Decentralized Finance
Building a bright future for our kids has never been so much fun
By HogeFather, aka Jesse J Rogers
Imagine in 2011 that a working-class parent had spent just a single paycheck to buy 1000 Bitcoin @$1 each for their newborn child. The plan is to hold that wallet for them until they turn 18, and then give over the seed phrase.
In June 2021, we now know that the $1,000 investment would be worth only a measly $32 million because of the downturn. But by following through on the plan, perhaps such a gift might increase back up again up to its all time high at some point over the next 8 years.
In 2021, it might be too late to see those kind of gains with Bitcoin. Despite an impressive 20x gain from March of 2020 to March of 2021, Bitcoin trails Dogecoin’s profitability. As of this writing, even after having lost around 66% from its all time high (ATH), Doge is still up 11,173% in the past 12 months.
That’s the power of crypto combined with memes.
After that much of an increase, early investors take profits and there can be a long period of consolidation where the price trades sideways or falls, so don’t expect the trend to immediately continue for Doge. But then again it might soar to new heights. You never know.
One thing we do know is that it took 12 years of development for BTC to reach its massive ATH, and 7 years for Doge.
Crypto takes patience, and most people don’t have it. That’s a long time for investors to wait who are looking for a quick buck, especially since people often buy in just before a price dump.
But a 5–15 year maturity period is a perfect timeline for a set-it-and-forget-it investment to buy as a gift for a young person. That still leaves the question — which crypto(s) should you get for such a gift?
I knew about but didn’t take action on Bitcoin. I knew about but didn’t take action on Doge. I’ve learned my lesson. That isn’t going to happen again. When I smell an opportunity I now jump on it whether I can fully explain my instincts or not. I sense that the force is very strong with Hoge.
Hoge, which could very well become the decentralized finance (DeFi) Heir to Doge, is a revolutionary community-based approach to cryptocurrency. It has deflationary tokenomics which continually make the Hoge supply more scarce, and a meme-powered marketing strategy that drives volume and shows impressive and consistent social engagement. This is despite there being no marketing budget, relying purely on organic sources.
If you’ve spent some time hanging out with Hoge team, that won’t come as a surprise. It’s a great community — and I’m not just saying that because I feel cool for grabbing the @hogefather Twitter handle before anyone else could! This is something I’ve been saying from very early on.
My daughter Piper was born on May 28, 2021. Have a look at what the crew made for me. How can you not love this? They sure know how to make a guy feel wanted!
A generous donor from the community also sent Hoge to me out of gratitude for the work I’ve been doing, such as volunteering to help the developers to help to rewrite the whitepaper. All of that donated Hoge will belong to my daughter 18 years from now, when she gets the seed phrase to the account.
I’ve said many times before that I think DeFi will change the game forever.
But why am I so sure Hoge is going to be the face of DeFi? Because no one else has gotten so much organic traction in so short a time without any marketing budget. No one else has constructed the legal structure and partnerships that we have on a shoestring budget.
And now that we have a highly experienced media consultant that’s joined Hoge Nation, I’m even more certain of our prospects.
I’ve had the opportunity to speak with Hayden Matthews, the new Hoge Finance Head of Marketing which Crypto Camel mentions here.
Hayden wants me to be the Content Lead, pushing out targeted articles and videos for my audience in a way that predictively optimizes SEO and coordinates with the rest of the Hoge marketing plan. I was reluctant at first because I know the demands of fatherhood are going to be time consuming, but working with Hayden is just too exciting of a possibility for me to miss out on.
Besides, I think there’s nothing more important that I can be doing right now for Piper than to make sure that her investment 18 years from now pays off big and sets her up for the kind of life we could only dream of.
If you decide to become a Hogefather too and want to make a wallet for your kids that set them up for limitless possibilities in a similar way, then directions on how to get Hoge are on the website.
To keep up with my latest work as it comes out:
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Source: https://jessejrogers.medium.com/happy-fathers-day-from-hoge-finance-8ee354c5a0fa?source=rss——-8—————–cryptocurrency
