Everyone remembers the crazy run that Dogecoin had to an ATH of $0.736 but everyone forgets the -93.2% correction to $0.0497 just one year later
Interestingly at the exact moment of me writing this $DOG is also down -93.2% from its ATH
We must remember that memecoins are the most volatile asset class in the world
There is no escaping the volatility
Even the most valuable memecoin in the world that was bull posted by the richest man in the world relentlessly for months had a correction equal to what $DOG is experiencing right now
Volatility is both a curse and a blessing
The same thing that allows $DOG to drop from $1B to $67M is what may allow it to one day go to the moon and become the #1 memecoin in the world
With no other asset class is something like that possible
The roller coaster ride is part of the experience for better or worse
The reason I want everyone in the $DOG Army to internalize this is because it makes us sharper and stronger
Not every $DOG soldier has gone through 4 cycles
Every cycle without fail when the bear market arrives the vast majority of people think that Bitcoin and crypto are dead forever
But the true believers who understand the significance of this technology know that this is only the beginning
I've attached a short clip from a conversation I had with @Cryptolution over a year ago in the middle of the bull run that I believe is quite prescient right now that I encourage everyone to listen do
I need each and every one of you to realize that this will not be easy
We did not pick an easy mission
But what matters right now is that we hold on and keep fighting even in the hardest of times because these are the moments that define us
These are the moments where true conviction is forged
Our work is not done
In fact we are just getting started
I want you all to know that it is an incredible honor to serve in the $DOG Army every day with each of you
If you are here today reading this you are a $DOG legend
You will be the reason for $DOG ATHs
You are the real $DOG soldier who I have been waiting two years to meet 🫡
How the Runestone & $DOG airdrops were funded: (correction)
Runestone airdrop (112k+ inscriptions) would have cost $100k+ in BTC fees.
Leonidas didn’t pay out of pocket and didn’t raise VC
-Solution 1: Auctioned the “parent” Runestone inscription (largest ever mined) sold for 8 BTC.
-Solution 2: The community voluntarily donated 3.5 BTC extra to guarantee all fees were covered.
The surplus from that pool fully funded the etching and 100 % free $DOG airdrop (Rune #3) on halving day
Result:
Two legendary, 100 % fair launches.
Paid for by the community itself and one historic auction.🫡
BREAKING: The Bitcoin Runes token $DOG is currently trending on X
14K $DOG posts in the past day
98K $DOG posts in the past week
529K $DOG posts in the past month
100% of the $DOG supply was airdropped for free in a volunteer initiative with no insider allocation or treasury
$DOG is CC0, open source, and has no team
One sextillion hashes per second of proof of work compute secures $DOG
When I say that $DOG is unruggable I mean it!
After surviving life-changing burns, this artist found healing in creation.
Xiaoshang Xiao Ge creates stunning images on colored glass with a hammer and needle, bringing personal stories to life one dot at a time
https://t.co/6iSTQqtgB1
Your annual reminder that 99% of Ethereum NFTs are stored in centralized data centers like AWS
If you want your digital art to live forever inscribe it into the Bitcoin blockchain with Ordinals
The $DOG chart signiture looks remarkably similar to the $pepe chart signiture before it went into orbit.
But $Dog is going all the way to the moon. 🚀🚀🚀
Because $Dog is on Bitcoin.
Once the downtrend is decisively broken (soon imo) anything is possible!!! 🫡
The truth about Runes 🧵
The truth is that the Runes 1.0 infrastructure wasn't ready for the masses but I have incredible news
Runes 2.0 is here and it solves all of your problems!
During the 2024 Runes hype people rightfully complained about not having aggregators, getting sniped, long block times, lack of liquidity, mint fees going to miners, no failed mint refunds, and the "buying in lots" UX
But thanks to builders like @radfi_btc, @dot_swap, @SatsTerminal, @RunesDEX, @xverse, and many more, these are all problems of the past
And the best part is that Runes 2.0 is still trustless and on Bitcoin L1
When attention inevitably comes back to the Bitcoin ecosystem I think people are going to be shocked at how much better the UX has gotten in just 12 months
The Bitcoin ecosystem is already experiencing a new cohort of tokens like $PIZZA, $NODESTR, and $RAD born during the Runes 2.0 era that benefit from much thicker on-chain liquidity
Tokens launched during the Runes 1.0 era also benefit from all of the UX improvements of Runes 2.0 as well and it has never been easier or faster to buy OG Bitcoin memecoins like $DOG, $MIM, $PUPS, $BILLY, $GIZMO, or $LOBO
The general mistake that people made with Runes was being too quick to judge a brand new protocol
The UX for ERC-20 and SPL tokens also sucked during the first year after they launched
It takes time for an ecosystem to mature and for the tech to get built out
If you're excited about the maturity of the Runes infrastructure and the massive opportunity of tokens on Bitcoin that Runes 2.0 unlocks then smash the repost button so that everyone learns about Runes 2.0!