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lynn_402
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July 23, 2014, 04:45:19 PM |
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PoS would be a bad move imo... which is probably what they will go to haha DoGE went perfect to start and ever since near Christmas it has been exact opposite of what I wanted to see. I am working on something for doge people to speculate on with DOGE rather than just btc/doge or ltc!  I love lil doge for whatever reason  Hope all is well Lynn. Why would it be a bad move? It would improve security since Doge is well distributed, and it would solve the inflation problem since it would be equally redistributed to everyone. By merge-mining with LTC, the big inflation rate could still be a problem. What will we be able to speculate on?  Hope all is well for you too! |
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phzi
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July 23, 2014, 11:04:39 PM |
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PoS would be a bad move imo... which is probably what they will go to haha DoGE went perfect to start and ever since near Christmas it has been exact opposite of what I wanted to see. I am working on something for doge people to speculate on with DOGE rather than just btc/doge or ltc! I love lil doge for whatever reason Hope all is well Lynn. Why would it be a bad move? It would improve security since Doge is well distributed, and it would solve the inflation problem since it would be equally redistributed to everyone. By merge-mining with LTC, the big inflation rate could still be a problem. What will we be able to speculate on? Hope all is well for you too! Proof of Share would be a horrible move for Doge, I think. Well distributed? you're kidding, right? http://bitinfocharts.com/top-100-richest-dogecoin-addresses.html32.68% of all coins are in only 6 address. 46.15% of coins are in only 66 addresses... Doge could get 51% stake attacked so easily under PoS. AuxPoW is the only viable option right now, and as the Doge hashrate and blockreward continues to decline, the community is rapidly losing the opportunity to get mining pools to add merge-mining. |
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lynn_402
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July 23, 2014, 11:52:06 PM |
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PoS would be a bad move imo... which is probably what they will go to haha DoGE went perfect to start and ever since near Christmas it has been exact opposite of what I wanted to see. I am working on something for doge people to speculate on with DOGE rather than just btc/doge or ltc! I love lil doge for whatever reason Hope all is well Lynn. Why would it be a bad move? It would improve security since Doge is well distributed, and it would solve the inflation problem since it would be equally redistributed to everyone. By merge-mining with LTC, the big inflation rate could still be a problem. What will we be able to speculate on? Hope all is well for you too! Proof of Share would be a horrible move for Doge, I think. Well distributed? you're kidding, right? http://bitinfocharts.com/top-100-richest-dogecoin-addresses.html32.68% of all coins are in only 6 address. 46.15% of coins are in only 66 addresses... Doge could get 51% stake attacked so easily under PoS. AuxPoW is the only viable option right now, and as the Doge hashrate and blockreward continues to decline, the community is rapidly losing the opportunity to get mining pools to add merge-mining. Why would the 6 owner of these adresses, who most likely are exchanges with no contact to each other, want to colaborate to destroy the coin when they hold such a huge amount of it? You have a fair point, but I think PoS is considerably better than the current system. I'm not totally against auxPoW either, but I don't trust LTC to maintain an high value for a long enough time to make it truly worthwhile to fork to be merge-minable with them. |
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phzi
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July 24, 2014, 07:04:43 AM |
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Why would the 6 owner of these adresses, who most likely are exchanges with no contact to each other, want to colaborate to destroy the coin when they hold such a huge amount of it?
You have a fair point, but I think PoS is considerably better than the current system. I'm not totally against auxPoW either, but I don't trust LTC to maintain an high value for a long enough time to make it truly worthwhile to fork to be merge-minable with them.
The doge community badly needs an education on how AuxPoW works... if you decide to be merge-minable, then you can be merge-mined with ANY parent chain - you aren't dependent on Litecoin, you're dependent on scrypt mining (just as you already are). So, as long as there is a strong scrypt mining network, you're good. And, considering all the investment going into scrypt mining hardware, do you really think it's going to fade away anytime soon? Pretty unlikely. That said, I want some of what you're smoking if you don't think Litecoin's exponential hashrate is an indication of where its value is headed. |
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FiniteByDesign
Legendary
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Activity: 1397
Merit: 1022
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July 24, 2014, 02:50:22 PM |
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 DOGE buy 4 get one free proof sale through the end of July! Put 5 DOGE proofs (copper, nickel or mixed) in your shopping cart and use the coupon code 'DOGE' at checkout and only pay for 4! 1 Ounce Nickel and 1 Ounce Copper DOGECOINS! Antique struck for durability! These proofs each come with a hologram for placement on the reverse of the proof. The customer can add a private key if they desire to add DOGE to the physical piece. Cost is $25 each, plus shipping and handling. Only 100 of each available. |
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lynn_402
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July 24, 2014, 04:48:32 PM |
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Why would the 6 owner of these adresses, who most likely are exchanges with no contact to each other, want to colaborate to destroy the coin when they hold such a huge amount of it?
You have a fair point, but I think PoS is considerably better than the current system. I'm not totally against auxPoW either, but I don't trust LTC to maintain an high value for a long enough time to make it truly worthwhile to fork to be merge-minable with them.
The doge community badly needs an education on how AuxPoW works... if you decide to be merge-minable, then you can be merge-mined with ANY parent chain - you aren't dependent on Litecoin, you're dependent on scrypt mining (just as you already are). So, as long as there is a strong scrypt mining network, you're good. And, considering all the investment going into scrypt mining hardware, do you really think it's going to fade away anytime soon? Pretty unlikely. That said, I want some of what you're smoking if you don't think Litecoin's exponential hashrate is an indication of where its value is headed. An high hashrate is only one of the many criterions which determine the price. Pesetacoin has an hashrate of about 200 Gh/s, and its market cap is still at less than 40 000$. Litecoin, having no considerable advantages over other coins and a small community, seems overrated to me. I know that auxPoW allows to merge-mine with any scrypt coin, but I don't think that any scrypt coin beside Doge has a bright future. |
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phzi
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July 24, 2014, 05:37:19 PM |
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An high hashrate is only one of the many criterions which determine the price. Pesetacoin has an hashrate of about 200 Gh/s, and its market cap is still at less than 40 000$. Litecoin, having no considerable advantages over other coins and a small community, seems overrated to me.
I know that auxPoW allows to merge-mine with any scrypt coin, but I don't think that any scrypt coin beside Doge has a bright future.
I find this comment very odd; it's clear that Dogecoin has no future as a scrypt PoW coin - the network is horribly insecure these days, and that security continues to decline with each passing week. Your comment that Litecoin has no considerable advantage stands as evidence that you don't understand blockchain security and orphan resistance, and how these are the fundamental properties of a good crypto coin. Everything else is really just fluff at this point, and that's why the most secure chains are #1 and #2 in marketcap. |
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hotdk
Newbie
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Activity: 27
Merit: 0
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July 25, 2014, 08:59:27 AM |
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Why would the 6 owner of these adresses, who most likely are exchanges with no contact to each other, want to colaborate to destroy the coin when they hold such a huge amount of it?
You have a fair point, but I think PoS is considerably better than the current system. I'm not totally against auxPoW either, but I don't trust LTC to maintain an high value for a long enough time to make it truly worthwhile to fork to be merge-minable with them.
The doge community badly needs an education on how AuxPoW works... if you decide to be merge-minable, then you can be merge-mined with ANY parent chain - you aren't dependent on Litecoin, you're dependent on scrypt mining (just as you already are). So, as long as there is a strong scrypt mining network, you're good. And, considering all the investment going into scrypt mining hardware, do you really think it's going to fade away anytime soon? Pretty unlikely. That said, I want some of what you're smoking if you don't think Litecoin's exponential hashrate is an indication of where its value is headed. PoS is a good way to against the inflation. Don't like POW, no one could make 51% on PoS on PoS2. PoW is thought good to distribution, but 46.15% of coins are in only 66 addresses... When 100B dogecoin finished. distribution is not that important. PoS is better that time. |
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maese123
Member
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Activity: 72
Merit: 10
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July 25, 2014, 12:29:38 PM |
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Dogecoin community is a family, poor family  |
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buddynuno
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July 25, 2014, 12:35:51 PM |
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Dogecoin community is a family, poor family In life, you will come to understand that as long you have love and a family, you will never be poor. |
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lynn_402
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July 25, 2014, 01:05:27 PM |
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Dogecoin community is a family, poor family It's still worth 20 million dollars though  |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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July 26, 2014, 02:39:43 AM |
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"Digital currency is more than a novelty," says Chief Operating Officer Ilya Subkhankulov. "Major merchants including Expedia and Newegg are validating the market, whilst increasing regulatory clarity is giving more confidence in the stability and value of the technology." "However, as the process of acquiring their first coins remains too complex, most consumers are excluded from this revolution. Bitcoin-mining computers are too expensive for most users, while acquiring coins from an exchange requires initiating wire transfers and can take up to five days. "Celery keeps things simple by using friendly language, only asking for basic sign-up information and using direct bank funding, meaning customers can use their first coins from their new Celery wallet dashboard within just three to four business days." ^^^Looks like a great option, and it's nice to see the New York state regulations didn't slow them down. |
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futile-resistance
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July 26, 2014, 03:01:17 AM |
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"Digital currency is more than a novelty," says Chief Operating Officer Ilya Subkhankulov. "Major merchants including Expedia and Newegg are validating the market, whilst increasing regulatory clarity is giving more confidence in the stability and value of the technology." "However, as the process of acquiring their first coins remains too complex, most consumers are excluded from this revolution. Bitcoin-mining computers are too expensive for most users, while acquiring coins from an exchange requires initiating wire transfers and can take up to five days. "Celery keeps things simple by using friendly language, only asking for basic sign-up information and using direct bank funding, meaning customers can use their first coins from their new Celery wallet dashboard within just three to four business days." ^^^Looks like a great option, and it's nice to see the New York state regulations didn't slow them down. Site is down from too much traffic. Haha. |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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July 26, 2014, 05:50:23 AM |
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"Digital currency is more than a novelty," says Chief Operating Officer Ilya Subkhankulov. "Major merchants including Expedia and Newegg are validating the market, whilst increasing regulatory clarity is giving more confidence in the stability and value of the technology." "However, as the process of acquiring their first coins remains too complex, most consumers are excluded from this revolution. Bitcoin-mining computers are too expensive for most users, while acquiring coins from an exchange requires initiating wire transfers and can take up to five days. "Celery keeps things simple by using friendly language, only asking for basic sign-up information and using direct bank funding, meaning customers can use their first coins from their new Celery wallet dashboard within just three to four business days." ^^^Looks like a great option, and it's nice to see the New York state regulations didn't slow them down. Site is down from too much traffic. Haha. They can afford to deal with NY Gov't regulations, but they don't invest in top notch hosting? How..? Why? |
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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July 26, 2014, 12:34:30 PM |
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Dogecoin community is a family, poor family A family is not enough to make something succeed. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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July 26, 2014, 02:03:20 PM |
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Dogecoin community is a family, poor family A family is not enough to make something succeed. The Dogecoin community is very large (on Reddit), so it is not a "family". |
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voephilis
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July 26, 2014, 03:36:05 PM |
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doge has a huge potential. But something has to happen. Otherwise the future of this great coin will look really bad and this would make me sad.
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lynn_402
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July 26, 2014, 06:42:37 PM |
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Miners, be aware; the pool SimpleDoge is giving 2% bonus on every blocks for the next few days!
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