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

[dogefan255]

Counterparty with Dogecoin

https://github.com/CounterpartyXCP/counterpartyd/commits/dogepartyd

The power of Counterparty with Dogecoin speed and a great community to top it off. The dream becomes reality!

Looking forward for the burn period announcement! To the moon guys!!! Time to buy!!

http://1.bp.blogspot.com/-ILF0pZPWH5U/UtWhBqj263I/AAAAAAAAAKw/tuY-qNHGbns/s1600/todamoon.jpg

[Bit_Happy]

Counterparty with Dogecoin

https://github.com/CounterpartyXCP/counterpartyd/commits/dogepartyd

The power of Counterparty with Dogecoin speed and a great community to top it off. The dream becomes reality!

Looking forward for the burn period announcement! To the moon guys!!! Time to buy!!

That doggie is on fire!
What's he been eating?  


<On Topic>
I just looked at the counterparty website, and would like to know more examples of what can be done with this:
Is it primarily for betting and unregulated "stocks"/assets?

[Wekkel]

What I still do not get in respect of initiatives like Counterparty.co and Reggie's Ultracoin is how counter party risk is managed. Sure, it is easy to lock in an electronic asset like BTC or a bunch of Doves, but how does software ensure that a bet in dollars or PM will actually be honoured by your digital counter party?

Reggie does not explain this nor the Counterparty.co website.

If they have solved this problem, they are sitting on pure platinum.

[xman89]

I think Dogecoin should go PoS... the sooner the better. This is to protect it's investors. Because if the price is continuing to go down, in not so distant future it would be trivial to make 51% attack.

Really , how much do you know about PoS and it's vulnerability?
And what about the 51% attack against doge? Do you know how much it will cost?

It will be far cheaper to attack a full PoS coin.

 PoW is more easily to attack because you don't even need to buy the hardware to make the 51% attack, you just can rent it for 1 day make the 51% attack and be gone.

 But if you try to buy 51% of the coins to make 51% attack on PoS... that is just insane... it is much harder to do and you can't do it fast.

 Look on coinmarketcap the top 10 coins and tell me how many of them are pure PoW?!

 Dogecoin is more flexible than the old behemoths (Litecoin and Bitcoin), so the transition to PoS would be much more easier.

 

[newuser01]

I think Dogecoin should go PoS... the sooner the better. This is to protect it's investors. Because if the price is continuing to go down, in not so distant future it would be trivial to make 51% attack.

Really , how much do you know about PoS and it's vulnerability?
And what about the 51% attack against doge? Do you know how much it will cost?

It will be far cheaper to attack a full PoS coin.

 PoW is more easily to attack because you don't even need to buy the hardware to make the 51% attack, you just can rent it for 1 day make the 51% attack and be gone.

 But if you try to buy 51% of the coins to make 51% attack on PoS... that is just insane... it is much harder to do and you can't do it fast.

 Look on coinmarketcap the top 10 coins and tell me how many of them are pure PoW?!

 Dogecoin is more flexible than the old behemoths (Litecoin and Bitcoin), so the transition to PoS would be much more easier.

 

This is wrong.

Don't talk about things you have no idea how it works.

PoW is considered safer than PoS - if you google for it you will find out why.

[devphp]

PoW is considered safer than PoS - if you google for it you will find out why.

You can google a lot of nonsense, that doesn't prove anything

There is a lot of sensible analysis too, for example, google brings this http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/

[xman89]

I think Dogecoin should go PoS... the sooner the better. This is to protect it's investors. Because if the price is continuing to go down, in not so distant future it would be trivial to make 51% attack.

Really , how much do you know about PoS and it's vulnerability?
And what about the 51% attack against doge? Do you know how much it will cost?

It will be far cheaper to attack a full PoS coin.

 PoW is more easily to attack because you don't even need to buy the hardware to make the 51% attack, you just can rent it for 1 day make the 51% attack and be gone.

 But if you try to buy 51% of the coins to make 51% attack on PoS... that is just insane... it is much harder to do and you can't do it fast.

 Look on coinmarketcap the top 10 coins and tell me how many of them are pure PoW?!

 Dogecoin is more flexible than the old behemoths (Litecoin and Bitcoin), so the transition to PoS would be much more easier.

 

This is wrong.

Don't talk about things you have no idea how it works.

PoW is considered safer than PoS - if you google for it you will find out why.

 "Google it" is not an answer nor argument.

 Also PoW is not considered safer, because it is not safer. With PoW you can have anybody make an attack... but with PoS he needs to have a stake.

 Many alt coins that were victim to 51% PoW attack have become PoS. Nobody ever have gone from PoS to PoW.

 Can you show me just one coin that have gone from PoS to PoW?!  You can't because there are none.

[herecoming]

Doge back to 1 satoshi

Yes, because meme-coin is fail a priori.

[xman89]

 
 Everybody assumes that an PoW attacker should invest in hardware before the attack... no he should not. He would just use his Litecoin ASICs for 1 day and 1 attack on Doge. This is all it gets... it can happen tomorrow virtually at no cost for the attacker.

 Also he can attack as long as he wants... and we can't do anything. We can reverse the blockchain but he can attack again and again.

 Should we be forced by an attacker to go PoS?!

We should go PoS in a controlled way. That would be best for all, miners and investors.

[nicetry]

I still think you guys are way too worried about attack on this coin than what truly is making this coin going to the dumpsters.  Why do you think BTC rises even when ghash reached 51%+?  I don't think people care about a 51% attack until it HAS happened.  That's the typical investor mentality -- it's not a problem until the problem has happened.  Worry about the demand/supply of dogecoin, that's what's making it go down.

[hotdk]

The dogecoin systerm is DRYING UP, we need change!---Why Dogecoin's inflation need to be lower than USD's and why PoS is cheaper for running Dogecoin systerm.

1. Dogecoin is like a pool. When you buy something use dogecoin,  you are pumping water out from the pool. Because these dogecoin will be sold for USD. If no new water(USD) come in, the pool will be smaller and smaller till dry up. You use more dogecoin to buy things, the pool is drying up faster. We need new water(USD) in.  How? Why people hold dogecoin but not USD? If you put USD in bank,you get interest.  Dogecoin must be better then USD. That means Dogecoin's inflation must be lower than USD. Else people will sold dogecoin for USD of course if USD is better. Then the pool will be dry up soon! (People hold BTC,because they "think" BTC's inflation is lower than USD. )
 
2. Dogecoin is a systerm to transfer money. It should be cheaper than bank systerm. But Every year 5 Billion dogecoin is paid to run Dogecoin systerm( 7 months later).  It is very expansive! Because most of the 5B Dogecoin will be exchanged to USD to pay the power company and depreciation of mining machine!  If it is so expansive, why we don't use bank directly?  It need and must be changed. Change POW to PoS or something better. Don't wast money on electricity. It means nothing! Let's get a cheaper method to support the Dogecoin systerm. And make some interest for Dogecoin holder!

So my opinion is 1, lower Dogecoin's inflation than USD's. 2 Change to PoS to lower the cost to running the systerm and make some intertest for holder.  Else people will hold USD but not Dogecoin, the systerm will be die.   

Of course, you can't use PoS at the beginning, because no one will accept it. But dogecoin can use PoS now, not every coin have this opportunity. Let's make history and make dogecoin a real curreny.

I am a miner too. I know miner will be Centered to the lowest electricity fee place finally. Because it happens in China now. Then most cost will be the electricity fee. And it is not decentration at last. It will be centred to the Lowest cost miner. It is very dangerous. It is not profect now.

Sorry for my poor English.

[hotdk]

Some one say"a price increase from higher demand that is more than any price decrease caused by inflation."

But:
1.How could you calculate the demand? If the company don't hold the dogecoin. The demand actully will be very low. When we use dogecoin to buy things, we just shrink the dogecoin's value. You must give a reason to let people change USD to Dogecoin again. You must better than USD. Or it is just a exchange Intermediary. Demand will be very low.
2.The miner will be Centered to the lowest electricity fee place finally. Then most cost will be the electricity fee. And it is not decentration at last. It happens in China now! It is dangerous. That time 5B new dogecoin every year, 4 B will be paid to power company. It is absurd and not nessary. The system is too expansive. It must be and could be change cheaper than bank system. BTC and LTC have no chance now, they are too big to change. They will face the logical fault one day. but it is dogecoin's chance!

[hotdk]

Actually the inflation should compare to USD but not BTC or LTC(They will face the pressure later). You should give people a reason to invest on dogecoin. No investor, Dogecoin will be just a checkbook. User only buy dogecoin when they need use and the coin will be exchange back to USD immediatly by receiver. Buffett said Chechbook worth nothing itself. If investor can't be get benifit persistently( avoid the inflation), they will leave and the system will die. So Dogecoin must be better than USD at least. And cost too much electrcity fee too run this system is absurd. And the lowest cost miner will win at last and kill other miners. It is not decentration. Who will pay the electrcity fee finaly? Users. The cost to support the system should be the cheaper the better. It is a competitive world. The lowest cost coin system will be winner.

[hotdk]

1...Think about it:If the whole market only have two person, because buyer don't need to buy an other things immediatly(don't buy the dogecoin immediatly), the merchants can't sell the coin on the market. The system collapse. (This Situation is coming soon, the whole value of dogecoin is shrink to 20milion now, it can't support big merchant trade now) To avoid this, you need give people reason to hold dogecoin. It must be better than USD like people "think" BTC is. Or USD will kill this currence. Only to be a checkbook without bank( bank give interest to attrack Depositor）. the system will collapse day by day. Think about shopping months like December, without investor(Or you can call depositor) to Dogecoin. The transacion will kill the checkbook immediatly. Checkbook can't survival itself, only currence can. To be a currence you must be better than USD from the beginning, low inflation than USD or USD will kill you ,because there is no DOGECOIN government force people use dogecoin like other government currence.

2...4b of 5B will be to pay the electric fees. Belive me. The ASICs is 20nm chip now. When use 16nm chip it will be stop for years. The lowest electric fee miner will kill other miner in less than 6-10 months. That mean other miner's electric fees is higher than income. The winner will be with low profit too. It means most of the 5B every year will be paid for electric fees and Depreciation of machine. And the 5B can't be hold by miner, 5B have to be change to USD to pay the fees. There must to be find a way to avoid the meaningless cost and centralization.

[CryptoFanboy]

If you are searching for a profitable multipool you have to visit chunkypools.com

[apuestascoin]

Time for a bounce 

[lynn_402]

1. Dogecoin is like a pool. When you buy something use dogecoin,  you are pumping water out from the pool. Because these dogecoin will be sold for USD. If no new water(USD) come in, the pool will be smaller and smaller till dry up. You use more dogecoin to buy things, the pool is drying up faster.

The analysis you made on that thread's last few posts are fine, but I want to point out that you gave to much importance to the small problem quoted above.

Buying things with Dogecoins is fine, because that gives an incencitive for merchants to accept it, which gives legitimacy to the Dogecoin economy and thus is positive for the coin's value in the long run. Plus, I doubt there are more than a few million dogecoins spent everyday, and it's safe to say that many of the users buy back their coins after and/or spend them with merchant who keeps their dogecoin (a good number of the sellers on suchlist and other marketplaces do that).

The main problem, really, is the current hyperinflation which encourages multipools, who still are about half of dogecoin's hashrate, to dump more than 60 BTC worth of Dogecoin per day, plus the whales who are dumping since a few weeks (this is proved by the fact that the amount of Dogecoin in the 100 richest addresses dropped considerably).

[C10H15N]

I'd rather not see another pump.  A nice slow increase would be a good thing.

[manfred]

If Doge would change to PoS it would be a real unique coin. It probably would be the only coin with unlimited number of coins in an environment of unlimited number of PoS coins.
https://bitcointalk.org/index.php?topic=674029.0;topicseen 

[b00lean]

BitcoinATM that is now supporting Dogecoin by default.
https://www.youtube.com/watch?v=JRtrnNg_svA&index=3&list=PL52y4S7h04m4grMkdx6_BxHldao9vzp5x