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Author Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0  (Read 3031469 times)
Vlad2Vlad
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August 27, 2014, 07:28:08 PM
 #21781


Some know facts:
Bitcoins highest closing price some time ago was $ 29.6 on June 8 2011 the lowest closing price on Nov 18 was $ 2.049 a decrease of 93.08%
Dogecoins highest closing price was 280 the lowest closing price 23, a decrease of 91.79%

Since that day Bitcoin has seen highs as high as 1163, a increase of 3829.05% from the 29.6 high
A 3829.05% increase from the 280 high would be 11001 satoshis



So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

iXcoin - Welcome to the F U T U R E!
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August 27, 2014, 07:35:43 PM
 #21782

cyptocurrency without any innovations is doomed to be dead,sooner or later.

This an absurd way of thinking. A good coin, must have a lot of support, be fair, and gives a lot of trust, and all the features must be fair and well design. This is not we have seen in 2014, e.g., a new X11 coins stating a great innovation, and when we look at the 'masternode' implementation, the only goal we have is stealing 20% of the POW operation. What a great innovation... The innovation word sadly hide a lot of scam operations.

You also only have to look as far as Vertcoin with its ASIC-resistant PoW algorithm and anonymous transactions, currently at  35th on Coinmarketcap, to realise that no, technology is not by any means the full picture.


In all fairness I believe what killed Vertcoin was the anon coins that also use GPU algorithms.  Darkcoin & Monero are both mined by GPU's.  Anon + decentralized > decentralized.
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August 27, 2014, 07:51:58 PM
Last edit: August 27, 2014, 08:20:15 PM by oneway
 #21783

cyptocurrency without any innovations is doomed to be dead,sooner or later.

This an absurd way of thinking. A good coin, must have a lot of support, be fair, and gives a lot of trust, and all the features must be fair and well design. This is not we have seen in 2014, e.g., a new X11 coins stating a great innovation, and when we look at the 'masternode' implementation, the only goal we have is stealing 20% of the POW operation. What a great innovation... The innovation word sadly hide a lot of scam operations.

You also only have to look as far as Vertcoin with its ASIC-resistant PoW algorithm and anonymous transactions, currently at  35th on Coinmarketcap, to realise that no, technology is not by any means the full picture.


In all fairness I believe what killed Vertcoin was the anon coins that also use GPU algorithms.  Darkcoin & Monero are both mined by GPU's.  Anon + decentralized > decentralized.

I don't think vertcoin is dead, anyway we had so many new coins lately. We had a massive dilution effect + massive scams operations pump and dumps and so on... Anyway the GPU mining is dead with these algorithms: X11 algorithm can be efficiently implemented using FPGAs, and scrypt, n-scrypt require ASICs...
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August 27, 2014, 09:13:46 PM
 #21784

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat (http://online.wsj.com/articles/snapchat-fetches-10-billion-valuation-1409088794)

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
Vlad2Vlad
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August 27, 2014, 09:37:52 PM
 #21785


You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat (http://online.wsj.com/articles/snapchat-fetches-10-billion-valuation-1409088794)



You do realize there are now over 600 crypto currencies and next year we'll have thousands, many with multi million dollar budgets and celebrity endorsements, while Doge has absolutely ZERO technological competitive advantages and is not even a secure coin (the very definition of a ShitCoin) which is the primary reason it has to merge mined with LTC and I predict that even with that addition of hash power it will still be hacked and forked cause it truly is an unsecured ShitCoin.

So then, looking at the big picture, it is a miracle for any such currency to reach $1 billion and the only reason doge may reach that is because it was launched and is secretly ran by a hedge fund, something I clearly stated multiple times last year.  If that were not the case, doge right now would be valued at 1 litoshi.

Finally, comparing any ShitCoin, like doge, to the value of Bitcoin is delusional given all the money and power in the world is backing Bitcoin and the only reason these other currencies have any value at all is because of pure speculative reasons and due to a crowding out effect.

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Lauda
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August 27, 2014, 09:42:30 PM
 #21786

You do realize there are now over 600 crypto currencies and next year we'll have thousands, many with multi million dollar budgets and celebrity endorsements, while Doge has absolutely ZERO technological competitive advantages and is not even a secure coin (the very definition of a ShitCoin) which is the primary reason it has to merge mined with LTC and I predict that even with that addition of hash power it will still be hacked and forked cause it truly is an unsecured ShitCoin.

So then, looking at the big picture, it is a miracle for any such currency to reach $1 billion and the only reason doge may reach that is because it was launched and is secretly ran by a hedge fund, something I clearly stated multiple times last year.  If that were not the case, doge right now would be valued at 1 litoshi.

Finally, comparing any ShitCoin, like doge, to the value of Bitcoin is delusional given all the money and power in the world is backing Bitcoin and the only reason these other currencies have any value at all is because of pure speculative reasons and due to a crowding out effect.
Exactly that is what I though. Even though Doge has reached decent heights in the past, it was mostly because of it's community.
Doge supporters were everywhere. Where are they right now?
What technical features does DOGE offer to compete with other coins, or future coins? None.
I also doubt that Doge will ever reach $1 Billion, $100M is what I'm questioning as well.

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August 27, 2014, 10:06:59 PM
 #21787

the dog is dead
winter coming
bones without meat won't feed the dog Grin Cheesy
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August 27, 2014, 10:08:43 PM
 #21788

You do realize there are now over 600 crypto currencies and next year we'll have thousands, many with multi million dollar budgets and celebrity endorsements, while Doge has absolutely ZERO technological competitive advantages and is not even a secure coin (the very definition of a ShitCoin) which is the primary reason it has to merge mined with LTC and I predict that even with that addition of hash power it will still be hacked and forked cause it truly is an unsecured ShitCoin.

So then, looking at the big picture, it is a miracle for any such currency to reach $1 billion and the only reason doge may reach that is because it was launched and is secretly ran by a hedge fund, something I clearly stated multiple times last year.  If that were not the case, doge right now would be valued at 1 litoshi.

Finally, comparing any ShitCoin, like doge, to the value of Bitcoin is delusional given all the money and power in the world is backing Bitcoin and the only reason these other currencies have any value at all is because of pure speculative reasons and due to a crowding out effect.
Exactly that is what I though. Even though Doge has reached decent heights in the past, it was mostly because of it's community.
Doge supporters were everywhere. Where are they right now?
What technical features does DOGE offer to compete with other coins, or future coins? None.
I also doubt that Doge will ever reach $1 Billion, $100M is what I'm questioning as well.

August is not the best month to gather everyone; But supporters are still there all around.
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August 27, 2014, 10:12:27 PM
 #21789

I am working on the update for dogepool.net i will be ready very soon and be updated to the new wallet

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August 27, 2014, 10:49:29 PM
 #21790

FYI for the devs:

It specifies in the release notes that:
rpcallowip=192.168.*.*

needs to be changed to:
rpcallowip=192.168/16

Well, that didn't work. I ended up just putting in the full IP address of the pool (ex: rpcallowip=192.168.1.101)

xpool.net has been updated to v1.8

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August 27, 2014, 11:02:52 PM
 #21791

You do realize there are now over 600 crypto currencies and next year we'll have thousands, many with multi million dollar budgets and celebrity endorsements, while Doge has absolutely ZERO technological competitive advantages and is not even a secure coin (the very definition of a ShitCoin) which is the primary reason it has to merge mined with LTC and I predict that even with that addition of hash power it will still be hacked and forked cause it truly is an unsecured ShitCoin.

Yes, there are over 600, and we're 7th, and we've been in the 7th-9th range since we stopped being pumped and dumped.

On security; come back when you have anything based on facts. Dogecoin is merged-mining because being in conflict with another coin for hash rate (and this goes for ANY coin pair) is unsustainable. You only have to look at http://liteshack.com/ to see how each algorithm has a lead coin, a second that might be safe, and nothing else in the same league.

So then, looking at the big picture, it is a miracle for any such currency to reach $1 billion and the only reason doge may reach that is because it was launched and is secretly ran by a hedge fund, something I clearly stated multiple times last year.  If that were not the case, doge right now would be valued at 1 litoshi.

I should probably take that as a compliment. I will state core Doge development is currently funded only in as far as https://chain.so/address/devfund takes us.

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
rnicoll
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August 27, 2014, 11:03:59 PM
 #21792

FYI for the devs:

It specifies in the release notes that:
rpcallowip=192.168.*.*

needs to be changed to:
rpcallowip=192.168/16

Well, that didn't work. I ended up just putting in the full IP address of the pool (ex: rpcallowip=192.168.1.101)

xpool.net has been updated to v1.8


Thanks, it should be:

rpcallowip=192.168.0.0/16

I'll get that fixed

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
rnicoll
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August 27, 2014, 11:06:34 PM
 #21793

Exactly that is what I though. Even though Doge has reached decent heights in the past, it was mostly because of it's community.
Doge supporters were everywhere. Where are they right now?
What technical features does DOGE offer to compete with other coins, or future coins? None.
I also doubt that Doge will ever reach $1 Billion, $100M is what I'm questioning as well.

Doge's community is primarily active on reddit and IRC.

In terms of features, 1 minute block times meaning a fraction of the time to first confirmation and an inflationary economic model used to mitigate transaction costs and encourage spending. AuxPoW removes the conflict with Litecoin for Scrypt hashrate, which is the single biggest hurdle for Dogecoin right now.

Dogecoin Core developer, ex-researcher, trader.

Unless stated otherwise, opinions are my own and do not necessarily reflect that of other Dogecoin developers.
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August 28, 2014, 12:20:38 AM
 #21794

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)


Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to 1 Billion new dogecoin every year could change this trend. Then the inflation is 1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.
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August 28, 2014, 12:57:22 AM
 #21795

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)


Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to 1 Billion new dogecoin every year could change this trend. Then the inflation is 1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.

This is not the main issue we have. We had multipools, and a lot of miners that sold every coins they got, their only goal were to get BTC. This behavior decreases alternate coins value. We had hundred of useless coins, this had a maximum dilution effect; and all the scams around IPO/ICO, pump and dump scheme etc...

For a coin to get value we need investors, and to have investors we need trust. The previous behavior kills the trust. It will take time to recover.
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August 28, 2014, 01:29:18 AM
 #21796

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)


Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to 1 Billion new dogecoin every year could change this trend. Then the inflation is 1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.

This is not the main issue we have. We had multipools, and a lot of miners that sold every coins they got, their only goal were to get BTC. This behavior decreases alternate coins value. We had hundred of useless coins, this had a maximum dilution effect; and all the scams around IPO/ICO, pump and dump scheme etc...

For a coin to get value we need investors, and to have investors we need trust. The previous behavior kills the trust. It will take time to recover.

That is why I said dogecoin need to reduce to 1 Billion new coin every year. Reduce the influnce of the miner. 1% inflation every year (lower a little every year) means it's inflation lower than USD like precious metals(gold mined out every year but not too much). When company hold and trade with other companys and customers use cryptocurrenc, that change everything. Bank will be join in for loan use cryptocurrenc too. Then it will change the world. Make it better than USD is the frist step.
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August 28, 2014, 01:31:14 AM
 #21797

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion.  Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)


Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to 1 Billion new dogecoin every year could change this trend. Then the inflation is 1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.

This is not the main issue we have. We had multipools, and a lot of miners that sold every coins they got, their only goal were to get BTC. This behavior decreases alternate coins value. We had hundred of useless coins, this had a maximum dilution effect; and all the scams around IPO/ICO, pump and dump scheme etc...

For a coin to get value we need investors, and to have investors we need trust. The previous behavior kills the trust. It will take time to recover.

That is why I said dogecoin need to reduce to 1 Billion new coin every year. Reduce the influnce of the miner. 1% inflation every year (lower a little every year) means it's inflation lower than USD like precious metals. If company hold and trade with other use cryptocurrenc, that change everything. Bank will be join in for loan with cryptocurrenc too. So make it better than USD is the frist step.

If Devs care or are listening...I'd also be in favor of lowering the inflation to 1B coins/year.

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August 28, 2014, 05:16:24 AM
 #21798

Maybe you've seen a new coin LottoShares rocketing up the coin market cap charts. They're now worth in the region of 30 cents each.

Top tip: If you held DOGE on May 22nd - you already have 80 LTS. That's $24 for free!

You can claim it, play with it, sell it - whatever you like.

From the website -

Dogecoin (20%)

20% of the shares were distributed to Dogecoin users The top 250,000 Dogecoin addresses at Block 232,000 received 80 LTS in the genesis block. If you held more than 500DOGE at a single address on 22nd May, 2014 you have 80 LTS. These shares can be used or traded immediately.

Link: http://forum.lottoshares.org/topic/12/how-to-claim-your-lts

ANN: https://bitcointalk.org/index.php?topic=694341

Reddit: http://www.reddit.com/r/dogecoin/comments/2esolx/24_if_you_held_doge_on_may_22nd/

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August 28, 2014, 07:05:59 AM
 #21799

Maybe you've seen a new coin LottoShares rocketing up the coin market cap charts. They're now worth in the region of 30 cents each.

Top tip: If you held DOGE on May 22nd - you already have 80 LTS. That's $24 for free!

You can claim it, play with it, sell it - whatever you like.

From the website -

Dogecoin (20%)

20% of the shares were distributed to Dogecoin users The top 250,000 Dogecoin addresses at Block 232,000 received 80 LTS in the genesis block. If you held more than 500DOGE at a single address on 22nd May, 2014 you have 80 LTS. These shares can be used or traded immediately.

Link: http://forum.lottoshares.org/topic/12/how-to-claim-your-lts

ANN: https://bitcointalk.org/index.php?topic=694341

Reddit: http://www.reddit.com/r/dogecoin/comments/2esolx/24_if_you_held_doge_on_may_22nd/


Nice! Just saw my 80 LTS linked to my address, super cool.

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August 28, 2014, 08:02:01 AM
 #21800

Yet to see an intellegent argument against Dogecoin here. All we can see here is some stupid people with pure hate for Dogecoin. If you can't see dogecoin is gonna have massive growth within 1 year, you guys are just dumb.  Grin
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