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Author Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0  (Read 3097785 times)
niothor
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March 06, 2014, 04:34:42 PM
 #18401



If I had 10k euro invested, I'd take out at least my investment capital. Fundamentally, there's no future in a "let's issue a few hundred billion coins for the fun of it". Kittehcoin died, despite a reduction to 25bn, and DOGE will die too - the coins in circulation are simply too many and the inflation is bad too. It's bad economic planning from a coin which wasn't even intended to be serious. That's my take on it, at least.

I love the stupid dog face, it's epic trolling with the "such currency", "wow" etc etc, but 10k euro? Just get the capital out so that you won't have RL losses and leave some of the profits behind if by any chance the coin goes to the moon. (Personally I'd also cash out the profit and taking the "risk" of losing a future spike).




Nope... you just don't understand how crypto's work and what Dogecoin is aiming for.... Inflation is good for doge in the long run...

You probably don't have a clue that doge wasn't supposed to be inflationary.
It was just the dev that didn't know what the variables are for , and when he found out he said... hell let's go with an inflation coin.


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Bonn3rs
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March 06, 2014, 04:46:23 PM
 #18402



If I had 10k euro invested, I'd take out at least my investment capital. Fundamentally, there's no future in a "let's issue a few hundred billion coins for the fun of it". Kittehcoin died, despite a reduction to 25bn, and DOGE will die too - the coins in circulation are simply too many and the inflation is bad too. It's bad economic planning from a coin which wasn't even intended to be serious. That's my take on it, at least.

I love the stupid dog face, it's epic trolling with the "such currency", "wow" etc etc, but 10k euro? Just get the capital out so that you won't have RL losses and leave some of the profits behind if by any chance the coin goes to the moon. (Personally I'd also cash out the profit and taking the "risk" of losing a future spike).




Nope... you just don't understand how crypto's work and what Dogecoin is aiming for.... Inflation is good for doge in the long run...

Inflation is good to secure a network but it has to be spread out over a long period. If you aim to issue all the coins in one year, then you have a problem in your hands for the future-proofing of the coin. And if you "fix" that with an endless number of coins, you are violating basic economic rules.

If you have coin A and coin B and their only difference is the scarcity of A, the price of A will be larger in the long run. This means that coin B is not good as an investment & store of value, except for quick profit making.

If you think that the founders of Bitcoin knew not of these things and that DOGEcoin "fixed" their flaw, ok, then sell your house and buy DOGEcoins. Maybe you can buy a mansion. Or you can end up homeless, living on the streets with the dogs Tongue

It's not just a case of scarcity if it's too extreme either though. Can you imagine a world where 42 coin was the dominant currency? "Oh i'll have that loaf of bread please" "Sure that'll be 3x10^-15 42Coin please". It's all about balance and my personal preference is to have a large cap and work with whole integer numbers and I feel if crypto is going to become mainstream the general public will want to work with that kind of range too.

Also, could you please tell my government that you can't have an endless amount of money? They don't seem to get that concept....

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March 06, 2014, 05:13:41 PM
 #18403

dogecoin mining is not profitable
niothor
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March 06, 2014, 05:16:24 PM
 #18404

dogecoin mining is not profitable

And how did you managed to find that out?


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March 06, 2014, 05:29:16 PM
 #18405

coinwarz.com
niothor
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March 06, 2014, 05:37:52 PM
 #18406

coinwarz.com

You're doing something very , very wrong Smiley


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Mikellev
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March 06, 2014, 05:42:16 PM
 #18407


How do we handle that ?

https://github.com/dogecoin/dogecoin/issues/259

Not many miners have that problem, but some...... Any news from the devs ?

May I ask again ?
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March 06, 2014, 05:43:37 PM
 #18408


How do we handle that ?

https://github.com/dogecoin/dogecoin/issues/259

Not many miners have that problem, but some...... Any news from the devs ?

May I ask again ?


Sorry , but this is not the best place to ask serious questions Wink


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Slipknot79
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March 06, 2014, 05:54:22 PM
 #18409

Why value so low? Sad


No future for this coin.

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March 06, 2014, 08:36:51 PM
 #18410

Why value so low? Sad


No future for this coin.
Let me guess you lastly sold all for this low price and now crying ... so while nothing to lose you shit on it to backup yourself that you didnt do wrong by leaving the ship to early ... ? Smiley

Well if you dont believe in this coin why you even "read this topic" not to mention even write here? 0.o
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March 06, 2014, 09:05:52 PM
 #18411

coinwarz.com

You're doing something very , very wrong Smiley

I assure you its even worse than coinwarz!
Doge holders have no feeling of how expensive doge mining is atm... almost 30-40% of the daily revenue is electricity
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March 06, 2014, 09:19:28 PM
 #18412

Why value so low? Sad


No future for this coin.
Let me guess you lastly sold all for this low price and now crying ... so while nothing to lose you shit on it to backup yourself that you didnt do wrong by leaving the ship to early ... ? Smiley

Well if you dont believe in this coin why you even "read this topic" not to mention even write here? 0.o


If i didnt read this thread, i wouldnt know that this coin has no future. Its that easy, why didnt you notice that?

Next halving will be at the end of april, next value drop will happen. Thats what i read in this thread lol, this coin (and all other altcoins) is losing and losing, and this halving has influenced other altcoins.
Same end of april.

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March 06, 2014, 09:20:19 PM
 #18413

coinwarz.com

You're doing something very , very wrong Smiley

I assure you its even worse than coinwarz!
Doge holders have no feeling of how expensive doge mining is atm... almost 30-40% of the daily revenue is electricity

ROFL and which coin doesn't have 30-40% of revenue in electricity? Please enlighten us http://www.coinwarz.com/cryptocurrency
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March 06, 2014, 09:38:20 PM
 #18414

coinwarz.com

You're doing something very , very wrong Smiley

I assure you its even worse than coinwarz!
Doge holders have no feeling of how expensive doge mining is atm... almost 30-40% of the daily revenue is electricity

so if the 30-40% is the cost of electricity , how the hell are running costs higher than revenue?


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March 06, 2014, 11:20:38 PM
 #18415

Small update on the markets and my thought on Ukraine

http://cryptohedge.info/market-update-and-ukraine/
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March 07, 2014, 12:20:32 AM
 #18416

Grumpycoin (GRUMP) vs Dogecoin on coinedup!

https://coinedup.com/OrderBook?market=GRUMP&base=DOGE

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March 07, 2014, 01:09:37 AM
 #18417

If you are updating the list, p2pool.com also supports Dogecoin.

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March 07, 2014, 03:00:48 AM
 #18418

coinwarz.com

You're doing something very , very wrong Smiley

I assure you its even worse than coinwarz!
Doge holders have no feeling of how expensive doge mining is atm... almost 30-40% of the daily revenue is electricity

ROFL and which coin doesn't have 30-40% of revenue in electricity? Please enlighten us http://www.coinwarz.com/cryptocurrency

+1 - what kind of asinine point was that supposed to be, anyway?

Cheesy

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March 07, 2014, 03:13:29 AM
 #18419

going to try mining this for a bit

very coin!
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March 07, 2014, 03:30:02 AM
 #18420



If I had 10k euro invested, I'd take out at least my investment capital. Fundamentally, there's no future in a "let's issue a few hundred billion coins for the fun of it". Kittehcoin died, despite a reduction to 25bn, and DOGE will die too - the coins in circulation are simply too many and the inflation is bad too. It's bad economic planning from a coin which wasn't even intended to be serious. That's my take on it, at least.

I love the stupid dog face, it's epic trolling with the "such currency", "wow" etc etc, but 10k euro? Just get the capital out so that you won't have RL losses and leave some of the profits behind if by any chance the coin goes to the moon. (Personally I'd also cash out the profit and taking the "risk" of losing a future spike).




Nope... you just don't understand how crypto's work and what Dogecoin is aiming for.... Inflation is good for doge in the long run...

Inflation is good to secure a network but it has to be spread out over a long period. If you aim to issue all the coins in one year, then you have a problem in your hands for the future-proofing of the coin. And if you "fix" that with an endless number of coins, you are violating basic economic rules.

If you have coin A and coin B and their only difference is the scarcity of A, the price of A will be larger in the long run. This means that coin B is not good as an investment & store of value, except for quick profit making.

If you think that the founders of Bitcoin knew not of these things and that DOGEcoin "fixed" their flaw, ok, then sell your house and buy DOGEcoins. Maybe you can buy a mansion. Or you can end up homeless, living on the streets with the dogs Tongue

Bitcoin could be mined for 140 years. It means bitcoin is inflation in your whole life. 5B new doge every year means, it is a very small inflation and the inflation is reducing every year.
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