Very Currency, Such Philosopical | Rhea Myers

Rhea Myers argues that Dogecoin, a memecoin created as a joke, is cynical in the philosophical sense of the ancient Cynics, as well as in the modern sense of the word. She draws a parallel between the coin's design and community and the behavior of Diogenes, who used deliberate provocations to teach virtue and promote his school. The article notes that Dogecoin's block time is about sixty seconds, compared with roughly ten minutes for Bitcoin, which it presents as making Dogecoin intrinsically worth less and therefore an "adulterated currency." It ends by comparing Elon Musk's interest in Dogecoin to Alexander's encounter with Diogenes.