It would be amazing if everyone used them but idk how we can manage to convince the general public =P
You don't have to convince. You need to discover and invent unique use cases, and the public will be interested automagically
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8. thinks that 'backed by electricity' actually means that because electricity was spent to mine Bitcoin, that gives it guaranteed value. Never bothers to look up definition of 'backed by', which actually means that you can redeem currency for the exact guaranteed amount of the underlying asset, and of course Bitcoin doesn't fit the definition.
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You can release your coin on NXT platform. Here is one example of a successful coin released on NXT Asset Exchange: https://bitcointalk.org/index.php?topic=735878.0Although Asset Exchange can be used to issue coins or tokens, there is a whole new feature called "Monetary System" in development that allows anyone to issue coins on NXT platform. Here is a draft of this feature's whitepaper: https://bitbucket.org/JeanLucPicard/nxt/issue/136/monetary-systemThey say the 1.4.0e release on a test net with this feature should be available in a week or two. Judging by their previous bugfixing track record, the feature should be released to live net somewhere middle of December. You could wait till then to issue your coin, meanwhile getting familiar with the NXT platform. But your coin better have something unique about it or target a special group or something to have value and distinguish it from all the other coins, so give it a good thought.
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Doesn't it cost nothing to attack a PoS coin? While you must use actual resources to attempt to attack a PoW coin?
Exactly, I thought attacking PoS coin is much more cost free (next to nothing) than attacking PoW coin. You guys are both brainwashed, sorry to have to say this. Either that, or you're miners/early bitcoin adopters.
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I always regret not being an early adopter of bitcoin since the price on that coin exploded.
So I want to invest in some coins hoping that some time in the future the price will have gone up alot.
I'm going to drop $300 on dogecoin but can anyone suggest any others that have potential? Maybe litecoin?
Thanks
If you don't have reasons to be against Proof-of-stake (you're not a miner or early bitcoin adopter), then NXT. If you want Proof-of-work only, Dogecoin is a reasonable choice. Litecoin - not really, it pretty much has no life - no active developers, no new projects, no active community, just a bunch of speculators around it. Most other cryptos are either not tested long enough or pump-n-dump schemes, carbon copies of Bitcoin code and don't have a long term potential. Out of all carbon copies Dogecoin is the only copy of Bitcoin code with its own unique marketing techniques and many new ideas brought to life in code, that's why it has potential.
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OP, is your goal to get rich quick or long term investment?
If it's the latter, don't look beyond Top 20 or even Top 10 at coinmarketcap.com As for getting rich quick, it's a gamble, don't listen to anyone, invent your own way of losing money.
Good question. I don't believe in quick rich scemes. Just wanting to test some of the coins and see how they do compared to BTC I believe the future is with crypto currencies! Most coins are either in bear market or at best moving sideways now, including Bitcoin. This situation could last another year, as adoption is not happening as fast as anticipated. If you want to try something really different, try NXT, you won't find anything more different from BTC and having as many features, check out NXT Asset exchange (you can view some of the traded assets in coinmarketcap on the 'assets' tab). There are a few less tested and/or less popular alternatives like Bitshares, Qora, NEM (to be released in a couple of weeks). Be sure to check out Nxtty (mobile secure app to be merged with social networking, keyword 'nxtty' in google play) and receive a bonus for signup. These above are so called Proof-of-stake cryptos. Dogecoin is not a bad idea if you're against Proof-of-stake (maybe you are not, but some folks are - they are mostly miners or early bitcoin adopters, if you're neither of those, you should be ok with Proof-of-stake). GEMS is a competitor of Nxtty, but hasn't launched yet, you might want to check out their thread and be ready when they make their announcement. But don't bet a farm on of all these, get educated, read a lot and put in a little bit of money first, don't ever invest more than you're comfortable to lose. Hope this is helpful. Oh yes, and don't trust anyone, including me, do your own research and try cryptos by yourself.
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Once I was sleeping and had this dream where all poor Bitcoin wannabes purchased Dogecoin, shitloads of Dogecoin and felt so much better, because now they had many coins, everyone could afford a few thousand. And they left Bitcoin early adopters to hold that depreciating bag of Bitcoins, while the price of Dogecoin went to $0.01, then to $0.1, and to $1, and then I had to go wake up. Follow the white rabbit.
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You got it mostly right, OP.
What a successful (generating more demand) crypto currency needs is unique use cases. It's a slow process to invent unique use cases, not all crypto currencies will survive because of that. However, if you dismiss the concept of crypto currencies altogether, you'll be wrong too. Whether it will be Bitcoin or something else, the concept of crypto will remain as long as the new use cases are discovered. But you need to frequent the alternative currencies section to be on the edge of what's brewing out there. Bitcoin only is too boring and non-innovative compared to what other cool cryptos there are out there.
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then its likely to die soon than litecoin.. when it was at 2x satoshis the bagholders released some news about it to pump it again but the reality is that it remains as useless as fuck as the first day.
The truth is, most cryptos don't have a lot of unique use cases now, including Bitcoin. That's why all market caps have been going down, pegged to Bitcoin or not, and Bitcoin itself is in bear market. That will be the race and it already is, whichever crypto offers most unique use cases - will lead the pack, the next 12-24 months will be decisive. yee.. we need another bitcoin bubble or at least a return to 800 usd so rest of alts can recover. No, we don't need no bubbles. Bubble is not what I am talking about, bubbles are bad, mkay.
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No compromised pass phrase provided = didn't happen. Spreading FUD is so common these days on this forum, but without proof it's not credible.
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then its likely to die soon than litecoin.. when it was at 2x satoshis the bagholders released some news about it to pump it again but the reality is that it remains as useless as fuck as the first day.
The truth is, most cryptos don't have a lot of unique use cases now, including Bitcoin. That's why all market caps have been going down, pegged to Bitcoin or not, and Bitcoin itself is in bear market. That will be the race and it already is, whichever crypto offers most unique use cases - will lead the pack, the next 12-24 months will be decisive.
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Can you even lose virginity with a 50-year old hooker?
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The low from one month ago hasn't been tested for the second time yet, that's under $300. Only if that holds, then the bottom is in.
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Define 'die'. Someone will always mine and accept both for money, which means neither will completely die. Unless there is a fatal technical flaw discovered or it's 51% attacked, but that attack could equally kill both at the same time.
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The flaws of PoW are well known. Please present an alternative that is superior to PoW.
PoS has been around for ~1 year now as implemented in NXT. Other varieties of PoS are being tested. Something will eventually replace PoW, as PoW is not sustainable, but it won't happen for the next year or two, at least not to Doge. If I had to choose PoW, I'd rather choose Doge than Bitcoin for many reasons.
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inferior PoW technology
Why PoW is inferior? Fiat leak from miners, expensive to maintain the network; Mining tends to centralization with all the dangers of that;
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Yeah, for the lolz or not, don't underestimate the power of humor, jokes and fun. It's a huge market, and if the fun money taps into the fun market, it could be a strong recipe for success, especially in the environment of economic recession of the next few years where people feel depressed and need something to cheer them up. In that sort of environment even though Dogecoin is based on an inferior PoW technology, it could still gather a large fan base, mark my words )
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I do not know anything about panda, but DOGE coin is definite a joke. DOGE was never meant to be serious, it is about having fun. People who "invest" heavily in DOGE with the expectation to get rich are taking it too far. Take the DOGE coin as it is: a fun coin Humor sells quite well, you know. If people adopt Dogecoin for fun, who cares, the price will go up. Looks like the latest efforts of Doge team to introduce Doge to the huge audience of twitch.tv and other marketing steps should work well for the adoption. Of course, Dogecoin is vulnerable to the same flaws as Bitcoin - Proof-of-work algo will make it centralized with time, and then Proof-of-stake or some variety of it will become standard. But for the next year or two Dogecoin's rate of growth will exceed that of Bitcoin. Notice, it's rate of growth, not absolute market cap.
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Spamming all threads trying to pump your obscure Panda )
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BS. Just a lame attempt at pumping the price
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