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

[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

[seandaniel]

Dogecoin is increasing again. nice to see

lucky i bought 2 days ago around  5 BTC.

[mstrongbow]

Anyone have a list handy of Dogecoin pools for running Asics? Currently I have some modded Gridseed orbs but may upgrade to newer/better equipment soon.

I am currently mining with Fast-Pool.com but prefer HashFaster pool although I have been unable to get my modded orbs to hash properly @HashFaster pool.

Thanks

[ThomasCrowne]

Boy I sure am glad I decided to buy into this freaking coin when it was ~78

Talk about the long-con

[mstrongbow]

[PSA]-STAY AWAY FROM WWW.FAST-POOL.COM!!!

[nicetry]

Boy I sure am glad I decided to buy into this freaking coin when it was ~78

Talk about the long-con

Hey, negativity will only get you labeled a troll around here.  Do it with caution  

By the "long-con" you don't mean the people that constantly try to pump the coin in this thread, do you?

[nicetry]

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  

Nice sarcasm.  Coming from the guy that said PoW is "backed" by energy (who obviously has no clue what "backed" even means, https://bitcointalk.org/index.php?topic=361813.msg7624335#msg7624335), I think we should take our chances changing it to a PoS coin.  If we change it right now, somehow I have a feeling 85 billion coins (with hopefully a low inflation rate) is going to sound a whole lot better than 100 billion + 5 billion every year.  And I love your definition of "unlimited" by the way.  I guess there must be different levels of inifinity.  So if 85 billion is infinity, PoW dogecoin with 100 billion + 5 billion a year must mean infinity + 20 billion? is that how your math works?

Way to further make up/exaggerate things.  You are ALMOST at the level of Lynn when it comes to making ignorant statements (the difference between you and him? at least you TRY to make yourself sound smart), and that is pretty sad.

[hotdk]

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).

If I only have USD1000, I exchange it to Dogecoin. Then I use the dogecoin to buy a TV worth USD1000. How could I get the dogecoin back? The merchant will sell the dogecoin in market for sure. If dogecoin is only a checkbook, it can't work at last. Becase checkbook worth nothing itself. You need to make dogecoin to be a gold itself.(Gold is considered to be against inflation) .You need to make dogecoin better than USD( lower inflation than USD at least).  Then people could deposit dogecoin. If dogecoin is more inflation than USD, people will not hold dogecoin for sure. You can fool people for a time, but you can't fool them all the time.

[41136169]

Hi, I heard Dogecoin will be used in Voidsoace game, is it a good news? when will the game be played?  Game said you can mine dogecoin in game

[hotdk]

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  

Nice sarcasm.  Coming from the guy that said PoW is "backed" by energy (who obviously has no clue what "backed" even means, https://bitcointalk.org/index.php?topic=361813.msg7624335#msg7624335), I think we should take our chances changing it to a PoS coin.  If we change it right now, somehow I have a feeling 85 billion coins (with hopefully a low inflation rate) is going to sound a whole lot better than 100 billion + 5 billion every year.  And I love your definition of "unlimited" by the way.  I guess there must be different levels of inifinity.  So if 85 billion is infinity, PoW dogecoin with 100 billion + 5 billion a year must mean infinity + 20 billion? is that how your math works?

Way to further make up/exaggerate things.  You are ALMOST at the level of Lynn when it comes to making ignorant statements (the difference between you and him? at least you TRY to make yourself sound smart), and that is pretty sad.

My reason to change to PoS is POW is too expansive and wast of money. as the litecoin's price lower and lower and the ASIC's can't be improve Efficiency. You will see this soon: Miner A dig 1M dogecoin a day, and he need pay 0.95M to electric fee; Miner B dig 1 M dogecoin a day too, but he need to pay 1.01M to electric( Because his electric company is expansive than A). Then miner B have to stop the equipment or sell the equipment to the miner who can get cheaper electric. Miner A is survive,but anyway he have to pay 0.95M to electric.  5B new dogecoin a year? 4B will be exchanged to USD to pay electric fee at least. Power company pumping USD out of the market every year. It need to be avoid.

PoS is expansive too if 5B a year. But at least it could atrack people to deposit money to dogecoin to make the system run.

My Opinion: to run a system, the cheaper the better. Too many cost will ruin the system itself.

[franckuestein]

COMKORT, maybe you can work in a good marketing campaign to have + volume, don't you think so?

Doge need to grew up to climb another time and you can do it, too!

[bep42]

Join us now on Kingcoiny and trade your Dogecoin 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
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