Dogecoin on the brink

[DieJohnny]

I took a look at the Cryptsy order book today and I have no idea what is keeping the price up at all. There are so many sell orders above current strike price and so few buy orders all the way down, down, down. There just really is no buy order resistance. It seems one big miner that decides to get btc and cash out the price would crash to oblivion.

is Dogecoin about to enter the ranks of Franko and other well meaning coins that are now worthless 1s and 0s on a stupid hard drive?

[defaced]

I sure hope not! Cause if 1 DOGE were to fall to the price of 1 FRK, the world economy might just collapse.

[iGotAIDS]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

[defaced]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

They have been worth less today then yesterday, wonder if that bitcoin uptrend is going to slow down today.

[DubFX]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Why all, even innovative ones?

[BitJohn]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Actually they are worth what someone will pay for them so each is worth something many a significant something. I already made a post on the hows and whys and included it for reference.

Had an opportunity to preach on alt coins quite a bit at the Inside Bitcoin convention in NY City. Met lots of Bitcoin purists who just had no taste for alternative coins and plenty of alt coin lovers all with great and unique ideas.

A few altcoins were well represented at the conference eMunie had a booth on the floor, DOGE coin (of course), Bitshares folks, Florincoin just to name a couple of them.
Figured I would share why I think Altcoins are important to Bitcoin. Altcoins are a grand experiment a giant lab where tweaks and changes to the blockchain give live (mostly) working examples of how a blockchain can work under different conditions.

Why this is good is it shows us ways Bitcoin can if needed adapt and change. Let’s take the androidtokens 2.0 or the protoshares snapshot for example. Both are unique ways to completely abandon a chain and begin on a new algorithm new chain while users retain their holdings. Now whether or not you agree with how it was done the fact that they accomplished it shows that Bitcoin itself could if needed do something similar.

DOGE coin is an amazing example of a coin that I for one discounted early on but now find very intriguing. Not because of its innovation but its community. DOGE has made crypto hip. I think many see Bitcoin as a computer nerd or investors game right now and it is hard to get folks interested unless you talk numbers. While DOGE many in that community only know about crypto because of the coin name and meme. Pretty soon we will have a NASCAR driving around the track at Talladega http://gas2.org/2014/04/09/dogecoin-nascar-livery-chosen-much-black . Like it or not this is VERY powerful. The Bitcoin community could learn from this example.

[iGotAIDS]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Why all, even innovative ones?

See the auto industry pre-WW2 in the US for why. Some produced arguably better cars than their counterparts, but as the market decided, only a handful emerged on top.

If you think that any currency that requires technical know-how, GPUs, and a cheerleading 'developer' to keep it afloat will ever replace real-world currency you're either mislead or overly pragmatic. Yes, there is a market for additional coins rather than just Bitcoin--but if the primary use of the coin is to convert it to Bitcoin (which is then generally converted to cash) then there is no real point.

"Franko" is a great example of this exact paradox. It has an active group behind it pushing for its adoption and a very loud and respected 'dev' who continually works to maintain its image, yet in the end its just another version of something we already have. The crypto currencies that will survive and be adopted need to lower the bar for entry and in addition need to have enough usage (read, mining) that their networks are secure. Sticking with my example, Franko has a great vision, a great 'dev,' and is sort of useful for things--but its network could fairly easily be overtaken by a GPU farm and there in lies the crux of the problem--as markm is always pointing out, if you put your money in to something for the long-term, it should be secure. At this time, I'd say only BTC/DVC/NMC and the other merge-mined coins have an edge and its because ASIC devices are permeating the marketplace (even though the primary reason for them is Bitcoin).

Hey, take what I say with a grain of salt--I know you'll all cry, "this is only the beginning for crypto," I disagree.

[defaced]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Why all, even innovative ones?

See the auto industry pre-WW2 in the US for why. Some produced arguably better cars than their counterparts, but as the market decided, only a handful emerged on top.

If you think that any currency that requires technical know-how, GPUs, and a cheerleading 'developer' to keep it afloat will ever replace real-world currency you're either mislead or overly pragmatic. Yes, there is a market for additional coins rather than just Bitcoin--but if the primary use of the coin is to convert it to Bitcoin (which is then generally converted to cash) then there is no real point.

"Franko" is a great example of this exact paradox. It has an active group behind it pushing for its adoption and a very loud and respected 'dev' who continually works to maintain its image, yet in the end its just another version of something we already have. The crypto currencies that will survive and be adopted need to lower the bar for entry and in addition need to have enough usage (read, mining) that their networks are secure. Sticking with my example, Franko has a great vision, a great 'dev,' and is sort of useful for things--but its network could fairly easily be overtaken by a GPU farm and there in lies the crux of the problem--as markm is always pointing out, if you put your money in to something for the long-term, it should be secure. At this time, I'd say only BTC/DVC/NMC and the other merge-mined coins have an edge and its because ASIC devices are permeating the marketplace (even though the primary reason for them is Bitcoin).

Hey, take what I say with a grain of salt--I know you'll all cry, "this is only the beginning for crypto," I disagree.

I do agree with you though. The market (people with money) get to decide what floats and what sinks.

[BitJohn]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Why all, even innovative ones?

See the auto industry pre-WW2 in the US for why. Some produced arguably better cars than their counterparts, but as the market decided, only a handful emerged on top.

If you think that any currency that requires technical know-how, GPUs, and a cheerleading 'developer' to keep it afloat will ever replace real-world currency you're either mislead or overly pragmatic. Yes, there is a market for additional coins rather than just Bitcoin--but if the primary use of the coin is to convert it to Bitcoin (which is then generally converted to cash) then there is no real point.

"Franko" is a great example of this exact paradox. It has an active group behind it pushing for its adoption and a very loud and respected 'dev' who continually works to maintain its image, yet in the end its just another version of something we already have. The crypto currencies that will survive and be adopted need to lower the bar for entry and in addition need to have enough usage (read, mining) that their networks are secure. Sticking with my example, Franko has a great vision, a great 'dev,' and is sort of useful for things--but its network could fairly easily be overtaken by a GPU farm and there in lies the crux of the problem--as markm is always pointing out, if you put your money in to something for the long-term, it should be secure. At this time, I'd say only BTC/DVC/NMC and the other merge-mined coins have an edge and its because ASIC devices are permeating the marketplace (even though the primary reason for them is Bitcoin).

Hey, take what I say with a grain of salt--I know you'll all cry, "this is only the beginning for crypto," I disagree.

Again I totally disagree at the inside Bitcoins conference in NY I heard and saw many great examples of why Crypto works.

First worldwide smartphone adoption http://www.emarketer.com/Article/Smartphone-Users-Worldwide-Will-Total-175-Billion-2014/1010536 people might not have computers but they will have smartphones and all you need is a phone to trade any currency.

Second in many countries around the world you can see great examples of why Bitcoins/crypto is needed and being adopted. Blockchain CEO Nic Cary gave some great global examples you can read here http://www.coindesk.com/blockchain-ceo-nic-cary-global-stories-highlight-bitcoins-value/ anyhow crypto will continue to grow evolve and explode.

[iGotAIDS]

...anyhow crypto will continue to grow evolve and explode.

Just playing devil's advocate here, but "so says the guy who owns/runs the exchange where all the clones are traded..."

[BitJohn]

...anyhow crypto will continue to grow evolve and explode.

Just playing devil's advocate here, but "so says the guy who owns/runs the exchange where all the clones are traded..."

I just work there but yes I may be biased a tad.

[defaced]

I also agree it works and will continue to evolve and explode, and I agree that those with the money get to decide who gets the most short term gains haha.

[Djao]

what about "1 DOGE = 1 DOGE"

[Nxtblg]

what about "1 DOGE = 1 DOGE"

Well, Charlie Lee took that one to heart and it didn't work out that well for him. 

[hilariousandco]

Regardless of how "amazing" the technology is or how loud the 'dev' is, all the alts are all worthless in the long run.

Why all, even innovative ones?

Which are these innovative ones? He's pretty much right.

[omahapoker]

glad i got rid of mine at 129




70 billion coins means it will never reach a penny

[hilariousandco]

glad i got rid of mine at 129




70 billion coins means it will never reach a penny

Yup, and unfortunately most of the newbs who get involved with it (and other similar alts) don't realise this.

[Spoetnik]

...anyhow crypto will continue to grow evolve and explode.

Just playing devil's advocate here, but "so says the guy who owns/runs the exchange where all the clones are traded..."

and has helped make them as he admitted for example with the coin called CASH on another topic
i have no doubt at all had his hand in others lol
which is not a crime ! ..i am no way saying anything other than it *could maybe be a potential position of advantage.
consider BJ's position with Cryptsy. is there any evidence against saying he done anything wrong with the exchange ? not that i am aware of
but that does not change the reality that people in special positions are in special positions.. it is what it is.

over all i am leaning to agreeing with who i think is iGotSpots's puppet account or something
the guy that randomly pops up when iGotSpots disappears after Trolling on me coincidentally.
usually the only time this guy talks actualy is to pop up out of no where with some slanderous attack on me over my posting of my crypto opinions
which is funny because he just posted what i always post lol
who is is though i don't know all i can do is speculate.. i guarantee i know the guy here with other account names though that much i am sure about..
but its not WHO that matters it's what they say.. and i can't deny Mr Aids here has made rock solid points
echo'ing my views i have even argued with BJ about on Cryptsy chat a few time way back last year lol
BUT
There is merit to what BJ is saying but overall i think iGotAIDS trumps his arguments and wins lol

[FalconCrypto]

Sounds like iGotAIDS might be your fantom account.

[BitJohn]

...anyhow crypto will continue to grow evolve and explode.

Just playing devil's advocate here, but "so says the guy who owns/runs the exchange where all the clones are traded..."

and has helped make them as he admitted for example with the coin called CASH on another topic
i have no doubt at all had his hand in others lol
which is not a crime ! ..i am no way saying anything other than it *could maybe be a potential position of advantage.
consider BJ's position with Cryptsy. is there any evidence against saying he done anything wrong with the exchange ? not that i am aware of
but that does not change the reality that people in special positions are in special positions.. it is what it is.

over all i am leaning to agreeing with who i think is iGotSpots's puppet account or something
the guy that randomly pops up when iGotSpots disappears after Trolling on me coincidentally.
usually the only time this guy talks actualy is to pop up out of no where with some slanderous attack on me over my posting of my crypto opinions
which is funny because he just posted what i always post lol
who is is though i don't know all i can do is speculate.. i guarantee i know the guy here with other account names though that much i am sure about..
but its not WHO that matters it's what they say.. and i can't deny Mr Aids here has made rock solid points
echo'ing my views i have even argued with BJ about on Cryptsy chat a few time way back last year lol
BUT
There is merit to what BJ is saying but overall i think iGotAIDS trumps his arguments and wins lol

haha I do miss our debates. Though saying he trumped me "meh" I tend to fight with facts saw nothing in return beyond the fact that its proven that I love altcoins.... Guilty. On that note I also love BTC.... Yes I supported the CASH coin folks (loved the idea) I supported Bottlecaps (made in cryptsy chat), I support Franko love the community and I love DOGE (example of how to focus a community).

Hey guys give this a try support the experiment that is altcoins throw the anti alt efforts into some positive for a coin you like. For you Spoetnik maybe just maybe there will be a troll box again.... You never know.