A well established global commodity, passing through the digital airwaves to countless electronic devices at any given second, jumping borders and cultural barriers with ease. Memes are truly the digital commodity of the future. So it comes as no surprise that it would be Doge coin that would be taken on by mass adoption by the general public.
For years, we wanted decentralisation. A break away from hedge funds and global banks with ominous sounding names like Black Rock or Melvin Capital. To shatter the billionaire clubs run by the 50 families who tell the world how to function. A crypto coin named after a meme fits that narrative just fine. A coin that people have technically been sharing for years already, now it just has a little more value the smiles and reshares.
Bitcoin may not be the most valuable, but it is the most well known. The global superstar with all eyes of the paparazzi watching and waiting for the next scoop to take their stardom. Still sitting at a wounded $49,000 after the events this week, is this really the final blow to what was hailed as the future?
Crypto is not going away, just the star figure we all looked to. As much as some may wish to push that the blockchain is devoid of all rules, there are some universal laws that we cannot break away from. Time will come for all. From the days of trading sea shells and gems, to pieces of eight and gold backed paper, so too crypto must deal with the fact that the world is changing and the clocks never stop, not for anything.
The top actors from a decade ago, the top stocks from thirty years ago. All have gone through changes. Some faded into silently and others burst into flames for the world to see, but their principles and legacy still live on in one name or another.
Normally that mentioned billionaire club would be making waves amongst their political friends to give banks a head start on fixing this so bitcoin could lick its wounds peacefully and return with strength. Now there is no one. Out in the wild ocean the sharks are closing in with no protection nor hinderance at biting out chunks at what they see as their time to shine.
We wanted decentralisation, we got decentralisation. This is part of that grand scheme of things, with no safety nets nor saviours. Only universal law at its finest.
Backed further more by a new globalised youth, who have been raised on steroids of media consumption and understanding global politics influencing each other, their rallying cry adds to the demise of what we once thought to be an untouchable. Even if that rallying cry is a meme currency.
Doge coin may not be the new world currency, but it held the door open to the top table, and other coins came in behind it, challenging what many thought to the new norm. This may not be the end of Bitcoin but what we do know it is currently in the heart of the storm, it is old and very hungry. Unless some aid comes to fend off the massing predators, its death may feed the new generation of crypto who will power of dawning age of the block chain financial frontier
