Coindesk article
http://www.coindesk.com/what-dogecoin-must-do-survive/Stephen Gornick • 2 hours ago
To perform a 51% attack on Dogecoin is much, much less than this author suggests.
A 51% attack for the purpose of double spending against the exchanges would need about $5M worth of the new Scrypt ASIC hardware mining away on a private fork of the Dogecoin blockchain. LIkely even less than $5M is necessary as a successful attack will likely involve DDoS'g the existing pools such that the total hashing on the public chain is lowered.
Additionally, the attacker doesn't need to invest $5M just on this attack. Those Scrypt ASICs are only needed for about an hour -- and can go back to mining Litecoin or whatever after the attack. So all that is needed is to direct $5M worth of hardware to the private Dogecoin blockchain fork for a short time until the aim of the attack (sell Dogecoins for bitcoins, litecoins or other non-reversible payment method, then withdraw the funds) is complete.
Dogecoin's ultimate death (as a proof-of-work altcoin) is and has been fairly well known by anyone who understands the economics behind it. But providing such warnings makes one an "altcoin hater" or whatever, so the "community" is getting what they wanted -- a lighter, happier, less-stuck-up (and now soon-to-be "worthless") altcoin for their tipping pleasure.
I just hope those who lost their money holding Dogecoin were prepared for such losses.
bycrystal • 14 hours ago
Merge much with Charlie Lee (LITECOIN), and put the MINING FUNCTIONS TOGETHER, as was suggested brilliantly by Charlie at the recent SF DOGECOIN CONFERENCE!...
So, the solution from our leader, Jackson Palmer... is to flip a coin and hop, in some "weird wacky way", the coin lands on its side ... much randomness! Where is the leadership? Where is the vision? Who is setting solid goals and directions? Obviously, not Jackson. His answer: "...let the community figure it out."
I also want to take a DOGE VOYAGE and go to the moon ... it takes MONEY! It takes PROFIT! Investors want to make MONEY. Fiat currency is DEAD and America is going broke. It takes more than fun and party games to be able to survive the collapse of Western Economic Imperialism. There are 49 million U.S. citizens on food stamps! They want money or digital currency or potatoes (or whatever!) to live on... day to day. Doge digital currency is a way for us to "early adopt and adapt" and ride the financial gravity wave to the moon! However, it takes financial engineering, investments (money), leadership, etc. It sounds like Jackson may be much-out-of-touch... so-investment negative... very-ostrich...
wow • 26 minutes ago
You would not be able to get sup 200sat Dogecoins if you not near a Computer or already have them if an announcement is made to merge mine with Litecoin. Cryptsy probably would crash and sell out of coins, initially. Srcypt ASIC companies would have record orders to deal with.
Trente Judge Crypto • 4 hours ago
I believe Palmer is doing a pretty good job of scaring away fiat holders, all on his own.