Dogecoin Team Debates an Article Which States That Bitcoin Is Not a Meme Coin

The official X account of Dogecoin has published a tweet debating an article which states that Bitcoin is not a meme coin.

The official Dogecoin account on Twitter has engaged in a lighthearted banter with the Bitcoin Policy Institute over an article that classifies Bitcoin as not being a meme coin.

This classification was made by an Assistant Professor of Philosophy at Northern Illinois University in an article that is part of a larger work on an academic book about Bitcoin.

The article catalogs different types of blockchains and their cryptos, including Layer 1, Layer 2 chains, XRP, DeFi, and memecoins. Bitcoin is listed separately in this article, with the author describing it as “the oldest, most secure, and most trustworthy, serving as a safe haven asset.”

The article also notes that Bitcoin has “no CEO, no board, and no foundation.”

This tweet follows one by Coinbase CEO Brian Armstrong, who stated that Bitcoin “is somewhat of a meme coin” in a tweet that also criticized meme coins for getting out of hand.

In the article, meme coins are defined as memes that are monetized, with the majority of them having “profit-seeking founders” and appearing “as tokens on Layer 1s like Solana or Layer 2s such as Base (the Coinbase Layer 2 built on Ethereum).”

The Dogecoin team on the X platform reacted to that X post, poking fun at the narrow definition of meme coins and alluding to the Bitcoin laser-eyes phenomenon of 2020.

This phenomenon saw Bitcoiners putting laser-eyes on their Twitter avatars as they anticipated BTC surging to $100,000 after the April halving. It did eventually surge, but only to $69,000 in late 2021.

The tweet reads: “not a memecoin"… listen.. lean-in guys, you have that whole laser-eyes thing going on.. search your feelings you know it be true.”

Dogecoin is the original meme cryptocurrency, having been created in 2013 on the Bitcoin codebase.

At the time of writing, Bitcoin is trading at $97,820, up about 1% since Thursday and 4.17% (from the $93,890 price level) since Tuesday this week.