DOGECOIN!
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- ZOOP0
The point here is the change in general perception of cryptocurrency from something out of reach for the average person, to one people can identify with, and this incarnation has the foundation of existing algorithms combined with the disarming qualities of a well known popular culture reference.
Time will tell if people trust cryptos enough to put their hard earned money into. The ceiling is high enough so that more people can actually own an amount that feel like currency to them, as opposed to a percentage of one bitcoin for instance.
It comes down to having enough belief in something to make it a permanent fixture. Popularizing cryptocurrency is needed as people have less and less confidence in their own governments' currencies.
- My hope is that this will be a way for alternative decentralized currency to get a foot in the doorZOOP
- reanimate0
Or is it more like a pyramid scheme? "Invent" a coin with some unique feature, give yourself ownership of most of them. Spam Bitcoin forum, /r/bitcoin/ and other sites. Watch as the value rises, ???, profit!
- that would be the point of having many to choose from, based on performance and equality of ownershipZOOP
- bitcoin sure has the feel of a monopolyZOOP
- btw dogecoin is at barely over 2% mined of the total available :)ZOOP
- Most of them are I'm guessing, otherwise they wouldn't be seen as viablereanimate
- NXT and Quarkcoin are thisanimatedgif
- animatedgif0
Some of them yes, they're pre-mined by creators or in private groups
- pango0
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAH...
"Millions of Meme-Based Dogecoins Stolen on Christmas Day"
- nyuck nyuck http://www.businessi…ZOOP
- and a ho ho ho http://gizmodo.com/t…ZOOP
- 'tis the season to be seizin'ZOOP
- update: dogecoin community gives those who lost their doge everything back they lost. positivity! :DZOOP
- BabySnakes0
For $1,700 I could be a Slumdoge Millionaire...
- as of today 28 billion doge mined, each worth 1/500th of a dollar, that's $56 million :DZOOP
- if as described, bitcoin is the gold of crypto, and litecoin is the silver, then doge is poised to be the copper equivalentZOOP
- ya seems that...so invest in pennies?BabySnakes
- buy doge by the pound! get it? lolzZOOP
- prophetone0
mcgruff is on the case
- lol. write a letter. sure mcgruff. I'll get *write* on that.sarahfailin
- ZOOP0
I'm a firm believer that predictions made never come true, so I'll ask a few questions:
Does this having staying power?
How much trust are people willing to put in cryptocurrencies?
Does popular culture have a marked affect on the way people view currency?
What if people begin to shift their finances away from government issued currencies to eventually become the rule, and not the exception?
Personally I find this current evolution the most exciting thing in recent times. :D
- ZOOP0
- scarabin0
gizmodo said it best
"it's hard to feel too bad for someone who saw fit to invest in a grammatically incorrect internet dog. "
- ZOOP0
Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" now accounts for more transaction volume than every other cryptocurrency combined. http://www.policymic.com/article…
- Looking back on the first page posts, seems that some were a little hasty, and cynical. I aint even mad tho :DZOOP
- scarabin0
how long does your average meme last? a few months, tops?
- <refers to first question. this isn't your average meme, it's become a branded currency, which is beyond bizarreZOOP
- my point is how long is interest in one more crypto created as a joke going to last once everyone has become bored with the doge memescarabin
- A single cryptocurrency might not be the answer, maybe a continuous succession, don't ask me! lolZOOP
- but say for instance one could have a varied choice, as many as there are drink brandsZOOP
- ideaist0
Why Everybody Who Doesn’t Hate Bitcoin Loves It: A New Freakonomics Radio Podcast
"The gist: thinking of Bitcoin as just a digital currency is like thinking about the Internet as just e-mail. Its potential is much more exciting than that.
Bitcoin is often described as “virtual gold” — as well as everything from a “bubble” to a “Ponzi scheme” to “a haven for individuals to buy black market items.” But what excites some people, like Silicon Valley veteran Marc Andreessen, is Bitcoin’s potential as a new technology that could underlie any number of transactions, well beyond the simple swapping of currency."
Podcast -> http://freakonomics.com/2014/03/…
- Found this to be a nice primer for anyone unfamiliar with the concept, tech, etc.ideaist
- dbloc0
stupid.
- not stupid> http://www.qbn.com/t…ZOOP
- < stupiddbloc
- agreedZOOP
- btw what kind of a person comes to a thread to post something like this, especially someone with stupid threadsZOOP
- the type who makes shitty logo.
... in which... is actually quite a brilliant idea.pango - this is stupid...do you really think it's the future of money?dbloc
- It's a possible, not dogecoin itself, but opens new markets. Thanks for being specific dbloc that's all I was after. :DZOOP
- ukit20
Seems like this is a danger for any cryptocurrency right? That someone could hack the wallet site.
- ZOOP0
^Every single form of electronic currency is susceptible to theft, the fact that dogecoin was stolen just shows that thieves see it as valuable. Silliest currency to ever take hold, but I simply see it as a new way of thinking about currencies as a whole.
Accounting for as many variables as possible, take your opinion of popular culture currencies to it's natural conclusion. Take the next most likely one to it's conclusion, and so on.
Look at this in terms of the maximum possible number of different encrypted currencies, you choose how you want to diversify investments across the market. No currency is 100%, silly basis or not. I don't think dogecoin is the new currency by any standard, but instead points to a new direction.
I can't wait to see what the next creative collaboration will be. Who knows, it might even come from Qboners.
- chossy0
This is from that podcast by a guy who has invested 50 million in bitcoin companies.
"ANDREESSEN: One of the things ... that’s been missing on the Internet for 20 years is kind of a native concept of money...The ability to very easily pay somebody online, the ability to very easily charge for a piece of content, the ability to very easily exchange a digital title, or a digital key, or a digital contract has just been missing because you have no mechanism for establishing trust. And so Bitcoin basically holds the promise of being the first solution to establishing trust over an untrusted network."
Hey Andreessen I use paypal. Also LOL establishing trust.
- formed0
Until there is some sort of insurance nothing will get to the mainstream. It's just speculation at this point.
Perhaps it will change the world, but it has a long way to go before people trust it.