Real Video Footage - Vitalik Buterin:
If the Bitcoin Bubble is popped, what is the next coin???
With bitcoin sliding, we should look at our options. Today, it hit me! The Doge.
When Doge hits $100+ billion in market capitalization, and is rocking out near $1 just because crypto does not require sane valuations, the visionary dogecoin millionaires will be real millionaires.
I estimate by the time I am an old man, if the dogecoin network still lives, just maybe, it could be rocking the 100 bil mark. The thing you got to understand about cryptocurrency is that it is worthless. Absolutely worthless.
BECAUSE it is worthless, we never have to decide if something is valued sanely. We can skip that step in the process of rationalization. Gold bars? Nope, you have to hold those in your hands, meaning their value will always be linked to an intrinsic value. When you remove the intrinsic value by not having any, we can value things however we want.