DogeCoin is a f-n joke.
After the stock market crash we are experiencing now bitcoin will crash 90%, and most altcoins will crash 99-100%.
Bullshit coins like dogecoin will seize to exist when people don't waste mining power anymore on them.
Topic: Your confidence in Dogecoin? - page 2. (Read 2743 times)
Yes, I think that talking negative about Doge is going to jinx it.
How about stop ridiculing it instead of building it?
How about stop ridiculing it instead of building it?
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Do you think Doge will hit over 200 satoshi again?
I do, although it can take a while. Things still need to settle. Dogecoin is the only one that can cater to the "general public" who happens to know what doge even means.
But realistically speaking, I think even litecoin is pretty useless, I mean, what does it put on the table that bitcoin doesn't? It doesn't even leverage scrypt's advantages (acording to scrypt's creator).
Litecoin's only advantage that I know of is faster transactions. Same with WDC.
Bitcoin just can't be used for day to day transactions; it takes too long. The 30-50m blocks would be killer if you're sitting around waiting on confirmations at a store.
Hoping not to fork the discussion too much... BTC block size was not picked randomly. I apologize for not posting the source, but I recall previous discussions on this forum where people explain how faster block times basically translate into weaker validations. There's no free lunch there just by tweaking some parameters.
AFAIK, litecoin doesn't attempt to introduce any innovation to the concept beyond using a different hash function and tweaking some parameters. Other coins did try to experiment by adding new ideas to the mix: proof of stake for example.
As for bitcoin not being suited for practical day to day transactions, I believe some services can be built on top of bitcoin to mitigate that and offer fast transaction times. It is not realistic to think that 5-10 years for now we will still using bitcoin in such a low level fashion as we do now.
Back on the dogecoin topic, looks like dogecoin is the first altcoin with a lightweight client:
http://www.reddit.com/r/dogecoin/comments/1xdr4u/multidoge_010_released_light_wallet_client_for/
pretty impressive, considering most coins consist of a thread here on bitcointalk.
I can see it taking off, already got a bigger network than LTC. Although there will be better coins to come after it.
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Do you think Doge will hit over 200 satoshi again?
I do, although it can take a while. Things still need to settle. Dogecoin is the only one that can cater to the "general public" who happens to know what doge even means.
But realistically speaking, I think even litecoin is pretty useless, I mean, what does it put on the table that bitcoin doesn't? It doesn't even leverage scrypt's advantages (acording to scrypt's creator).
Litecoin's only advantage that I know of is faster transactions. Same with WDC.
Bitcoin just can't be used for day to day transactions; it takes too long. The 30-50m blocks would be killer if you're sitting around waiting on confirmations at a store.
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Do you think Doge will hit over 200 satoshi again?
I do, although it can take a while. Things still need to settle. Dogecoin is the only one that can cater to the "general public" who happens to know what doge even means.
But realistically speaking, I think even litecoin is pretty useless, I mean, what does it put on the table that bitcoin doesn't? It doesn't even leverage scrypt's advantages (acording to scrypt's creator).
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Do you think Doge will hit over 200 satoshi again?
I do, although it can take a while. Things still need to settle. Dogecoin is the only one that can cater to the "general public" who happens to know what doge even means.
Thing is, Doge seem fun and all by its community but this is, at the same time, what will makes serious investors and serious businesses not want to join and participate. If they do, Doge will become serious and not fun anymore which is in contrast of why it is taking off.
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Do you think Doge will hit over 200 satoshi again?
Bitcoin is an uphill slog against constant vitriol and hate - something about it makes doubters become passionate and venomous, and trying to follow Bitcoin while ignoring all the hate/ignorance/ridicule can get wearisome.
It probably wasn't intentional, but Dogecoin disarms those people. It's hard to get worked up and spew serious arguments against a jokecoin that doesn't take itself seriously.
Emotionally I admit it feels like Dogecoin is yet another ridiculing of Bitcoin and another useless alt, and I'm so over both of those things that it's harder for me to fully appreciate the humor, but it seems like Dogecoin is achieving great things (for everyone), whether intentional or not.
It probably wasn't intentional, but Dogecoin disarms those people. It's hard to get worked up and spew serious arguments against a jokecoin that doesn't take itself seriously.
Emotionally I admit it feels like Dogecoin is yet another ridiculing of Bitcoin and another useless alt, and I'm so over both of those things that it's harder for me to fully appreciate the humor, but it seems like Dogecoin is achieving great things (for everyone), whether intentional or not.
Its growth is impressive, but long-term I don't see how a coin based on a meme will survive.
We live in a social world. Memes are very socially accepted (... well, at least now). As long as this trend continues, Dogecoin should do well.
What do you think about Doge?
It's just another open source peer-to-peer cryptocurrency.
Trading and mining doge is great. But I don't know if doge can sustain it's growth.
Its growth is impressive, but long-term I don't see how a coin based on a meme will survive.
Exactly the same thing that happened to BTC.
What do you think about Doge? Will it rise in power soon? and Will it be int he Top Three Coins in the market?
What do you mean by power? It'll never be up to much just because of the marketcap. It's not a wise investment for the future, but maybe you can have some fun with it now, but you're not gonna become rich off it.
Supposedly Dogecoin is going to drop its block payouts by half soon. This will slow down the production and may boost prices.
I am saving as many DOGE as I can.
What for? Don't save them for too long though.
I just have a good feeling about Doge.
Community means so much to a successful business.
Doge started as a joke and I think has surprised everyone, including probably its own dev team. It has attracted a lot of infrastructure and support very quickly and so I see it could be a survivor. However, the dev teams decision not to limit the number of coins does not make it a good investment compared to other cryptos. In short, buy doge only if you have something you want to use it for, otherwise BTC seems a better "reserve" currency to me.
All true. Use DOGE for short term gains.
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Doge started as a joke and I think has surprised everyone, including probably its own dev team. It has attracted a lot of infrastructure and support very quickly and so I see it could be a survivor. However, the dev teams decision not to limit the number of coins does not make it a good investment compared to other cryptos. In short, buy doge only if you have something you want to use it for, otherwise BTC seems a better "reserve" currency to me.
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