Will Dogecoin ever be more than a joke?

[guybrushthreepwood]

http://www.reddit.com/r/dogecoin/comments/1tottg/dogewallet_hacked_21_million_dogecoins_stolen/

There has been a lot of controversy over dogecoin since it came out. Whatever you do, don't use dogewallet. In fact, with any crypo currency, don't use an online wallet to hold your funds. Additional controversy over doge will either run it into the ground or send it to the moon. I personally hope it sends it into the ground. Doge seems to be just another flash in the pan coin. If it ends up becoming huge I think it will adversely effect the entire crypto currency market. Normal people just can't take a name like "doge" seriously, especially when people who have never seen the term think it is "dodge" coin.

How much is that? About 50 dollars? lol

[ch00dybcn]

Doge has great PR and strong community. It'll survive.

[nahallacman]

http://www.reddit.com/r/dogecoin/comments/1tottg/dogewallet_hacked_21_million_dogecoins_stolen/

There has been a lot of controversy over dogecoin since it came out. Whatever you do, don't use dogewallet. In fact, with any crypo currency, don't use an online wallet to hold your funds. Additional controversy over doge will either run it into the ground or send it to the moon. I personally hope it sends it into the ground. Doge seems to be just another flash in the pan coin. If it ends up becoming huge I think it will adversely effect the entire crypto currency market. Normal people just can't take a name like "doge" seriously, especially when people who have never seen the term think it is "dodge" coin.

How much is that? About 50 dollars? lol

on BTer right now the exchange rate is about 0.00000083 or 83 satoshi. If we say 21 million doge were stolen and sold at that amount it would be worth 1743000000 satoshi or 17.43 BTC. Seems like a lot more than 50 dollars IMO.

[Dag0d]

i think doge is the next bitcoin it´s not just a joke!

[mehdaille]

It will never be a real aterno-cryptocurrency. Just looks at the amount of coins, 2 weeks after the launch .
And really too easy to obtain .

[hilariousandco]

i think doge is the next bitcoin it´s not just a joke!

Reasons for this?

[51trillion]

What makes you think so???

Their site is down had mined some now dont have any loose change will be appreciated


D9tRNagcwhqyQb5cJ9bNKDY1M12BvH6GPo

[gingerjar]

you think doge is a joke?

[black_swan]

Prepare yourself for the dogepocalipse, it's going to be worth less than a satoshi today!

http://global3.memecdn.com/dead-dog_o_1073728.jpg

[TRIONYMOUS]

Yes.

[Sberbank]

Catcoin is already hot despite its disastrous launch

[asdgha]

I personally think Dogecoin is pretty genius. I know I am in a big minority here, but I don't see Dogecoin as being any more of a joke than any other cryptocurrency. Every single Cryptocurrency essentially amounts to a big pyramid scheme where early adopters are the ones who stand to gain the most if their crypto currency becomes "successful".

And success as far as Cryptocurrencies go, has a lot to do with how many people adopt it, mine it and are willing to trade and sell it or exchange it for services. Just like Pyramid schemes, it's all about marketing and getting enough people to buy into the system. And in that, Dogecoin has excelled because it has gotten average, non-technical folk interested and adopting it. Mostly for the lols, but it really doesn't matter why they are adopting it. What matters is that there are tons of folks who would never give a shit about more "elite" cryptocurrencies, who are setting up wallets, participating in the Doge community and also getting into mining.

Every other serious alt cryptocurrency here would absolutely love the same amount of exposure and interest that Doge has, except they don't want it to be because of a stupid dog meme. It hits a raw nerve because in a sense, it is a perfect parody of the entire cryptocurrency system.

I'm still mining Dogecoins just for fun and to throw them around at others on Reddit and elsewhere. The community is a lot more laid back than any other crypto community and while it would be great if it actually took off to be of some monetary significance, plenty of people are just happy mining and exchanging Doge for fun and have no misguided notions of all the riches they might accrue with Dogecoins.

In the end Dogecoins are great for the cryptocurrency community because it will get a lot of newbies into Cryptocurrencies, and inevitably, many will diversify and end up adopting other cryptocurrencies.

However, fundamentally, I dislike the basic premise of Cryptocurrencies where early adopters and those with lots of money to burn on expensive and pointless mining rigs essentially "Get rich". For something that is supposed to be so anti-establishment, I would have hoped people would have adopted a system that would be less likely to divide people into the Haves and Have-nots

While Doge currency also has these same issues, the easy availability of Doge coins and the willingness of the community to share the wealth makes it a lot more fun and worthwhile for outsiders and those new to cryptocurrencies. The unfortunate reality for hardcore cryptocurrency folks is that a fun/stupid meme coupled to a digital currency is a lot more endearing and interesting to the average person than some uber elite crypto currency that no one has heard about.

[gingerjar]

Doge (/ˈdoʊdʒ/ DOHJ or /ˈdoʊɡ/ DOHG) is an Internet meme that became popular in 2013.[1][2] The meme typically consists of a picture of a Shiba Inu dog, often with text written in Comic Sans in the foreground. The text is deliberately written in broken English, following the format of "such x", "many x", "very x" and "so x".[1][3] The word "wow" is often used in the meme.[1]

The meme's origin has been much traced back to the Shiba Confessions Tumblr blog.[4][dubious – discuss] Pictures on the blog have an extremely similar theme and look to Doge images. The Shiba Confessions blog, and later the actual Doge meme, have both been covered on BuzzFeed.[5][6][7] However, the use of the misspelled "doge" dates back to June 2005, when it was mentioned in an episode of Homestar Runner’s puppet series.[8] In August 2013, images of the meme were spammed on Reddit by 4chan's random imageboard, /b/.[9] A search of the term doge on Google Trends shows an explosion of popularity occurring in October 2013, and more so in the following month.[10] By November 2013, the meme had become widespread on the internet.[11] Google later created a Doge easter egg when doge meme was entered into the YouTube search bar.[12] The meme was ranked #12 on MTV's list of "50 Things Pop Culture Had Us Giving Thanks For" in 2013.[13] Io9 compared the internal dialog of the Shiba Inu dogs to Lolcat-speak.[14] The image most commonly associated with the meme is of a female Shiba Inu named Kabosu, taken from a blog documenting the dog's daily activities.[15] The spelling of doge has several variants, leading to debate on its actual pronunciation.[8][16] On December 13, Doge was declared Know Your Meme's "top meme for 2013" by NBC News.[17]

In July a page for Doge was added to Know Your Meme. As of December 22, with 34 external references, it was still considered a submission, being researched and evaluated.[18]

In December, the Dogecoin was introduced as a new cryptocurrency, making it the first cryptocurrency to be based on an Internet meme,[19][20][21][22][23][24]a viral phenomenon which, along with the usage of comic sans, gave it "the Internet density of a large star."[25]

http://upload.wikimedia.org/wikipedia/en/4/4e/Shibe_Inu_Doge_meme.jpg

http://en.wikipedia.org/wiki/File:Shibe_Inu_Doge_meme.jpg

[SantaMuerte]

I can´t see a single reason why Dogecoin would be a success.
It started as a joke, and will end as a even bigger joke.

TrollCoin 

[hilariousandco]

I personally think Dogecoin is pretty genius. I know I am in a big minority here, but I don't see Dogecoin as being any more of a joke than any other cryptocurrency. Every single Cryptocurrency essentially amounts to a big pyramid scheme where early adopters are the ones who stand to gain the most if their crypto currency becomes "successful".

They're not pyramid schemes, but people are treating them like they are.

[asdgha]

I personally think Dogecoin is pretty genius. I know I am in a big minority here, but I don't see Dogecoin as being any more of a joke than any other cryptocurrency. Every single Cryptocurrency essentially amounts to a big pyramid scheme where early adopters are the ones who stand to gain the most if their crypto currency becomes "successful".

They're not pyramid schemes, but people are treating them like they are.

If so - What incentive is there for someone new to cryptocurrencies to get into something like BTC? Mining is pretty much hopeless unless you are willing to spend tons on highly specialized mining rigs. Given the volatility in BTC value, investing USD to buy BTC is a financially dumb and risky move and pretty much amounts to gambling. So why/how should Joe Schmo get into BTC at this stage and how is it going to be in his interest to do so? From the outside looking in, it looks like all the early adopters want Joe Schmo and all his buddies to adopt BTC and invest money into it, so they can cash out and make their money.

[xar]

dogecoin was never a joke

[lightfoot]

I think it's a joke, but then again in 1994 I wrote the first E-commerce web site as a screaming joke. Didn't expect more than 2 people to use it, we got 100+ people to sign up for the conference.

That code was in use for 18 years. Go figure.

C

[dejikocv]

Sometimes jokes makes a big ball, and then it is difficult to stop. Hopefully Dogecoin doesn't die....

[yaright]

How much Dogecoin do you think the naysayers have actually mined, as someone new to mining, it is a great opportunity to get a larger reward for the time spend mining. I do not have the greatest rig, or the money to shovel into a great rig, it is fun to learn about the different alt-currencies and eventually I and other may be able to afford such rigs that would allow us to mine the coins others see as valuable. I see Doge as valuable.

Just my 3 cents