The DOOD token's launch wasn't just a blip. It's a blaring siren for crypto's real problem: wealth inequality. From a distance, you can watch the hype, the million-dollar market cap dreams, and then bam, the rug pull in slow motion. DOOD’s drop is not a surprising one-off. It’s the canary in the coal mine.

Crypto's Broken Promise Is Obvious

Remember when crypto was going to democratize finance. Give power to the people? Instead, we’ve mostly witnessed the poor getting poorer, with dangerous speculation on the latest pump and dump hurting everyday people while the high rollers get rich off of our data. The Doodles team can say they expected the volatility, that DOOD is "more than just a memecoin," but the reality is this: the initial price collapse disproportionately hurts the smaller investors, the ones who bought into the hype.

Austin Hurwitz, Doodles’ head of strategy, insists the price drop was expected, not a reaction to market conditions. Anticipated by whom? Even individuals who just lucked out and discovered a fun NFT project got no real education. They thought they were getting in on the ground floor of the next big thing.

This kind of crypto landscape today would continue to favor the strong, the insiders, and the whales. These players have the capital to withstand volatility and shape the market. It's not a level playing field. It is one giant casino—the house always wins.

Memes Won't Fix Systemic Problems

Doodles’ longterm vision includes creating a “decentralized storytelling movement” and having DOOD as part of collectibles, gaming and DeFi. Great. But who benefits? The single working mom with two jobs is probably not in that category. They likely threw a few dollars at DOOD, expecting underpants gnome type returns.

The Doodles team's acceptance of DOOD as a "memecoin," even as they claim it's more than that, is frankly insulting. It oversimplifies and dumbs down the vast potential that crypto has to solve actual economic issues. This is real money that real people are losing, not just a high-tech internet joke.

Let’s stop trying to build the next Shiba Inu. Instead, let’s think together about what we can do to use crypto in a real way to improve people’s lives.

UBI: Crypto's Real Killer App

Create a crypto ecosystem that rewards stability not speculation. This new approach has great potential to help build a basic economic safety net for us all. Here’s where Universal Basic Income (UBI) comes in.

  • Imagine: A system where stablecoins, backed by real-world assets, are distributed regularly to individuals, providing a guaranteed minimum income.
  • Imagine: A system where transaction fees on certain decentralized exchanges are used to fund a UBI pool.
  • Imagine: People having the financial freedom to actually participate in the crypto economy, not just gamble with their rent money.

This isn't some pie-in-the-sky fantasy. Projects including Proof of Humanity are already hard at work crafting methods by which blockchain tech can verify an individual’s identity and help the world efficiently distribute resources. We should be backing these kinds of initiatives, not the latest NFT scheme that claims to be the “next big thing.”

Here's the deal: The DOOD drop is a wake-up call. It exposes the underlying rot, research and development for a blockchain space that’s overly focused on speculation and memecoins. It’s escape time www.t4america.org www.movingkids.org for a fundamental shift www.t4america.org in priorities. And now, perhaps more than ever, it’s time to insist that crypto actually fulfill its potential to democratize finance and empower consumers.

Stop chasing fleeting memes. Start building a future where everyone benefits. Support crypto UBI. Frankly, it’s the only way to clean up this mess.

Let’s face it, are you satisfied with the state of crypto universe. Or is the nervousness related to what you see as the possible harmful outcomes they might lead to. Tell me, what are your thoughts?

Let's be real here, are you happy with the current situation of crypto world? Or are you feeling anxious about the potential negative consequences? Tell me, what are your thoughts?