Elon Musk fans truly believe he can make Dogecoin the currency of Earth

well? I think you have your answer

Myeah.

I keep thinking that if Trump and his ketamine-marinated monkey's paw turn out to be inept enough, the collapse may come sooner and with a minimum of misery (well, a US broken back to the 70's) see every last MAGA enabler in jail.

But there's good odds that conditions will worsen slowly enough they have time to start processing that unending list of enemies a fascist government needs. It may be decades or generations before an american sees a free election again.
 
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11 (11 / 0)

Uncivil Servant

Ars Scholae Palatinae
3,986
Subscriptor
At some point thereafter even the most neutral fence sitter/nazi enabler can't shut their eyes and the uprising comes.

Ah yes, just as the Germans famously rose up when the Nazis built death camps?

This is a hilarious fantasy: if things reach the point you're talking about, there is no uprising, trust me. There are plenty of off-ramps, but they all require functioning civil society and rule of law. Once that breaks down, then it takes decades to rebuild. See: Afghanistan, Iraq, Syria, Haiti, Somalia, Venezuela, Cuba, Iran, etc
 
Upvote
21 (22 / -1)

Madestjohn

Ars Tribunus Angusticlavius
6,572
Myeah.

I keep thinking that if Trump and his ketamine-marinated monkey's paw turn out to be inept enough, the collapse may come sooner and with a minimum of misery (well, a US broken back to the 70's) see every last MAGA enabler in jail.

But there's good odds that conditions will worsen slowly enough they have time to start processing that unending list of enemies a fascist government needs. It may be decades or generations before an american sees a free election again.
i was on that speculative hype train in January
- for a brief moment
hoping they would Liz Truss themselves
revealing their incompetence so starkly that the established financial markets would have to step in

even posting my sudden sporadic bouts of optimism on these forums

That period of vanishing mirages of hope didn’t last too long
 
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16 (16 / 0)

Madestjohn

Ars Tribunus Angusticlavius
6,572
Ah yes, just as the Germans famously rose up when the Nazis built death camps?

This is a hilarious fantasy: if things reach the point you're talking about, there is no uprising, trust me. There are plenty of off-ramps, but they all require functioning civil society and rule of law. Once that breaks down, then it takes decades to rebuild. See: Afghanistan, Iraq, Syria, Haiti, Somalia, Venezuela, Cuba, Iran, etc
again that list of countries
.. and somehow missing the obvious connections
 
Upvote
10 (10 / 0)
Ah yes, just as the Germans famously rose up when the Nazis built death camps?

This is a hilarious fantasy: if things reach the point you're talking about, there is no uprising, trust me. There are plenty of off-ramps, but they all require functioning civil society and rule of law. Once that breaks down, then it takes decades to rebuild. See: Afghanistan, Iraq, Syria, Haiti, Somalia, Venezuela, Cuba, Iran, etc

Germany never got to that point. They were beaten down long before their society had the chance to collapse.
This will not happen to any nuclear power, least of all the US.

No, that nation will, once the fascists have burned themselves and the country out, likely enter the same era of politics which France did after the revolutionary years.

It will be utter shit for a few more turns of the wheel and I personally doubt what emerges from the current regime will be either democratic or a republic.

One thing is for sure - that what the current electorate has allowed to happen will not be reversible. The perception of elections and voters choice may linger for a bit, but...you aren't getting your country back by peaceful means, and you havent suffered enough to muster the steam to take it back by other means.

You said it yourself. The off-ramps require rule of law and a functioning civil society.
Well, the law now is what Trump says it is. SCOTUS permanently recused themselves even if he orders every judge and DA to rule against him killed or ignored.
And "civil society" has not been a thing in the US since 2016.
 
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19 (20 / -1)
Post content hidden for low score. Show…
Cool. You get a new crystal ball? The one from 4 years ago, and the ones before that, didn't work so good. Swings from "utopia" to "apocalypse". Surely this one works!

Why is it labeled "apocalypses/utopia that suit my worldviews?"

Look... no one likes the cheeto, but it's pretty funny listening to all of the "futures that definitely absolutely will be unless you vote for me" and yet here we are decades down the road. Still no "executions", still no "ministry of truth", still no "promised land" after decades of empty promises/threats. I have heard certain people suggesting "reeducation" (death camps) though.

That's a cool bit of fiction you spun, much like Biden being a out and out Marxist, but you ought to write a book. A fiction book. Specifically: fearmongering.

You wanna history lesson? All of histories tragedies stem from a concentration of power. You need some, sure, but Fascism and Communism both derived their horrors from thinking "giving all my power to that one charlatan will fix everything. Letting them think for me will be so much easier" was a great idea. To me, the two are the same result of different songs. History agrees.

"It's okay when I like it". Is hypocrisy embodied. And there are a lot of hypocrits today. We're all fine with the President being a damn Emperor when it suits us, then lose our shit when the shoe is on the other foot. Hy. Po. Crits. Unless we are just pretend the last election didnt happen? Rewind 4 years ago, and look in a damn mirror.

Be the change you want to see. Violence is giving up. And stop spinning fictions to give you the warm fuzzies. That doesn't help the people that need food.

PS, I'm equally enjoying the utter delusion that the only path autocracy goes is a frolicking happy unicorn "victory for the little man". History, as so pointed out repeatedly, LOVES to crap all over that notion. Consider some of the core "players" invoked regularly. "Victory" was never assured, lots of failures, and often at a horrible price to the "cause". Even Frances revolutions were largely the result of cultural aspects and a complacent aristocracy (which the "little guy" reinstalled shortly after, everyone forgets that nugget). I mean, if you are fine waiting hundreds of years, I guess a total reset is a victory for the "little man". I call it entropy and a Dark Age.
No one ever predicted that Biden or Harris would get anyone a utopia. A lot of us in fact complained about how the status quo would basically not move at all with Biden, and that it seemed that would be the same with Harris.

But we were also going to tell everyone that the status quo was better than anything Trump was about to do.

And now, he's doing all of it. He lied and said that he didn't have anything to do with Project 2025, and now he's doing all of it that he can manage.

You better start believing in dystopias, you're in one.
 
Upvote
45 (45 / 0)
Cool. You get a new crystal ball? The one from 4 years ago, and the ones before that, didn't work so good. Swings from "utopia" to "apocalypse". Surely this one works!

Why is it labeled "apocalypses/utopia that suit my worldviews?"

Look... no one likes the cheeto, but it's pretty funny listening to all of the "futures that definitely absolutely will be unless you vote for me" and yet here we are decades down the road. Still no "executions", still no "ministry of truth", still no "promised land" after decades of empty promises/threats. I have heard certain people suggesting "reeducation" (death camps) though.

That's a cool bit of fiction you spun, much like Biden being a out and out Marxist, but you ought to write a book. A fiction book. Specifically: fearmongering.

You wanna history lesson? All of histories tragedies stem from a concentration of power. You need some, sure, but Fascism and Communism both derived their horrors from thinking "giving all my power to that one charlatan will fix everything. Letting them think for me will be so much easier" was a great idea. To me, the two are the same result of different songs. History agrees.

"It's okay when I like it". Is hypocrisy embodied. And there are a lot of hypocrits today. We're all fine with the President being a damn Emperor when it suits us, then lose our shit when the shoe is on the other foot. Hy. Po. Crits. Unless we are just pretend the last election didnt happen? Rewind 4 years ago, and look in a damn mirror.

Be the change you want to see. Violence is giving up. And stop spinning fictions to give you the warm fuzzies. That doesn't help the people that need food.

PS, I'm equally enjoying the utter delusion that the only path autocracy goes is a frolicking happy unicorn "victory for the little man". History, as so pointed out repeatedly, LOVES to crap all over that notion. Consider some of the core "players" invoked regularly. "Victory" was never assured, lots of failures, and often at a horrible price to the "cause". Even Frances revolutions were largely the result of cultural aspects and a complacent aristocracy (which the "little guy" reinstalled shortly after, everyone forgets that nugget). I mean, if you are fine waiting hundreds of years, I guess a total reset is a victory for the "little man". I call it entropy and a Dark Age.
(emphasis mine)

How is that not exactly what Trump is doing right now?
 
Upvote
17 (18 / -1)
Cool. You get a new crystal ball? The one from 4 years ago, and the ones before that, didn't work so good. Swings from "utopia" to "apocalypse". Surely this one works!

Why is it labeled "apocalypses/utopia that suit my worldviews?"

Look... no one likes the cheeto, but it's pretty funny listening to all of the "futures that definitely absolutely will be unless you vote for me" and yet here we are decades down the road. Still no "executions", still no "ministry of truth", still no "promised land" after decades of empty promises/threats. I have heard certain people suggesting "reeducation" (death camps) though.

That's a cool bit of fiction you spun, much like Biden being a out and out Marxist, but you ought to write a book. A fiction book. Specifically: fearmongering.

You wanna history lesson? All of histories tragedies stem from a concentration of power. You need some, sure, but Fascism and Communism both derived their horrors from thinking "giving all my power to that one charlatan will fix everything. Letting them think for me will be so much easier" was a great idea. To me, the two are the same result of different songs. History agrees.

"It's okay when I like it". Is hypocrisy embodied. And there are a lot of hypocrits today. We're all fine with the President being a damn Emperor when it suits us, then lose our shit when the shoe is on the other foot. Hy. Po. Crits. Unless we are just pretend the last election didnt happen? Rewind 4 years ago, and look in a damn mirror.

Be the change you want to see. Violence is giving up. And stop spinning fictions to give you the warm fuzzies. That doesn't help the people that need food.

PS, I'm equally enjoying the utter delusion that the only path autocracy goes is a frolicking happy unicorn "victory for the little man". History, as so pointed out repeatedly, LOVES to crap all over that notion. Consider some of the core "players" invoked regularly. "Victory" was never assured, lots of failures, and often at a horrible price to the "cause". Even Frances revolutions were largely the result of cultural aspects and a complacent aristocracy (which the "little guy" reinstalled shortly after, everyone forgets that nugget). I mean, if you are fine waiting hundreds of years, I guess a total reset is a victory for the "little man". I call it entropy and a Dark Age.

I'm not sure where you read all of what you're responding to. I'm saying that there is no off ramp from where MAGA has taken the US. History is pretty damn clear about how fascist governments eventually fall.

Best case scenario is more or less France, post revolution. They passed through several turns of political instability, authoritarian rule, and arguably brief repeated dips into fascism before they got to where they are now. Which still is far from ideal, I'd have to ssy.

Trump having SCOTUS declare him beyond legal sanction and him just writing the SEC and the election oversight committe into bondage to himself? That's not reversible unless by some miracle every election producing a non-trumper candidate isn't declared invalid now.

Point at any single halfway plausible way of getting the US off this track other than waiting until US misery is so widespread as to cause an uprising or some of Trump's new generals makes a south american-style power grab.

Because I'm not seeing any options here. Not when the teflon done has rendered himself utterly immune to the rule of law.
 
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22 (22 / 0)
I'm not sure where you read all of what you're responding to. I'm saying that there is no off ramp from where MAGA has taken the US. History is pretty damn clear about how fascist governments eventually fall.

Best case scenario is more or less France, post revolution. They passed through several turns of political instability, authoritarian rule, and arguably brief repeated dips into fascism before they got to where they are now. Which still is far from ideal, I'd have to ssy.

Trump having SCOTUS declare him beyond legal sanction and him just writing the SEC and the election oversight committe into bondage to himself? That's not reversible unless by some miracle every election producing a non-trumper candidate isn't declared invalid now.

Point at any single halfway plausible way of getting the US off this track other than waiting until US misery is so widespread as to cause an uprising or some of Trump's new generals makes a south american-style power grab.

Because I'm not seeing any options here. Not when the teflon done has rendered himself utterly immune to the rule of law.
Also, people are being disappeared. It’s just immigrants at this point, so most people don’t notice.
 
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16 (17 / -1)

panoptotron

Ars Praetorian
421
Subscriptor
You know what makes fiat currencies work: faith, literally belief in the absence of proof (or in this case tangible proof as stock markets and GDP aren't something you can touch like gold). Faith is established with trust and historical performance.

Question: why would anyone have faith in a meme coin when the people who start them aren't trustworthy and they have, at best no history, at worst one can look at the meme coin sector which has a terrible history.
Well, faith and the legal requirement to pay your taxes in that currency, backed by the state’s monopoly on violence and enormous capacity to dole out that violence as it sees fit.

That’s also a good motivator for fiat adoption.
 
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11 (11 / 0)

LotusPoet

Wise, Aged Ars Veteran
516
I should clarify.

At this point I would be in despair but not shocked surprise to find Trump et. al. rolling out mass executions. Initially unofficially by way of the cheerful SA he's got hanging on to his every word.
Then, once he's gotten the hang of it, through more official death squads, the first victims of whom will likely be his loose cannon Röhm copycats.
Finally, the camps will be built when the prisons can no longer hold all the appointed enemies of the state. At which point the killing at scale begins, likely first through deprivation, weird suicides, or stumbling out the window of the tent.

At some point thereafter even the most neutral fence sitter/nazi enabler can't shut their eyes and the uprising comes. The conclusion of which will and should see a sufficient use of guillotine and gallows so as to bury fascism for another century. And the people who couldn't grok the danger of Trump cry loudly "Who could have known?!". People who need to be horsewhipped through the street by those who spent years shouting about what was coming from the fucking rooftops.

That's the progression from here on. Some stages may take years or even decades to move through but history tells us there's no off ramp before the above has all played out.

This chapter of history will end only when, speaking metaphorically, at the end, madame Guillotine finally shaves the neck of Robespierre.
There's already camps. WTF you think Gitmo Bay is?

BUT, it's not all Guillotines and violence:
https://en.m.wikipedia.org/wiki/Nicholas_Winton
https://en.m.wikipedia.org/wiki/Oskar_Schindler

Caring about others is the easiest thing there is. Cleaning up/dealing with the damage caused by those who don't is something us humans write history about. And poetry, and songs, and mythology, and religion, and art, and industrial/commercial/financial regulations, and laws, and constitutions, and bibles, and... pretty much everything that defines us as a species.

"Love thy neighbor as thyself" is how to be a bleeding-heart liberal (which we both are). And yeah, it hurts our souls and cuts our hearts (thus the "bleeding")... But what other choice is there?
 
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15 (15 / 0)
Homeless people too, but that's been going on for a while.

The fact that US law enforcement has been riddled with white supremacists and has a very long standing corruption issue exacerbates the problem.

Easier for a militia to beat a homeless, trans, civil activist, or brown person to death when the local police are more likely to keep bypassers from interfering than to stop the beating.

When the fascists began taking over the courts, law enforcement, the civil servants, the school boards, the state and municipality legislatures and mayor's offices the vadt majority of the US saw fit to just shrug and say 'not my circus, not my monkeys'.

And now the president has appointed himself king, is rolling out project 2025, and STILL there are those who think that it'll all swing back next election.

It's that myth of american exceptionalism. It has to be. Because no one fully rational looking at Trump specifically taking over the SEC and the election oversight committee could possibly bank on there being elections again.

Hell, he said it out loud with that 'Vote for me and you'll never have to vote again' line.

https://www.reuters.com/world/us/tr...ont-have-vote-after-this-election-2024-07-27/
 
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22 (22 / 0)
There's already camps. WTF you think Gitmo Bay is?

BUT, it's not all Guillotines and violence:
https://en.m.wikipedia.org/wiki/Nicholas_Winton
https://en.m.wikipedia.org/wiki/Oskar_Schindler

Caring about others is the easiest thing there is. Cleaning up/dealing with the damage caused by those who don't is something us humans write history about. And poetry, and songs, and mythology, and religion, and art, and industrial/commercial/financial regulations, and laws, and constitutions, and bibles, and... pretty much everything that defines us as a species.

"Love thy neighbor as thyself" is how to be a bleeding-heart liberal (which we both are). And yeah, it hurts our souls and cuts our hearts (thus the "bleeding")... But what other choice is there?

What other choice? None. That's my point. I still differ on that it's easy. Its not. Caring is hard.

People who don't give a single fuck for others have it oh so much easier. They can pass through a homeless alley or a KZ and feel nothing beyond whether they want chicken or meat for dinner.

Or read about the latest hate crime with no more reaction than mild irritation at having to turn one page further to get the sports results.

And yes. Gitmo. White supremacists in law enforcement. Christian fanatics on school boards. Fascists in a thousand leadership positions. The prep work may not have been planned, but the US has been ripe for fascism for a while. Draped in the american flag and carrying a cross, as it were.
 
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16 (18 / -2)

Madestjohn

Ars Tribunus Angusticlavius
6,572
The fact that US law enforcement has been riddled with white supremacists and has a very long standing corruption issue exacerbates the problem.

Easier for a militia to beat a homeless, trans, civil activist, or brown person to death when the local police are more likely to keep bypassers from interfering than to stop the beating.

When the fascists began taking over the courts, law enforcement, the civil servants, the school boards, the state and municipality legislatures and mayor's offices the vadt majority of the US saw fit to just shrug and say 'not my circus, not my monkeys'.

And now the president has appointed himself king, is rolling out project 2025, and STILL there are those who think that it'll all swing back next election.

It's that myth of american exceptionalism. It has to be. Because no one fully rational looking at Trump specifically taking over the SEC and the election oversight committee could possibly bank on there being elections again.

Hell, he said it out loud with that 'Vote for me and you'll never have to vote again' line.

https://www.reuters.com/world/us/tr...ont-have-vote-after-this-election-2024-07-27/
The fact that US law enforcement has been riddled with
… was founded on the principles of white supremacy and corruption is the problem.
 
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12 (14 / -2)
The fact that US law enforcement has been riddled with
… was founded on the principles of white supremacy and corruption is the problem.
...aannnd we're back to the US having been bound to this course since about 1865.

Not that i disagree.

Arguably this was unavoidable ever since 16th and 17th century europe exiled its own Taliban to the New World.
 
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13 (14 / -1)
Doggy has always been my preferred pronunciation. I don't care if I'm wrong.
(The following is not saying "YOU'RE WRONG", it is only explaining my understanding of the origin of "doge".)

I thought it was from how Japanese adopted "doggy" into their language as ど (do) ゲ (ge), pronounced "doh-geh" (as opposed to their "inu" (dog)/"koinu" (puppy)).

So, yes, "doggy" is closer than "doj".

(Edit: had the ko on the wrong end of "puppy")
 
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Upvote
5 (5 / 0)

jaynor_

Wise, Aged Ars Veteran
101
You know what makes fiat currencies work: faith, literally belief in the absence of proof (or in this case tangible proof as stock markets and GDP aren't something you can touch like gold). Faith is established with trust and historical performance.

Question: why would anyone have faith in a meme coin when the people who start them aren't trustworthy and they have, at best no history, at worst one can look at the meme coin sector which has a terrible history.
I generally agree with your sentiment so pardon my forthcoming pedantry. It’s the econ major in me that has to point out that fiat currencies work less on faith and more because we are required by law (and thus threat of force) to use them to transact with our governments. US citizens pay their taxes in dollars or they go to jail. Federal, state, and local funds are disbursed in dollars. These laws are the fiats that make the currency work.

The “faith” required is that the government that issued the currency will continue to function, which in a stable country doesn’t take a lot of faith, really.
 
Upvote
16 (16 / 0)
Well if @MarkHughes isn't, I'm happy to step up to the plate.

  • Cryptocoins aren't news
  • Cryptocoin grifters aren't news
  • Cryptocoin 'experts' proclaiming that "this time it really will work" aren't news.
  • The Cult of Musk isn't news.
  • The arguments against using crypto as an actual currency have been flogged to death, buried in soft peat and recycled as firelighters, in a gazillion (I may be exaggerating a bit) crypto articles here on Ars.

TL: DR. This article isn't news, let alone tech news, and if it wasn't about Dogecoin, and thus Musk, nobody would give half a recycled Trump about it.
It's odd that a much more impactful crypto story just happened, involving the open bribery of Donald Trump via meme coin, and the SEC suit just got stayed, and will likely be dismissed. Why write about Elon meme coin that affects almost nobody instead?

https://popular.info/p/breaking-sec-halts-fraud-prosecution
A few weeks after Trump won the 2024 presidential election, Sun publicly announced that he had become WLF's largest investor, buying $30 million of its tokens. Sun added that his company, TRON, was “committed to making America great again.”

Sun’s purchase put millions in Trump's pocket. WLF was entitled to “$30 million of initial net protocol revenue” in a reserve “to cover operating expenses, indemnities, and obligations.” After the reserve was met, a company owned by Trump would receive “75% of the net protocol revenues.” Sun’s purchase covered the entire reserve. As of December 1, this amounted to $18 million for Trump — 75% of the revenues of all other tokens sold at the time. Sun also joined WLF as an advisor. While the purchase benefited Trump, WLF tokens are essentially worthless for Sun, as they are non-transferable and locked indefinitely.

Nevertheless, Sun has since invested another $45 million in WLF, bringing his total investment to $75 million. This means Sun's purchases have sent more than $50 million to Trump, Bloomberg reported. Sun has also continued to shower Trump with praise. On January 22, Sun posted on X, “if I have made any money in cryptocurrency, all credit goes to President Trump.”
 
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4 (4 / 0)
I generally agree with your sentiment so pardon my forthcoming pedantry. It’s the econ major in me that has to point out that fiat currencies work less on faith and more because we are required by law (and thus threat of force) to use them to transact with our governments. US citizens pay their taxes in dollars or they go to jail. Federal, state, and local funds are disbursed in dollars. These laws are the fiats that make the currency work.

The “faith” required is that the government that issued the currency will continue to function, which in a stable country doesn’t take a lot of faith, really.
Conversely, crypto requires (at the minimum) faith that you will still have access to the internet… access which can be cut off by the governments you don’t have faith in to begin with.
 
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11 (12 / -1)

Madestjohn

Ars Tribunus Angusticlavius
6,572
any pretence that the America empire hasn’t fallen
hasn’t degenerated into a shabby criminal enterprise

just went out the window with the clumsily attempted shake down of Ukraine in the Whitehouse today

nothing Chamberlain or Oswald Mosley did is comparable to the sell out just broadcasted to the world

we are truly fucked
 
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9 (12 / -3)
any pretence that the America empire hasn’t fallen
hasn’t degenerated into a shabby criminal enterprise

just went out the window with the clumsily attempted shake down of Ukraine in the Whitehouse today

nothing Chamberlain or Oswald Mosley did is comparable to the sell out just broadcasted to the world

we are truly fucked
Your post is very oddly

structured.
 
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13 (13 / 0)
Upvote
4 (4 / 0)

LotusPoet

Wise, Aged Ars Veteran
516
What other choice? None. That's my point. I still differ on that it's easy. Its not. Caring is hard.

People who don't give a single fuck for others have it oh so much easier. They can pass through a homeless alley or a KZ and feel nothing beyond whether they want chicken or meat for dinner.

Or read about the latest hate crime with no more reaction than mild irritation at having to turn one page further to get the sports results.

And yes. Gitmo. White supremacists in law enforcement. Christian fanatics on school boards. Fascists in a thousand leadership positions. The prep work may not have been planned, but the US has been ripe for fascism for a while. Draped in the american flag and carrying a cross, as it were.
And I differ on scale.

I pass through a homeless alley and I'll probably see people I know by name because I lived there for 9 months. I witnessed a random double homicide on my way to 1st period Algebra in highschool. The mother of my child killed herself because of the autism I was born with. The only 2 family members I have left have kicked me out of their lives more than once. One of my best friends killed themselves because those of us he loved the most were too wrapped up in our own suffering to help him through his.

And that's a pretty fuckin' utopian life to people that ended up in mass graves at best.

Remember the past.
Fight for the future.
In any every capacity you can.

ETA: Stop worrying about how easy it is for assholes. Start making it harder for them.
 
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10 (11 / -1)
Do you mean the constant barage of articles about Musk that have nothing to do with tech news ? I have an Adblock, Can I get a Muskblock ?
Feel free to deport yourself back to the Daily Inbred. Conservative "news" exists for the sole purpose of telling freaks like yourself what you want to hear.
 
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16 (19 / -3)