In fact, I have, and some are even working on their own coins to improve on bitcoin's flaws. What do you mean by that exactly? Senior or hero member in forum terms is a conservative person who has a nice stash of bitcoins and they'd rather not do anything and just watch their bitcoins appreciate indefinetely. Not gonna happen. Sooner or later something's gotta give. Stay alert and be prepared, no need for a rude awakening here if you can proactively take care of that individually researching and diversifying into a few alts of interest. Luckily, some senior and hero members understand the implications of inertness and work to address various issues.

oh wait, you said, 'to attract miners'? no, I meant correcting bitcoin's flaws, they propose and act. Some of them.

Two things:

- there must be automatic conversion and withdrawal to USD/other fiat currencies.
- eCommerce platforms easy plugins available, like Magento, etc.

Not all are clones, there are a few with code written from scratch with interesting features, and a few alts modified from bitcoin's code with changes improving on bitcoin's functionality, that bitcoin will most likely never adopt because of its size of a behemoth. Of course, 95%+ are dumb clones, and they are confusing.

I don't see that much trouncing lol.

QCN - one part time dev, devs can be hired, you know.
FCN - no syncing issues here.
MRO - TacoTime&Company - that's how many devs exactly, what are their backgrounds? I am genuinely interested, tell us more if you know something.

the price is not relevant at this point, it's just the start of the game, and one big whale with vested interest can move the market a lot while it's in 0.000x-0.00x range, which is not so easy for a whale in the 0.00x-0.0x range.

chill, chill, miners are as important as investors, there has to be a compromise here for everyone's benefit.

Bitcoin is being held hostage by its miners, it's too late to change anything in Bitcoin, miners simply won't let it happen, they dumped millions of $$$ into hardware. Bitcoin is an accident bound to happen sooner or later with their mining network. Dogecoin still can change something and prevent such accidents by introducing multiple independent algos, be it all strictly PoW algos or PoW/PoS combos.


Miners would not be satisified if price keeps going down either.

Also, if Scrypt ASIC miners are not all satisfied, the network will not suffer if some of them leave, because there will be other independent algos after the hard fork making sure the networking keeps running. Or PoS. Some Scrypt ASIC miners will stay and enjoy lower difficulty and others will return later as price goes up due to worries of investors on the 51% attack possibility gone.

I am sure they research all the coins. Qora has syncing issues now, not enough peers also, how do you suppose a professional exchange is going to run it? Poloniex is half hobby for now, it can afford that, but Bter has been around for a while and it tends to deliver. It can't deliver with Qora just yet, there'd be too many complaints about sh*t not working.

It doesn't have to be PoW/PoS combo.

It can be Scrypt/X11/Groestl/sha256/whatever else combo, that would satisfy the miners, AND make the 51% attack impossible, but that has to be done, and hard fork, yes, but it's not a problem, has been hard forked before a few times. The main point is to make the 51% attack impossible, that's what investors are looking for in the coin, give them peace of mind, make sure the coin will survive and they'll send the price to a few hundred satoshi.

I start having doubts. People are wandering into different interesting altcoins, some of which are really innovative, not many, but capital is being diversified from Bitcoin. Bitcoin should hit $1k, but not before September or even November-December, I believe. It takes too much capital to move Bitcoin compared to altcoins.

What, like booze and hookers for life? Can't agree more

Invest 25-50% of what you intended to invest into Doge, then wait and see.

huh, thanx, I almost wanted to type the doge tip to you, but forgot we aren't on the reddit

Yeah, maybe extending the coin supply generation a bit longer than now is a good idea. Better now than later, while the coin is still young. Make it not 80% over 4 years, but over 6 years, which is a sort of compromise and will please all - miners and investors.

Instamine stigma, hm, well, perhaps you're right. Actually 4 years is a long time, a lot of things change over the span of 2 months in the crypto currency scene

I would keep it to at least 25% of blocks generated with the PoS mechanism, that should be incentive enough to have a very decentralized network, not prone to the 51% attack.

75% of the blocks are generated by Scrypt miners per reward schedule specifications.

25% of the blocks are generated by opened wallets, reward is given according to their stake, like they do in CommunityCoin, but should in the long run not exceed 25% of the overall rewards for all the opened wallets. CommunityCoin does that somehow, code is open source.

Tx fees go to the block generator, no matter PoW or PoS.

I am sure they know of all the options, it's discussed on reddit, but I guess they also don't know how to have the community vote. Heated discussions show a lot of people disagree on changes, especially miners who like it the way it is, because it's most profitable for them not to change anything. But miners don't have the final say, the recent price drop, which I hope will make devs reconsider what's important, showed that investors play a big part too, and they need peace of mind for their investments.

I hope they read this thread from time to time, as it's crazy on reddit, serious topics there get downvoted and flooded quickly.

I don't see how a community vote is possible technically though.

I mean PoS blocks can be set up to be generated 25% of the time, or 33% of the time, that's all debatable and can be tweaked later to 50% if there is not enough security in the network to prevent the 51%-attack, but the devs must proactively work on the code to make this happen, because Doge CAN make this hard fork without major hassle to protect its network once and for good, unlike Litecoin, which already can't, as it's too much of a behemoth at this stage.

It is worth it for the benefit of the investors. I understand, miners may object and some of them may leave, but there are enough users who will keep their wallets opened to generate coins through PoS mechanism. This will ensure the 51% attack will not be practically and even theoretically possible. Miners are an important part of the infrastructure, but nobody can deny that they dump a lot of coins on the market, hence if we care about the price, we should care about investors and their concerns, the main of which is the security of the coin. PoS will ensure the coin cannot be killed. Once that is out of the question, the price will rebound, and many miners will return. Doge is great for internet payments and has a friendly face, so why not make it perfect.

As for % of interest, that shouldn't be tinkered with much. The coin supply should stay the same, just like investors know it today (100 bln + 10k rewards for life = 5 bln. yearly). The block rewards schedule should stay the same, except 50% of the blocks must go to Scrypt miners, 50% of the blocks must go to PoS miners (randomly or according to their stake, this is debatable), the main point is to make sure half of the blocks are generated outside the gigahash Scrypt network, which can be hijacked by someone with a lot of power.

Doge could go Myriadcoin-style way, but PoS would make sure the only way to perform a 51% attack is to buy 51% of the coins in existance, which will drive the price many fold and is not practically possible. With a few PoW algos it's still possible to buy a lot of hardware, so I'd say the combined PoW/PoS method is best.

Doge must do a hard fork. It did a few hard forks in the past, so this is no issue for it.

The purpose of the hard fork is to eliminate the 51% attack possibility in the future.

It must implement a 2 independent algo system, one is PoW Scrypt (same as now), one is PoS. This will ensure there is enough mining power to keep it running as well as not ever be attacked thru 51%. The money supply rewards shouldn't change, same coin supply should stay, it's a non-issue in the big scheme of events. 100 bln coins + 5 bln yearly is perfect for an economy, where 1 doge will cost one or a few USD cents in the future.

This step, or similar that includes more than 1 independent algo, will ensure longetivity of Doge. It's perfect for Internet tipping, micro transactions, small and medium sized purchases, but something should be done about the security of the network in the near future. Investors can't invest and be permanently concerned about the impending 51% attack peril. The hard fork I suggested above is one of the solutions to get rid of those worries.

Current price decline is not an issue, as adoption increases, price will take care of itself. But the 51% attack possibility can't take care of itself without devs doing something meaningful about it.

hm, priced as Monero, and not even on the exchange yet, I guess I'll wait a few days

Is this coin on any exchange yet?

what's the difference between CryptoNight and Wild Keccak algos in layman's terms?