Let me see if I have this correct?
1. Multi-pools like middlecoin dumps many Dogecoin onto market which drives price down.
I do not believe multipools drive dogecoin down. multi-pools sell dogecoin, but the price stays consistent even though there is more supply. this does mean the currency is growing. multi-pools prop up doge by conducting transactions, and keeping interest in doge. the liquidity of doge is important for it to flourish as a currency. the ultimate goal is not to daytrade doge like they're doing with catcoin; the goal is for it to be used as a currency. for this to occur, dogecoin must be stable.
i believe once multipools switch away from doge the price (and therefore interest) goes down, and we're in trouble. Multipools are interested in the same things you are, profit. the difference is, a multipool that pays off in doge will increase the value of doge by using more profitable coins to feed its market cap. the big thing is people that use the site to be paid in dogecoins would have to believe in dogecoins over the other coins.
Wow! What a Doggy Doge world. I would say it's a little hypocritical, but interesting and competitive.
i don't see any hypocrisy in it at all. i do not see multipools as harmful. i only see people complaining about multipools without any motivation to do something about them. there are some people in this thread that want to change the currency's very fundamentals as some sort of solution vs. multipools. i believe a dim view of multipools in general is myopic. we need an increase in supply in dogecoin.
Not sure if the Doge community would like this because many Shibes like to play fair. But some may call it Justice and others are very competitive.
i don't think that using the same technology as everyone else is not 'playing fair'. that implies multipools somehow 'cheat'. i disagree.
Under the same criteria, someone with faster video cards than you do 'playing unfair'. that's just someone with a different investment strategy than you have.
But how do we know if Multi-pools aren't actually helping Doge in the long run?
my point exactly. consider this a thought experiment to discuss how multipools affect doge.
I believe that multi-switching pools are beneficial for doge, not harmful. even the ones that pay out in bitcoin. What will be truly concerning if multipools drop doge. which looks like that's what they're doing right now. hashcows isn't mining doge at all, for example. we need more miners than ever before, even if it is from the so-called unfair multipools. we may yet experience a drop in mining interest as litecoin becomes more profitable again. already, the hashrate for litecoin has gone up to 3x all other scryptcoins combined. there is no reason we should be turning away any miner that wants to make dogecoins especially at this point in time.
many people are optimistic with the block rewards halving in february we'll see a spike in prices. i believe we'll see a drop in hashrate rather than a price bump, and at that point, we'll be begging for multi-pools to come back.
