I define it by the fact Doge, less than two months after its inception, passed Litecoins network hash rate while simultaneously surpassing Bitcoins 24 hr trading volume.
Dogecoin bubble..
- Thread starter Winston_McFail
- Start date
I define it by the fact Doge, less than two months after its inception, passed Litecoins network hash rate while simultaneously surpassing Bitcoins 24 hr trading volume.
I would define it by how many places I can actually buy shit with Doge. Which is to say, nowhere. Seems legit.
BOOM #TOLD! SHAZAM
Only stupid crappy vendors like Namecheap and Overstock take Bitcoins at this point. Despite the fact that no one takes Dogecoin or is even considering it (because it's a fucking joke coin), you can definitely expect it to be at large online retailers soon. Heck I'll bet anything Amazon picks up Dogecoin before Bitcoin, if it even takes on that stupid crappy Bitcoin at all.
Dogecoin is future bros
2 da moon xDDDDD
It's making moves. Big things are happening.
For example. Dogecoin is currently on the front page of Reddit:
Users of /r/dogecoin raise 4.2mil Doge (~$6,000) in a matter of hours to help an Indian luger get to the Olympics : bestof
Did you miss the part where it's less than 2 months old?
Send Doge via text even to Shibes that don't have a smart phone:
FIÐO universal dogecoin tipbot - good doge!
Buy gift cards with your Doge:
https://treats.io/
Or just kick it on the fucking moon:
(O_o)
H̨̼̩͐̑͆̀̚&
I think Drew Meyers made it to the front page of Reddit before. Wouldn't put too much creedence into it.
Haha, touché. There's more going on than just that though.
I'm just saying...
Give it 6 months and most people will be saying WTF, where did this all come from.
Sorry, but don't think so. It's a fad that came up fast, and will disappear just as quickly.
We're finally beginning to see the adoption of bitcoin in the mainstream. Slowly, but it's happening. Overstock, Tiger Direct, pro sports team, investments funds including a small % of bitcoin in their portfolio, etc. You'll never get Tiger Direct to send you a laptop in exchange for Dogecoin though. Just not happening.
To be honest, I don't even think Bitcoin will be around for much longer. There's too many inherent flaws with it, and nobody within the Bitcoin community seems to be coming up with solid solutions for them. There's NextCoin which is basically here now, which does solve many of the issues, but not all of them.
Nonetheless, crypto-currency is here to stay. It's not going anywhere, and it'll be interesting to see how it develops. Sorry, but Dogecoin isn't going to be around to see it happen though.
Anything from over 21,000 different retailers?
More Major Retailers Are Getting Ready to Accept Bitcoin | Reuters
Doge is one of top three most circulated cryptocurrencies that exist.. and it achieved that in record time against coins that have been around for far longer.
Why would it fade? Because it has a dog from a meme on it? The meme will fade, but the coin is only getting started.
Admittedly, anything can happen in crypto, but im surprised more on this forum dont see the potential here. Its a marketing dream..
Also, while I wouldnt be surprised AT ALL if tiger direct started accepting doge (i can promise that it will made clear to them that doing so will be profitable) but even if they dont.. You dont really think crypto will only be used for buying laptops at online retailers, do you?
A few days ago.. a Google dev created a thread in the bitcoin subreddit asking for ideas on how to best implement bitcoin and by far the most upvoted suggestion was to implement Dogecoin tipping in youtube and google plus. Not saying that will happen, or even that it would work.. just that i think you guys are underestimating what a large passionate group of people can accomplish.
Okey dokey. You go hit up the CEO of Overstock, and ask him if he's willing to accept Dogecoin. Make sure to bring a cute image like this along:
Let me know how it goes.
Again, I think there's massive potential in crypto-currency, and the demand for a payment medium like this is there to make it succeed. But get real, Dogecoin is a fucken joke.
I agree that there is a lot of other disruptive advancements that other cryptos are bringing to the table. Plus, VCs that have a vested interest in building something they have their own $$$ in. Mark Cuban recently tweeted this:
https://twitter.com/mcuban/status/403916745900978176
Coinbase is genius cause it actually sets the framework and compliance for accepting any crypto.
Marc Andresson and Fred Wilson (probably 2 of the smartest VCs in Silicon Valley) invested in Coinbase, so I'm curious to see where they go with this.
At the least, I foresee DogeCoin gaining more traction and jumping in price by 4-10x within the next year. That's enough for me to get in on it as an investment.
As much as it doesn't make sense, its playing a vital part in raising the awareness of cryptocurrencies as a whole.
Bitcoin and Litecoin led the charge with their technology and persistence.
Dogecoin is spreading the movement by building a HUGE community that is spending/spreading/tipping their coins. Honestly, from a marketing perspective, the whole thing is incredible.
Will it surpass Bitcoin? The thing is, it doesn't really need to. It's a niche currency that definitely has its own place. Will Overstock accept it? Probably not. Will HumbleBundle, theChive, Kickstarter, Etsy... well, the CoinBase equivalent for DogeCoin (easy DOGE to USD transactions) is gonna be released in the next week, so we'll see where that goes.
Also, Doge as a meme is arguably already dead, but Doge has essentially become a Mascot representing a Brand at this point.
As an investment, sure, doge can be "legit." Just like Litecoin, maybe even moreso because of all the enthusiasm around it. Not a long-term play, but certainly a decent short-term play until that enthusiasm climaxes.
But when I think of a "legit" cryptocurrency, there will quite literally never be another in our lifetimes. Marc Cuban is going to miss this boat and kick himself for eternity. (While Mr. Wonderful calls him up every day to laugh in his face.)
I don't just suspect that altcoins have no chance in major finance channels guys; I'm very sure of it. There is all kinds of data on the subject, but mostly the history of protocols and network effects make it obvious what must happen. All protocols that got an advantage over other protocols have never lost that advantage. Ever. Bitcoin is no different.
Then there are the unlimited examples in Austrian economics where 'better money' always destroy 'less desirable money.' And then there are all the price charts that show things like how bitcoin's volatility over time is constantly getting better, but not so for any big altcoin... And many other great stats.
But no matter if you took allllllll of that sound reason and threw it in the trash bin right now, I'd still believe that bitcoin will be the only valuable coin before long because of the incredible, unsurmountable, pretty fucking much Infinite power of a single blockchain... Which wouldn't be powerful at all if most miners were divided up into multiple blockchains.
There will always be incentives to most every last human, (excepting only government personelle) to protect, support, and grow the bitcoin blockchain. Before long, that will mean forsaking all other blockchains too.
But when I think of a "legit" cryptocurrency, there will quite literally never be another in our lifetimes. Marc Cuban is going to miss this boat and kick himself for eternity. (While Mr. Wonderful calls him up every day to laugh in his face.
)I don't just suspect that altcoins have no chance in major finance channels guys; I'm very sure of it. There is all kinds of data on the subject, but mostly the history of protocols and network effects make it obvious what must happen. All protocols that got an advantage over other protocols have never lost that advantage. Ever. Bitcoin is no different.
Then there are the unlimited examples in Austrian economics where 'better money' always destroy 'less desirable money.' And then there are all the price charts that show things like how bitcoin's volatility over time is constantly getting better, but not so for any big altcoin... And many other great stats.
But no matter if you took allllllll of that sound reason and threw it in the trash bin right now, I'd still believe that bitcoin will be the only valuable coin before long because of the incredible, unsurmountable, pretty fucking much Infinite power of a single blockchain... Which wouldn't be powerful at all if most miners were divided up into multiple blockchains.
There will always be incentives to most every last human, (excepting only government personelle) to protect, support, and grow the bitcoin blockchain. Before long, that will mean forsaking all other blockchains too.
Correct, this certainly justifies the $10bn Bitcoin valuation.
People who say that the BTC price is so high because of horders are certainly stupid. I mean, it's obvious that it's overstock what drove the price to $1000.
On a serious note, I'm not saying that anything is wrong about BTC, I'm just saying that DOGE isn't worse.
As an investment, sure, doge can be "legit." Just like Litecoin, maybe even moreso because of all the enthusiasm around it. Not a long-term play, but certainly a decent short-term play until that enthusiasm climaxes.
But when I think of a "legit" cryptocurrency, there will quite literally never be another in our lifetimes. Marc Cuban is going to miss this boat and kick himself for eternity. (While Mr. Wonderful calls him up every day to laugh in his face.
I don't just suspect that altcoins have no chance in major finance channels guys; I'm very sure of it. There is all kinds of data on the subject, but mostly the history of protocols and network effects make it obvious what must happen. All protocols that got an advantage over other protocols have never lost that advantage. Ever. Bitcoin is no different.
Then there are the unlimited examples in Austrian economics where 'better money' always destroy 'less desirable money.' And then there are all the price charts that show things like how bitcoin's volatility over time is constantly getting better, but not so for any big altcoin... And many other great stats.
But no matter if you took allllllll of that sound reason and threw it in the trash bin right now, I'd still believe that bitcoin will be the only valuable coin before long because of the incredible, unsurmountable, pretty fucking much Infinite power of a single blockchain... Which wouldn't be powerful at all if most miners were divided up into multiple blockchains.
There will always be incentives to most every last human, (excepting only government personelle) to protect, support, and grow the bitcoin blockchain. Before long, that will mean forsaking all other blockchains too.
As much as i genuinely respect your opinion.. I simply cant imagine that bitcoins growth outpaces say peercoin's or doge's this year..
As for long term.. there are going to be huge collective vested interests in other coins besides bitcoin. I agree that most will fade out.. but im just as certain as you are, that more than one crypto will be left standing in the end.
Peercoin, for example, will rely almost exclusively on proof of stake meaning it wont be competing for bitcoin resources.
Im honestly confused as to why you're certain bitcoin will stand alone - but interested in hearing more..