[ANN][DOGE] Dogecoin - very currency many coin - v1.10.0

[CrisCar Alvior2h]

DOGE this coin I play a few days, make a lot of appreciation night, fast, is worth

everybody to play, is a potential currency

[Lauda]

DOGE this coin I play a few days, make a lot of appreciation night, fast, is worth

everybody to play, is a potential currency

The coin is good for having fun that is true.
Although there are way to many memes being made/posted now.

[niothor]

It's a useless effort to show people dogecoin and talk about dogecoin when they have difficulties in acquiring it.

Huh, what are you talking about? There is no difficulty in acquiring Dogecoins. If you have a verified paypal account, you can get it in in minutes.

To how many people who have only once heard about cryptos and are on the level of "average computer user" have you talked?
Do not overestimate the average joe.

If you go to the main forum and read the experiences of other forum members while trying to convince poeple to use cryptos you'll see that things are not that easy.
Just because you and your friends know a lot about a subject and a game it doesn't mean that the rest of the world has even heard of it.

Isn't the situation the same with Bitcoin? If you want to acquire any crypto, you at least have to do a little bit of research. It takes as little as 5 minutes of googling to find how to buy doges with paypal, and it's really easy to do. If someone is genuinely interested to buy some doges, is a 5 minutes time to invest into research such an unsurmountable task? Nobody's going to spoon feed cryptos, it's your own money, you can keep the money in the bank and hope that you won't be bailed-in, or you can do research and diversify. You can lead the horse to the river, but can't make it drink. With that in mind, I don't see your point.

a) people come to reddit.com/r/dogecoin
b) they ask how to quickly buy doges
c) in reply they get a few links, and in a few minutes they are set.

I mean, it's the internet, you have to have basic skills to be able to google and click on links, download files, and just be around computers for a while to be able to use crypto currencies. If your average joe isn't able to do that, or too lazy to learn basic skills, there is no hope for that average joe then, no matter what crypto currency, dogecoin or not.

Besides, Dogecoin attracts youngsters, youngsters are more sociable and share ideas more easily, each Dogecoin user on average brings in another 3 Dogecoin users, hence network effect is faster than with other cryptos.

It's the same. And it's not brighter.

Now , since you gave that many example and talking about average joe...
How many people that owned dogecoins where actually watching nascar races...
The reddit is full of people (in the us) claiming that this was the first time they did and only because of the dogecar..

What I was trying to say is that the last publicity stunts don't really target the audience that doge needs and that most of the people who have seen that car and managed to get onto google to search for doge are having trouble using paypal not even talking about sending "coins" to "d73465743dfdfd66" kind of address.


And about that network effect... sure reddit audience is growing but is dogecoin use also growing?
NO! It's down to 10% since January per daily transactions to 15k daily since the peek of 200k.

[devphp]

It's the same. And it's not brighter.

Now , since you gave that many example and talking about average joe...
How many people that owned dogecoins where actually watching nascar races...
The reddit is full of people (in the us) claiming that this was the first time they did and only because of the dogecar..

What I was trying to say is that the last publicity stunts don't really target the audience that doge needs and that most of the people who have seen that car and managed to get onto google to search for doge are having trouble using paypal not even talking about sending "coins" to "d73465743dfdfd66" kind of address.

And about that network effect... sure reddit audience is growing but is dogecoin use also growing?
NO! It's down to 10% since January per daily transactions to 15k daily since the peek of 200k.

There is no such thing as bad publicity. Sure, you can always do better and find better target audience, but it takes too much money to advertise to millions, and Dogecoin is doing its best with the money it can get from donations, and it's not much really, $50k is not much to get a really huge and perfect advertising campaign. However, it was not lost, Dogecoin was noticed.

Now, you talk about daily usage. I think the general trend with any crypto currency now is to buy and hold, not use. People who buy them want to get rid of fiat, because fiat is being printed much faster than any crypto currency, so why not spend a depreciating currency (USD, Euro, Yen, Yuan) and keep the one the supply of which is at least growing predictably and which is undervalued. It was a usage peak in January, yes, because it coincided with generally more interest for cryptos, Bitcoin was making the news more at that time + it was easier to mine doges back then and just give them away at faucets. Now that it's harder to mine, sure, there are less transactions, as doges are being hoarded, people don't give them away as easily as back then.

Dogecoin is more designed to be everyday internet currency, because: a) its supply is not capped (although this effect will be visible in a few years only, as in 2015-2020 Dogecoin inflation will not exceed that of Bitcoin, Bitcoin's monetary inflation will actually be larger for the next 5 years starting from 2015); b) it has more whole units, which appeals to human psyche, people want to feel rich having a lot of whole units of currency, not a measly fraction of a Bitcoin; c) there is no history of shady business in Dogecoin, no money launderers or drug dealers, which appeals to even more people, who don't want to touch Bitcoin for fear of being associated with any shady business. Dogecoin makes it easy for them to try crypto currencies, as it's cheap, and many stay with what they have learned.

[makebitcoin]

Is the YouTube ad still running and are they still accepting donations?

[C10H15N]

The Dogecar is ready!  

If you want to see the car in the all star race, then Josh Wise needs the fan votes.
We're up against Danica, and she's one tough cookie. 

You can vote unlimited times per day and votes cast on the Android and iOS apps count for double.

To vote on a desktop: http://www.nascar.com/SprintFanVote
iOS: https://itunes.apple.com/us/app/nascar-mobile/id552764013?mt=8
Android: https://play.google.com/store/apps/details?id=com.nascar.nascarmobile
Windows Phone: http://apps.microsoft.com/windows/en-us/app/nascar/f1828118-fa1f-4d3d-99f8-160ae1595624

[welltefxx]

A good coin
We need more people to participate in the
The need for more good news
Appreciate

[piquetwbs]

When prices rise, it's been a long time since nothing happened

[c-cex]

Trade Dogecoin for USD!

https://c-cex.com/?p=doge-usd

PayPal withdrawal fee lowered to 5%!
Many options for USD deposits available: https://www.xmlgold.eu, Payeer, EgoPay

[niothor]

It's the same. And it's not brighter.

Now , since you gave that many example and talking about average joe...
How many people that owned dogecoins where actually watching nascar races...
The reddit is full of people (in the us) claiming that this was the first time they did and only because of the dogecar..

What I was trying to say is that the last publicity stunts don't really target the audience that doge needs and that most of the people who have seen that car and managed to get onto google to search for doge are having trouble using paypal not even talking about sending "coins" to "d73465743dfdfd66" kind of address.

And about that network effect... sure reddit audience is growing but is dogecoin use also growing?
NO! It's down to 10% since January per daily transactions to 15k daily since the peek of 200k.

There is no such thing as bad publicity. Sure, you can always do better and find better target audience, but it takes too much money to advertise to millions, and Dogecoin is doing its best with the money it can get from donations, and it's not much really, $50k is not much to get a really huge and perfect advertising campaign. However, it was not lost, Dogecoin was noticed.

Now, you talk about daily usage. I think the general trend with any crypto currency now is to buy and hold, not use. People who buy them want to get rid of fiat, because fiat is being printed much faster than any crypto currency, so why not spend a depreciating currency (USD, Euro, Yen, Yuan) and keep the one the supply of which is at least growing predictably and which is undervalued. It was a usage peak in January, yes, because it coincided with generally more interest for cryptos, Bitcoin was making the news more at that time + it was easier to mine doges back then and just give them away at faucets. Now that it's harder to mine, sure, there are less transactions, as doges are being hoarded, people don't give them away as easily as back then.

Dogecoin is more designed to be everyday internet currency, because: a) its supply is not capped (although this effect will be visible in a few years only, as in 2015-2020 Dogecoin inflation will not exceed that of Bitcoin, Bitcoin's monetary inflation will actually be larger for the next 5 years starting from 2015); b) it has more whole units, which appeals to human psyche, people want to feel rich having a lot of whole units of currency, not a measly fraction of a Bitcoin; c) there is no history of shady business in Dogecoin, no money launderers or drug dealers, which appeals to even more people, who don't want to touch Bitcoin for fear of being associated with any shady business. Dogecoin makes it easy for them to try crypto currencies, as it's cheap, and many stay with what they have learned.

While I agree with most of your post i don't with point 1.
That whole inflation thing propaganda is based on the fact that people don't calculate the inflation from the first years is which is in terms of thousands.
More than 77% of dogecoins have been mined in half a year compared to what percent in bitcoin.... 5 %?
It's normal that it will have a lower inflation for a period.

And.. i'm anti hoarding...
You want to keep your doge or btc , cool , buy other and spend them instead of the fiat you were going to spend anyway
If everybody will be stashing coins the value won't go up , it will go down...It;s a false sentiment that less available coins on the market will drive the price to the moon.

It was the huge number of transactions for doge and it's growing community that made me feel a bit attached to this coin , although I still see it as a bit of a joke

[devphp]

While I agree with most of your post i don't with point 1.
That whole inflation thing propaganda is based on the fact that people don't calculate the inflation from the first years is which is in terms of thousands.
More than 77% of dogecoins have been mined in half a year compared to what percent in bitcoin.... 5 %?
It's normal that it will have a lower inflation for a period.

And.. i'm anti hoarding...
You want to keep your doge or btc , cool , buy other and spend them instead of the fiat you were going to spend anyway
If everybody will be stashing coins the value won't go up , it will go down...It;s a false sentiment that less available coins on the market will drive the price to the moon.

It was the huge number of transactions for doge and it's growing community that made me feel a bit attached to this coin , although I still see it as a bit of a joke

If enough demand exists that makes this initial excessive inflation somewhat neutralized, (and we can see the evidence of that in the price, it's holding the 100 satoshi level really good), then we really can discount the first year of Dogecoin supply inflation. Think of it as if it's a Proof-of-Stake coin with 100 bln initial coins and then 5% yearly after that, except that the initial 100 bln. coins were not created at genesis block, but their creation spread over a period of 1 year, which should ensure a more fair initial distribution than any PoS coin.

By the time the public becomes familiar with crypto currencies enough (and this adoption process takes months and years), Dogecoin will have its initial 100 bln mined, and then it will be a fixed 5% yearly, while Bitcoin will still have a ~12%->8% yearly inflation in 2015-2020.

It's not a false statement that less available coins on the market drives the price higher. It really does, provided there is enough marketing happening. Of course, if A coin's users just hoard, but don't do anything, don't faciliate or promote adoption among merchants, don't create publicity events, then the value won't go up, as there are no new users buying into the coin. Dogecoin community is working their asses off to market the coin and have merchants accept it (if you frequent reddit you know this), the only other community that puts equal or more efforts is Bitcoin, but they are way larger and years ahead, so it's natural. Other coins don't even compare. I see Dogecoin's market cap at least on spot #3 this year, and that's supported and confirmed by the trade volume too.

[SaraMine]

I'm dumping all my DOGE now, the DRK thread has more posts than this one!!!1

nooooooooooooooooooooo we need to fix this one!

[niothor]

I'm dumping all my DOGE now, the DRK thread has more posts than this one!!!1

nooooooooooooooooooooo we need to fix this one!

He'll be back once he compares the reddits

[manfred]

According to Coinmarketcap the biggest volume is for Doge/CYN on Chinese Exchange BTC38. The Exchange stopped Yuan deposit on the April 2 http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/ make off it what you want. After that is Cryptsy. Third biggest volume is on Chinese exchange BTC100. Next is Canadian owned Chinese exchange bter. bter is not a registered company in China, the only other not registered exchange in China was fxbtc and it closed up shop last week. Anyone dealing with bter is stepping in very thin ice. Next in line is Mitpal and its volume totally collapsed and there is no buy support.



Market is more or less centralized to Cryptsy.

On 20.12.2013 ~ 216k unique address where used to sent doges, on 22.01.2014 ~ 163k, on 23.02.2014 ~  56k, and on the 24.03.2014  ~ 26k.  Yesterday about 12k.   Its becoming more centralized.

[C10H15N]

Time lapse video of wrapping the Dogecar!   

https://www.youtube.com/watch?v=myqsiJ-yVBc

[bitcoin4eva]

If Doge is coming too centralized I really hope it will spread more. We need more people to get interested in the coin. Hopefully the Nascar car will help on that!

[niothor]

According to Coinmarketcap the biggest volume is for Doge/CYN on Chinese Exchange BTC38. The Exchange stopped Yuan deposit on the April 2 http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/ make off it what you want. After that is Cryptsy. Third biggest volume is on Chinese exchange BTC100. Next is Canadian owned Chinese exchange bter. bter is not a registered company in China, the only other not registered exchange in China was fxbtc and it closed up shop last week. Anyone dealing with bter is stepping in very thin ice. Next in line is Mitpal and its volume totally collapsed and there is no buy support.



Market is more or less centralized to Cryptsy.

On 20.12.2013 ~ 216k unique address where used to sent doges, on 22.01.2014 ~ 163k, on 23.02.2014 ~  56k, and on the 24.03.2014  ~ 26k.  Yesterday about 12k.   Its becoming more centralized.

I don't think that the number of transactions is showing that doge is becoming centralized

http://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

If just anybody had a print screen or a log on how this was 1 month ago.

[SaraMine]

holly cow somebody ownz 7,347,998,984 DOGE ($3,453,560 USD)

[niothor]

holly cow somebody ownz 7,347,998,984 DOGE ($3,453,560 USD)

Depends:
a) it can be the address of an exchnage , so those are the coins of more people , not just one person
b) it can be only one address of bunch a person has, and that person could hold far more that just 7billion coins

[niothor]

holly cow somebody ownz 7,347,998,984 DOGE ($3,453,560 USD)

Depends:
a) it can be the address of an exchnage , so those are the coins of more people , not just one person
b) it can be only one address of bunch a person has, and that person could hold far more that just 7billion coins

Lols,
Indeed , you can't say "just" like you're talking about a few hundred doge..

But when looking at the total usd value , it's not that much.
Comparing that to the amount of $ some people keep in thei bank account , it's "just" some lame 3 millions .