Bitcoin Forum

I've been thinking about publishing this since Dogecoin first came out, but have been afraid of the flame :S.

Well anyway, here it is updated and released.

http://www.wallstreetcrypto.net/2014/01/dogecoin-vs-litecoin-nothing-but-truth.html

Dogecoin has evolved from being a joke to serving as an essential bridge between cryptocurrency and the mainstream.  It has the power to attract a demographic previously untouched by Bitcoin and Litecoin.  In addition, Litecoin has been a somewhat 'lacking' number two to Bitcoin lately, so in such a competitive environment what really makes Litecoin any better?


Nothing...

what a crap attempt and trying to pump dogecoin.


Dogecoin better then Litecoin ahahahah

I think the most possible Doge will be the second and maybe the first cryptocoin.

Litecoin don't offer any different than bitcoin, and now it have the problem of mine it takes more expenses than benefits. Doge either offer any, but its cute, the memes are helping to make it attractive to  any kind of person. And the community its using it a lot for any kind of things. We can use doges on reddit or twitter and pay easily with them and that its the power of doge. Some websites offer the option to pay with doges, many games, gamble, ponzi scheme, mobile payments...
The most used coin will be the one offers easily payments for stupid people with their phones and with any extra than credit card. By now i think it will be doge, and i only expect it arrive in few months maybe 1 year to 0.1$.

/rant

Dogecoin doesn't bring anything than a ridiculous and empty meme.

The only strength it has is the number of idiots who find it appealing for now.

And what coin offer any really interesting? I just say, the meme attract to mainstream people, and if the community of doge make easy payment system and any advantage vs credit card like lower taxes or lower fess or i don't know it will be the new bitcoin. 

Hear the Litecoin shills being affraid.

"First they ignore you, then they laugh at you, then they fight you, then you win."


People need to acknowledge that Litecoin is just an empty shell. There is nothing attractive to litecoin because there is nothing. It's just a hub. It exists because people buy LTC to buy other altcoins and mine Litecoin to sell it for fiat. Litecoin is fugazi.

http://www.youtube.com/watch?v=oEJza1-4zRk

FTFY

Some people there are not from English spoken countries and make some spelling mistakes. Why you don't try to learn other languages and we will check if you make any mistake.

lol?

Lol

I'm not from an english-speaking country as well.

This was not a grammar correction, it's a dogecoin joke

And when the mining stops who knows. At least with LTC you can still mine it.

Don't be dissuaded by their hostility. They are afraid that they will incur loses as a result of acquiring and hoarding certain coins. They are afraid of things like this -  Oprah Winfrey reality show backs Dogecoin:

http://www.ibtimes.co.uk/raining-catcoins-dogecoins-opray-winfrey-reality-show-backs-animal-cryptocurrencies-1434629

and like this - Dogecoin becomes 5th most valuable cryptocurrency in the world.

http://www.ibtimes.co.uk/dogecoin-become-fifth-most-valuable-crypto-currency-1434544

Yeah, I was wondering what demographic group that is? 8-14 years olds? Which grown man spends his time/money with/on a coin based on a picture of a dog and absurd language.

I can't not imagine that there is one CEO of a major company out there who doesn't think this is a joke. I hope that Dogecoin doesn't undermine Bitcoins fragile image of a serious technological and finacial innovation. Most people still think it is some nerdy online hacker gambling "money". Dogecoin doesn't help.

Community is very important for success of any open source currency. Dogecoin has huge and welcoming community. Also higher network hashrate than litecoin. Higher profitability than litecoin since day 1.

And please dont tell me that people just mine dogecoin and convert it to litecoin, because that aint true anymore.  500 millions dogecoins are mined everyday and will be mined till reward halves in next 10 days. At current price its close to 1000 BTC. If everyone is mining dogecoin just to sell it price of dogecoin would not be rising steadily.  Just imagine!  dogecoin community is  attracting thousands of new members every day.

 Checkout http://www.reddit.com/r/dogecoin/  and see the tips flowing constantly  to "new members" and "in need members" of the community. Trust me you all will be converted to dogecoin believers after spending 10 minutes at their subreddit. Its fun, welcoming and very generous community.

You mean like SilkRoad, childporn, hackers and the recent arrest of the CEO of BitInstant? Those are some of the things I hear when I speak to friends who know little about Bitcoin . Say Bitcoin and the first thing they say is "yeah, isn't that used to trade childporn, or to buy drugs". So when the masses equate Bitcoin to hackers and drugs, I'm not too sure that they'll embrace it.

Like you, I too hope that Dogecoin doesn't undermine Bitcoin's well established reputation of being a tool for criminality. Let me add that you and I both know that such a belief is erroneous, but reputation matters more than facts.

But I think that you might be disappointed to learn that if you do a Google search for "cryptocurrency" - one of the first results is a picture of that silly "joke" coin. Sorry.

To be honest I've been thinking this for awhile now too (and I used to think dogecoin was junk). 

What If Dogecoin reward wasn't 500,000 units from day 1, would you mine it anyway?

Just remember that Bitcoin value is something around U$$800,00 just because people believe that... ( I believe too).

The currency gonna have it's value.... because of you and me!!

In doge was no technical thought put into its design as it was conceived as a joke...and although the community is rallying behind it right now, that meme is going to run its course and it'll fade into obscurity and it's trading will be like ftc.
Bitcoin and some others coins with innovation is where it is for one reason - global demand. Dogecoin's demand exists on web forums and that's about it.

This the alt coin section so no idea why anybody cares if you pump an alt coin.

I am an addicted alt coin trader because i have been very fortunate buying litecoin, applecoin, kittehcoin, and yes dogecon before they had their runs. Yes I sold them because I perceive most coins as just for fun and my only prayer is not to lose my precious Bitcoin horde.

Here is why i am back into dogecoin

1) this great thread on money\confidence flowing into each coin

https://bitcointalk.org/index.php?topic=430639.0;topicseen

DON'T BE STUPID AND PRIDEFUL PEOPLE, DOGE REWARD HALVES IN TWO WEEKS, THOSE DOLLARS SHOW ZERO SIGNS OF SLOWING DOWN AND WHAT HAPPENS WHEN THE REWARDS HALVES!?!?!?!? I think everyone is a bit naive and stupid not to recognize what DOGE has become.

2. Reddit online count is always more than bitcoin and their total members is half bitcoin and crushes everyone else

3. Only coin that has a clue what community and marketing is about. DOGE is in the news every DOG GONE WEEK.

4. network hashrate is bigger than litecoin.

http://www.google.de/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CDEQFjAA&url=http%3A%2F%2Fwww.reddit.com%2Fr%2Flitecoinmining%2Fcomments%2F1vsd1g%2Fdogecoin_just_overtook_litecoin_total_network%2F&ei=G7HrUtLnFsad7QbF8oCYBw&usg=AFQjCNHBGPMDR8dxPBFbhvFRfgXWyaIl7A&bvm=bv.60444564,d.bGE

5. ALL coins are done mining in 14 more months

6. halving is very fast

7. it is a gpu coin so mining diversity  and numbers will continue to grow

I think DOGE has crushed the endless attempts to crash the coin. Now everyone will either be on the train or waiving as it rolls on to crush rivals on the way to #2 crypto coin in a few short months.

If you disagree, feel free to refute the facts i posted, rather than cry about a scam or stupid meme. The theme or the tech of a coin mean nothing to most of the world and doge has that figured out.

Bitcoin was first to come but in no way technologically superior to any altcoin. And "webforums and thats about it"? Really? Facebook, twitter, youtube, reddit are all webforums in one way or other where dogecoin is currently being used or will be used for tipping. And for real world use, I suggest you have a look at dogecoin subreddit. http://www.reddit.com/r/dogecoin/

This, when the litecoiners pointed half of their hashing power to doge and tried to dump it. It dropped like 2 satoshis. This points out that dogecoin's rise is inevitable. Resistance to this is futile as people like it more than litecoin, Doge will surely rise above litecoin. I'm willing to bet a $100, that doge will.

The source article is a little click-baity and I don't think anyone in dogecoin wants to see litecoin's value fall or thinks that dogecoin is a better coin.  The community respects, values and needs all the development work that litecoin has achieved to date.  I believe that a rising tide will lift all our little boats and we should all work together to bring as many new people into crypto currencies as possible.  

To that extent we should all be supporting dogecoin.  They are bringing in users faster than any other coin and increasing the number of dogecoin addresses at a faster rate than any other coin including bitcoin.  Please remember that Bitcoin is tiny and only has somewhere between 1 and 2 million active users.  The PR dogecoin is doing is invaluable to the whole community so if you are at all agnostic I would suggest getting behind this tipping thing and bring someone new to the table.

And when mining stops? Is it to end like in a month or 2 or am I wrong? If that happens, your just left with "investing" and that is going to turn off 75% of the people who support it now. Much of the fun is mining any coin

I am not the best authority on this, but I understand dogecoin will be mined out mid 2015.  It is unclear at the stage what will happen next. Currently there is a 5% inflation built in, but as that is something of a bug the developers plan to see what happens to other coins that get mined out first.  They are planning to take a pragmatic approach.

I think Quark is one of these coins and has a similarly inflationary principle, but correct me if I am wrong.

well if that is the case the coin has some time then.

But then again I recall all the hype with feathercoin. Where is it now? Some of us been there and done that.

The hype and the PR is the only reason I am pro doge.  I feel it is what bitcoin is most sorely lacking.  The hype may die down, but if there is a fair wind we will have recruited some new people who will just switch to bitcoin which is fine by me.

The feathercoin hype was a pump and lasted 3 days? This hype is already lasting 3 weeks.

So many back and forths each day with DOGE. For some reason though, when I look at DOGE, it reminds me of the Macarena or Gangnam Style. So yeah, the hype is gonna last a while, but I'm still not convinced that this has long lasting and staying  attributes. Just my thoughts...

Maybe.  Lolcat is 7 years old this year and continues to make millions for Cheezburger.  Some meme's are better than others...

What happened to Dogecoin at Cryptsy??? I cant see the balances and pairs!

That is true. Although from what I can tell, the market share (not revenue) of Cheezburger has gone on a stagnant/slightly downward trend these last few years. If DOGE was to stagnate in market share, that would be a very disastrous thing for DOGE (because of the mining protocol). As a note, I haven't put a ton of analytics into this stuff, so even I'm taking my views with a grain of salt. The only way to really know things is by waiting.

It looks like they are updating the wallet to 1.5.  These blockchain downloads are a pain.

Litecoin's demand is basically only on web forums as well. It's really not useful for anything.
Aside from our insular communities on bitcointalk and litecointalk, a lot more people are aware of dogecoin.

LiteCoin, the number 1 coin for buying other coins.

Litecoin is far better than dogecoin litcoin has been very successful and will continue to be successful as doge will probably be forgotten about just like ripple.

Say anything you want about the argument but we have never nor will we ever publish articles for the sake of 'pumping'

LTC bag holders are in complete denial. HASHRATE, VOLUME, COMMUNITY. The game is already over, LTC is dead coin walking.

DOGE halves this month.....

While i disagree that anything is going to come of DOGE longterm, i think this has definitely shown that LTC doesn't offer anything.  It's strength was support, which a large portion of that jumped off to mine a more profitable coin.  It isn't the fastest coin, it isn't the first scrypt coin(contrary to what some of the newbies around here believe), and it hasn't built anything like what Worldcoin is with Scharmbeck for example.

and so did BitCoin ..

lets face it..  How did BitCoin became what is now?

We see new coins released every day. They come with sparkling graphics in the announcement thread and a promise of xxxxxxxxx coins and a reward of 100 coins per block. People mine them, a few lucky ones manage to make it to an exchange. Some die off due to lack of interest.

However I haven't seen a single coin come out in the last year that is actually used. By used I mean beyond buying up hordes of them, reselling them. You may as well be selling wireless extension cords, boxes of pure air, sandpaper toilet paper.

So many new coins with so many new promises, faster transaction times, the ability to add a message to the coin, NXT, Doge, Etherum, blah blah blah....

Yet we still don't see anyone implementing all the dozens of new coins coming out every month.

Go back to the very beginning, go back to the days of BTC and LTC and even those pioneers are still having a difficult time being adopted by e-retailers.

Litecoin has more hope than Doge ever will. It's about $20-22 per coin. At this point though people are too fixated on trying to get rich by pumping the newest coin out there, nobody ever stops to ask, "But what is the coin good for, what will it ever be good for?"

I support both and am holding both.  Who has the better development team anyways?

That's what makes Dogecoin interesting to me. People are actually using it instead of just holding and speculating. Reddit's dogetipbot reached 30,000 registered users today. Activity on Dogemarket continues to increase daily. The total value of transactions per day (in USD) is second only to Bitcoin. People may grow tired of the meme and there is the real risk that interest drops as mining rewards drop, but it's pretty amazing how quickly the community has grown. No matter what you think of Dogecoin as an investment, it's a demonstration of how important marketing and community building are to the success of an altcoin.

If Dogecoin proves anything its the value of community.  No one can deny Dogecoin has become the currency of charity and tipping.  Economically a currencies value is defined by its liquidity, and Litecoin just hasn't been able to keep up.