Bitcoin is gold and Ethereum is silver. This should be beyond dispute.
Next, let’s focus on why “Dogecoin is copper”.
Because: Dogecoin is as cheap and useful as a copper coin, it is easy to pay, has low fees, and it has also gained widespread consensus around the world.
The cryptocurrency industry has been developing for more than ten years. Now it seems that Bitcoin is not suitable for "peer-to-peer payment". It is more suitable for "value storage"; and Ethereum, its system has now become a "Windows operating system" for cryptocurrency, with a variety of rich and uncertain applications. In terms of the high value and high transaction fees of Ethereum, it is more suitable for "value storage" rather than "peer-to-peer payment"; but Dogecoin is very suitable for "peer-to-peer payment", which is the "peer-to-peer payment" mentioned in Satoshi Nakamoto's white paper.
It is actually very easy to issue a cryptocurrency like Dogecoin now. Ordinary people like you and me can issue it at will. However, what is the probability that such a cryptocurrency will reach a broad consensus in the world? I think it should be zero.
Therefore, Cangli thinks that Dogecoin has a high probability of becoming the most convenient and easy-to-use "copper coin" for "peer-to-peer payment" in the future world, and one Dogecoin is equivalent to one copper coin.
However, if we infer this way, the price of Dogecoin should not be too high, and it should not exceed one dollar. If it reaches dozens or hundreds of dollars, can it still be called a convenient and easy-to-use "copper coin"?
The world needs high-value currencies like gold and silver, but the world also needs copper coins.
Therefore, the convenient and easy-to-use copper coins are the core value of Dogecoin.
