{"id":44663,"date":"2021-06-21T10:31:03","date_gmt":"2021-06-21T07:31:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44663"},"modified":"2025-08-31T18:02:17","modified_gmt":"2025-08-31T15:02:17","slug":"minneapolis-fed-president-calls-dogecoin-a-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/minneapolis-fed-president-calls-dogecoin-a-ponzi-scheme\/","title":{"rendered":"Minneapolis Fed president calls Dogecoin a Ponzi scheme."},"content":{"rendered":"<p>Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, described the meme cryptocurrency Dogecoin as a Ponzi scheme in a comment on Coinbase chief legal officer Paul Grewal&#8217;s LinkedIn poll about the correct pronunciation of the DOGE token.<\/p>\n<p>More than half (57%) of the 1,000 respondents chose the established variant \u2014 Do-j [\u0434\u043e\u0434\u0436]. For the pronunciation Do-zh [\u0434\u043e\u0436] 22% voted. About the same (21%) are confident in both variants.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe correct pronunciation is pon-zi [\u043f\u043e\u043d-\u0446\u0438],\u201d Kashkari noted in the comments.<\/p>\n<\/blockquote>\n<p>As of writing, Dogecoin trades at around $0.26, according to CoinGecko. The meme cryptocurrency&#8217;s market capitalization is $33.7 billion.<\/p>\n<p>Earlier this May, <a href=\"https:\/\/u1f987.com\/en\/news\/billionaire-stanley-druckenmiller-criticises-dogecoin-and-compares-bitcoin-with-ethereum\">criticized Dogecoin<\/a> and compared interest in meme cryptocurrency to the hype around non-fungible tokens.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neel Kashkari, president of the Minneapolis Fed, called the meme cryptocurrency Dogecoin a Ponzi scheme in a comment on Coinbase chief legal officer Paul Grewal&#8217;s LinkedIn poll about the correct pronunciation of the DOGE token.<\/p>\n","protected":false},"author":1,"featured_media":44664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1163,27],"class_list":["post-44663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-ponzi-schemes","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44663"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44663\/revisions"}],"predecessor-version":[{"id":44665,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44663\/revisions\/44665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44664"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}