[2014-04-28] VICE - A Trip to Dogecoin's First Conference

lynn_402

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Quote from: bryant.coleman on April 29, 2014, 11:19:34 PM

Quote from: lynn_402 on April 29, 2014, 10:42:02 PM

But the block reward is getting lower and lower; when 100 billion doges will be mined the inflation rate will be 5 billion doges per year, which percentage-wise is lower than Bitcoin. This will happen in only a few months.

So most of the Doges have been mined already, huh? My suspicions of pre-mining is increasing day by day. '

That said... I don't really understand the need for DOGE. It has the same features as the Bitcoin is having. What is the need of a copycat, when we can have the original? Grin

What's the need of euro, when its concept is the same as USD?
Seriously, I do believe it is relevant for different communities, who share different values, to have their own currency.

Also, I don't believe your accusation of pre-mining is relevant, since these coins took many months to be mined (ie. no IPO scam).

bryant.coleman

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Quote from: lynn_402 on April 29, 2014, 10:42:02 PM

But the block reward is getting lower and lower; when 100 billion doges will be mined the inflation rate will be 5 billion doges per year, which percentage-wise is lower than Bitcoin. This will happen in only a few months.

So most of the Doges have been mined already, huh? My suspicions of pre-mining is increasing day by day. '

That said... I don't really understand the need for DOGE. It has the same features as the Bitcoin is having. What is the need of a copycat, when we can have the original? Grin

Bit_Happy

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A Great Time to Start Something!

Quote from: lynn_402 on April 29, 2014, 10:42:02 PM

Quote from: bryant.coleman on April 29, 2014, 03:08:59 AM

Hmm... the supply is also sort of unlimited. Right now, there are more than 75 billion Dogecoins in circulation! What is the need for this much amount? The more the volume, the less will be the individual value of a single coin. Right now, one Doge costs around 1/1,000,000 of that of the Bitcoin. The only coin which is more worthless is the Devcoin. Grin

But the block reward is getting lower and lower; when 100 billion doges will be mined the inflation rate will be 5 billion doges per year, which percentage-wise is lower than Bitcoin. This will happen in only a few months.

Quote from: counter on April 29, 2014, 04:54:41 PM

i never got into Dogecoin but I did witness the hype and I will say it was "big" for a short time.

It was? There was 3200 connected persons on Dogecoin's subreddit this evening, which is actually the all time high.

Quote from: BitChick on April 28, 2014, 12:56:09 PM

If they ever have another conference can I bring my dog? Wink

It looks like a rather unusual group I might add.

Sure, someone actually brought his shiba Cheesy

http://electricaeons.com/wp-content/uploads/2014/04/2014-04-25-17.56.00-300x200.jpg

He's adorable

If I was much closer to SF, then I would have been there.
300 people is a great turnout.

lynn_402

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Activity: 462

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Quote from: bryant.coleman on April 29, 2014, 03:08:59 AM

Hmm... the supply is also sort of unlimited. Right now, there are more than 75 billion Dogecoins in circulation! What is the need for this much amount? The more the volume, the less will be the individual value of a single coin. Right now, one Doge costs around 1/1,000,000 of that of the Bitcoin. The only coin which is more worthless is the Devcoin. Grin

But the block reward is getting lower and lower; when 100 billion doges will be mined the inflation rate will be 5 billion doges per year, which percentage-wise is lower than Bitcoin. This will happen in only a few months.

Quote from: counter on April 29, 2014, 04:54:41 PM

i never got into Dogecoin but I did witness the hype and I will say it was "big" for a short time.

It was? There was 3200 connected persons on Dogecoin's subreddit this evening, which is actually the all time high.

Quote from: BitChick on April 28, 2014, 12:56:09 PM

If they ever have another conference can I bring my dog? Wink

It looks like a rather unusual group I might add.

Sure, someone actually brought his shiba Cheesy

http://electricaeons.com/wp-content/uploads/2014/04/2014-04-25-17.56.00-300x200.jpg

counter

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Time is on our side, yes it is!

i never got into Dogecoin but I did witness the hype and I will say it was "big" for a short time.

Bit_Happy

legendary

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A Great Time to Start Something!

Quote from: bryant.coleman on April 29, 2014, 02:39:24 AM

Quote from: CoinMode on April 29, 2014, 12:36:36 AM

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

But still 300 people lost to Bitcoin. Or we can say that 300 people who shifted their loyalty to Dogecoin after dumping the Bitcoin. 100 different alt-coins and we will have 30,000 of such people.

I am not a huge DOGE fan, but I do know this:
Doggie has brought new people into BTC (by being their first crypto and then they discover the bigger/better BTC)

CoinMode

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Quote from: bryant.coleman on April 29, 2014, 03:08:59 AM

Quote from: CoinMode on April 29, 2014, 02:43:43 AM

I own over 2million Dogecoin and completely hope it dies. It is the beanie baby of crypto. No added function, all fad marketing, exactly the opposite of what we need. I hope you lose a ton of money for crapping up the marketplace.

Hmm... the supply is also sort of unlimited. Right now, there are more than 75 billion Dogecoins in circulation! What is the need for this much amount? The more the volume, the less will be the individual value of a single coin. Right now, one Doge costs around 1/1,000,000 of that of the Bitcoin. The only coin which is more worthless is the Devcoin. Grin

Very funny... Wink

bryant.coleman

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Quote from: CoinMode on April 29, 2014, 02:43:43 AM

I own over 2million Dogecoin and completely hope it dies. It is the beanie baby of crypto. No added function, all fad marketing, exactly the opposite of what we need. I hope you lose a ton of money for crapping up the marketplace.

Hmm... the supply is also sort of unlimited. Right now, there are more than 75 billion Dogecoins in circulation! What is the need for this much amount? The more the volume, the less will be the individual value of a single coin. Right now, one Doge costs around 1/1,000,000 of that of the Bitcoin. The only coin which is more worthless is the Devcoin. Grin

CoinMode

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Activity: 417

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Quote from: bryant.coleman on April 29, 2014, 02:39:24 AM

Quote from: CoinMode on April 29, 2014, 12:36:36 AM

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

But still 300 people lost to Bitcoin. Or we can say that 300 people who shifted their loyalty to Dogecoin after dumping the Bitcoin. 100 different alt-coins and we will have 30,000 of such people.

I own over 2million Dogecoin and completely hope it dies. It is the beanie baby of crypto. No added function, all fad marketing, exactly the opposite of what we need. I hope you lose a ton of money for crapping up the marketplace.

bryant.coleman

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Activity: 3766

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Quote from: CoinMode on April 29, 2014, 12:36:36 AM

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

But still 300 people lost to Bitcoin. Or we can say that 300 people who shifted their loyalty to Dogecoin after dumping the Bitcoin. 100 different alt-coins and we will have 30,000 of such people.

CoinMode

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Activity: 417

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Quote from: Bit_Happy on April 29, 2014, 01:18:20 AM

Quote from: CoinMode on April 29, 2014, 12:36:36 AM

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

MUCH COMMUNITY
VERY STRENGTH
WOW!

Sorry, but I just can't wait for one of first batches of KnC Scryptminers to 99% attack the doge network. The big boys don't mess around mining memecoins, and something tells me they'd enjoy stealing the doge market via sabotage. Dogecoin might survive, but only on reddit.

Is that your best shot?

300 showed up
That's a great result, actually.

Sorry, but I just can't wait for one of first batches of KnC Scryptminers to 99% attack the doge network...
You are saying you support "economic terrorism" against a coin with a large market cap, is that correct?

Dogecoin might survive, but only on reddit.
Are you serious?
FTC wasn't killed by attacks and the DOGE community is much bigger.
(If you must be evil) Bring on the attack and see how well they handle it, that seems to be what you want.

1. No, 33% is not good at all. Vast majority just said fuck it, probably no longer Dogecoiners.
2. Making all cryptocurrency look stupid is economic terrorism.
3. The fireworks would be awesome.

Are you trying?

Bit_Happy

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A Great Time to Start Something!

Quote from: CoinMode on April 29, 2014, 12:36:36 AM

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

MUCH COMMUNITY
VERY STRENGTH
WOW!

Sorry, but I just can't wait for one of first batches of KnC Scryptminers to 99% attack the doge network. The big boys don't mess around mining memecoins, and something tells me they'd enjoy stealing the doge market via sabotage. Dogecoin might survive, but only on reddit.

Is that your best shot?

300 showed up
That's a great result, actually.

Sorry, but I just can't wait for one of first batches of KnC Scryptminers to 99% attack the doge network...
You are saying you support "economic terrorism" against a coin with a large market cap, is that correct?

Dogecoin might survive, but only on reddit.
Are you serious?
FTC wasn't killed by attacks and the DOGE community is much bigger.
(If you must be evil) Bring on the attack and see how well they handle it, that seems to be what you want.

CoinMode

sr. member

Activity: 417

Merit: 250

So 900 people signed up to attend, prices crashed, they bailed, 300 showed up.

MUCH COMMUNITY
VERY STRENGTH
WOW!

Sorry, but I just can't wait for one of first batches of KnC Scryptminers to 99% attack the doge network. The big boys don't mess around mining memecoins, and something tells me they'd enjoy stealing the doge market via sabotage. Dogecoin might survive, but only on reddit.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: BitChick on April 28, 2014, 12:56:09 PM

If they ever have another conference can I bring my dog? Wink

It looks like a rather unusual group I might add.

In another location it would be "a rather unusual group".
That gathering was kinda' bland for San Fransisco Cheesy

BitChick

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If they ever have another conference can I bring my dog? Wink

It looks like a rather unusual group I might add.

Bit_Happy

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Activity: 2114

Merit: 1040

A Great Time to Start Something!

At the digital currency Dogecoin’s first ever conference, a 14-year-old girl explained how she’d gone from rags to riches, and back to rags, all in Dogecoin. After her witty comments on Reddit generated dogecoin tips—usually in the 100s, or about five cents a time—she bet her fortune on a League of Legends battle waged against a friend. And lost. Much sadness.

The girl, Victoria, was attending Dogecon San Francisco to see what the hoopla over the meme-themed digital currency actually was (other than tipping people on Reddit). “[My family] thinks it’s weird, but it’s serious business,” she told me. And from the looks of things at the conference, Victoria is right. Dogecoin is for real....

Dogecoin is for real!
Dogecoin is for real?
That sounds funny, I like DOGE but is it "real" or still just the joke it was supposed to be?

ksruictkesn

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http://motherboard.vice.com/read/a-trip-to-dogecoins-first-conference

Topic: [2014-04-28] VICE - A Trip to Dogecoin's First Conference (Read 990 times)