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

[manfred]

I never had a PoS coin in my portfolio and never will have one. PoS is not backed by anything other than the belief there are worth anything and there will be an endless supply of PoS coins because one created today does not have a significant advantage over on created tomorrow, next week, next month.......
What currently is happening is new coins are created with PoW, mined for a week until a fixed number is reached and then change to PoS and then you can claim your stake at buying xyz coin. The only advantage a coin released today has over on made sometime in the future is, somebody already bought into it. The advantage quickly disappears if the new coin has a better catch phrase a flashier webpage or bigger marketing capital....There is no end in sight for stake claimed coins and all promising x % return if you know a bit of programming you will have your very one coin too and everyone can buy into your claim based coin.
Its a barrel without bottom and once it clicks run for the hills if you own a stake.  
    
A new pure PoW coin can not compete with existing once on the market unless its cheats in some way by instamine, premine, ninjamine or some other scam which then prevents it form growing. The inflation handicap will always be with Litecoin in regard to Bitcoin and so it can not get in front, and equally stops new pure PoW coins in its tracks. Inflation also works in favour of Dogecoin in the short term so merge mining puts Dogecoin in a favourable position.

PoW is backed by energy. There is no better backing than energy because everyone needs it, wants it and i will never have any problem selling it. To create a PoW coin you need x amount of energy and you can not cheat. The best you can hope for is to have  a more efficient miner. Because the energy has been spent the coin has a base value (many other things on top) and is a kind of a storage medium.

Mark my words

Imho, the way in which a coin is mined makes no difference to a coin's value. PoW coins are not backed by energy, but by the community.
Or else why would Litecoin's price be a few times lower than its ATH, while its hashrate is ridiculously higher than it was at that time?

What gives a coin value is the community's consensus, and it seems fitting that it's the coins community (the holders) who would get the new coins by securing the network, rather than relying on our block reward being high enough to attrack multipool miners who don't care about the future of the coin. And it seems more and more true that ASIC companies are the only one to truly profit from mining; that leads to centralization which is the opposite of what cryptocurrencies should be about.

I can guarantee that you can not produce a bitcoin under $400 today so you have a base value then you have to add all sort of other factors to get to todays price.
Litecoins price is a few times lower for a number of reasons and one of them is that ASICs produce a coin much more efficient and so can be sold much cheaper as if produced with GPU    
Unfortunately, ASICs is one thing Satoshi did not foresee, but PoW coins it is truly honest money as you can not cheat and dont need anyone's consensus. Community's consensus, yep the Government needs it and gives fiat value and not honest money like PoW coins. 

[c33b51]

I think it is a good time to buy some at current price

[manfred]

I think it is a good time to buy some at current price

+1 bargain of the year
be greedy when others are fearful

[lynn_402]

Imho, the way in which a coin is mined makes no difference to a coin's value. PoW coins are not backed by energy, but by the community.
Or else why would Litecoin's price be a few times lower than its ATH, while its hashrate is ridiculously higher than it was at that time?

What gives a coin value is the community's consensus, and it seems fitting that it's the coins community (the holders) who would get the new coins by securing the network, rather than relying on our block reward being high enough to attrack multipool miners who don't care about the future of the coin. And it seems more and more true that ASIC companies are the only one to truly profit from mining; that leads to centralization which is the opposite of what cryptocurrencies should be about.

I can guarantee that you can not produce a bitcoin under $400 today so you have a base value then you have to add all sort of other factors to get to todays price.
Litecoins price is a few times lower for a number of reasons and one of them is that ASICs produce a coin much more efficient and so can be sold much cheaper as if produced with GPU    
Unfortunately, ASICs is one thing Satoshi did not foresee, but PoW coins it is truly honest money as you can not cheat and dont need anyone's consensus. Community's consensus, yep the Government needs it and gives fiat value and not honest money like PoW coins. 

Even if, right now, a Bitcoin can not be produced under $400, it still needs community consensus to stay above that price. A crash to 200$ could happen, and difficulty would adapt so a Bitcoin could be produced at that price. And ASIC companies who have access to cheap miners and electricity can propably produce them at a considerably lower price anyways. Because of this, I think it's wrong to say that PoW gives a base value to a coin.

And there is no way to cheat with PoS either; everybody gets the same interest rate for protecting the network.

I think it is a good time to buy some at current price

+1 bargain of the year
be greedy when others are fearful

Speculators seem to be forgetting that Dogecoin managed to stay above 100 satoshis when the inflation rate was almost ten times higher than what it will be in a week, and when its community was a lot smaller and with fewer merchants involved.

[mightyshibe]

I think it is a good time to buy some at current price

+1 bargain of the year
be greedy when others are fearful

yep, buying

[adud]

Imho, the way in which a coin is mined makes no difference to a coin's value. PoW coins are not backed by energy, but by the community.
Or else why would Litecoin's price be a few times lower than its ATH, while its hashrate is ridiculously higher than it was at that time?

What gives a coin value is the community's consensus, and it seems fitting that it's the coins community (the holders) who would get the new coins by securing the network, rather than relying on our block reward being high enough to attrack multipool miners who don't care about the future of the coin. And it seems more and more true that ASIC companies are the only one to truly profit from mining; that leads to centralization which is the opposite of what cryptocurrencies should be about.

I can guarantee that you can not produce a bitcoin under $400 today so you have a base value then you have to add all sort of other factors to get to todays price.
Litecoins price is a few times lower for a number of reasons and one of them is that ASICs produce a coin much more efficient and so can be sold much cheaper as if produced with GPU    
Unfortunately, ASICs is one thing Satoshi did not foresee, but PoW coins it is truly honest money as you can not cheat and dont need anyone's consensus. Community's consensus, yep the Government needs it and gives fiat value and not honest money like PoW coins. 

Even if, right now, a Bitcoin can not be produced under $400, it still needs community consensus to stay above that price. A crash to 200$ could happen, and difficulty would adapt so a Bitcoin could be produced at that price. And ASIC companies who have access to cheap miners and electricity can propably produce them at a considerably lower price anyways. Because of this, I think it's wrong to say that PoW gives a base value to a coin.

And there is no way to cheat with PoS either; everybody gets the same interest rate for protecting the network.

I am open to both POW and POS, but POW is working for bitcoin from start, and POS is still young and needs validation over time (in sense of market sentiment and acceptance).  Is it worth to improve security with POS but at the same time introduce new (unknown at the time) risk factors?

[C10H15N]

http://dogecoinball.com/comics

[EcuaMobi]

I think it is a good time to buy some at current price

+1 bargain of the year
be greedy when others are fearful

yep, buying

I'm pretty sure it will reach at least to 100 satoshis very soon, it always does 

[lynn_402]

Even if, right now, a Bitcoin can not be produced under $400, it still needs community consensus to stay above that price. A crash to 200$ could happen, and difficulty would adapt so a Bitcoin could be produced at that price. And ASIC companies who have access to cheap miners and electricity can propably produce them at a considerably lower price anyways. Because of this, I think it's wrong to say that PoW gives a base value to a coin.

And there is no way to cheat with PoS either; everybody gets the same interest rate for protecting the network.

I am open to both POW and POS, but POW is working for bitcoin from start, and POS is still young and needs validation over time (in sense of market sentiment and acceptance).  Is it worth to improve security with POS but at the same time introduce new (unknown at the time) risk factors?

Many coins have took risks with PoS by now, and no major problem have been found.
Dogecoin's developper consider that using PoS might be a good idea no sooner than the 600000th block, so that's plenty of time for other coins to thoroughly test it really.

[devphp]

Many coins have took risks with PoS by now, and no major problem have been found.
Dogecoin's developper consider that using PoS might be a good idea no sooner than the 600000th block, so that's plenty of time for other coins to thoroughly test it really.

Is he considering switching to PoS exclusively?
Or having two independant algos: one block goes to PoW miners, another goes to PoS holders?

[Kergekoin]

Many coins have took risks with PoS by now, and no major problem have been found.
Dogecoin's developper consider that using PoS might be a good idea no sooner than the 600000th block, so that's plenty of time for other coins to thoroughly test it really.

Is he considering switching to PoS exclusively?
Or having two independant algos: one block goes to PoW miners, another goes to PoS holders?

Would you please link to original source?

[Bit_Happy]

Many coins have took risks with PoS by now, and no major problem have been found.
Dogecoin's developper consider that using PoS might be a good idea no sooner than the 600000th block, so that's plenty of time for other coins to thoroughly test it really.

Is he considering switching to PoS exclusively?
Or having two independant algos: one block goes to PoW miners, another goes to PoS holders?

Would you please link to original source?

I think this is the source:
http://www.reddit.com/r/dogecoindev/comments/289ki5/okay_lets_talk_proofofstake/

[laris2]

http://dogesp.in is offering a change to earn Dogecoin with it!
Write a review about dogesp.in on forums/blogs/social medias and send us your link to support@l8.io !
And we will send you dogecoins for disposal.
Enjoy the weekend shibes.

[vleroybrown]

I want inflation free doge back.. That was cra cra..  I'm looking at you devs

[franckuestein]

https://i.imgur.com/t1S62yB.jpg


Join us now on Kingcoiny and trade your Dogecoins for only 0.15% right now.

https://www.kingcoiny.com/index.php?page=trade&market=DOGE

See you soon on Kingcoiny !

Ben
CEO Cryptocoiny Limited
Kingcoiny is a trademark of Cryptocoiny Limited.

I've seen your exchange in other coins and looks great, seems to be working well.

But in the case of Doge i think that the price is really low in comparison to other exchanges. Maybe because of the little volume: 0.00436957 BTC
  I can see an order of 18951.61605417 DOGES for worth 0.004 BTC xD
As you can see all the volume came from this trade.

Despite that, hope that your project succeed!

[lynn_402]

I want inflation free doge back.. That was cra cra..  I'm looking at you devs

Perhaps the perpetual inflation was implemented so the coin would be unnatractive to speculators who aren't involved with the community, and thus allowing the coin to have a more stable value dependent solely on its userbase?

[vleroybrown]

I want inflation free doge back.. That was cra cra..  I'm looking at you devs

Perhaps the perpetual inflation was implemented so the coin would be unnatractive to speculators who aren't involved with the community, and thus allowing the coin to have a more stable value dependent solely on its userbase?

The early adopters wanted to believe.. It was Crazy and funny but man..  I wanted to believe

[lynn_402]

I want inflation free doge back.. That was cra cra..  I'm looking at you devs

Perhaps the perpetual inflation was implemented so the coin would be unnatractive to speculators who aren't involved with the community, and thus allowing the coin to have a more stable value dependent solely on its userbase?

The early adopters wanted to believe.. It was Crazy and funny but man..  I wanted to believe

It will never be over as long as some of us believe it isn't

Dogecoin still has, by far, the community for which I'm most happy to contribute to.

[cozk]

Here we go guys, here is the truth: Doge coin cap is beyond retarded, doge is dying and will be a distant memory in a year.

Sorry.

[manfred]

Here we go guys, here is the truth: Doge coin cap is beyond retarded, doge is dying and will be a distant memory in a year.

Sorry.

Dont think so. Right now the market gets diluted more and more with new PoS coins popping up daily all promising nice returns you just need to prove your stake in xyz coin. It doesn't take Einstein to figure out that is a economical flawed system.
It will be a little while longer before everything reverts back to basics.
https://bitcointalk.org/index.php?topic=667594.80;topicseen