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Dogecoin: No Whitepaper, No Supply Cap, and a Decade in the Top Ten
Dogecoin has no whitepaper, no company, and no cap on its supply — a decade-old test of whether Bitcoin's scarcity is what a market actually pays for.
Currency
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12 entries
Added Currency
Bitcoin Cash: no founder, an inherited cap, and two splits in three years
Bitcoin Cash inherited Bitcoin's ledger and 21 million cap at the 2017 fork, then split twice more under implementation teams with no single founder to arbitrate.
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Bitcoin SV: An Unbounded Block Size, One Company's Node, and Five 51% Attacks in 2021
No block-size limit, one company's reference client, and five 51%-attack reorgs in a single year — Bitcoin SV's design record, measured against the 'original protocol' it set out to restore.
Added Currency
Cardano: proof-of-stake, three-body governance, and eight months of centralized blocks
A 45 billion cap, Ouroboros proof-of-stake, and governance split across three organizations — Cardano's own design documents, read against the numbers that marked its launch.
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Litecoin: Four Parameters Scaled by Exactly Four, and a Founder Who Sold Every Coin He Held
Litecoin copied Bitcoin's code and rescaled four parameters by an identical factor of four, then its creator divested his entire holding, citing his own influence over the price.
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Tether (USDT): Born on Bitcoin's Blockchain, No Supply Cap, and a Freeze Switch
Launched on Bitcoin's blockchain as Realcoin in 2014, USDT mints and freezes at one company's discretion, and its reserve reporting has stayed at quarterly attestations, not audits.
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Polkadot: Nominated Proof-of-Stake, Parachains, and the Vote That Capped an Uncapped Supply
A relay chain coordinating parachains, nominated proof-of-stake, and the 2025 vote that capped a decade of roughly-10-percent issuance -- Polkadot's design, read against Bitcoin's fixed 21 million.
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Monero: No Premine, a Ledger It Keeps Hidden, and an Emission That Never Reaches Zero
Monero forked away from a currency whose founders had quietly mined 82 percent of its supply, then built a ledger that hides what Bitcoin's discloses and an emission with no final block.
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Ethereum: No Supply Cap, the EIP-1559 Burn, and the Merge to Proof-of-Stake
No supply cap, a fee burn that can push issuance negative, and a 2022 switch from mining to staking — Ethereum's own design documents, read against Bitcoin's fixed 21 million.
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USDC: The Fiat-Collateralized Model, the SVB De-Peg, and Circle's Sole Control
A fiat-collateralized design CENTRE named as a trade-off in its own whitepaper, a reserve that broke the dollar peg for two days in 2023, and a governing consortium later folded into one company.
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Solana: a clock built into consensus, and an issuance rate with no ceiling
A consensus mechanism built on its own clock, an issuance rate that keeps shrinking without a cap, and a supply that started with a premine to the foundation and its investors.
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XRP: no mining, a curated validator list, and 100 billion units at genesis
A hundred billion units generated in a single stroke in June 2012, a validator list two organizations curate, and a five-year SEC lawsuit over who was allowed to sell them.