NOTE THIS ARTICLE IS SLIGHTLY DATED. I MADE A NEW UPDATED POST - VERSION 1.1 OF THIS SAME ARTICLE. THE INFORMATION IS BASICALLY THE SAME - JUST MORE CURRENT link here: https://www.reddit.com/dogecoin/comments/lfhomy/misconceptions_regarding_dogecoin_revised_version/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Misconceptions regarding Dogecoin. This information below is important. I ask that you please take the time to read this entire post before making judgment or commenting. My discord group of over 100 people have grouped together the majority of the most asked questioned and misunderstandings regarding Dogecoin, into the following 22 key points. Please read them below.
1) What is Dogecoin? Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021. [Wikipedia, 20210203]
2) Why Dogecoin? For the Lolz. Well, not quite. Initially as a purely meme-driven alternative to the likes of Bitcoin and Litecoin, Dogecoin in-fact boasts very low transaction fees and fast transaction times, very little network congestion, and most importantly, is designed to be used as a daily means of exchange, like your morning cup of coffee. Also, it is really fun, and who doesn't like the Dog ?!
1/2) What Is Dogecoin? And why Dogecoin? Back a few years ago, some crazy people banded together in support of a cryptocurrency known as Dogecoin. Similar to other cryptocurrencies, Dogecoin, the people's crypto, finds itself with the support of hundreds if not thousands of individuals pushing for this currency to succeed. But what is that?

 Unless you have been absent from every social bubble, you may have heard of Bitcoin. For the purpose of this explanation, you will find that Bitcoin is not exactly an easy thing to equate to Dogecoin, but lets think about the criteria of a Cryptocurrency. Bitcoin did not find its foothold overnight. In fact, it took several years. A lot of people fought tooth and nail for their belief in the coin. Crypto, in a nutshell, is a decentralized form of currency that finds its value in a combination of individual asset involvement, ease or difficulty in security of an exchange, creating a method of reliable, secure, trustworthy exchange, and other reasons. Think of it like this: to exchange goods and services without currency, one must barter. I can barter a service (a haircut, for example) towards someone who needs a haircut, and in exchange they can barter a good or service to me. Currency then becomes an "IOU" (I Owe yoU) so that, if somebody needs me to cut their hair, they can give me an IOU for a good or service they control. When enough people begin adopting this, a centralized currency eventually takes hold. Crypto seeks to take this a step further and, insteal of relying on building up a centalization in terms of valuable metals or debt, it is built up solely on the exchange of goods and services. Dogecoin, compared to other cryptocurrencies, finds itself in a strange position where the origins did NOT see it soaring to the moon in any situation. Funny how things can change in time. Dogecoin has pros and cons to it. Comparing it to other cryptos, it does not face a supply cap like Bitcoin does. It is not a directly equated asset, such as how Bitcoin can be attributed as a digital gold asset. Mining dogecoin is also much simpler (comparitively) and does not face difficulty spikes, a source of Bitcoin slow-down. In essence, in 50 years, Dogecoin will still be around, still be mined, still be traded. Bitcoin will cease to be created, hoarded, and become the digital currency of the affluent. 

Step 3) Places to buy dogecoin places where you can spend Dogecoin?
Refer to dogecoin posts by the moderators
4) Cryptocurrencies vs stocks. The main differences between them. When comparing crypto to stocks, the main thing to keep in mind is that cryptocurrencies have few if any regulations applied to them. It is still the "wild west" of trading. You can be scammed, skimmed, pumped-dumped, as so forth, much more often and more easily than with stocks. Terminology is similar to exact between the two, but both require a certain mindset. Crypto is almost always a long-haul game, where stocks can be short play or long haul.
5) Dogecoin vs Bitcoin - their competitive advantages and disadvantages. Many cryptocurrencies have a higher degree of scarcity in comparison with FIAT (e.g. the US Dollar). For example Bitcoin / BTC has a strictly limited supply. And even though Dogecoin is not strictly limited, it is still a lot more scare in terms of supply than the US dollar. This simply means that if more people want to hold BTC or Doge versus the limited supply of the respective coin, the value of the cryptocurrency increases.
6) Is Dogecoin a meme or should it be taken seriously? We have all witnessed the power of a meme, the depths it can reach in society, especially in recent years. We have seen it many times before with video games, consoles, Oreos, or as of late even toilet paper... A meme has inherent value in the form of “widespread information”. A meme can spread an idea across diverse communities, and even entire countries literally overnight. This can bring about lasting effects on culture and society. If correctly taken advantage of, Doge can become the dominant meme currency of the internet, and amass real-world value just by being a popular, recognisable meme itself. This is where the saying “Dogecoin is the people’s coin” comes from.
7) Mining Dogecoin and the history of Dogecoin). How a new currency entered the market.
mining is the process of creating new cryptocurrency by solving a computational puzzle. mining is necessary to maintain the ledger of transactions upon which cryptocurrency is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Approximately 600,000 dogecoins are produced per hour and 5,256,000,000 per year,
8) Circulation of currencies. The importance of buying, selling, and holding - and the differences between them. To briefly explain this, a lot of people have been saying “buy and hold” or “I’m never selling!” - which in itself is great start. But there remains a lot of misinformation around the topic, for example that simply "buying and holding Doge" will drive up the price indefinitely. Unfortunately, that is just not true. Buying, holding, and selling are all intricately connected with each other. ALL of those three states are essential for a (digital) currency to flourish. Holding does neither hurt or raise the value of the asset, but rather it helps to establish a baseline, which is also called "setting a floor". Those who have diligently kept on holding their coins, have allowed Dogecoin to stabilize at roughly 0.03 USD cents for the past few days. Remember, this remains a huge gain from where Dogecoin has been just weeks ago. The reason the price is not changing much from this baseline right now is because few are buying and few are selling their Dogecoin, specifically due to topics which will be covered in other sections here. However, an active circulation of a currency is critical to establishing it as an effective means of exchanging goods and setting it up for long term growth. The best way to increase the overall value of the currency in the long run is by eventually by exchanging your coins for goods, services, or just by tipping and trading with other Dogecoin holders. The value of any means of exchange is fundamentally driven by supply and demand. If two parties agree that X amount of asset A is roughly worth the same as Y amount of asset B, you effectively have established a market.
9) Establishing a floor or a baseline. Due to other current issues, such as "RH" and other platforms artificially delaying FIAT-to-Crypto exchanges, these trends may appear strange at first sight, but those who continue holding onto their Doge are affecting or rather creating the floor. The floor is essentially the lowest value Dogecoin will drop to at current market conditions. The floor is currently 0.03 USD cents. Which is up from 0.008 USD cents just a few months ago.
10) Inflation and deflation Infinite supply / no cap vs cap in regarding to cryptocurrency

 Inflation and deflation are common economic terms used to explain the change in the inherent value of a currency. This means that that 1 US Dollar today does not have the same value or “worth” as it did, for example, in 1950. Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Deflation on the other hand occurs when the inflation rate falls below 0%, that is a negative inflation rate. While inflation reduces the value of a currency over time, a sudden deflation of a currency increases its relative value. This would allow more goods and services to be bought than before with the same amount of currency. Deflation can be a factor in leading to a recession and also result in a deflationary spiral. 

10a) What does all this mean with regards to cryptocurrency, specifically Bitcoin versus Dogecoin?

 Well - Bitcoin is stagnant or deflationary over time, while Dogecoin is inflationary overtime. This is due to the way they are architected and mined, and how new coins are added into their respective markets - covered in other section. What gets misunderstood is which one is “better” or rather "the lesser evil". Since Dogecoin has an “infinite supply”, how can it maintain value? 

10b) You may have read things like: "You're stupid if you buy Dogecoin. It has no value. It has unlimited supply. It's just a stupid meme." Let's look at the US dollar (or essentially any major FIAT currency of your choice). FIAT currency is created out of thin air. It is backed by large sums of debt, and in the normal course of the economy it is inflating endlessly. But FIAT currency does have value. It's a value assigned to it by governments and people, a commonly accepted means for exchange. Again, FIAT does not have a limited supply. In fact, the supply of the US dollar is a lot more inflationary than Doge would ever be. Please think about that for a moment and make up your own mind.
10c) Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem, practically speaking? The growth is there to keep transaction fees to a minimum and allow a small, but healthy inflationary tendency, rather than the opposite.
10d) Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter.

 If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD, when it hits a new record high every few months or years, its supply will have to grow inevitably. We have to see the bigger picture! Dogecoin may well climb to one US dollar, but why stop and sell there? Instead, we could build a new, fair, balanced monetary ecosystem based on Dogecoin, not to make a quick profit, but to change the whole world. Our current money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. Dogecoin is different. Dogecoin has a set amount of coins entering the market by the minute. There are plenty of spreadsheets out there showcasing exactly how much many Dogecoin will be in circulation at any given moment of time. People get confused because they think inflation is a bad thing, when in fact it is actually beneficial in small quantities and beneficial to the longevity of a currency. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably. 

11) Financial aspects of Dogecoin. Who will profit from it? What will happen if Dogecoin has exponential growth? A zero-sum game. Explaining that you only realize a loss or profit at then time of sell.

 To clear things up - cryptocurrency is essentially what economist call a Zero Sum Game. A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. What this means is that across a group of people who engage in selling and buying Dogecoin, if one person gains another person loses. For example if you bought at 0.08 and sold at 0.03 someone made a profit of 0.05 cents per Dogecoin while you lost 0.05 cents per Dogecoin. The important thing to understand is that in these situations the only way you truly lose or gain anything is when you sell. You don’t realize your gains or losses until you complete that transaction. What this means is that if Dogecoin does increase exponentially the people who have been holding since the price has been low will gain astronomical returns on their investment, while others who joined late will not. 

12) Stability vs Volatility This describes basically how stable something is over a set period of time. Volatility is how much prices change over time. Stabilization of Dogecoin is important for the overall health, however, cryptocurrencies are known to and will likely remain very volatile for the foreseeable future.
13) Pump and dump vs long term growth. "Pump and dump" is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Pump and dumps are consider illegal. While a subset of people are trying to pump and dump Dogecoin the legitimate community is focused its long term growth and stability which is achieved through the rest of the topics addressed here
14) Difference between cold storage, internet wallets and Robinhood
Coldstorage - in the cryptocurrency world cold storage refers to physical objects/devices that contain your cryptocurrency.
Wallets are an electronic program of service that stores your cryptocurrency
Robhinhood- as of right now robinhood does not actually give you cryptocurrency when purchased through them. From Robhinhood’s cryptocurrency page: “We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.” Robhinhood will be addressed in another section.
15) Elon Musk - Is he important for Dogecoin? The impact of celebrities and big business supporting Dogecoin Big business allowing Dogecoin to be supported as means of exchanging goods, and people like Elon musk supporting and backing this cryptocurrency are important to proving its value and legitimacy.
16) Is getting Dogecoin to increase to the equivalent of one US dollar possible? Can and will it really happen? What will change if it does happen? Yes, despite not having a fixed or capped supply, the value of the currency can rise based on its relative value against other currencies in the market. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. This will also help to grow the developer community around Dogecoin. In summary, Dogecoin has a way to go and can be improved from its current state, but the potential for greatness is there already today. NEEDS MORE INFORMATION
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18) Is Dogecoin a product of the Wallstreet Bets movement? What differentiates dogecoin from GME/AMC? Just like some other investment opportunities (Nokia, Blackberry), DOGE was brought into the spotlight amidst the whole GME situation during the previous week. Unlike those stock, however, Doge is not another short squeeze, it is not a stock. It is a cryptocurrency / asset that many people think has potential, despite its Meme origins. Many who feel that they were late for embarking on the GME hype or the Bitcoin train in 2013 respectively, are now looking towards Doge, one of the early alternatives to the original cryptocurrency, Bitcoin. Doge got a lot of interest recently, for example with the Elon Musk tweeting the same week.
19) The situation with Robinhood - Changes in terms and conditions. Disclaimer, it is important to read through Robhinhoods entire terms and conditions to fully under what happened. The information below is just a summary and is not Robhinhoods terms and conditions but an explanation of what happened and why it happened Robhinhood has received high profile backlash in the media recently for their involvement with GME/Wallstreetbets. A lot of the cryptocurrency and Dogecoin community were outraged when they found out that about one week ago Robhinhood stopped allowed instant transfers for their cryptocurrency. Unfortunately, while we may not agree with what happened there they do have a reason for this. Over the past week the sheer amount of people trying to buy cryptocurrency skyrocketed at one instant. When robinhood allowed for instant transfers what they were really doing is essentially “loaning” you money to make trades or purchase cryptocurrency before the funds actually hit Robhinhoods business account. This caused a huge liquidity issue and Robhinhood could not meet the demand. That is why you had to wait 5 business days for your funds to be approved. This is standard practice across multiple brokerage firms before Robhinhood pioneered the instant transfer option. Whether we like it or not, Robhinhood is a power house in their industry and not going away. Robhinhood is one of the most mainstream ways to purchase and sell cryptocurrency and if everyone pulled their money out of Robhinhood the entire cryptocurrency market would collapse which I believe we can all agree no one wants to happen.
20) Feb 4th - Feb 8th Well unfortunately we wanted to get this post out before Robhinhood’s clearance of funds. Went through, but now that they did, you can see what happened. The price immediately skyrocketed. This happened due to the topics we covered above. Now what’s going to happen is the people who are pumping and dumping know that this is coming and will be immediately prepared to sell. This will cause huge volatility with dramatic swings up and down. Nobody knows exactly what’s going to happen this week, but we do know it’s going to be crazy. That is where the diamonds holders come into play. We need to set a new floor after this swing to show the rest of the world that dogecoin is legitimate and can weather extreme volatility.
Thank you for reading this post in its entirety. It took a large amount of collective effort of people in my discord. I appreciate them to no end. We have over 100 people in that discord and we are here to stay. We are interested in explaining Dogecoin, reducing the scare factor and backing up Dogecoin through economic, social, financial, mathematical theory, etc. Per Dogecoin rules I cannot give out this discord, but if you are interested message me. It goes into greater detail on every one of these topics, with resources, links, articles etc. thank you and above all else remember that at the end of the day this is a meme cryptocurrency from 2013. But the people have spoken, and this is now official the people’s currency as well. Dogecoin🚀🪐🚀

The Dude: It's like what Lenin said…you look for the person who will benefit, and, uh, uh...
Donny: I am the walrus.
The Dude: You know what I'm trying to say...
Donny: I am the walrus.
Walter Sobchak: Shut the fuck up, Donny! V.I. Lenin! Vladimir Illanich Uleninov!
Donny:What the fuck is he talking about, Dude?
Hello again, GME Gang. What a fun day we had yesterday! Could it continue today? Only Melvin Capital (and maybe Ryan Cohen) knows!
And an extra special hello today to our newest WSB lookie-loo, Mr. Cramer (Can I call you Jim? I’m gonna call you Jim).
Now Jim, from what I’ve been able to gather, you and your Boomer stocks and your Hot Manic Takes don’t always get a lot of love around here. But that’s not all your fault, Jim. The Paste-Eating Rocket Kids are often good for a solid meme (FYI: it’s pronounced “Mee-Mee.” Feel free to use that on air without verifying). But the Rocket Kids can be a dense bunch and they’re also often one click away from Total Financial Ruin (Quick shout out to SPCE: Pleas fly again). So you have to dig a bit in here to separate the wheat from the chaff, as someone like you actually says in real life. What the fuck even is chaff, Jim? And why do all Boomers seem to think that folksy farm-based idioms are the perfect way to conclude a thought?
Anyway. Those of us who watched your teevee clips last week where you reference your interest in WSB know that you, Jim Cramer, might be one of the Olds, but that you also Think Young(TM). https://www.thestreet.com/jim-cramestock-market-advice-moderna-boeing-fed-ftc-dec-15. So we’re going to do our best to help your young-thinkin’ brain find the Needle In the Haystack here so you can get All Your Ducks In a Row on GME. Because we know that you’re a long way from being Put Out to Pasture, and though you may be an out-of-touch millionaire prone to facile yammering, we now like you here, Jim—simply because you mentioned us and that made us blush a bit since we’re needy Millennials who just want our Boomer mommies and daddies to Tell Us They’re Proud of Us. So even though the Paste-Eating Rocket Kids here are often Buying A Pig in a Poke (Christ, please do not ever say that or the kids’ Mee-Mees are gonna fuck you up), we appreciate you recognizing that, every now and then, there’s something worth paying attention to over in this weird little pocket of the Interwebs. And since you’re actually telling your loyal single-finger-typin’ viewers to check out this WSB shitshow, and “if they’re running GME, then do some work on GME,” we assume you might actually be checking this shit out too, since all true Young Thinkers know that What’s Good for the Goose is Good for the Gander.
Now, is the GME play as solid as your recent recommendation to buy Bed Bath and Beyond? Who knows? That seems pretty stupid, and I would look it up myself this weekend but my nice little Saturday is already pretty full so I don’t know—I don’t know if I’ll have enough time. But I’ll tell you one thing: the GME play is a lot more fucking fun. Life in a pandemic is boring, but here in this weird WSB place, these kids like fun. And for all your Boomer weirdness, you seem like you still like to have a little fun in this Mad, Mad world of ours. So consider joining us here more often. A word of warning, though: if you don’t like all the dern cuss words we use around here, Jim, well that’s just, like, your opinion man, and we’ll have you know that the Supreme Court has roundly rejected Prior Restraint.
First thing’s first: we have a bit of a bone to pick with you (now there I go). The stuff you said last week about GME as the next Blockbuster was D-U-M dumb, Jim. You were a bit out of your fucking element with that. You even made our largest shareholder and conqueror-in-waiting, Mr. Ryan Cohen, send an emoji-only tweet in response, which if you know the super nice-guy Ryan Cohen like all of us do (we actually know nothing), that is pretty much the equivalent of him bringing his dog over to micturate on your and George Sherman’s rug.
Now, I myself have never been into the whole brevity thing, but I wanted to take this opportunity to get you up to speed on the GME movie you’ve wandered into. And I know you’re down with this because you told all your viewers that if WSB is talking about GME, then “make sure you know GME.” So before you say something Absolutely Mad again and Cohen sends a tweet with an even less ambiguous emoji, it’s high time that you start Making the Sure here, Jim. Just consider this to be CPT Hubbard delivering you some Orange Sunshine and turning you on to some of that Sweet, Delicious Non-Chaff Wheat you love so goddamn much.
Part 1: GME’s Bonkers-Ass Short Interest
Now, I’m going to lead with the most crowd-pleasing part of the story here (Get ready, Rocket Kids!), and it’s the one that you did not even seem remotely familiar with in your “Stay out of GameStop, Deadbeat!” rant last week. Maybe that was by design or maybe not. We’ll return to that, Jim. But the point here is: the short interest here is batshit insane. And not just your garden variety Boomer in Rolled Up Sleeves Ranting About Buying Estee Lauder While Hitting Buttons On The Beep-Bop-Boop Machine kind of insanity. Really and truly fucking nuts.
So to TL/DR this shit for you, Jim (to use the parlance of our times): GME is the most shorted stock trading today—by far. https://financhill.com/most-heavily-shorted-stocks-today How shorted? Well, the value of shares short exceeds the market cap of the company; there are currently more shares short than the total number of shares outstanding. And when factoring in the institutional and insider ownership, the total short percentage of float is nearly 300%. https://www.gurufocus.com/term/FloatPercentageOfTSO/GME/Float-Percentage-Of-Total-Shares-Outstanding/GameStop-Corp Even higher, actually, now that Cohen’s interest is over 10%. Now, I’m not a numbers whiz like you, but that level of short interest and the small available float seems pretty fucked up to me. Like: “how is that even legal?” fucked up. And just for a frame of reference, the third most shorted security right now is your beloved Bed Bath and Beyond, with a short percentage of float at a nice and tidy 69%.
Are you starting to gather why some of us in this weird little pocket of the Interwebs are a little excited about GME? You see, as u/Jeffamazon and RodAlzmann u/Uberkikz11 and others have explained in these here corners and on the twitter machine with their top-notch DD, and as I will translate to you in lingo you can dig, the short sellers got way over their skiis on this one expecting a bankruptcy in Spring of 2020 that never came. And yet, amazingly, the short interest has only increased since then—there has effectively been no covering in the aggregate and, in fact, the short percentage has only gone up. And now, on the threshold of 2021, we all sit atop a massive powder keg wondering what is going to be the thing that finally lights this shit up. And at the end of this little missive, I’m going to tell you what I think that thing might be (Spoiler: It’s Ryan Cohen! Better start getting used to seeing his name, Jim, because this dude does not fuck around and he’s not going anywhere).
https://www.reddit.com/wallstreetbets/comments/k4csaa/the_real_greatest_short_burn_of_the_century_part/
https://twitter.com/RodAlzmann
https://thecollective.finance/2020/10/gamestop-gme-a-squeeze-to-44-from-14-can-be-justified-fundamentally-100-of-the-shares-are-short-watch-out/
Part 2: GameStop Isn’t Going Bankrupt and People Actually Want to Buy Shit There
So, you foul mouthed little prick, a bonkers-ass short interest is neat and all, but why is Jim Cramer wrong when Jim Cramer compares GME to Blockbuster you might be asking yourself in the third person. First, the most obvious answer, Jim, which you should fucking know already: Blockbuster was nearly $1 Billion in debt and missing debt payments left and right when it was delisted way back in 2010. That was also when there was a bit of a credit crunch, if you recall, right after that whole Housing Crash Unpleasantness that you saw coming from a mile away and from which you made hundreds of millions of dollars due to your contrarian foresight—I’m sorry, I’m clearly confusing you with Christian Bale starring as Dr. Michael Burry, weirdo head of Scion Asset Management, which also holds about 1.4M shares of GME (You really gotta start looking into this stuff, Jim. This story is made for TV, man—and you Boomers were raised by TV and you turned out TV!). Also, in 2010 when Netflix is ripping and when Blockbuster was about to be delisted and bankrupt, an analyst noted the obvious fact that Blockbuster had “nothing on the horizon that makes it look like Blockbuster is going to be more profitable.”
https://www.reuters.com/article/us-blockbusteblockbuster-wins-debt-reprieve-forced-to-delist-idUSTRE66052720100702
But Jim, if your Blockbuster comparison has any plausibility, GameStop must have a major debt problem then, right? And yet just last month GameStop repaid $125M in debt several months ahead of time. It’s also really weird that over the past year management bought back a ton of shares, taking the OS from 102M down to just under 70M (making a short squeeze even more likely, my Rocket Children). The weirdness continues with a soon-to-be-bankrupt company holding almost $500M in cash on hand. And according to George Sherman’s “Thine Omnichannel Shalt Be The Omni-est Channel of Them All” Conference Call following Q3, by March 2021 GME will have retired a total of $500M in debt and returned $200M to shareholders through stock buy backs. I’m no expert here, and I do not presently own a Beep-Bop-Boop Machine, but that’s all pretty weird shit to be doing if you’re about to go bankrupt.
No, no – I get it: who the fuck actually looks at balance sheets anyway before spouting off about what a stock is going to do? I sure as hell don’t. That’s why I follow my man u/Uberkikz11, since that dude is a GME DD Encyclopedia and was born to crunch numbers. No, when Really Smart People make the Blockbuster comparison, it’s usually just Mouth Sounds for: A B&M Store That Used to Be Popular But Now Is Not Because Technology, QED. But here even the Really Smart People might be missing something as well. They’re right in the sense that GME must use this new console cycle window and cash influx to quickly pivot to a tech-first gaming company (more on that and our boy RC shortly!), but they’re wrong on the timing and relevance of this Super Smart Insight.
So fine, they’re doing ok on debt and cash. But who even goes to that 90s-Ass-Looking Cluttered Mall Geekery anymore anyways? I confess: in my darkest moments, as the short sellers manipulate the fuck out of this stock and I curse the names Bell and Sherman, I too have wondered this. But it turns out that, just like I have no idea why anyone listens to Maroon 5 or eats at Applebee’s, apparently a lot of people in America do shit that I do not. Crazy huh? So here is some pretty neat data showing us how out of touch we might be here, Jim:
First, when a pretty large sample size of people were recently asked the question: which of the following stores or websites do you plan to buy holiday gifts from? The #5 response from United States Americans was none other than GameStop (Ticker, Jim: GME). Only Walmart, Amazon, Target, and Dollar Store (poor people buy gifts too, Jim) were ahead of little old GameStop. That’s higher than Nike, Macy’s, the Apple Store—and double the response of Bed Bath and Fucking Beyond in every category they surveyed. Check it: (h/t to my man u/snowk88)
https://stocktwits.com/snowk88/message/260983915
That’s kinda crazy huh? See Jim, when you Think Young(TM), you really can learn something new every day. And by following our man u/snowk88 (@snowk88 over at stocktwits), I learn lots of cool shit. But guess who already knew that? The guy that wrote this bad-ass letter that identifies GME’s brand and customer data as being one of the most valuable things GME has going for it. https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf
So now we know that Real Life People actually buy shit at GameStop here in the year of our lord 2020. But like that analyst from 2010 said about Blockbuster, there must not be anything on the horizon for GameStop to be more profitable in 2021, right?
Now, I will admit that being a bit bearish on GME in December of 2020 would make more sense if, say, GameStop were the nation’s largest purveyor of limp and half-lit pumpkin spice-scented candles and we were exiting the apogee of Shitty Candle Season. But as it turns out, GameStop is currently selling basically the most sought-after items that exist in the marketplace right now—where demand for the Xbox and Ps5 is far outpacing supply and is projected to continue well into 2021. https://www.gamesindustry.biz/articles/2020-11-17-microsoft-expects-xbox-series-x-s-shortages-until-q2-2021 I don’t really need to get into the details on that here, because it’s pretty goddamn obvious, but I think 2020 GameStop at the precipice of a new console cycle might be in a bit of a better position than, say, 2010 Blockbuster relying on the latest Adam Sandler release to lift its sagging rental numbers. But I don’t know. Millions of people don’t watch my show looking for Candid Analysis from me and my folksy man-of-the-people-lookin’ rolled-up sleeves.
Part 3: Ryan Cohen is the Sword of Damocles Hanging Over the Short Sellers’ Dumbass Heads
And now we’ve gotten to the best part. It’s my favorite part of all of this, Jim, and if you give this a little time, I think it will be yours too. You see, all that corporate bla bla bla about balance sheets and console cycles and early debt repayment and overleveraged short sellers and brand recognition is neat and all—and definitely worth a second look by itself. Maybe even a little Beep-Bop-Boop on the ol’ sound machine—I don’t know your methods. But the real thing that’s about to rip all our faces off here is the business and investment decisions of a mild-mannered wunderkind named Ryan Cohen.
Now you can revisit my prior epistle if you want to know a bit more about the involvement of Mr. Ryan Cohen in Le Affair GameStop. https://www.reddit.com/wallstreetbets/comments/kakxrm/gme_tribe_a_story_about_how_ryan_cohen_is_about/. My fly-by-night theory of his lawyer’s possible use of the consent solicitation could have probably marinated for another day, but the thrust of my argument there was that Cohen and his attorney have been laying the groundwork to come after GameStop for a while now. And that Cohen was likely emboldened by the humiliating, lame-ass CC performance by some dude with a mid-century comic-strip sounding name that we’ll all soon know only as: The Guy With the Punchable Face Who Used to Be CEO of GameStop.
But here is where things get really interesting. This is a story in the making, Jim, for fucks sake - take notes! This Monday, on December 21, Mr. Ryan Cohen filed a revised 13D showing that last week he started buying a shit-ton of shares—starting on Tuesday December 15th—which is the day after the stock price inexplicably plunged on Monday the 14th and the very same day you were yammering on the teevee about GME being Blockbuster! Instead of listening to you, however, Cohen started buying more GME shares (super-sleuth dark pool watchers u/rgrAi and u/snowk88 noticed in real-time that there was some very large accumulation taking place), which culminated in the big reveal that Cohen purchased a total of 2,501,000 additional shares last week—500,000 of which were purchased on Friday December 18, 2020 at the price of $16.02 a share. Ryan Cohen is still the single largest shareholder of GME with 9,001,000 shares in total, taking his ownership of GME above the 10% threshold from 9.98% to 12.9%. And so he apparently thinks that the floor for his investment is $16.02 per share. Is he still buying? We’ll know soon. But yesterday seemed like a little taste of what it might look like if a large buyer steps in to prevent short sellers from manipulating all of my nervous little Rocket Children here and their delicate little paper hands.
There was another thing we learned from this 13D filing: Ryan Cohen has apparently hired a new attorney and law firm. Instead of the great Christopher Davis of Kline Kaplan, now Ryan Cohen is represented by Ryan P. Nebel, a partner with Olshan Frome Wolosky, LLP. Now, if you’re familiar with my prior ramblings, you might wonder if I was a bit confused, and maybe even a little sad, at this sudden change from my man C. Davis. And you might be a little right. But then the wonder of the internet allowed me to learn a bit about these new lawyers. And holy shit, things are about to get fun.
Now, I liked what I knew about Chris Davis and he seems like a genuine bad ass activist attorney. But the folks at Olshan Frome and Wolosky, LLP are Next Level Players and really seem tailor-made for this exact situation. First off, Olshan is ranked as the top global lawfirm for Activist Attorneys. https://www.olshanlaw.com/assets/htmldocuments/Bloomberg%20Activism%20League%20Tables%20H12020.pdf (H/t @flummoxed at stocktwits). They seem to be the go-to law firm for major proxy battles initiated by activist investors. But possibly even more important is that Olshan is the same firm that represented Hestia and Permit in their successful proxy battle earlier this year to appoint two new directors to the GME Board. I’m not going into the fine details of that, because this is already a bit of a long-form Idiot’s New Yorker article, but GameStop just went through a proxy fight last year with Activist Investors Hestia Capital and Permit Capital, which resulted in two Board seats for our shareholder buds from Hestia and Permit. So, it’s reasonable to assume that the attorneys at Olshan might know their way around GameStop at this point and where the pressure points are here.
http://www.globallegalchronicle.com/hestia-capital-and-permit-capitals-two-new-directors-to-the-gamestop-board/
https://www.olshanlaw.com/resources-mentions-HestiaCapital-PermitCapital-GameStop-BoardofDirectors-ShareholderActivism.html
And if you follow u/snowk88 over at stocktwits (@snowk88)— you’d also find a wealth of DD on how Olshan rolls when entering these activist-investor-replaces-dumbass-boards-and-CEOs type disputes. To bottom line it: they get it fucking done.
https://stocktwits.com/snowk88/message/266158534
https://stocktwits.com/snowk88/message/266155112
https://stocktwits.com/snowk88/message/266153175
But what else did we learn from the 13D? We learned that Ryan Cohen is definitely not going anywhere any time soon. Specifically, the filing notes that RC Ventures intends to continue to engage in discussions with GameStop’s board “regarding means to drive stockholder value, including through changes to the composition of the board and other corporate governance enhancements." And while RC Ventures “desires to come to an amicable resolution with [GameStop, it] will not hesitate to take any actions that it believes are necessary to protect the best interests of all stockholders.”
I really like that last part, don’t you? And although I thought his November 16th letter was pretty goddamn clear, this 13D just ratcheted up the transparency level here. In sum, Ryan Cohen has all of our backs and he’s going to replace this Board and Sherman with people that are on the level and that will help implement his vision.
And now seems like a good time to return to those “Ryan Cohen: Boy Genius” articles that were definitely NOT part of a well-coordinated pre-hostile takeover media campaign initiated earlier this year. I think there might be a few things in those articles that Mr. Cohen wanted all of us shareholders (as well as the short sellers and the Board he’s about to replace) to really and truly understand. Recall also that Cohen is not one for diversification or for playing it safe. So here’s a few choice nuggets for you to ponder:
***
Bloomberg, June 2020: https://www.bloomberg.com/news/articles/2020-06-05/chewy-founder-cashes-out-bets-on-apple-wells-fargo
· "It's too hard to find, at least for me, what I consider great ideas," he says. "When I find things I have a lot of conviction in, I go all-in."
· Cohen uses the word “conviction” a lot. He says it’s something he learned from his father, who ran a glassware importing business in Montreal where Cohen grew up. “He taught me how to block the noise from the masses,” says Cohen. “To have a point of view and have conviction and not waver.”
· He wouldn’t, however, recommend his [non-diversified] investment approach to everyone. “You need to have the temperament to block the noise,” he says. “Sometimes it feels like a roller coaster.”
· He likens his obsessive focus on building Chewy to his approach to stock picking. "I don't want to swing for a single," he says.
***
You hear that, Jim? Our man Cohen likes idioms too! But fuck those farm idioms, Jim – we’re upgrading to the Sportsball kind now. So what’s the takeaway here? I’d say that Cohen has his Eye On The Ball and that it’s time for all short sellers and the Board to Throw in The Towel because Ryan Goddamn Cohen likes to Take the Bull By The Horns and will ensure that he Hits a Homerun for shareholders that believe in his vision.
Here’s a few more things Mr. Cohen wants all of us to know:
***
Forbes, August 2020: https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=41e1370e5840
· “For me, each no sounded like they just didn’t understand my vision. It was frustrating at times, but never discouraging. Those ‘no’s never made me doubt my strategy – it was the opposite. I was motivated by all the rejections and they just got me fired up.”
· “I understood that thinking big was likely going to be misunderstood along the way. I’m contrarian by nature, so being misunderstood often validates what I’m doing. It wasn’t until Chewy boxes were on doorsteps across the country that the bulk of investors started to recognize our formula.”
· “[M]y biggest risk would have been not taking risk. The risk of going head-to-head against Amazon. The risk of insourcing fulfillment. The risk of building a company in Florida rather than a popular tech hub. The risk of spending $3 million a month on TV ads, more than Home Depot HD -0.1%'s budget. The risk of hiring expensive executives even though we weren’t profitable. These decisions were some of the most controversial and required me being comfortable betting against conventional wisdom, and were often contrary to the advice of my board. Suffice it to say, I was not the most popular board member.”
· “Dad never swayed when he believed in something. I never compromised my vision, regardless how many investors turned me down I was not going to give up on building Chewy into the world’s biggest online pet retailer. I love to be challenged, and I’m flexible on details, but I’m never willing to give up.”
***
Goddamn it, Ryan. I was done having children but now you’ve forced me into getting back on that train just so I can name this future child Ryan Fucking Cohen. Thanks a lot, asshole.
But to return to my point: are those the statements of a man that seems likely to walk away at this point? Or is Cohen trying to tell us all to get ready because he is going All In on this shit?
So where does this leave us? After a huge week where Cohen buys 2.5M more shares and then the SP skyrockets to $20 yesterday on that news? Well, this is where I want to tip my cap to my man Justin Dopierala over at Seeking Alpha and allow him to conclude this section. He, along with his pal Dmitriy Kozin have been pretty clear-eyed on all this shit for a while now and they both deserve some credit. And I know I gave my main man Justin a bit of a hard time in my last novella, but the dude is sharp as hell and helped a lot of us see the forest through the trees here. And you should also definitely invite him to join your poker nights (seriously: check out the dude’s tweet in response to our own Rod Alzmann’s introduction of the #WeWantCohen hashtag right after the Q3 call debacle). https://twitter.com/DOMOCAPITAL/status/1336446055685230592. You have no comment on a potential takeover involving Ryan Cohen, Justin after your hour-long googly-eyed call together? Can’t believe you’re just preemptively leaving the WSJ and Bloomberg hanging like that. Justin, I love you dude, but if I’m holding pocket Kings I’m folding after that tweet because that twinkle in your eye lets me know you’re about to drop two Aces on my ass.
Anyway. Here is what our man Dopierala thinks might happen here soon (and he called this way back on November 17th- and sorry - no links here, per the mods, as apparently no Alpha must ever be Sought from these parts):
I think a very likely outcome at this point is a majority slate next shareholder meeting where Cohen takes over BOD and then makes himself CEO. A majority slate proxy battle would require all institutions to call in shares and would force a squeeze.
We’re intrigued, Justin. Please continue:
If Ryan Cohen successfully negotiates a purchase price with the Board then the shareholders will have to vote on it. Unlike the proxy battle where Hestia and Permit were running a minority slate of directors, an offer to purchase GameStop would force institutions like Vanguard and Blackrock to call in their shares. By doing so, the shorts would be forced to close out their positions and GameStop would finally have the greatest short squeeze of all-time. Ironically, Cohen could use this opportunity to sell all of his shares and use the proceeds to entirely fund the acquisition of GameStop going down as the first person in history to acquire a billion dollar company... for absolutely nothing. In fact, his acquisition price would be less than zero.
And now is when I get to speculate on what I think is going to happen here. But I do not necessarily think Cohen is going to put an offer to buy GME to take private. That would definitely trigger a MOASS, but I’m not sure I see it given the attorneys he’s hired and his recent buys up to $16 and the amount of cash that would take. Like Dopierala’s first comment, though, I think Cohen is going to nominate directors to replace nearly the entire Board of Directors with a vote happening at the annual meeting and once that Board is in place, they’ll appoint Cohen as CEO. And as Justin notes, if he nominates a majority slate of directors, shares will have to be called in to vote. And this vote and proxy battle will make the prior minority slate Hesita/Permit battle, and the tiny short squeeze that took place when that happened, look tame by comparison.
Now everyone: get your calendars out. Because the date to nominate directors here is in Mid-March, and my super-smart corporate lawyer buds inform me that it’s standard practice to file about 7-10 days prior. So, if this actually happening, we should be seeing something on this by early March.
But even though early March is now the mark on the wall, today’s insane price action caused me to think about all of this a bit harder and speculate a bit more. And a major h/t to my buds on the stocktwits board, especially u/rgrAi (@amarbar) for all the sharp analysis on this. But if you were Ryan Cohen and you knew this company was hugely undervalued and you had a high level of CONVICTION here and also knew you needed shareholder votes to sweep out these dumbasses and implement your vision—then how would you play this with the short interest here as crazy as it is? I’d keep buying. Why? Well, lots of reasons, you smart alecks.
First, so I have more guaranteed votes (duh?). Second, so that when the building starts burning and short hedge funds run for the exits they find that a mild-mannered Millennial with super-good ideas has sealed off all the doors and windows. That’s gruesomely delicious, isn’t it? Why else, CPT? Well, finally, and maybe most importantly, because I would want to excite and delight all my fellow shareholders by triggering a slow-burn short squeeze, raising the SP significantly, so that I can once again make the point (as he did in the Nov 16 letter) that the incompetent management that caused a HUGE drop in SP following that utterly incompetent Q3 call and the shelf registration, had nothing to do with the SP increase that again happened once Cohen announced his intent and started buying. Not the console cycle, not the cost containment measures, not the buybacks and not the early debt reduction. Nope: rightly or wrongly, shareholders will see Ryan Cohen buying shares and the corresponding SP increase and everyone—especially all new buyers who are delighted at their good fortune and swept up by Ryan Cohen Fever 2021—will start getting #WeWantCohen tattoos on their ass they’ll be so happy. And all of us, newly enriched by Ryan Cohen’s Big Canadian Balls and tactical brilliance, will crawl over glass to vote for him over The Boomer Artist Formally Known As GameStop’s CEO. I could be very wrong on this last point in particular, but if we start seeing 13Ds drop here shortly, things should get very fun very quickly.
Part 4: A Return to Our Short-Squeeze-to-Da-Moon Discussion: Who’s Side Are You Fucking On, Jim?
Now, Jim, given the fast friendship we’re creating here, and all we’ve been through over the past 5000 words, I hesitate in bringing this up. But we’ve all seen the video, Jim. You know the one I’m talking about. Yes, the one where you actually tell the truth about how short selling hedge funds manipulate the market to knock down the price of perfectly good securities that many hard-working people invest in—many normal-ass people all assuming they wont ever have to Point Where On The Dolly The Invisible Hand of the Economy Touched Them. But that’s not life now is it Jim? And fuck those poor-ass rubes for not knowing how to play the game with you sophisticated Masters of the Universe, amirite?
https://www.reddit.com/dashpay/comments/93evx4/jim_cramer_reveals_dirty_tricks_short_sellers_use/
https://dealbook.nytimes.com/2007/03/20/cramer-market-manipulato
So where are you in this whole GME/Cohen story, Jim? You candidly (gleefully?) acknowledge that a prime strategy that shorts deploy is to spread negative rumors that are then amplified by Big Smart Trustworthy Financial Media Titans like yourself to shake out unsophisticated retail players like my Rocket Kids here—who because of their tiny paper hands and you mean short selling brutes often subsist on paste and paste alone.
So for this particular security, are you the one helping with the manipulation and actively creating the “new truth” or are you just one of the Useful Idiots that these short sellers use to manipulate with an anodyne, TV media-ready comparison like: GameStop Is The Next Blockbuster? And how in the fuck does this fit into your Think Young(TM) project, Jim? Because if there is one thing that we over at WSB fucking hate, it’s a bunch of Manipulative Short Selling Boomer Fuckwads. Why on earth would a hip Young Thinker like you want to be included in that crew, Jim?
And I know we’re all friends here now, Jim, but I need to push back a bit on some of what you said in that video in such a cavalier whatareyagonnado manner. So if I understand you, short and distort and fomenting negative reactions from retail players based on deliberately false narratives is illegal, but still easy as fuck to do "because the SEC doesn't understand it." But you fucking do understand it, Jim! So why are you helping those short and distorters break the law here? Why are you being such an obtuse dumbshit? Just check out what happens to the borrow rate and short selling every time there is any good news for GME:
https://stocktwits.com/Slantedangles/message/264519950 (h/t @slantedangles). This manipulation isn't just happening with GME; it is happening everywhere. It’s baked into the cake. And that is pretty fucked up that we all just accept it because whatareyagonnado.
I think that one thing that those of us who truly do Think Young(TM) have a hard time understanding is at what point in your lives do you Boomers all finally come to realize that it’s maybe time to stop playing the game like you have been? What point do you finally have enough where doing the right thing matters more than getting paid? Maybe start by telling the truth more often—and maybe don’t go out of your way to help those corrupt-ass hedge fund managers who continually fuck over average people merely because they were stupid enough to believe you all. What contempt you Masters of the Universe have for all of them—for all of us. There is a bigger story here on GME and this out-of-control short interest (naked shorting, counterfeit shares) http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html than even Ryan Cohen and the inevitable short squeeze we’re about to witness here. And it begins and ends with people like you and Melvin Capital and Bank of America not giving a fuck about the rules while thinking you’re smarter than the rest of us who do—but who lack power to do anything about it. And you know what? Maybe you are smarter than us. You certainly know how to play this game pretty well, as that video shows. But if I know my old school 1980s movies like I think I do, this is usually the part of the story where the rag-tag kids from across the tracks come over to show you hubristic rich fuckheads what happens when you fuck a stranger in the ass.
Now I myself have never dabbled in pacifism, Jim, so this isn’t too much of a stretch for me, but seeing that video of yours and seeing the insane short interest and all the manipulation here makes me want to burn the whole corrupt system to the ground—while barricading the doors to trap in those arrogant-ass short sellers who lie and cheat and distort to profit off average people. And though I’m certain that this larger battle is not driving him, maybe that result is one that Ryan Cohen wouldn’t mind too. Though he’s a polite Canadian and would probably just let everyone know that he’s not really mad, just disappointed. But me? I’m an Angry American and I say: Block the fucking doors and windows and light that shit up.
So maybe this epistle will be useful for your Think Young(TM) project and cause you to reflect a bit more on what’s really going on out there with this whole GME thing and the likely illegal shorting that has driven the short percentage of float to these insane levels, drawing in new retail shorts too stupid to know what’s even happening. Or maybe it wont cause you to reflect in the slightest (count me as one of those cynical types that see your overtures to WSB as a transparent play for greater market share from the Young Crowd since your old-ass audience is dying and/or switching to bonds). But in a few months when all the Billy Ray Valentines and Louis Winthorpes assembled here are toasting each other in stupid shirts on a white-sand beach somewhere, we do not want you to look back on your knee-jerk boomer-ass dismissal of GME and your Useful Idiot blathering with that same tinge of regret and longing you feel when you look at a pre-Client 9 picture of you and your old roomie: warm-toes-and-hosiery-enthusiast E. Spitzer, Esq.
In conclusion: GME = Blockbuster comparisons are for Simps and Corrupt Short-and-Distorters. Don’t be like them, Jim. And to my Rocket Children: the only weapon we wield in this stupid game is Diamond Hands with a float like this. Toughen the fuck up.
And Happy Holidays everyone.
--CPT Hubbard
TL/DR: Jim Cramer likes farm-based idioms and apparently being a useful idiot to scummy short selling hedge funds. DD on the GME turnaround is solid and overleveraged short sellers should be shitting themselves. Ryan Cohen, our polite, hard-working Canadian benefactor is about to rip all our fucking faces off and trigger a MOASS. Probably even by early March, if that time is good for you (he’ll text before he comes). And fuck infinite regress: It’s rockets all the way down here. 🚀🚀🚀 Now: diamond hands, motherfuckers.
**This is a shitpost and is only to be used as investment and life advice for Mr. Jim Cramer, Esq.

This is a revised version of my previous article. I am going to try to update frequently as it appears people have more and more questions and misconceptions or misinformation is being spread quickly. This post is to educate not only the Dogecoin community but anyone who is interested in cryptocurrency/currency is general.
This information below is important. I ask that you please take the time to read this entire post before making judgment or commenting. My discord group of over 100 people have grouped together the majority of the most asked questioned and misunderstandings regarding Dogecoin, into the following 20 key points. Even if you know the answers to some of these please read the entire post. (Especially if you’re from the cryptocurrency community) Please read them below.

1. Question: What is Dogecoin?

Answer: Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021. [Wikipedia, 20210203]

1. Question: Why Dogecoin?

Answer: For the Lolz. Well, not quite. Initially as a purely meme-driven alternative to the likes of Bitcoin and Litecoin, Dogecoin in-fact boasts very low transaction fees and fast transaction times, very little network congestion, and most importantly, is designed to be used as a daily means of exchange, like your morning cup of coffee. Also, it is really fun, and who doesn't like the Dog ?!
1/2 - second perspective) Question: What Is Dogecoin? And why Dogecoin?
Answer: Back a few years ago, some crazy people banded together in support of a cryptocurrency known as Dogecoin. Similar to other cryptocurrencies, Dogecoin, the people's crypto, finds itself with the support of hundreds if not thousands of individuals pushing for this currency to succeed. But what is that? Unless you have been absent from every social bubble, you may have heard of Bitcoin. For the purpose of this explanation, you will find that Bitcoin is not exactly an easy thing to equate to Dogecoin, but lets think about the criteria of a Cryptocurrency.Bitcoin did not find its foothold overnight. In fact, it took several years. A lot of people fought tooth and nail for their belief in the coin. Crypto, in a nutshell, is a decentralized form of currency that finds its value in a combination of individual asset involvement, ease or difficulty in security of an exchange, creating a method of reliable, secure, trustworthy exchange, and other reasons.
Think of it like this: to exchange goods and services without currency, one must barter. I can barter a service (a haircut, for example) towards someone who needs a haircut, and in exchange they can barter a good or service to me.Currency then becomes an "IOU" (I Owe yoU) so that, if somebody needs me to cut their hair, they can give me an IOU for a good or service they control. When enough people begin adopting this, a centralized currency eventually takes hold. Crypto seeks to take this a step further and, insteal of relying on building up a centalization in terms of valuable metals or debt, it is built up solely on the exchange of goods and services. Dogecoin, compared to other cryptocurrencies, finds itself in a strange position where the origins did NOT see it soaring to the moon in any situation. Funny how things can change in time. Dogecoin has pros and cons to it. Comparing it to other cryptos, it does not face a supply cap like Bitcoin does. It is not a directly equated asset, such as how Bitcoin can be attributed as a digital gold asset. Mining dogecoin is also much simpler (comparitively) and does not face difficulty spikes, a source of Bitcoin slow-down. In essence, in 50 years, Dogecoin will still be around, still be mined, still be traded. Bitcoin will cease to be created, hoarded, and become the digital currency of the affluent.

1. Question: Places to buy dogecoin places where you can spend Dogecoin?

Answer: Refer to dogecoin posts by the moderators or a simple Google search for a list of businesses that accept doge as payment.

1. Question: Cryptocurrencies vs stocks. The main differences between them.

Answer: A stock is a type of investment that represents an ownership share in a company. Investors buy stocks that they think will go up in value over time. ... A stock is an investment. When you purchase a company's stock, you're purchasing a small piece of that company, called a share.
A cryptocurrency: When comparing crypto to stocks, the main thing to keep in mind is that cryptocurrencies have few if any regulations applied to them. It is still the "wild west" of trading. You can be scammed, skimmed, pumped-dumped, as so forth, much more often and more easily than with stocks. Terminology is similar to exact between the two, but both require a certain mindset. Crypto is almost always a long-haul game, where stocks can be short play or long haul.

1. Question: Dogecoin vs Bitcoin - their competitive advantages and disadvantages. Many cryptocurrencies have a higher degree of scarcity in comparison with FIAT (e.g. the US Dollar). For example Bitcoin / BTC has a strictly limited supply. And even though Dogecoin is not strictly limited, it is still a lot more scare in terms of supply than the US dollar. This simply means that if more people want to hold BTC or Doge versus the limited supply of the respective coin, the value of the cryptocurrency increases.
   
2. Question: Is Dogecoin a meme or should it be taken seriously?
   

Answer: We have all witnessed the power of a meme, the depths it can reach in society, especially in recent years. We have seen it many times before with video games, consoles, Oreos, or as of late even toilet paper... A meme has inherent value in the form of “widespread information”. A meme can spread an idea across diverse communities, and even entire countries literally overnight. This can bring about lasting effects on culture and society. If correctly taken advantage of, Doge can become the dominant meme currency of the internet, and amass real-world value just by being a popular, recognisable meme itself. This is where the saying “Dogecoin is the people’s coin” comes from.

1. Question m: Mining Dogecoin and the history of Dogecoin). How a new currency entered the market.

Answer: mining is the process of creating new cryptocurrency by solving a computational puzzle. mining is necessary to maintain the ledger of transactions upon which cryptocurrency is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Approximately 600,000 dogecoins are produced per hour and 5,256,000,000 per year,

1. Question: Circulation of currencies. The importance of buying, selling, and holding - and the differences between them.

Answer: To briefly explain this, a lot of people have been saying “buy and hold” or “I’m never selling!” - which in itself is great start. But there remains a lot of misinformation around the topic, for example that simply "buying and holding Doge" will drive up the price indefinitely. Unfortunately, that is just not true. Buying, holding, and selling are all intricately connected with each other. ALL of those three states are essential for a (digital) currency to flourish. Holding does neither hurt or raise the value of the asset, but rather it helps to establish a baseline, which is also called "setting a floor". Those who have diligently kept on holding their coins, have allowed Dogecoin to stabilize at roughly 0.03 USD cents for the past few days. Remember, this remains a huge gain from where Dogecoin has been just weeks ago. The reason the price is not changing much from this baseline right now is because few are buying and few are selling their Dogecoin, specifically due to topics which will be covered in other sections here. However, an active circulation of a currency is critical to establishing it as an effective means of exchanging goods and setting it up for long term growth. The best way to increase the overall value of the currency in the long run is by eventually by exchanging your coins for goods, services, or just by tipping and trading with other Dogecoin holders. The value of any means of exchange is fundamentally driven by supply and demand. If two parties agree that X amount of asset A is roughly worth the same as Y amount of asset B, you effectively have established a market.

1. Question: Establishing a floor or a baseline.

Answer: Due to other current issues, such as "RH" and other platforms artificially delaying FIAT-to-Crypto exchanges, these trends may appear strange at first sight, but those who continue holding onto their Doge are affecting or rather creating the floor. The floor is essentially the lowest value Dogecoin will drop to at current market conditions. The floor is currently around .06 USD cents. Which is up from 0.008 USD cents just a few months ago.

1. Question: Inflation and deflation Infinite supply / no cap vs cap in regarding to cryptocurrency

Answer: Inflation and deflation are common economic terms used to explain the change in the inherent value of a currency. This means that that 1 US Dollar today does not have the same value or “worth” as it did, for example, in 1950. Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Deflation on the other hand occurs when the inflation rate falls below 0%, that is a negative inflation rate. While inflation reduces the value of a currency over time, a sudden deflation of a currency increases its relative value. This would allow more goods and services to be bought than before with the same amount of currency. Deflation can be a factor in leading to a recession and also result in a deflationary spiral.
10a) What does all this mean with regards to cryptocurrency, specifically Bitcoin versus Dogecoin?

 Well - Bitcoin is stagnant or deflationary over time, while Dogecoin is inflationary overtime. This is due to the way they are architected and mined, and how new coins are added into their respective markets - covered in other section. What gets misunderstood is which one is “better” or rather "the lesser evil". Since Dogecoin has an “infinite supply”, how can it maintain value? 

10b) You may have read things like: "You're stupid if you buy Dogecoin. It has no value. It has unlimited supply. It's just a stupid meme." Let's look at the US dollar (or essentially any major FIAT currency of your choice). FIAT currency is created out of thin air. It is backed by large sums of debt, and in the normal course of the economy it is inflating endlessly. But FIAT currency does have value. It's a value assigned to it by governments and people, a commonly accepted means for exchange. Again, FIAT does not have a limited supply. In fact, the supply of the US dollar is a lot more inflationary than Doge would ever be. Please think about that for a moment and make up your own mind.
10c) Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem, practically speaking? The growth is there to keep transaction fees to a minimum and allow a small, but healthy inflationary tendency, rather than the opposite.
10d) Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter.

 If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD, when it hits a new record high every few months or years, its supply will have to grow inevitably. We have to see the bigger picture! Dogecoin may well climb to one US dollar, but why stop and sell there? Instead, we could build a new, fair, balanced monetary ecosystem based on Dogecoin, not to make a quick profit, but to change the whole world. Our current money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. Dogecoin is different. Dogecoin has a set amount of coins entering the market by the minute. There are plenty of spreadsheets out there showcasing exactly how much many Dogecoin will be in circulation at any given moment of time. People get confused because they think inflation is a bad thing, when in fact it is actually beneficial in small quantities and beneficial to the longevity of a currency. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably. 

1. Question: Financial aspects of Dogecoin. Who will profit from it? What will happen if Dogecoin has exponential growth? A zero- sum game. Explaining that you only realize a loss or profit at then time of sell.

Answer: To clear things up - cryptocurrency is essentially what economist call a Zero Sum Game. A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. What this means is that across a group of people who engage in selling and buying Dogecoin, if one person gains another person loses. For example if you bought at 0.08 and sold at 0.03 someone made a profit of 0.05 cents per Dogecoin while you lost 0.05 cents per Dogecoin. The important thing to understand is that in these situations the only way you truly lose or gain anything is when you sell. You don’t realize your gains or losses until you complete that transaction. What this means is that if Dogecoin does increase exponentially the people who have been holding since the price has been low will gain astronomical returns on their investment, while others who joined late will not.

1. Question: Stability vs Volatility

Answer: This describes basically how stable something is over a set period of time. Volatility is how much prices change over time. Stabilization of Dogecoin is important for the overall health, however, cryptocurrencies are known to and will likely remain very volatile for the foreseeable future.
13a) Pump and dump vs long term growth. "Pump and dump" is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Pump and dumps are consider illegal. While a subset of people are trying to pump and dump Dogecoin the legitimate community is focused its long term growth and stability which is achieved through the rest of the topics addressed here
13b - second perspective) Essentially many people are just coming onto DOGE because it has low barrier to entry, and enticed by the idea of coming in low, selling what they have and running with the profits short term. This has lead to pumps and dips, and a lot of misinformation being thrown around. I should clarify some points for those who are coming in, instead of repeating the HODL and diamond hands rhetoric. Planned pumps are not what Doge needs. Pumps of this nature usually have an attached implication, which is that people will plan on selling, capitalising on the hype and then buying low to wait for the next pump. This leads to money being taken out of the coin, resulting in the lower price we now see. This means that planned pumps are essentially feeding sellers. We are not doing this in secret. This is a public forum and people with the intention have the information needed to drain us dry if we let them. Essentially, if we want Doge to grow, planned pumps need to stop being openly advertised, or they need to die altogether. Of the two, the latter is the easiest, and it is what this post will be focusing on. Sustainable Growth is now the way. Pumps are fine when they're unpredicted - Elon Musk is living proof of that. However, planned pumps will result in our good boy coin shooting down to the dips, where sellers can reinvest and wait to harvest our money again at the next pump. If however, we grow the price slowly, the floor will increase in a much more stable fashion, resulting in smaller dips. This will mean that the insane dips where sellers truly farm their coin at become very inhospitable to them, as they'd need to put more and more money to receive less and less profit. Essentially, by slowly growing the coin with organic 'food' instead of steroids, we can slowly choke out those parasites who are ruining the growth of the coin by making every dip a horrible investment for their time and efforts. Sure, buy at the dips. Sure, hold the coin. But don't plan any more pumps. The less room you give to the sellers, the doubters and the paper hands, the more coin you can collect and the more profit that awaits you in the future. Conclusion If we come together as a community, Doge will truly live up to the hype - the people's currency. If we choose to continue listening to planned pumps, we have a very difficult, long and risky road ahead of us. Sustainable growth will beat large planned spikes any day.

1. Question: Difference between cold storage, internet wallets and Robinhood

Answer: Coldstorage - in the cryptocurrency world cold storage refers to physical objects/devices that contain your cryptocurrency.
Wallets are an electronic program of service that stores your cryptocurrency
Robhinhood- as of right now robinhood does not actually give you cryptocurrency when purchased through them. From Robhinhood’s cryptocurrency page: “We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.” Robhinhood will be addressed in another section.

1. Question: Elon Musk - Is he important for Dogecoin? The impact of celebrities and big business supporting Dogecoin Celebrity/Influencer Involvement

Answer: Elon Musk, Mark Cuban As many may know, Elon is highly involved when it comes to “meme culture.” we can see Elon has tweeted several times concerning “doge,” reposting memes found from Reddit, as well as concerning himself with the ripples of the recent stock news. Mark Cuban, another notable wealthy, down-to-earth, community-involved individual, has recently mentioned “#dogecoin” specifically. Regardless of whether these people have positive intentions towards $DOGE or not, their mention carries weight and public opinion and is a good assumption that new eyes are looking at us as a result. It should be noted that they have tweeted neutrally to positively towards $DOGE, not indicating a full-send support but they clearly are not talking down the possibilities.
Big business allowing Dogecoin to be supported as means of exchanging goods, and people like Elon musk supporting and backing this cryptocurrency are important to proving its value and legitimacy.

1. Question: Is getting Dogecoin to increase to the equivalent of one US dollar possible? Can and will it really happen? What will change if it does happen? How high can Dogecoin realistically rise in price. Market cap explanation and comparison to US currency and global FIAT currency.

Answer: Yes, despite not having a fixed or capped supply, the value of the currency can rise based on its relative value against other currencies in the market. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. This will also help to grow the developer community around Dogecoin.
Market cap = price x supply. Price is determined by supply and demand (buying snd selling of Dogecoin. Supply is determined by mining Dogecoin.
The current market cap of Dogecoin while writing this article is 9,000,000,000 (9 billion) if Dogecoin was to reach $1 it would have a market cap of 128 billion dollars. Bitcoin (the most successful cryptocurrency$ currently has a market cap of approximately 700,000,000 (700 billion dollars). This means that at $1 the total supply of Dogecoin would be “worth” about 1/7th of Bitcoins total supply. The estimated supply of the US dollar is 2,000,000,000 (2 trillion) since 1 dollar = 1 dollar (LOLZ) the market cap of the US currency is 2 trillion. If Dogecoin were to reach this market cap - the price can be calculated through dividing the market cap (2 trillion) by the supply (128 billion). This means that dogecoin would equal the entire US currency at $15.60. This is definitely not impossible but highly highly improbable to ever reach this value any time soon. As in like 3-10 years away minimum. Now the entire supply of the entire worlds fiat currency is 37 trillion dollars. You can apply the same logic from above and see that the value would be $288.6. This is the theoretical limit to how much Dogecoin can be worth due simply to the fact that if it was valued at anymore than that amount it would be “worth” more than the entire world’s currencies combined which is not possible without adding more supply.

1. Question: Is Dogecoin a product of the Wallstreet Bets movement? What differentiates dogecoin from GME/AMC?

Answer:!Just like some other investment opportunities (Nokia, Blackberry), DOGE was brought into the spotlight amidst the whole GME situation during the previous week. Unlike those stock, however, Doge is not another short squeeze, it is not a stock. It is a cryptocurrency / asset that many people think has potential, despite its Meme origins. Many who feel that they were late for embarking on the GME hype or the Bitcoin train in 2013 respectively, are now looking towards Doge, one of the early alternatives to the original cryptocurrency, Bitcoin. Doge got a lot of interest recently, for example with the Elon Musk tweeting the same week.

1. Question: The situation with Robinhood - Changes in terms and conditions. Disclaimer, it is important to read through Robhinhoods entire terms and conditions to fully under what happened. The information below is just a summary and is not Robhinhoods terms and conditions but an explanation of what happened and why it happened

Answer: Robhinhood has received high profile backlash in the media recently for their involvement with GME/Wallstreetbets. A lot of the cryptocurrency and Dogecoin community were outraged when they found out that about one week ago Robhinhood stopped allowed instant transfers for their cryptocurrency. Unfortunately, while we may not agree with what happened there they do have a reason for this. Over the past week the sheer amount of people trying to buy cryptocurrency skyrocketed at one instant. When robinhood allowed for instant transfers what they were really doing is essentially “loaning” you money to make trades or purchase cryptocurrency before the funds actually hit Robhinhoods business account. This caused a huge liquidity issue and Robhinhood could not meet the demand. That is why you had to wait 5 business days for your funds to be approved. This is standard practice across multiple brokerage firms before Robhinhood pioneered the instant transfer option. Whether we like it or not, Robhinhood is a power house in their industry and not going away. Robhinhood is one of the most mainstream ways to purchase and sell cryptocurrency and if everyone pulled their money out of Robhinhood the entire cryptocurrency market would collapse which I believe we can all agree no one wants to happen.

1. Question: if all of the above information is true why the cryptocurrency full of people who are trying to discredit Dogecoin as legitimate cryptocurrency.

Answer: The cryptocurrency is horribly misinformed. They may have a solid understand of the technology aspect of cryptocurrency but the reason why Dogecoin will be successful is based on economics, mathematics, social theory and statistics as WELL as the underlying technology. cryptocurrency is full of gatekeepers who horde their knowledge while the Dogecoin community is focused on explaining and educating new people. cryptocurrency is notorious for being extremely serious and feel threatened that something that started at as a joke/meme has the potential to be better at cryptocurrencies intended purpose - exchanging goods and services - than Bitcoin or any other popular cryptocurrency which is deflationary in nature.
Thank you for reading this post in its entirety. It took a large amount of collective effort of people in my discord. I appreciate them to no end. We have over 100 people in that discord and we are here to stay. We are interested in explaining Dogecoin, reducing the scare factor and backing up Dogecoin through economic, social, financial, mathematical theory, etc. Per Dogecoin rules I cannot give out this discord, but if you are interested message me. It goes into greater detail on every one of these topics, with resources, links, articles etc. thank you and above all else remember that at the end of the day this is a meme cryptocurrency from 2013. But the people have spoken, and this is now official the people’s currency as well. Dogecoin🚀🪐🚀

Firstly, just want to start off by saying a big thank you to everyone who submitted great questions, but most of all, the hugest thank you in the world to u/Darian_CoC (100% the best community manager ever) for sitting down and grinding through hundreds of your questions over about 3 hours.
Due to the sheer amount of questions, putting them all here exceeds reddit's character limit, so I have put the full compilation of questions in this document here. You'll probably find a few more of the fun, personal or quirky questions are in the document, with more Clash related stuff on this post.
A load of interesting stuff was discussed, including future updates and plans for Clash in the coming year, so lots of great stuff to have a read through! We have compiled all the questions and answers into this post here for your enjoyment, and we hope you come out of this post knowing a lot more than you did previously! So without further ado, here we go:
u/non-reddituser:

1. Is there plans to bring in a new recruitment system or is sc still trying to better it?
2. Any plans to reduce cost/upgrade time? For me at least 2-3 weeks for upgrades is getting slightly excessive and going further than that. I can’t imagine many players will be very excited to grind it out. Especially casual players.
3. Currently, Do you think the game is balanced ? I’ve heard quite a lot of complaints saying th13 is too easy.
4. Any plans to add family clans features ? Like a way to add other clans to chat, white list/ black list players etc.
5. Has a complete remake/ sequel to clash of clans ever been considered?
6. Is sc more focused on bringing more tasks, events and in general things to do during the game or are they more focused on bringing new content like troops ,spells ,defences etc?
7. Are you able to provide any details on what the priorities are/what is being worked on for 2021
8. How is the cost/ sell price of magic items determined?
9. Is there a reason as to why all the hammers cost 120 medals ,but the hero hammer is 165 and the opposite happens for books? All the books are 925 gems, but the hero book is set at 500 gems.

Answer:

1. Regarding the Recruitment Tool, I'll have to repeat something I said a while back .First, the tool isn't developed by the Clash team. I don't say that to try and wipe our hands of any obligation to it, but it genuinely is something the Clash team has little control over. However, with that said, regardless of who the tool is made by we have tried communicating with the community about its features, and even its shortcomings. But because of the nature of social media, online posts, etc. much of that gets lost hours after it's been posted. One of the things we've repeatedly stated is that the Recruitment Tool suffers not from a lack of functionality but from a lack of transparency. The Recruitment Tool actually does a lot of the things behind the scenes that players feel there is a lack of control over. And because they don't see how those work, it can feel like it doesn't work like they expect it to. I'm not saying it's perfect - far from it. We know it could use some improvement, but the biggest area it could be improved on is helping people understand exactly how it works so people are a bit more confident in the searches it pulls up, or at least understand why it gets those results.
2. As we add more content higher up (TH14, TH15, and beyond) we keep a very close watch on how long it takes for players to start from scratch and climb to max. We try to keep the ranges relatively similar so I would say it's a fair bet we'll adjust the upgrade times and costs in the future. In fact, that is a regular facet of the game that can be expected every so often. I can't say if it'll be once a year, or once every new TH level, but refactoring and rebalancing the costs and time are a regular part of that strategy.
3. The game will never be 100% perfectly balanced. It's just impossible. There are simply too many moving parts, too much randomness, and too many variables to consider. We try to balance the game the best we can, based on player data as well as feedback from the community. But adding more content will always shift the balance in one direction or another. Sometimes it may skew towards offense, and sometimes more towards defence. When we see the game shifting like that, we start looking at how we can balance the game to bring it back more towards the centre. With that said, we try to balance the game more towards being offense-friendly. Now, before you get out your pitchforks and protest we're making it too easy, what I mean by this is that we try to make the game as rewarding as possible while still keeping it challenging. If defence was always OP, then the win rates would plummet. If you're unable to win, this is incredibly frustrating as a player and would cause players to leave the game. That's not a good thing. Like any other asymmetrical multiplayer game, you almost always tend to win more often than you lose. We try to maintain a degree of balance slightly leaning towards offense.
4. A Clan Alliance/Family feature has been on our wish list for quite a few years. We simply haven't sat down to truly discuss what we want that feature to be. When we work on a new update, we have to prioritize what new features we're implementing and any additional content must thematically feel appropriate or can be fit in resource-wise (meaning time). Creating a Clan alliance feature should be more than just being able to cross chat and donate troops. That alone isn't worth reprogramming the multiplayer functionality of the game. An alliance system has to be meaningful in order to be something the players enjoy. But what that is, we still have yet to decide.
5. No. Why create a sequel when we can just keep adding new content to the current game without creating a brand new one? What would the goal of a sequel be? As long as Clash of Clans is live, creating a sequel would cannibalize players from one game to the other. That is not a viable way of game development. Additionally, let's say you've been playing Clash for 8 years now. Now let's say we release Clash of Clans 2. If all this game is is just a prettier version of Clash, you'll be less likely to invest the same amount of time as you did the first one. So you quit Clash 2 but the likelihood of you going back to Clash 1 will be reduced. Also, let's say not all of your friends are willing to play the new one. So now that your friends aren't playing, you're more likely to quit because of split loyalties between the games.The best thing we can do is keep improving Clash so you're not forced to choose between which ones you want to play,
6. I'd say it's all of the above, depending on the needs of the game. Content will always be the primary driver for Clash of Clans. It's where we see spikes in players returning, players being more active, etc. But in between content releases, it's good to give players more activities to do.
7. Lots and lots of new content for 2021. Lots. And it is badass.
8. I had an answer for this and I cannot for the life of me remember what it is. Unfortunately our Live Ops guy has left for the evening so I can't cross check with him. I'll try to ask him tomorrow and I'll post a reply here.
9. One big reason with the cost discrepancy is due to the resources you spend to upgrade those units. The cost to upgrade a Hero uses Dark Elixir which is a much more premium resource to farm/earn compared to Gold or Elixir. It's far easier to earn Gold and Elixir for upgrading Buildings/Troops. So the cost for the Book of Heroes is to help offset that. Whereas, because it's easier to earn Gold & Elixir, the other Books are more expensive. With the Hammers, the Hammer of Heroes is more expensive because you don't need to farm the DE for it.

u/ClashDotNinja:

• Are you able to share any details on ideas/concepts that were designed and/or tested within the team that were then scrapped?

Answer: The Elixir Monster was a troop concept we prototyped during the development of TH12. The Elixir Monster was a troop that gained strength and size as it destroyed things. Similar to the Lumberjack, it would drop a Rage Spell after it was killed. In the end, the mechanic was really cool but way too complex for the average player. Additionally, because the unit required to make the kill attack in order to earn it's level up, with so many other troops attacking it actually rarely made a kill so it didn't morph? Mutate? Evolve? as fast as we thought it would. So it's a troop we might save for a rainy day and tweak it a bit to see if we can get it to balance correctly.
u/Drin_CoC:

1. Is the maximum Experience level, which currently is level 500, gonna be increased any time soon?
2. If there'll be more than 100 buildings after TH14 update, how will % be calculated? What about bases that have the 6th builder compared to the bases that don't?

Answer:

1. We might address it in the future, but I wouldn't expect any changes to it in the next couple updates. Apart from vanity purposes it doesn't really do much else so it's not a major priority for us.
2. We won't hit the 100 building limit just yet so we still have some wiggle room left to go before we start needing to worry about it. But it is something we are worried about for when we finally do hit that limit. We haven't found a solution to how we want to address it, but it is something that comes up every time we start working on new content.

u/LordPeter212:

1. What is the status of World’s 2021? The entire competitive community has been eagerly waiting for news about this. We need time to plan and prepare, and if it’s not happening we deserve to know.
2. Are there any plans to include any in game e-sports tournaments other than ESL?

Answer:

1. We are still working on the Worlds stuff and we're inching closer to announcing the 2021 season. We've made a few changes so we're still putting the final polish on those details. But we will announce the 2021 Worlds when we're ready.
2. There are tons of community-run events around the globe. We simply can't add them all in-game.

u/LadyB_clash:

• Will we ever get a rewind button for replays? 😯 not sure if it’s possible but it would be a small but incredible QoL improvement for many. 😁

Answer: The challenge with this is that replays are not stored as videos. So you're not actually watching an actual "replay" of the match. The game stores your screen taps that you performed when you played your game. So when you watch a replay, you are actually watching a live version of the game where the AI is simply reproducing the same screen taps. Because the pathing algorithm and AI functions the exact same way, the system can recreate the same conclusion of the game every time.
So because you're watching the AI play the game using your screen taps, it can only go forward.
u/Soft-Decision5935:

• Hi Darian! I’ve started 3 mini accounts and I’ve made one big observation: the beginning is by far the worst, slowest section of the game. The rest of the game is fun and it’s a great grind, but those opening 3-or-so days would be very unappealing to newer players who don’t know much about the rest of the game yet. Even for me, I absolutely hate those first few days. While I understand CoC is a game meant for people to grind out, I think something needs to be done to attract newer players. Have you considered fixing this/ is there a reason you haven’t yet?

Answer: This is actually a topic of discussion we're looking at; how to make the lower TH's more engaging and less grindy to make the progression to higher levels more enticing. So we totally understand where you're coming from. It's something we hope we can address in an update this year.
u/OverSizedHamster:

• Hi Darian! Would you consider Clash of Clans a good representation of mobile gaming? Has its impact matched up to other notable titles on PC and console? Is it Smash Ultimate worthy?

Answer: Every so often, a game will become a cultural icon of the platform it's released on. For consoles that would be the Mario franchise. For MMORPG's, that would be World of Warcraft. For mobile, that's Clash of Clans. What I mean by cultural icon, is that it's a game that has lasted far longer than most others due to the sheer number of people that play it and the popular success it has had because of it.
Clash has been out for almost 9 years now. On any game platform that is almost unheard of apart from those other games that are cultural icons themselves.
I'm not sure what you mean by "good representation". But I will say this: The Clash community is possibly one of the best gaming communities. Period. It's one of the least toxic, most supportive, and fun communities I've ever had the privilege of working with.
u/301023459:

1. Would it be possible to have custom CC's for friendly challenges implemented into the game? To further explain what I mean, lets say I have my normal raid army set up with the cc troops I would usually take. However I want to practice new armies in friendly challenges but every time I do that, I have to dump old troops and request for new troops but those in my clan who have the troops I need for my friendly challenge army aren't always online. So a feature where I could customize my own cc troops for a friendly army is what I'm getting at.

Answer:

1. The Friendly Challenge is an interesting facet of the game that was introduced much later in the game's development history. So the functionality of it is wholly based on how the rest of the game functions with regards to troop donations, troop deployment, etc. Creating a unique set of functions for this feature is something the team sees as a priority at the moment. However, that priority could change when we start to look at what QoL changes we want to implement in future updates. Many of the changes implemented into the FC/FW features were based on QoL requests from the community so I wouldn't say it's a ruled out idea. Just not something on the production schedule at the moment.

u/purk8:

• When are we getting BH10. Lot of people who are more competitive on B-base, but aren’t playing much because it’s the same old thing every season. We’re all feeling kinda forgotten about ☹️

Answer: It's rather interesting that whenever we released new BH content, there was general disdain that we were allocating development resources to it. But now there is a lot of clamouring for when the next BH level will be. :-) We don't have any solid plans for BH10 yet, but we have discussed it on occasion. We're reluctant to simply just do a new level as we're still trying to decide where we want to take the Builder Base feature. We don't want to keep adding features that are already available to the Main Village; otherwise why not just keep developing the Main Village?
u/El3veN_:

• You said you had a meeting planned about the API, do we have any news regarding the API, your vision on it, whats your plans for it, etc?

Answer: I am not a programmer so I would hate to misrepresent something I know little about. You'll have to forgive my lack of correct vocabulary. There has been some API discussion recently to make certain data more accessible, though what those data are I can't say simply because I didn't understand how that process works. But I can say there has been some movement in the API discussion on the team.
u/Hellrazor:

1. Has an increase to the 30s scout time in legend league been considered along with viewable building radiuses? This was brought up partly last year in one of the TH hour videos where Eino admitted that as new TH levels were released the allotted 30s planning time becomes more & more restrictive the more there is to consider when planning an attack. IMO increasing the time to 45s / 1min in legend league would combat this whilst also separating it from lower leagues.
2. Are there any plans to restructure the Legend League system i.e rewards / ladder / ranks? The gems rewarded to the top 20 players in the top 3 clans is long outdated & legend trophies don’t have much use besides a visual standpoint. The day to day ladder system could also be taken further - something akin to a weekly system for example whereby your standings at the end of the week determine your placement for the next whilst still maintaining a monthly season would be less stale & more meaningful imo. Additionally ranks / badges could also be included within legend league to further develop the ranking system & possibly tie in to a rewards system somehow.
3. How does the Eagle Artilleries target prioritisation work? According to the wiki: The Eagle Artillery targets according to a "heat map" or "hitpoint map". In other words, it targets the area with the largest density of hitpoints. However this doesn’t seem to apply most noticeably during a queen charge / walk. 5 healers for example have a greater combined HP than a maxed queen yet 9/10 the eagle will target the queen so I suspect there’s more going on here. Whilst targeting the queen over your healers is far more favourable for the attacker it can be incredibly frustrating when the opposite occurs. As far as I can tell the logic currently appears to operate under RNG although I hope & suspect I’m wrong. Perhaps someone from the dev team could elaborate on this?

Answer:

1. While it had been discussed, at this time the team feels there's no need for it.
2. While the LL system could certainly use some new polishing and some shiny chrome, there hasn't been anything internally proposed that has made us say, "YES! That's what it needs!"
3. There is no RNG in how the AI targets units or paths towards a target. Every target is calculated based on the rules programmed into the algorithm. For the Eagle Artillery, yes population density does factor in. In your particular example, it could be that the Archer Queen had taken damage, where the collection of Healers now collectively had more HP resulting in a more desirable target before the AQ was fully healed again. I would need to see a specific replay of any instance before making a definitive call on what you're seeing.

u/non-reddituser:

1. In an interview with galadon around 11 months ago you said “ Part of it is as we see a lot of activity of a lot of players returning a lot of them are coming back to their old clans” In response to why sc hasn’t added a clan name change. Has this changed, Is there a still a high amount of players returning? If not is sc planning or at least considering adding it?
2. In the same interview with galadon he pitched you an separate section in the shop were you buy obstacles with legend league trophies. At the end of your answer you said” but, I think it’s an idea that does have some merit and all I can do is to present it to the team” did you present to the team and is there possibility we could see this any time soon?
3. As my final question I’d like to as you if you could explain the choice of sc censoring the whole clans chat when a kids account join?

Answer:

1. Clan name changes are still a ruled out idea for now, for the same reason. Additionally, changing your player name is one thing. That's personal to you. Changing a Clan name is something that affects the entire Clan. While sure, many Clans would be ok with the name change but what happens when members don't like the name that it's changed to? If that original Clan name had sentimental value, and someone changes it, that would feel really crappy for those who liked the original Clan name. So rather than try to come up with rules and edge cases for it, and introduce possibly more unnecessary complexity, it's simpler to prohibit for now.
2. Nothing has come out of that discussion apart from the idea being presented.
3. The rules for this only applies to new underage accounts created in the US. The reason for this is for compliance with new online regulations that are required for certain kinds of games. We have no control over those regulations.

u/thisisathrowawayCoC:

1. Does the barrel shaped building where you boost super troops have a name? If not, then what did the dev team call it?
2. Do you guys plan on adding more achievements?
3. Will there be more single player campaign levels as part of the next update or th14?
4. There has been an insane amount of rumours and ideas as to water based troops or gameplay. Is the dev team even considering something among those lines?

Answer:

1. It's called the Super Sauna. The image of the modern sauna is a Finnish invention, and since we're based out of Finland, it seemed like a nice cultural touch to the game.
2. Yes!
3. We really liked the Winter Challenge map and plan on doing more things like that in the future. However, we'd like players to remember that Clash is a multiplayer game and designed around that idea. Adding more single player content, while fun, minimizes that multiplayer aspect so it's not a primary focus of ours.
4. Water based troops? First time I've heard this rumour. Considering the map is based on land, a water troop would be a bit like...a fish out of water? In other words, I wouldn't listen to rumours.

u/HarrBathtub:

• What was the “big thing” that was meant to be released in the winter?

Answer: We have a super cool feature we're steadily working on. We're not ready to share what that is just yet, but we're hoping we can reveal and release it this year.
u/Quna_chan:

• Can we expect a goblin map maker where community can make goblin maps and clash team can check them and add it to the game.

Answer: This sounds like a good idea, but moderating all the entries that would come in would require it to be a full time job in itself. Checking to make sure the map isn't broken, or doesn't have inappropriate content, or doesn't cause any problems. It's not a matter of just pulling it up on the screen and say "ok there are no middle fingers hidden in the images so it's good to go." It would require playtesting, feedback, etc.
u/Pero_Plays:

1. Would you consider going to a 24-month instead of a proposed 18-month cycle of new TH levels to sync with World Championships better?
2. Could we get a double deployment bar on phones?

Answer:

1. 24 months of no new TH content is simply too long. We're really happy with the pace we've been releasing new TH levels. One of the things we have to look at when spacing out the content is how long before maxed players start to get bored and stop playing. New content is always the biggest driver of player activity, and the longer you draw out not having new content results in players becoming more likely to leave the game. The World Championship is an exciting and cool facet of Clash, but it's not the main one and only a very small number of players will ever compete in the Championships. That small percentage of players cannot dictate the pace of content progress.
2. We tried looking at this but the UI became so small that it was super inconvenient to use, even with a stylus.

u/feareddakota:

• Hey Darian, I’m not sure if this question was asked before but do you think it would pose a significant challenge for your team considering what a new a Town Hall would be due to the weaponization of Town Halls 12 and 13?

Answer: Coming up with new and unique content will always be the challenge as we create new features. It came up when we were working on TH13, and is in discussion as we work towards TH14. And it will likely come up again as we work on TH15 and beyond. Making sure something is cool and unique is always a fun challenge, but we shouldn't make something JUST because it's unique. It has to also be fun and exciting.
u/LowScrow_Tom:

1. Will we ever have a troop, or Super Troop, with the capability of switching from Ground to Air? (I think Ice Golem/ Ice Hound could've utilized this feature.)
2. Without the ability to add new buildings due to percent damages, could you have a "Gear Up" feature at TH14 which would combine all Builder Huts and /or Barracks to 1 main building, which must be upgraded FIRST before being able to purchase new TH14 Defences?. (Multiple problems solved)

Answer:

1. This is something that has been considered, like making a "Fallen Angel" Healer who is a ground troop but heals air units. This is just an idea and not something being worked on, before everyone starts saying it's confirmed. Changing a unit from air to ground or vice versa is actually pretty complicated because the pathing for ground units is different than air units as is the logic algorithm. So it's not just a matter of allowing it to swap places. But I wouldn't be surprised if we introduce a Super Troop that does do this.
2. We've contemplated the building fusion idea in the past and we're not convinced that is a good solution.

u/Alpii69:

• Hello Darian! Is there any Chance we can get second abilities for Heroes? You can either choose the first or the second for a attack? For example the Barbarian King gets stationary and is immune to all damage for 5 seconds. Queens shoots faster and her shots pierce through buildings for x amount of second. The Royal Champion deflects damage for x amount of seconds. Warden heals troops over time

Answer: We had considered this idea and while it's cool, it doesn't offer quite the flexibility and variability players are looking for in a feature like this. We would want a feature like this to feel like players are able to customize their experiences. A second ability doesn't really do that as players would just choose a favourite one, then set and forget. We think there is a better way to offer that kind of customization. Additionally, balancing new abilities would be super challenging compared to new troops or new spells.
u/Immabeloverof15june:

1. Any plans on player made maps as single player map?
2. Any plans on mega base type mode?
3. What are big features which aside from new troops, buildings, townhall levels?
4. What are your plans on bringing more social features to the game?

Answer:

1. Player made maps are never a good idea, though they sound neat on paper. We'd need some kind of moderation process to remove inappropriate submissions, and given there'd be thousands upon thousands of entries, it would require full time moderation.
2. We see this request a lot. Again, on paper it sounds really cool. But what would the overall goal be? What would the benefits be to the Clan? There are a ton of logistics you'd have to look at. Like who would be the caretaker of such a mega base? The leader? What if the leader left or stopped playing? Co-leaders? What if they disagree with how the mega base should be laid out? Would Elders and Members have access to editing the mega base?
3. We've got something pretty big planned this year (fingers crossed we can finish it in time). We'll announce it when it's ready. And it's a doozy.
4. It entirely depends on what social features players want (features that aren't Global Chat or similar function).

u/sportsguy3: Could you give us some examples of new charactetroops/heroes/ideas that were very close to making it into the game but eventually didn't make the cut?
Answer: When we work on new TH content, we try to prototype new troop ideas. When we were working on TH12, we had several troops we had tested out before we finally settled on the Yeti. One of the troop ideas was a Goblin Glider. It was basically Goblins that flew in on little gliders and dropped down to attack resource storages and collectors. If I remember correctly, the Goblin Glider eventually inspired the Builder Base Hog Glider unit since we liked the glider function. But the Goblin Glider felt a bit TOO spammy.
u/NikplaysgamesYT:

1. Do you guys have plans regarding banning accounts? I see so many times players are perma banned for “account sharing” or “account stealing” when nothing like that ever happened. Even someone in my clan was perma banned, and I see posts on Reddit all the time about this. Do you have plans to change the process of being banned or the criteria to avoid these situations?
2. What is your opinion regarding queen walks after indirectly nerfing them so hard? This year, you guys added headhunters and super minions, both of which destroy queen walks if your not careful. Did you guys think they were OP before this update, and do you think they’re still OP now?
3. Do you believe that the game has done a good job balancing progression? For townhall 10, IMO you guys did a perfect job, I finished my hero’s, walls, and defences at almost the same time (got screwed up since at that time there was the event where everything was half off. But for th11, I am currently almost max, just working on my last lab upgrades and walls, but I’ve been full on dark elixir for the past 3 months. Do you think progression overall is super balanced and any plans to change it?

Answer:

1. In the near-4 years I've been at Supercell, I've had hundreds of requests from players to investigate their account ban. Out of those hundreds, I can count on a single hand how many of them were incorrectly banned due to agent error. A single hand. Time and time again such threads rarely ever reveal any kind of loopholes or weaknesses in the support recovery process and more often than not highlight how players treat their account security by engaging in behaviour that violates our Terms of Service policies. Almost every single one of those players underestimate just how accurately we can investigate an account issue. Many of them start off with a friend who let another friend do their War attacks, but most of the banned accounts have shown very suspicious activity of account sharing, buying, etc.How do these accounts get phished? It's simply because most people don't realize just how manipulative scammers/phishers are. Also most people fail to realize exactly just how much identifiable information they put out for the public to be able to see.That's the thing about scammers/phishers. The good ones rarely make their intentions obvious until it's too late. There's a reason why scamming is a multi-billion dollar industry. Good scammers are charismatic, manipulative, and convincing. They are also relying on the fact you have no idea just how useful the information you gave them really is, especially when you think the information is banal or mundanely useless.The fact they leave you blaming a lax in security instead of blaming yourself shows A) just how manipulative they are and B) how willing you are to deflect blame in order to admit to falling for a scam.Admittedly, that second one is a tough pill to swallow. No one likes admitting they made a mistake, and that's especially so when you have to face severe consequences for those actions. But as I said before, we can tell the difference between someone's compromised account vs. someone who fell victim to a scam or gave/bought/sold their account. Usually if the account is compromised, Support is fairly quick at restoring access to those accounts. But because there's no reason to voice any complaints about it, you don't read about those thousands of success stories. What we do hear about on the forums are those examples where support was unable to restore the account because they can see suspicious or fraudulent activity on the account.
2. I still use Queen Walk at TH13 so you're asking the wrong person. I find the strategy still viable and very strong.
3. I do think we've done an overall good job of maintaining balance. It's not perfect, nor will it ever be perfect. This is especially true as we add more content in the future. There is no such thing as a perfectly balanced multiplayePVP game. All we can do is try to balance it to the best of our ability when we release a new troop or keep an eye on the data and balance it as we see the data coming in.

u/GroddTH12:

1. Do you intend to improve the time to update buildings and troop level TH11, TH12 and TH13?
2. Is there a possibility to create a new hero in a new update?

Answer:

1. Eventually, most likely.
2. We don't want to do a new Hero with each new TH level. The earliest we will likely add a new Hero would be TH15, but that's not a guarantee.

u/clashic94:

1. Clan War Leagues and Clan Games are monthly events that last a week. Are there any plans for introducing another monthly event that lasts a few days in between CWL and Clan Games? (Townhall Tournaments, etc.)
2. As the army camp size increases and the possibility for more troops in battle at any given time increases, will we be seeing troops with higher and higher housing space to avoid overcomplexity?
3. Will we be able to use two Siege Machines at the same time in the future? More than two Super Troops?

Answer:

1. Yes. Although what that is we're not ready to reveal yet.
2. It's unlikely we'll adjust the housing space for older troops like Barbs, however, how much housing space a troop takes up is actually an essential part of the design process as we design a new troop.
3. Two Siege Machines would be a bit weird since you only have a single Clan Castle. Being able to deploy two and divide up the CC troops between them would genuinely be way OP. As far as allowing more than 2 Super Troops at a time, I mean, we just started allowing 2 recently! We're keeping an eye on their usage to see if allowing 3 or more would be something positive for the game.

u/confipete:

1. Is it true that Supercell is going to remove builder base by June?
2. Why don't war donations account for donation count?
3. Why is builder base's attacking AI is different from Home village's?
4. Do you consider the ideas we post in this sub while adding new features to the game?

Answer:

1. Wait..what? Remove Builder Base? Where the heck do you guys find this stuff? We're not removing it.
2. Part of it is because you can remove and edit War donations, at least in the War Leagues. So it would be easy to abuse to edit/remove cc troops and keep redonating just to get your count up.
3. The AI isn't different, it uses the same logic engine as the main village. However, a big factor in what causes some issues is the Guard Post. The wandering units cause havoc with the pathing AI because the attacking units have to constantly recalculate their position and the targets it's tracking.
4. Absolutely.

u/EyalReddits:

1. Will we ever get a new gamemode like the builder base?
2. Why are super troops taking up so much space? This makes them almost unusable

Answer:

1. I'm sure there'll be new game features we'll introduce in the future. It won't be like Builder Base, but will be something completely new. In fact we're working on something that I think will be pretty enjoyable. No release dates yet, as it's a fairly complex system. But we're excited to announce it when it's ready.
2. The housing space for Super Troops is to balance out how much stronger they are than regular troops.

u/superman37891:

1. Can we donate super troops with gem donations, even if we don’t have them unlocked?
2. Can we have separate clans for home village and builder base (so I don’t get kicked out of my top clan for not having a good builder base)?
3. Add a clan search filter for CWL league (Champs 1, Champs 3, Master 2, etc.)
4. Can we cap the level of the CC troops donated to lower town halls / CC levels? (Ex: A level 9 loon donated to a TH3 caps at level 2)? I feel this will make it easier to balance lower THs and make it more fair for those who can’t get CCs

Answer:

1. No. Being able to donate them without spending the upgrade cost kinda defeats the purpose of spending the upgrade cost.
2. No. Programming the logistics behind this, having separate chat UI's, Clan logs, match logs, war logs, etc. would be an absolute data nightmare.
3. As a reflex response, my guess would be that it would lead to just those Clans at the top tiers being bombarded with invitation requests while lower clans would remain unfilled. And because they remain unfilled, it would make it harder for them to climb to those ranks, thus perpetuating a bit of a cycle.
4. No. The levels they are donated at is intentional.

u/Luke_theGreat:

• Hey Darian. Thanks for doing this. Right now, every month we have cwl in the first week and clan games towards the end. I personally feel like this is getting tedious. Are there any plans to mix this up more? Thanks. Luke

Answer: We planned out the calendar of events for a very specific reason and the timing is intentional. Having them set the same time allows players to more efficiently plan out how they upgrade and how they spend resources. Mixing up the schedule would make it more difficult for players to do so.
u/One-Decision-6110:

• Hello there, Darian, thanks for taking the time to answer my question if you do,one thing I'm recently annoyed about is botters, it seems like they are everywhere, is it possible if you could give me a percentage of how many players out of total players are botters?also, i use the same army, time and time again, I'm worried my account will get banned one day due to SuperCell suspecting me to bot, are there any other measures you take into account when banning botters?

Answer: We never publicly reveal numbers. With regards to bots, it's a constant game of cat and mouse. We improve our systems to detect them and they improve the botting software to avoid detection. So we then improve the system again to detect them and then they improve the botting software to avoid detection. You can see how this goes on. It's one of the reasons why we do mass bans of botters instead of just individual cases. If we banned players who bot on an individual basis, it allows the bot software creators to analyse what it was that allowed them to be detected and make changes even faster. So by banning in mass groups, it slows down their development a bit.
To answer your question about using the same attack, that's not how the detection system works so as long as you're not using a bot program we don't care how often you attack with the same army.
u/mystic_coc: Hi Darian, what do you think about a new game mode in clash. It can be solo or multi (like clan base or something). You could create multiples worlds with the clash universe like a goblin village etc were we can attack the king of goblin
Answer: I'm curious, but you don't really give any kind of idea what kind of feature you're suggesting. It's like saying "have you thought of a new multiplayer game?" Yes I have, but without knowing what kind of game you want, it's kind of an impossible question to answer.
If you've made it down here, well done! I hope everyone here has learnt something new, and after reading the sheer amount of answers I'm sure you can all thank Darian for the extraordinary effort he put in (he isn't being payed for this either, he's just that amazing).
If you don't see your question on the reddit post or the document it was most likely to avoid duplicates
Happy Clashing!