“while some meme coins do not share all of the properties of the paradigmatic examples, other cryptocurrencies not generally considered meme coins bear some similarities to them.” (Stencel, p. 4)
“the concept of meme coinness” (Stencel, p. 4)
“One very specific feature of meme coins is that, as in the case of crowdfunding, they successfully attract the money and attention of the community. However, the important difference is that they start without plans for any specific utility to be delivered by the founders.” (Stencel, p. 5)
“meme coins generally start with a memorable idea, without any plans to offer investors a utility” (Stencel, p. 5)
“the principle of ‘community before utility’” (Stencel, p. 5)
“Notably, Dogecoin (DOGE) has had major support from one of the world’s richest men, Elon Musk. Starting in 2021, this support led to a big spike in interest in investing in Dogecoin (DOGE) and thus to the massive growth of the community.” (Stencel, p. 5)
“it became, as noted by Nani (2022), a bridge between the world of internet memes and the world of finance.” (Stencel, p. 6)
“One major direction in which Dogecoin (DOGE) was pushed by its community was based on the argument that it could function more effectively as a method of payment than Bitcoin (BTC).” (Stencel, p. 9)
“the community endeavoured to make it acceptable as payment in various places.” (Stencel, p. 9)
“Dogecoin (DOGE) supporters spent a long time discussing how to handle this issue” (Stencel, p. 10)
“new blockchain called Dogechain” (Stencel, p. 10)