’s scarce, secure, and non-physical. Dogecoin’s ties to a cute mutt make it memorable but that’s about it. With 98 billion of the things scheduled to be mined in the first year, then only 5 billion every year thereafter, Dogecoin is destined to make a lot of poorly dressed teens, the type who shoot iPhones with shotguns when Apple taketh away, eat a lot of crow, or more likely, shoot a lot of dogs. Dogecoin has no value, no matter the delusions of its users.
The Dogederpage above isn’t confined to NYC either, the world’s first Dogecoin ATM recently launched in Vancouver, the same city that launched the first Bitcoin ATM. And the Decentralized Dogecoin/Dance Party, also apparently focused in Vancouver, is just some next level shit. You need to see it to believe it.
Summary of Today’s Lesson: There’s only one Bitcoin.