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Topic: Dogecoin reddit sponsoring Nascar driver Josh Wise (Read 6206 times)

sr. member
Activity: 462
Merit: 253
Spoetnik, what makes you affirm that this has been made as a pump and dump? Its release was as legit as that of Bitcoin and Litecoin, and they all also fall to the same "pyramid scheme" accusation. The truth is, that it's impossible to distribute a currency that is free from that, especially not one that is deflatory. And since there was no pre-mine, there's nobody on top of the pyramid other than those that chose to mine early, I find your accusation undeserved.

Also, the most important thing that distinguishes it from being a ponzi, is that many don't buy them as an investment, but simply because it's fun. Really, it feels great to tip people on reddit which deserved it, and receive some in return when you make a meaningful post. In my mind, that is the definition of a legit currency. And seeing how much its user are involved with it (the nascar publicity, all the charities), makes one quite safe in knowing that they will support doge for a long time, no matter what its market price will come to, so it can only prosper in the long run.

Quote
You people have no concern for all the people who already and will have lost money..
One doge is still worth one doge. And the only way to lose money with it is to buy solely as an investment, which it is not, then panic sell during a dip (that will recover eventually). Do the world leaders and the banks that warns against cryptos apologize for inflation and bail-outs?
sr. member
Activity: 266
Merit: 250
Bank on India?

Wow credit, so government, many reputable , very doge.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
The difference in my view between labeling one coin a currency and one a ponzi scheme
is simply the developers personal intentions of why it was made and posted in the first place.

A traditional Ponzi scheme does not force people to get involved.. people do it for the enticement of "much profits" and "such Lambo'z" and "very riches.jpeg"
And your incorrect saying no one is saying you'll get rich buying into the whole Doge pyramid. (see picture at the end of my comment)
Going across the web and posting personal testimonials about how you got rich and various people posting a variety of images backing that up is proof enough.
You all took a pyramid scheme and have forever endlessly after the fact tried to prop it up as a currency when you know it wasn't one to begin with.
Doge was put out as a joke ? nope.. It was 1 of a 1,000 released to pump and dump and we all know it too so spare me the symantecs and verbal gymnastics and games.

Long before many of you got here i watched coin after coin have dummy services tacked on after the fact as the #1 method of legitimizing a coin..
ask users that have been around here long enough and if they are honest they should stick up for what i said.. it's a classic routine really.

Anyway i have no doubt at all a court of law in the average nation would consider Doge coin a Ponzi / Pyramid scheme.
Is my comment the exclusive ramblings of a mad man or am i simply repeating what i have watched others say all along ?
http://www.coindesk.com/estonian-central-bank-warns-bitcoin-ponzi-scheme/
http://forexmagnates.com/indias-central-bank-issues-a-warning-against-digital-currencies/

Not an isolated incident i have seen people NOT in crypto post comments on almost every single Bitcoin story i can recall saying it's a Ponzi scheme !
Not including the worlds banks and governments that echo that sentiment..
If you have all not heard that i think you have had your head buried in the sand.
I can got to random sites across the web that have nothing to do with crypto and show the scathing attacks Bitcoin itself gets if i need to..
and that is not factoring in that all these people don't even know what an Altcoin is pretty much because if they thought BTC is a ponzi they haven't seen nothing yet.

I don't see how anyone can attempt to play stupid like you guys do endlessly and yet you keep doing it.. never ceases to amaze me really.
If any typical rational thinking (non crypto) person not was to analyze and attribute a label of either Ponzi / Pyramid scheme or Currency i bet most would say scam instantly.
Many of you are too young and are clueless and probably have no idea who Berni Madoff is or how he was arrested for a record breaking Ponzi and
how people that worked for him were also found guilty..

And you know what guys ? what really bothers me the most about the whole playing dumb / Free Market (abuse) routine.
Is the fact that, just like Madoff you guys don't seem to care your screwing people over financially.. leaving a trail of inevitable victims.
You people have no concern for all the people who already and will have lost money..
as long as YOU guys get to brag about buying Lambo's then "fuck 'em" is what i'm hearing essentially non stop.

The outright denial when say for example the bank of India went and publicly warned AGAINST Dogecoin mentioned by name blows me away !
You Doge cheerleaders are so delusional (or possibly deceitful) that the headline you heard was "Bank of India Recognizes Doge coin" ..wow ! ....much wow lol

explain this..

sr. member
Activity: 462
Merit: 253
It would be funny because any suit labeling Bitcoin (or Doge) a ponzi scheme would have no legal basis. All intrinsic value ever promised or implied by Bitcoin (or Doge) as a protocol is delivered to the buyer at the time of receipt. Any value increase expected thereafter is purely speculative.

Call it what it is, a bubble. Not a ponzi, not a pyramid, not a matrix or other scheme. Just a bubble.

Well said. Also, who would they sue? Every single Doge users? Its developpers who aren't even paid for contributing?
full member
Activity: 168
Merit: 100
It would be funny because any suit labeling Bitcoin (or Doge) a ponzi scheme would have no legal basis. All intrinsic value ever promised or implied by Bitcoin (or Doge) as a protocol is delivered to the buyer at the time of receipt. Any value increase expected thereafter is purely speculative.

Call it what it is, a bubble. Not a ponzi, not a pyramid, not a matrix or other scheme. Just a bubble.
sr. member
Activity: 462
Merit: 253
Will donate about half of my earnings/day.

It´s not necessarily about getting nascar fans to adopt dogecoin. It´s the crazy amount of media coverage that this will bring. I mean, it would be the first crypto sponsored race driver Grin

Ya it's retarded people chose Doge coin and not a legit coin like Bitcoin.. sad really.

Google search "dumbest nascar sponsors" lol

What would be really funny is if they ended up getting sued for promoting a Ponzi Scheme hahaha

http://www.reddit.com/r/dogecoin
The Doge community is as active as Bitcoin's, but with 3000% more awesome. And that for like 0.5% of BTC's market cap, and it's actually the third coin with most volume.
Bitcoin users would never fund an amazing publicity stunt like that even thought they are about 200 times richer.
You may laugh now, but in a few months we'll be laughing at you from the moon! Cheesy
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
Will donate about half of my earnings/day.

It´s not necessarily about getting nascar fans to adopt dogecoin. It´s the crazy amount of media coverage that this will bring. I mean, it would be the first crypto sponsored race driver Grin

Ya it's retarded people chose Doge coin and not a legit coin like Bitcoin.. sad really.

Google search "dumbest nascar sponsors" lol

What would be really funny is if they ended up getting sued for promoting a Ponzi Scheme hahaha
sr. member
Activity: 462
Merit: 253
He's sure to get the most votes, the Doge community is certainly more likely to go on that site than most Nascar supporters Cheesy

Don't be so sure.  Danica has a HUGE following.  Grin

Gee you're right, this will be interesting!
Underdoges of the world unite - for the eternal fight between geeks and popular people! Cheesy
And don't forget you may vote every day.


by dalovindj on Reddit
legendary
Activity: 948
Merit: 1026
No wins in NASCAR.  But she does have one win, seven podiums, and three poles in Indy Cars.

http://racing-reference.info/driver/Danica_Patrick


....  and this helps:   Grin

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
He's sure to get the most votes, the Doge community is certainly more likely to go on that site than most Nascar supporters Cheesy

Don't be so sure.  Danica has a HUGE following.  Grin

Danica still hasn't won a race, is that correct?
legendary
Activity: 948
Merit: 1026
He's sure to get the most votes, the Doge community is certainly more likely to go on that site than most Nascar supporters Cheesy

Don't be so sure.  Danica has a HUGE following.  Grin
legendary
Activity: 3192
Merit: 1348
Everyone please vote here http://www.nascar.com/SprintFanVote.html , for help Josh Wise to run another race with the Dogecoin Car , two for the price of one! , if we choose him he runs the  Sprint Series All Star Race!

Source: http://www.reddit.com/r/dogecoin/comments/22pm7f/josh_wise_needs_our_help_we_also_have_a_chance_to/

Voted. Let's make this happen Smiley
sr. member
Activity: 462
Merit: 253
He's sure to get the most votes, the Doge community is certainly more likely to go on that site than most Nascar supporters Cheesy
hero member
Activity: 826
Merit: 1001
@Bit_John
voted!
sr. member
Activity: 462
Merit: 253
Everyone please vote here http://www.nascar.com/SprintFanVote.html , for help Josh Wise to run another race with the Dogecoin Car , two for the price of one! , if we choose him he runs the  Sprint Series All Star Race!

Source: http://www.reddit.com/r/dogecoin/comments/22pm7f/josh_wise_needs_our_help_we_also_have_a_chance_to/

Voted, thanks for the link fellow shibe Smiley
hero member
Activity: 586
Merit: 500
Gambling bitcoin webmaster
Everyone please vote here http://www.nascar.com/SprintFanVote.html , for help Josh Wise to run another race with the Dogecoin Car , two for the price of one! , if we choose him he runs the  Sprint Series All Star Race!

Source: http://www.reddit.com/r/dogecoin/comments/22pm7f/josh_wise_needs_our_help_we_also_have_a_chance_to/
legendary
Activity: 948
Merit: 1026
Let's just say doge shit doesn't seem to be sticking to Shibe fur the way Gox sticks to bitcoin. Cheesy
sr. member
Activity: 420
Merit: 263
let's make a deal.
Actually, NBC has been broadcasting NASCAR for years along with Fox (and ESPN every once in a while).

NBC and NASCAR just signed an expansive ten year media partnership deal starting in 2015.  Cheesy

http://www.nascar.com/en_us/news-media/articles/2013/07/23/nascar-nbc-sports-group-sprint-cup-nationwide-landmark-deal.html

interesting; didn't know this.

tbh i haven't had cable tv since 1999.

[I know.  I'm part of the Bitcoin collective.  But I would never invite my mother into this wretched hive of scum and villainy.  Cheesy

The Doge community is free of this.  
so doge shit don't stink?  lol

http://www.dailydot.com/business/dogestarter-reddit-dogecoin-crowdfunding-scam/

https://bitcointalksearch.org/topic/scam-alert-httpdogescryptpoolscom-dogecoin-miners-please-read-390923

http://www.theguardian.com/technology/2014/mar/04/dogecoin-bitcoin-imperial-college-student-mine

http://www.dailydoge.org/2014/01/14/what-is-dogeroad/

legendary
Activity: 948
Merit: 1026
This thread is part of the Bitcoin collective.

I know.  I'm part of the Bitcoin collective.  But I would never invite my mother into this wretched hive of scum and villainy.  Cheesy

The Doge community is free of this. 
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!

...
It's sad that the greed and corruption within the Bitcoin collective (I won't call it a community) is incapable of pulling something like this off.
Many Kudos to the Doge community!  You've done something I thought impossible.  Make me feel good about the cryptocurrency cesspool we've been wallowing in for the last five years.  Cheesy

This thread is part of the Bitcoin collective.
Resistance is futile, you have been assimilated.
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