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http://bitinfocharts.com/comparison/activeaddresses-btc-ltc-doge.html#3m (http://bitinfocharts.com/comparison/activeaddresses-btc-ltc-doge.html#3m)

It also has the MOST transactions and unique addresses sending coins, as well as the most evenly distributed wealth OF ALL OTHER ALTCOINS.

http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6m (http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6m)

http://bitinfocharts.com/comparison/sentbyaddress-btc-ltc-doge.html#6m (http://bitinfocharts.com/comparison/sentbyaddress-btc-ltc-doge.html#6m)

http://bitinfocharts.com/comparison/top100cap-btc-ltc-doge.html#6m (http://bitinfocharts.com/comparison/top100cap-btc-ltc-doge.html#6m)

High or low price, Dogecoin is being USED.

Was there ever any doubt?  It's pretty obvious just looking at the community behind it that the coin is alive and well.

Lotsa doubt if you merely go by the grave-dancers 'round here. In fact DOGE's real user adoption stats are a good illustration of why you should "Always Do Your Own Due Diligence." Even if it includes gettin' hold of facts 'n stuff. ;)

does this mean the teenage meme loving millionaires will be buying soon?

So what are DOGE's real user adoption stats, if they are not these, which blow all other alt adoption stats out of the water:

http://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

I could make millions of "active" addresses for any coin with a simple mixer

Doesn't mean anything except the clueless meme fanboys are passing the same coins back and forth with tips

Actually it means everything. Dogecoin exists as a relatively famous and successful tool of trade independent of your opinion.

You wouldn't make millions of active addresses for just any coin because 99% of the time there is absolutely no reason to.

i think the the decision to merge mining of dogecoin with a coin who was already falling like litecoin was very wrong.. we have been heading down since then.. we need to innovate if not the price will continue to fall.

i call bullshit on that simply because it previously had been the no. 2 coin on planet earth.
it attracted NOOB Tweens from across the globe..
nobody doubted it got popular.
proving it has active addy's means fuck all really.. and what criteria is being used ? (i don't want to read links sorry)
as in at what point does the addy be considered dormant ?
The coin has only been out a short time in reality too.

merge mining was dumb in my opinion but what can you do with a coin that was designed form day one to be a clone with new icon and name ?
it's like trying to polish a turd LOL

and they need to be careful making changes too.
like changing the algo or what ever..
if guys can sit around Asic mining them like Coindesk notoriously did and they went X11 or something
this would not be fair to new users..

biggest complaint i have heard is the Maximum coins aspect.. no idea why they changed that way back, seems dumb to me.

it's doomed and all i have ever heard is community this and community that.
but we are not here to invest in communities.. we are here to invest in coins.. a tangible product.
if the only good thing you can say about a coin is it's got a good community then RED FLAG Hhahaaa
that is like saying a late night talk show has the best band LOL

lots of "this or that" on a shitty CLONE coin with a meme dog icon on it means fuck all sorry.
hell even a clone coin that takes things seriously is FAAAAR more valuable than this shitty joke coin. (such as Franko)
Franko = good and Doge a piece of fucking shit lol
And Franko has ALWAYS had a good community too so uhhhh

I can make that assumption for any coin out there.

What is your point?

I should have stopped reading right there...

If you want to invest in coins for short term gain, then by all means go ahead.

If the only reason you are putting money into a coin is not because the coin has some inherent utility, but because you hope someone will buy it from them for more later, then it'll predictably collapse.

Tenebrix, Fairbrix, Darkcoin, Auroracoin all had great innovations, but in the end, no one uses them.  Darkcoin is still around, but there isn't enough demand apparently to keep its price.

Dogecoin has utility.  Litecoin has utility.  Bitcoin has utility.

NewANONcoinX15 is AMAZING for making a quick buck, but it won't be around for long.


Dogecoin price may continue to fall, but at some point, the demand from utility keeps it around, and that is the real value of Dogecoin.

Well said and spot on.

Anybody who disagrees with this, have you made a shitcoin in the past?

I BET YOU HAVE!!!  ;)

What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.

I'm talking utility in the sense that people are USING it.

Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6m

Highest number of transactions of any altcoin since 4 days after creation, and every day since then.  This doesn't even include the large amount of tipping transactions that happen off the blockchain.

People use Dogecoin.

What is REAL utility to you?

that chart shows it all, i think the price decline is because of severe inflation, this means, miners are dumping almost 100% of what they mine, and there are not enough buyers currently, thats the sad reality.

there is no reason to try to say it will skyrocket from nowhere.

https://i.imgur.com/rwxJXP4.jpg

It better not skyrocket from nowhere.

I would love to be a part of just one cryptocurrency where pumps and dumps do not happen.

I'm sure there are 1000's of people who would like to be a part of non-PnD's. Count me in if you ever find one, would really be nice to see & know the next day isn't going to be a huge disappointment when looking at the market. Then having to wait months or even years, hoping not to forget about the 1 out of 1000 wallets sitting on a USB/SD/Paper wallet somewhere ???

Name:    thatguy3
Posts:    35
Activity:    35
Position:    Jr. Member
Date Registered:    November 25, 2013, 04:21:38

i never made a coin so you lose.

you did not answer his question.. you gave another vague reply.. you fail *again.

According to the links in the OP, DOGE hasn't the highest number of active addresses. Wtf you trying to pull here OP?

So you really believe that utility (aka adoption, aka real-world application) adds no value to a cryptocurrency? If that's not your point, what is it?

Utility is use value, so strictly speaking anything used has utility.

But throwing the word "utility" around is a bit silly. When we use the term, we mean that it has properties that lead to a net gain for society.

Doge's net gain consists of silliness. Yes, I guess that is net gain, but it's a silly net gain.

Dogecoin STILL has the highest number of ACTIVE ADDRESSES of all the altcoins.

Net gain for society is EXTREMELY SUBJECTIVE.  Is that your point?

Is charity utility for you?

Is tipping utility for you?

Is the experiment of static block rewards utility for you?

Why does something need to produce a net gain for you to think it has utility?

If you think so...

What is REAL utility to you then?

Oh boy, maybe I should learn to read the headline much more carefully... sry!

FTFY


LOL yeah, should happen any minute now!

So after reading the entire thread, you thought to yourself, "hey, this would be a great addition to the discussion!".

What point are you trying to make?  Dogecoin price should be at the level of demand, I guess that hasn't been reached yet.

Dogecoin needs to increase ~800% to reach back to it's peak value.

Litecoin needs to increase ~700% to reach back to it's peak value.

I guess they are both dead...

The problem with Doge is that it has no apparent functional utility in comparison to the other alts.

So then why are people using it more than the other altcoins?

Because many(!!!) people learned about doge first. They received tips and then used that to play around. Think of doge as the Weed of cryptocurrency. A gateway drug currency :p

Because there's a lot of coins to be thrown around.

That's the fun of doge, being able to transact in these large denominations seemingly without worry that you're losing anything.

I use Doge often to exchange because it easy to get and it's highly fungible, that doesn't mean I believe in it's model or future value.

You just listed one of Dogecoin's utilities.

Why would someone use Dogecoin and not Litecoin for exchange then?

He didn't say litecoin has more utility, or did he?

I think the problem is, that a coin has no reason to exist if it doesn't offer anything unique. Sure it will stick around for a few years, maybe 1-2 decades, but it will get lost in translation once other, superior techs and networks take over the market completely.

DOGE has utility for tipping and micro-transactions, the cost of a transaction is currently 1/50th of a cent...
It's the most secure and cheapest form of micro-tipping which plays into # of transactions and active addresses

The price could easily go 5X from these levels (although I still don't think we've found a true bottom yet)

Maybe it's people moving their coins to an exchange ready to be dumped?  :D

I would take these stats with a pinch of salt. They are pretty meaningless on their own.

not counting addresses lol

based on what criteria i don't know.. (sorry i don't visit external links)

funny how not 1 guy has said how they were calculated in this topic.
and i was mocked and laughed at for suggesting the OP prove it.
sorry i don't take peoples word for it in crypto lol

i also did not say the info is false..
just that i call it "in question" ...is this data verified by some of the more skilled guys around here ?

it's a useless stat.
i argued with people before and posted a chat log of me stating Doge had super higher volume numbers on most exchanges not long ago.
and i said that because it was true.. all you had to do is look.
i'm all for facts and stats that is fine but volume and wallet usage means what though ?
i never claimed anything other than it had high volume before.. not that that it meant some grand point like Doge is so great LOL

it's a popular coin.. people were PREVIOUSLY making a lot of money off it dumping it on idiots and day traders..
the day traders mostly bailed.. enough to kill the price off and if there was a strong demand for it the price would be higher.. but it's not.
so how is the price in a severe decline for many months now and yet we have the odd random guy proclaiming Doge is so great ?

sounds like the 'ole bag holder blues to me lol

Doge is the best!!I love Doge!!!

How did you know Dogecoin had super high exchange volume since you don't trust websites that display that information?

The data is from bitinfocharts, which is THE source for all this information.  It tells you how each factor is calculated.

If you bothered to actually read what I have posted, you would realize that I discuss that the demand for dogecoin has not been at the same level of supply for a long time.  The price may still go down until that level is met.

The point was, that at some level, there will be demand support because people actually USE Dogecoin. As long as that is the case, the price will never be zero.

Then I linked to several important data sets showing the highest number of transactions and higher number of UNIQUE addresses sending coins of any of the altcoins, regardless of what price Dogecoin has been in the past or currently.

Dogecoin even still has a relatively high volumes 500-1000BTC, which have been the same since 2013.

They would be meaningless if they were a snapshot of one day, but they are a consistent trend since 1 week after Dogecoin creation.

Regardless of Dogecoin price in the past, the stats are still the same.

just keep buying guys  - Doge bot will pump this baby !

lolz.

You're both right. Dogecoin, in its way, has achieved critical mass for use as a real cryptocurrency. Granted that this critical mass hasn't shown in the price, but there are other factors driving its price down. A helluva lot of supply on the exchanges has to be countered by a helluva lot of demand. There's still enough enough demand to keep DOGE's volume near the top, and its bear market slow rather than sudden.  

The tx count from the blockchain...the blockchain don't lie...

It's current utility (as crypto pocket change) is why many are not stoked about its future. What happens when it becomes easier to transact in smaller denominations of a crypto that's not flooded with a hundred billion coins on the market?

go doge  8)

It still won't be the same. It can be confusing and seem silly to people to have to deal with BTCs, Bits, mBtcs, satoshis, and etc. while Dogecoin without denomination is a perfect amount for tipping, plus it has already established a good tipping culture on Reddit, Twitter, and Facebook.

There is an utility in it, but the worth of a crypto currency doesn't need to be in the millions to achive this. This is an inherent problem, leads to a bad store of value and a high dilution through inflation.

Many addresses transacting pennies, when not fraction of pennies.

Still not a sign of recovery

No doubt Doge has one of the large communities behind it and that's why high number of addresses but sadly even with all these Doge is lagging behind.

I can remove over 15000 DOGE addresses by sending my p2pool payouts to a single address. "Active" addresses doesn't mean shit. It means even less when idiots are tipping five DOGE to each other.

I "removed" over 1500 LTC addresses just a few weeks ago, and I can easily make another 50k LTC addresses by sending 0.001 LTC to 50k different addresses. With 0.001 LTC in each address, they'd likely still have a higher balance than most of those DOGE addresses.

Anyone using the "tons of active addresses means the coin is thriving!" argument has the IQ of what the majority of those addresses have for a balance: about 10.

The psychological effect of spending large whole amounts over fractional denominations. Yes, I suppose there's that.

First off, tipping happens off of the blockchain, so those addresses would not be included in the link to the data I posted.  Your IQ must not be that high if you couldn't realize that.

You made my point against yourself all on your own.

The active addresses does mean something when you make the assumption that there are people like you in every coin.

I'm sure there are others who make and remove tons of addresses for every coin.  Why would you think that you are special?

Great job wasting money on transaction fees by sending 0.001LTC to 50,000 addresses, must be a really high IQ you have....


Here is another one for you to look over: http://bitinfocharts.com/comparison/sentbyaddress-ltc-doge.html#1y (http://bitinfocharts.com/comparison/sentbyaddress-ltc-doge.html#1y)

Number of unique addresses sending coins per day.  Still the highest of all altcoins.

I guess it must just be a botnet making addresses and sending coins at a loss of transaction fees every day since Dogecoin's inception?

Users have to begin somewhere; people who make transactions of a few pennies today might be the investors of tomorrow.

Dogecoin's tx fees were so low at the beginning (and still are now) that it caused massive bloat in the blockchain (your link proves this). Yes, people were sending extremely worthless tips over the blockchain and paying no fees; you can still send meaningless tips with low to no fee. People still send idiotic tips to each other over the blockchain. Every time one of those moronic tips are sent, a new change address is created with another idiotically small amount of coins in it. I know from experience that most tips on reddit or IRC tip bots are withdrawn within 24 hours, even if it's a meaningless 2 cent tip (like most Dogecoin tips).

You should probably get your head out of your ass.

It needs to produce a net gain because "utility" actually means "useful". So without a gain, there is no utility. I tagged the society bit on because utility and society go hand-in-hand. A whole philosophy was built on it, called Utilitarianism.

And, regarding your other point, a net gain for society can be subjective, but not always. A net gain for society can also be tyranny for minorities.

But anyway, I even doubt Doge has utility. It loses people money and promotes silliness. Neither of these is good.

 

This guy on reddit just found the strength to do that.

http://www.reddit.com/r/Bitcoin/comments/2cuj76/after_denying_it_for_too_long_i_decided_it_was/ (http://www.reddit.com/r/Bitcoin/comments/2cuj76/after_denying_it_for_too_long_i_decided_it_was/)

Who's next?

How do you KNOW the dogetipbot or IRC users withdraw their coins within 24 hours?  Did you just make that up? You talked to 6 people?

What point are you trying to make?  You just told me that people use dogecoin for tipping.  Why does the amount of coins in each transaction bother you so much?

The average transaction value is ~$200 USD. http://bitinfocharts.com/comparison/transactionvalue-doge.html#1y (http://bitinfocharts.com/comparison/transactionvalue-doge.html#1y)
I would love to know the median and mode though.

This Bitcoiner just joined Dogecoin....

http://www.reddit.com/r/dogecoin/comments/2cvj8f/long_time_bitcoiner_i_saw_the_post_about_the_guy/

Your point?

Clearly doesn't understand how P&D's work. He'll learn. :D

While I fully agree Dogecoin was pumped and is still being dumped, it does not have much to do with this thread topic.

Your head is so far up your ass that you can't seem to understand that all those new addresses that you have a boner for are full of worthless amounts of coins. I can also tip 0.001 to 1000 people every day and get tens of thousands of new addresses with balances on the blockchain. I can also remove the balance of tens of thousands of addresses by sending all of the coins gathered in thousands of my addresses into one address.

The amount of addresses with active balances doesn't mean anything. Ten thousand people with one address each can be using the coin, or it could be 1000 people with 10 addresses each. The reality is that Dogecoin isn't actually used, it's tipped in meaningless values to random kids who join IRC or post on reddit--the kids withdraw the miuiscule amounts because the value of the coin and amount tipped is meaningless, and the minuscule fees are also meaningless to the people withdrawing.

Once again, get your head out of your ass before you try to talk about some topic. You are clearly uninformed and only mimic whatever useless information other dumb kids tell you. Stop doing that.


PS: I know that the majority of people withdraw any tiny amount from the bots within 24 because I run multiple tipping bots.

Yes, highest number of addresses, but more due to the other coins incompetence than Doge's merit.

Also equality is not good with low wealth, so everyone is equal in pooverty.

I guess the MILLIONS of USD transacted in Dogecoin everyday is meaningless to you...  How does that amount to not actually being used?

I guess EVERY dogecoin user must be sending THOUSANDS of transactions/day, to inflate the active address numbers JUST to piss you off?  Why do you speak for all Dogecoin users?

You are straying farther and farther from your point with every post you make.

The blockchain speaks for itself, you cannot say dogecoin isn't actually "used". 

Should i get some Doge's or not? i really don't know what alt coins to invest in

I haven't strayed from my point in any of my posts.

You are one of those idiots who was told that "AuxPoW" is being enabled in Dogecoin and that "it's not merged mining" and you believed it. Someone told you that "Dogecoin is super amazing and everyone uses it so much" because "there are more addresses than any other altcoin;" you weren't told that all of those addresses had two cents worth of coins in them, though. The only coin with more addresses is Bitcoin, and the only reason Bitcoin has so many more dust addresses is because their blockchain has been spammed with gambling dust for the last five years (thanks to fees that were too low).

You clearly don't understand the actual technology behind cryptocurrency; stop making a fool of yourself.


It would be especially stupid to buy dogecoins right now. The Dogecoin network is about to fork to enable merged mining. A massive amount of Dogecoin is going to be dumped by Litecoin miners.

I feel like if I presented you with the same information about Litecoin, you would have a different opinion.  You have not provided any proof that the ALL active addresses have ~2 cents in them.

You also realize that 90mil Dogecoin (26BTC) is mined everyday, representing 2.5%-5% of the daily transaction volume.

That is by no means "a massive amount" and this assumes ALL mined coins will be sold, EVERYDAY.

Most coins already go to multipools, so really, not much will change.

Don't invest in the Doge as Doge will be forked in upcoming days and market may move either way.

These stats could be fabricated pretty easy no?

Yes, they are no real indicator.

But this is an inherent problems with cryptos generell. You can easily fake transaction volumes. Not only is there always a change address, but you can just send millions of USD back and forth, pushing the volume, without really costing anything..

Damn, the "multidoge" wallet take hours to be online, one hour and still connecting.. and its the "lightwallet".. i think i will sell this shit besides its diying, there isnt a decent client wallet outhere.

wonder when dogevault is coming back.  ;D

I believe there's more chance of the price going up. I mean, really, can it go any lower when it has been many weeks without a significant rebound?

And the spike in network security should convince a few people to invest.

why dogecoin is still scrypt? they might change it to something less "farms rape"

All algorithm makes a coin easily rapable by farms. GPU farms are a things, and botnets are a big problem too for some of the new algorithms.

Unless you were speaking about PoS.

some algo are at least more energy efficient, and is certainly better to be raped from gpu farms than asic, where one guy can do a 51%

ASICs are very energy efficient and getting better all the time, I don't think GPUs with any other algorithm could compete with that.

And I don't see why there wouldn't be a huge GPU farm where someone could do a 51% attack by himself.

are you serious? to do a 51% attack with gpu you need a mega farm(something like 40giga in gpu, even with x11 algo it's impossible to achieve for one miner), with scrypt asic you just need one asic or a small farm

there is no comparison, and the price of one asic scrypt miner, soon or later will become prohibitive for casual mining(this will only make 51% more easy cough ghash.io cough), same pattern as bitcoin

damn that font is a killer.