We stumbled on an Old tweet of CZ Binance spreading FUD on Dogecoin investors tagging the project as “Abandoned”

Some pros/risks of #Doge.

Pros: Cool, fun, PR manager @elonmusk. Decentralized in the sense there are no "core team". It's abandoned.

Risks:
1 address holds 27% of all #DOGE.
Top 20 addresses holds more than 50%+ of all #DOGE
Kinda "centralized" in that sense.
"abandoned".
— CZ 🔶 Binance (@cz_binance) February 4, 2021

Very importantly, it was also abandoned by the founders. And no active dev team.

(Maybe we need to adjust our listing requirements, to require no dev team, lol).
— CZ 🔶 Binance (@cz_binance) January 28, 2021

The biggest risk with dogecoin is that it does not have halvings, there is the never-ending dilution of the doge supply. This makes dogecoin unusable for long-term savings. Contrast with #BTC, which successfully had its third halving last year. 1 BTC = 1/21 million BTC, no dilution.

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But today Dogecoin is glorious and has done mysteriously what Bitcoin has not done. So what is your take or contribution on this, use the comment session to share your thoughts.

Tags: binance Doge Dogecoin