Product Lead at the Dogecoin Foundation Timothy Stebbing announced a new tool in “the war against Dogecoin FUD” – Dogepedia.

Stebbing’s recommended action when encountering fear, uncertainty, and doubt is to refer the fudster to Dogepedia and inflict “9999 emotional damage” on the guilty party.

Hey #dogecoin, there’s a new weapon in the war against dogecoin FUD, we call it the Dogepedia!
https://t.co/Lf1ZJWdg46

How to use:
1. encounter FUD
2. link article from dogepedia
3. 9999 emotional damage pic.twitter.com/5eLdUjpbyL

— Timothy Stebbing (@tjstebbing) July 27, 2022

Dogecoin Foundation release Dogepedia

Dogepedia is a comprehensive directory of all things Dogecoin, including guides and FAQs. But, unlike Wikipedia, the content is not user-generated, nor can it be edited by anyone, which may be advantageous in keeping the content correct.

“Dogepedia is the resource containing Documentation, Guides, FAQs and Resources related to Dogecoin. The place to be for all shibes trying to learn about Dogecoin and crypto. Such knowledge! Much wow!”

The listed sections include Dogecoin basics, wallets, using your DOGE, community and ecosystem, running nodes, mining, development, how-tos, and FAQ and FUD. Each section contains several links to break the topic down further.

Interestingly, the FAQ and FUD section addressed multiple criticisms leveled at the meme coin, including it being a joke, a lack of utility, and having no hard cap. On Dogecoin being a joke, Dogepedia said:

“Despite Dogecoin’s genesis as a joke, though, more and more people are beginning to realise Dogecoin’s utilitarian value as a legitimate, efficient, and functional currency.”

How to get involved

Although the currently available content covers the most widely asked questions, Stebbing acknowledged that Dogepedia is a work-in-progress and requires input from the community.

He said community members can contact dev @inevitable360 and node operator @mishaboar to contribute to articles or chat about Dogecoin. While not the “perfect” system to build out a directory of content, Stebbing commented that it is the best way to garner community input at present.

“We know it’s not perfect (yet!) but we’re hoping this will be a resource the whole community can #BUIDL and use.“

Meanwhile, DOGE formed a local bottom at $0.0489 on June 18. This zone represents a strong level of support, having bounced at this level on two recent previous occasions.

Since then, a relatively sideways pattern has played out, with the $0.0788 price level proving tough resistance to crack. During this phase, the accompanying volume has been flat.

Wednesday saw 9% gains to close the day at $0.0674. Today sees a continuation of buying as DOGE looks to retest $0.07.

After days of criticism associated with Cardano’s new compliance decisions, Founder Charles Hoskinson finally shot back at FUDsters today via his latest video. In fact, in the said video, the exec went as far as explaining how the new policies would not affect the Cardano protocol.

Here, it’s worth pointing out that Hoskinson’s video came soon after Coin Bureau and Weiss Crypto took issue with Cardano’s partnership with Coinfirm – an AML analytics provider. According to the latter, for instance, the partnership is a “bad move all around” and “disappointing.”

1/ So. #Cardano curators decided to advance regulatory compliance of $ADA token, partnering with #Coinfirm, provider of (#AML)anti-money-laundering analytics.

Bad move all around, disappointing. Here’s why: (THREAD)

— Weiss Crypto (@WeissCrypto) August 25, 2021

The exec, however, defended compliance tools for the sake of Cardano’s growth. He claimed regulated entities need to ensure compliance in their own domain. Even so, Hoskinson was quick to stress that these policies would not affect the Cardano protocol, the full-node Daedalus wallet, or Cardano’s base layer.

He added,

“It’s open source software that’s complete decentralized. It’s sitting in a GitHub repo at any given time. Anyone can fork that and run it with their own brand, logo, and reputation on top of it. It’s not proprietary in any sense.”

When asked how KYC/AML would even be possible in such cases, Hoskinson told viewers to “think it fu*king through.” According to the Founder of Cardano, it is doing nothing different from Bitcoin and Ethereum.

Are regulations unavoidable now?

Hoskinson also predicted that stronger regulations are coming to the DeFi space. The guidance published by the Financial Action Task Force [FATF] in March 2021 is one such example. The document highlighted the need for KYC policies among “virtual asset service providers.”

Despite this, Hoskinson insisted that not all files on a system have to be in compliance with a particular regime.

Curiously, Coinfirm has also claimed that Binance and XRP also use its solutions. Meanwhile, blockchain analytics company Crystal Blockchain supports Ethereum Classic, over 1500 ERC-20 tokens, and Bitcoin SV.

Mission One Billion

It’s no secret that the third-largest cryptocurrency by market cap aims to turn one billion people into Cardano users over the next five years.

However, this would require certain conditions to be met. Hoskinson concluded the video by stating,

“But if our goal is to get Fortune 500 companies, government actors and billions of people to use the product, then we have to accept that they’re all going to be using Cardano differently. And that means we have to have a diverse set of partners and tool chains and capabilities for them to use the protocol differently.”

On 31 August, Weiss Crypto announced it would meet a Cardano Foundation representative to discuss AML solutions. No doubt Cardano watchers will be tuning in for dramatic updates.