Dogecoin does what it said it would do. It may be a memecoin but it has a good following and moves money the way it was meant to be. You may not like it but if you choose to revolutionize you have to realize many won't change what isn't broken. At this point dogecoin is as legitimate as steem if you look at their specific use cases. Hopefully steem grows but Dogecoin is a nice coin to have for the meme factor that many of us seem to love.
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Sure. And thats what i was talking about a bit in the post. The success of creating a following through good marketing.
Whats important to mention though is that the use case for dogecoin does not go beyond the basic determinants of a standard blockchain.
Steem does. I believe market cap should show that but it does not. No one can argue that Steem is far superior in absolutely every way but cannot compete with Doge in trade volume.
On the open market during the writing of this post had 1 million 24 hour trade volume while doge had 166 mil. 166 times more... (Not 10 like i mistakingly wrote here)
Thats a very peculiar thing that we should adress and try to realize solutions as to why that is. Implementing solutions to fix that.
Off the top of my head I would say Dogecoin has a much better community. I want steem to grow but the community is toxic and not as big as the dogecoin community. I hope this changes but its not something I expect from a coin that is very dependent on its social network.