Bitcoin trending down. Dogecoin trending up.

[Chemistry1988]

Who is paying with DOGE for goods and what merchants accept DOGE?

I think there is a bakery and a salt shop accepting doge =)))))))))

Really?

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[pungopete468]

Ask yourself this; what problem does dogecoin solve?  

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I'm bullish BTC long-term but I recently bought some DOGE cos I like em and think they're funny. Perhaps the joke will get old and people will walk away, but people thought Bitcoin was a joke in 2011, and it's still here. Gode also have a way stronger community than BTC, less full of trolls and jaded types. They also have a decent dev community - though not as adept as Bitcoin's.

I can answer that quickly...

Dogecoin will never be more than a joke. It was designed as a joke, launched as a joke, and based off of a joke. Bitcoin isn't a joke to me and countless others... It's actually something I feel worthwhile; something bigger than just another form of fiat. Bitcoin has the support of my core ideology.

The same psychology that drives people to Dogecoin is driving me to Bitcoin and Litecoin; unlike Dogecoin though, Bitcoin isn't just a joke... Litecoin has my attention primarily as a hedge just in case there is a flaw in Bitcoin some day; I like the scrypt mining too. Litecoin was also developed with the same ideology within its user base.

Ask anybody who suffers from the unilateral decision to empty their bank accounts or bail-in their central banks about how funny that is. This isn't a joke to people who have been under the magnifying glass...

[stompix]

Who is paying with DOGE for goods and what merchants accept DOGE?

I think there is a bakery and a salt shop accepting doge =)))))))))

Really?

Really

[chesthing]

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

[stompix]

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

I'm pretty sure that doge has a bright future , with a dev that doesn't have a clue how many coins he has created in the first place.
A clone is a clone , destined to lurk in the shadows forever.

[pungopete468]

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

You neglect the content of these transactions which is the most important part of the function for which a transaction serves.

How many DOGE transactions were actually payment for labor? How about goods? Just because people throw DOGE around as a tip speaks more truth about the perception of value in Dogecoin. People hold it as worthless and as such are eager to tip it away...

How many Deutschmarks do you think were spammed around after the hyper-inflationary period of the Wiemar Republic? Do you think that the huge volume gave them some additional store of value?

[meanig]

The Dogecoin co-founder has a hard on for regulation and he's somehow in talks with supposed VC people about getting them involved about doing some too secret to talk about serious business. He also thinks Bitcoiners are assholes. Very classy from the leader of the friendliest and most loved up group on the internet.

http://www.techly.com.au/2014/02/17/dogecoin-founder-turned-half-million-dollars-f/

Dogecoin founder Jackson Palmer has thrown down the gauntlet to the cryptocurrency community declaring that neither he nor his digital currency are for sale, despite huge offers of investment from Australian venture capitalists.

At an Australian meet-up on Thursday night organised via Reddit, where Dogecoin’s community was started, the Sydney-based founder told Techly he is also calling for government regulation of cryptocurrencies – a move that’s unlikely to make him any friends in the Bitcoin community.

Palmer characterised Bitcoin types as “an elitist little group you have to ask for an invite to, whereas Dogecoin is more a grassroots community thing.”

“You can go to a Bitcoin meet up and meet people who are like ‘I have 100 BitCoins, I’m a multimillionaire’,” he said.

“Dogecoin is the community’s currency, open to everyone, and that’s how I want to keep it.”
The big end of town wants in – but Palmer isn’t interested

It’s clear Palmer is totally disinterested in any short-term gain Dogecoin could afford him. A purist, he believes Dogecoin is “the internet’s currency” and end users will decide its success or failure.

In fact on Thursday, Palmer told Techly he turned down half a million dollars from two venture capitalist (VC) firms.

“I’ve been approached by VCs lately who want to cash in on this Dogecoin thing and they’re offering me what in reality is ridiculous amounts of money.

“And I’m sitting there quietly with them saying ‘I want to throw X amount of dollars at this’ and I’m like, ‘take a step back, it’s a dog on a coin’. Has the world gone mad?”

Techly can confirm Palmer met with one Australian VC firm, which shall remain nameless. A spokesperson did not discuss how much money the firm offered Palmer for Dogecoin but confirmed to Techly a meeting did indeed take place.

“The firm’s inquiries into Dogecoin are in the preliminary stage,” the spokesperson said.

Palmer claims a second meeting was held with a US firm, which has failed to return Techly’s emails for confirmation.

And if that throw down wasn’t already enough, Palmer has laid down the gauntlet to the Bitcoin community – which is fiercely anti-regulation – advocating for the Australian government (and others) to regulate and legitimise cryptocurrencies.

“I do ultimately think we need to regulate around this stuff otherwise you will not gain the trust of the average Joe who wants to put $100 into whatever digital currency they’re using.

“That said, we shouldn’t be putting all our faith in centralised institutions because that gets us to where we have landed today.

“The Canadian Government has already decided to regulate against cryptocurrencies and I think that’s absolutely awesome. The fact that a government is even talking about cryptocurrency in the first place is like, booyah. That’s a massive boon for the whole thing.”

Mr Palmer’s hope is that governments will learn about virtual currencies like Dogecoin, understand how they work and eventually see it’s a currency that is facilitating good.

[stompix]

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

You neglect the content of these transactions which is the most important part of the function for which a transaction serves.

How many DOGE transactions were actually payment for labor? How about goods? Just because people throw DOGE around as a tip speaks more truth about the perception of value in Dogecoin. People hold it as worthless and as such are eager to tip it away...

How many Deutschmarks do you think were spammed around after the hyper-inflationary period of the Wiemar Republic? Do you think that the huge volume gave them some additional store of value?

It would be interesting to see how many of those transactions are payout for the miners and people rushing their coins to exchangers.

[stompix]

The Dogecoin co-founder has a hard on for regulation and he's somehow in talks with supposed VC people about getting them involved about doing some too secret to talk about serious business. He also thinks Bitcoiners are assholes. Very classy from the leader of the friendliest and most loved up group on the internet.

http://www.techly.com.au/2014/02/17/dogecoin-founder-turned-half-million-dollars-f/

Dogecoin founder Jackson Palmer has thrown down the gauntlet to the cryptocurrency community declaring that neither he nor his digital currency are for sale, despite huge offers of investment from Australian venture capitalists.

At an Australian meet-up on Thursday night organised via Reddit, where Dogecoin’s community was started, the Sydney-based founder told Techly he is also calling for government regulation of cryptocurrencies – a move that’s unlikely to make him any friends in the Bitcoin community.

Palmer characterised Bitcoin types as “an elitist little group you have to ask for an invite to, whereas Dogecoin is more a grassroots community thing.”

“You can go to a Bitcoin meet up and meet people who are like ‘I have 100 BitCoins, I’m a multimillionaire’,” he said.

“Dogecoin is the community’s currency, open to everyone, and that’s how I want to keep it.”
The big end of town wants in – but Palmer isn’t interested

It’s clear Palmer is totally disinterested in any short-term gain Dogecoin could afford him. A purist, he believes Dogecoin is “the internet’s currency” and end users will decide its success or failure.

In fact on Thursday, Palmer told Techly he turned down half a million dollars from two venture capitalist (VC) firms.

“I’ve been approached by VCs lately who want to cash in on this Dogecoin thing and they’re offering me what in reality is ridiculous amounts of money.

“And I’m sitting there quietly with them saying ‘I want to throw X amount of dollars at this’ and I’m like, ‘take a step back, it’s a dog on a coin’. Has the world gone mad?”

Techly can confirm Palmer met with one Australian VC firm, which shall remain nameless. A spokesperson did not discuss how much money the firm offered Palmer for Dogecoin but confirmed to Techly a meeting did indeed take place.

“The firm’s inquiries into Dogecoin are in the preliminary stage,” the spokesperson said.

Palmer claims a second meeting was held with a US firm, which has failed to return Techly’s emails for confirmation.

And if that throw down wasn’t already enough, Palmer has laid down the gauntlet to the Bitcoin community – which is fiercely anti-regulation – advocating for the Australian government (and others) to regulate and legitimise cryptocurrencies.

“I do ultimately think we need to regulate around this stuff otherwise you will not gain the trust of the average Joe who wants to put $100 into whatever digital currency they’re using.

“That said, we shouldn’t be putting all our faith in centralised institutions because that gets us to where we have landed today.

“The Canadian Government has already decided to regulate against cryptocurrencies and I think that’s absolutely awesome. The fact that a government is even talking about cryptocurrency in the first place is like, booyah. That’s a massive boon for the whole thing.”

Mr Palmer’s hope is that governments will learn about virtual currencies like Dogecoin, understand how they work and eventually see it’s a currency that is facilitating good.

Do you think the average doge user has the required attention span to go through all that text ?

[chesthing]

I fail to see Dogecoin as a joke when it's completely kicked btc's ass as an investment since it was created. Check btc value in early Dec vs now, then Doge when it was created in Dec and now if you don't buy it.

You're seriously comparing the entire lifespan of dogecoin (2 months lol) with the performance of bitcoin in only the last two months of its 4+ years of existence? Without bitcoin dogecoin wouldn't even exist, it's just an old copy of litecoin with a meme behind it and decent marketing. Let's talk again in a year from now, I'm willing to bet that even litecoin will easily outperform dogecoin in the course of an entire year. Silly hypes never last very long, and nobody is going to take a coin like dogecoin seriously. I give dogecoin 4 more months at most until people get bored of it and it will die a slow death. Good luck with your delusions.

What's remarkable is in only 2 months (lol) dogecoin daily transactions have surpassed btc, which as been around 4+ years.
You are the delusional one if you really think bitcoin will be the top coin forever.

You neglect the content of these transactions which is the most important part of the function for which a transaction serves.

How many DOGE transactions were actually payment for labor? How about goods? Just because people throw DOGE around as a tip speaks more truth about the perception of value in Dogecoin. People hold it as worthless and as such are eager to tip it away...

How many Deutschmarks do you think were spammed around after the hyper-inflationary period of the Wiemar Republic? Do you think that the huge volume gave them some additional store of value?

I don't know what the transactions are used for and I don't care. What matters is people are paying attention to it and using it, and spreading the word. No matter how annoying it is to bitcoin snobs, this is what needs to happen on a huge scale for any crypto to ever come close to being mainstream. Marketing rule of 7 - people need to see something 7 times before it registers and all that rot.

[pungopete468]

I don't know what the transactions are used for and I don't care. What matters is people are paying attention to it and using it, and spreading the word. No matter how annoying it is to bitcoin snobs, this is what needs to happen on a huge scale for any crypto to ever come close to being mainstream. Marketing rule of 7 - people need to see something 7 times before it registers and all that rot.

This is true for most consumer products or brands. The rule of 7 is a good rule, but it mostly applies in situations where consumers are complacently making day-to-day transactions and not really paying close attention to anything outside of their little bubble.

If you apply the rule of 7 to things based on ideology or necessity it falls apart quickly. I think many people will realize the necessity of decentralized crypto currencies while using Dogecoin or Bitcoin; the only difference is that Dogecoin has no hope of maintaining a consumer base once the users determine crypto currency is considered a necessity.

Imagine Dogecoin as a Global Reserve Currency... It's absolutely not going to happen. Human psychology would literally block it out with full force.

I'm not saying Dogecoin is bad; on the contrary. It's like a doorway to crypto for a large number of people. It's a good thing for the long term.

I'm illustrating my opinion as to why I don't consider it to be a contender with Bitcoin in the global finance arena...

Psychologically, people would rather put their life's wealth into a currency used by all manners of snobby, greedy, and elitist people rather than a currency based on a funny dog meme...

I'm sure there are plenty of people here who will disagree with my opinion.

[PirateHatForTea]

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I can answer that quickly...

<Doesn't answer it at all, just talks about Doge and how it's a joke>

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

[traderCJ]

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I can answer that quickly...

<Doesn't answer it at all, just talks about Doge and how it's a joke>

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

None, really.  It has more to do with public consensus than anything else.  Assets like gold and real estate arguably have the strongest value consensus behind them, just given historical momentum.  Similarly, Bitcoin has stronger value consensus than Dogecoin.  But lets not kid ourselves .. The internet has been around in some form for roughly 30 years.  Bitcoin has been around 5 years.  Dogecoin, a few months.  On the human timeline, these are mere blips.  They are all nascent technologies and there is little reason to assume one will definitely triumph over the other given such short incubation periods.  Everything, and I mean everything in this cryptocurrency universe is still in beta testing.  Invest accordingly.

[pungopete468]

Ask yourself this; what problem does Bitcoin solve that Dogecoin does not?

I can answer that quickly...

<Doesn't answer it at all, just talks about Doge and how it's a joke>

I'll ask again. What problem does *Bitcoin* solve that Doge does not?

I guess I need to simplify.

Bitcoin can be psychologically accepted by people who wish to solve the problem we are trying to solve. Bitcoin potentially has the tools to solve this problem and the ideologically motivated workers to accomplish this goal.

Dogecoin has a built in psychological wall around itself that can never be breached. Dogecoin has the same tools but without the ideologically motivated workers to utilize them. They're all turned off because it's just a joke.

Dogecoin can never solve the problem that Bitcoin hopes to solve because it will always be a joke which fundamentally repels legitimate business and the "store of wealth" property of a currency...

I hope this is a more satisfactory answer.

[chesthing]

Who the hell is talking about it becoming the world currency? all it needs to do is be worth a penny someday and anyone taking it seriously as an investment today will be rich. Bitcoin needs to make it to $10k for the same payoff with todays investment. Considering they both do the same thing, I think the odds of each case favors Doge.

[derpinheimer]

lol dogecoin.

Go tell your mom and pop to invest in Dogecoin ok?

Its never going to become anything. The name alone is the reason for its success, and why it cant ever be significant.

[pungopete468]

Who the hell is talking about it becoming the world currency? all it needs to do is be worth a penny someday and anyone taking it seriously as an investment today will be rich. Bitcoin needs to make it to $10k for the same type of payoff. Considering they both do the same thing, I think the odds of each case favors Doge.

I thought you were asking about solving problems, not getting rich faster. Bitcoin as a future reserve currency would actually solve several problems.

Solving a problem has a binary output, 1 or 0. Getting rich on speculation is a blind guess based on probability and timing vs. reality.

Bitcoin has supporters who have no interest of ever selling for centralized currency. If we hope to get rich, it will be rich in Bitcoin and not in pennies.

[traderCJ]

I think you guys are missing his point, or I'm giving him too much credit .. he is suggesting that from a technical standpoint, there isn't anything one coin can do that another can't do.  In fact, it's sort of a self-evident statement, assuming that the source code is public.  Technical strengths and weaknesses aside, it's simply a matter of what "the people" choose.  Marketing, that is.  This should concern anyone who invests heavily in one coin expecting it to be "teh winnar".

[pungopete468]

I think you guys are missing his point, or I'm giving him too much credit .. he is suggesting that from a technical standpoint, there isn't anything one coin can do that another can't do.  In fact, it's sort of a self-evident statement, assuming that the source code is public.  Technical strengths and weaknesses aside, it's simply a matter of what "the people" choose.  Marketing, that is.  This should concern anyone who invests heavily in one coin expecting it to be "teh winnar".

No, you're right. That is his point.

Technically Doge has the tools to solve the problem, but it's like tossing a hand gun on a quadriplegic's lap and demanding a duel.

[derpinheimer]

I think you guys are missing his point, or I'm giving him too much credit .. he is suggesting that from a technical standpoint, there isn't anything one coin can do that another can't do.  In fact, it's sort of a self-evident statement, assuming that the source code is public.  Technical strengths and weaknesses aside, it's simply a matter of what "the people" choose.  Marketing, that is.  This should concern anyone who invests heavily in one coin expecting it to be "teh winnar".

Bitcoin wont end up being the main virtual currency; but it will probably remain #1 for awhile yet.

Some of the more interesting coins like Ultracoin/Vertcoin will end up taking Bitcoins place.

Although I suppose it is possible for bitcoin to "win", it really shouldnt.