DOGECOIN - INCREASE IN VALUE

[psychocoin]

all the alts will die eventually, bitcoin is better than all of them.

You're talking out your ass and you know it. There are several alts that are better than bitcoin in many ways. Bitcoin is just the first and has the best development team (I.E. everybody that counts in crypto)

there are no alts today that are significantly better than bitcoin.
bitcoin's adoption is higher than all the alts combined, there is no reason today to use anything but bitcoin.

Actually NXT is better in every way imaginable. Fact

what benefits does NXT offer over bitcoin?

None. PoS is proven not to work in long-term.

[bitcoinboy163]

doge is going to an end,nobody can stop it.what a tragedy

[Quantumtangles]

doge is going to an end,nobody can stop it.what a tragedy

Certainty like that must come at great cost. You must have spent a great deal of time and expended enormous effort to have reached the conclusion you have reached with such absolute certainty.

Accordingly, in the spirit of academic generosity that characterises this fine website, I should be grateful if you would share, not your conclusion as you have already and most kindly done, but the methodology and course of analysis that led you to predict and determine with such admirable finality the future of dogecoin.

The entire purpose of knowledge and intelligence is to predict the future. I greatly admire your certain predictions and await with eager anticipation full details of the data and methodology you have so skillfully deployed to arrive at it.

The great American physicist Richard Feynmann once said that he knew very few things with certainty, and that the very few things he really knew with certainty had come at great personal cost to him (in terms of time and effort).

We respectfully await full details - data and methodology please.

[darkota]

Dogecoin is worthless, why you may ask?

It has an exponential amount of inflation, and theoretically, there is an unlimited amount of Dogecoin, with 5billion mined every year....forever.

Because of that, Dogecoin's real value is zero, nada, nothing, worthless.

[Quantumtangles]

Your argument is invalid because if it were correct, all Fiat currencies would also be worthless. The Federal Reserve creates Billions of dollars every year by means of quantitative easing, that is to say, someone presses a button and billions of dollars appear from the ether. Ex nihilo totem fit (from nothing everthing come, ex contrario the classically accepted maxim that from nothing, nothing comes [ex nihilo, nihil fit]).

Do you have a valid argument? (you passed the Turing Test by the way, though not for reasons you would likely enjoy exploring)

[darkota]

Your argument is invalid because if it were correct, all Fiat currencies would also be worthless. The Federal Reserve creates Billions of dollars every year by means of quantitative easing, that is to say, someone presses a button and billions of dollars appear from the ether. Ex nihilo totem fit (from nothing everthing come, ex contrario the classically accepted maxim that from nothing, nothing comes [ex nihilo, nihil fit]).

Do you have a valid argument? (you passed the Turing Test by the way, though not for reasons you would likely enjoy exploring)

Are you trolling...

Cryptocurrencies Can not be compared to Fiat currencies.

Fiat currencies are accepted by Millions to Billions of people, Cryptos are accepted by a few thousand.

If a government issues a fiat currency to it's 300million population, of course the 300million population will use that currency, inflation or not, to pay for goods/services etc etc.

A cryptocurrency with a pathetic 30million marketcap like Dogecoin can not even be remotely compared to the USD for example. Even, bitcoin can not compare to the USD.

Get your facts straight before posting or you end up looking like a fool Quantamtangles..

[darkota]

Also, Cryptocurrencies like Dogecoin have high inflation, of over 10%.
The USD only has 1% inflation every year, so the dollar this year is worth 1% less than it was last year.

You cannot compare a shitcoin like Dogecoin, where it's price can drop 40$, 50%, and more in a Day, to a universally accepted currency like the USD, where at max it's worth can drop 2% in a Year.


You have no idea what you're talking about OP.

[Quantumtangles]

Noted with thanks. In response, I pray in aid the following documentary.

http://www.youtube.com/watch?v=5fbvquHSPJU

Good day.

[brian_23452]

If Bitcoin is destined for high finance (and litecoin destined for major purchases like cars, fridges and computers), odds are that one or more of the other crytocurrencies will prevail for routine expenditure (groceries, coffee, fuel).

I'm not sure how you came to this conclusion.  If bitcoin is indeed destined for those things, odds are it is also destined to be used for ordinary expenses as well.  Do you right now use a different currency for each of the different types of transactions you engage in?  Like, one for groceries, one for computers, etc.?  This is the part that the altcoiners could never seem to understand....

I predict Dogecoin has the potential to become much more than the leading tipping currency. I do not know this as a matter of fact of course, but I reasonably believe it entirely possible that Dogecoin is a major contender within the next 3-5 years for the following reasons:

1. Highly developed community
2. Huge investment potential (you can buy half a million doge for about $150 dollars at the moment)
3. Superb architecture
4. Straightforward wallet security in terms of encryption and wallet locking
5. Massive reputation as a major cryptocurrency

No it won't.

1.  Who cares?  It's a currency, not a social club.
2.  I don't think you really understand investments if you really think this.
3.  Better than bitcoin?
4.  That should pretty much be a given.
5.  See number 3.

Of course there are other contenders. And of course, there are people with vested interests in other currencies who may react angrily (I admit I hold interests in Dogecoin which may well have affected my objectivity).

But this is my very feeling. Much responses.

There is a difference between wanting something to be true, and something actually being true.

[Quantumtangles]

If Bitcoin is destined for high finance (and litecoin destined for major purchases like cars, fridges and computers), odds are that one or more of the other crytocurrencies will prevail for routine expenditure (groceries, coffee, fuel).

I'm not sure how you came to this conclusion.  If bitcoin is indeed destined for those things, odds are it is also destined to be used for ordinary expenses as well.  Do you right now use a different currency for each of the different types of transactions you engage in?  Like, one for groceries, one for computers, etc.?  This is the part that the altcoiners could never seem to understand....

Bitcoin is the King of cryptocurrency in 2014 just as Western Union was the King of credit cards in 1921 (before Visa, Mastercard, American Express and countless other credit cards and charge cards took over). Today there are millions of different types of credit card and charge card.

Accordingly, your argument is invalid. And yes I do use different methods of payment and different currencies for different types of transactions.

If an unimaginative observer (in 1921) had been asked whether they thought other credit cards (aside from Western Union cards) would ever find favour, how do you think they would have responded?

The answer is that unimaginative people struggle to envisage anything more exotic than the status quo ante. And yet, in light of the above, you still maintain there will only ever be Bitcoin. Really?

Now we have established there will be numerous crytocurrencies (possibly millions of them), it is reasonable to speculate that they may be used for different purposes.

The central fact about crytocurrencies is that they mark the beginning of the end of government controlled monetary systems (albeit that the process may take decades or even centuries to complete). Citizens will never again allow governments to bail out greedy bankers. And in a decentralised system, there will never be any need to bail out greedy bankers anyway.

[TaunSew]

all the alts will die eventually, bitcoin is better than all of them.

You're talking out your ass and you know it. There are several alts that are better than bitcoin in many ways. Bitcoin is just the first and has the best development team (I.E. everybody that counts in crypto)

there are no alts today that are significantly better than bitcoin.
bitcoin's adoption is higher than all the alts combined, there is no reason today to use anything but bitcoin.

Actually NXT is better in every way imaginable. Fact

what benefits does NXT offer over bitcoin?

None. PoS is proven not to work in long-term.

NxT does have a lot of independent developers pumping out side features like the Asset Exchange.  On the flip side, it has poor distribution and proof of stake only benefits the wealthiest wallets.  Then there are uncertainties around NxT regarding all the scams and thefts they seem to attract all the time.  

I'm surprised NxT still has value but as far as we know it might just be heavily manipulated.  Like the news of some guy stealing millions of NxT led it to its' value to increase by 10% (might as well be the whales bailing out their own coin to prevent a price collapse).

[brian_23452]

Bitcoin is the King of cryptocurrency in 2014 just as Western Union was the King of credit cards in 1921 (before Visa, Mastercard, American Express and countless other credit cards and charge cards took over). Today there are millions of different types of credit card and charge card.

Western Union was a telegram and telegraph company.  They have never issued a credit card or a charge card, are not licensed to do so, and were certainly never referred to by anyone as "king of credit cards".  Especially since credit cards didn't even exist in 1921.  They were the leading telegram company, and still are except that no one uses telegrams anymore.  And yes there are different brands of cards available today.  They are all denominated in ONE currency though, whatever currency your bank\country uses.

Accordingly, your argument is invalid. And yes I do use different methods of payment and different currencies for different types of transactions.

While you may in fact use numerous different currencies for each of the different transactions you engage in, I would be willing to bet that the overwhelming majority of people in the world use (except when travelling) exactly ONE currency, the currency of the nation they live in.  Here in the USA anyways, if you tried to go to the grocery store or indeed any store, you would have a difficult (read, impossible) time purchasing anything with Euros, Yuan, Yen, Pesos, pounds, etc.  Indeed, anything other than dollars.  And now bitcoin, in some places.

If an unimaginative observer (in 1921) had been asked whether they thought other credit cards (aside from Western Union cards) would ever find favour, how do you think they would have responded?

I imagine they would have asked you wtf is a credit card, considering they weren't invented until 1958 by BOA under the brand name Visa.  You might recognize this brand as STILL being the leading brand in credit card business (along with Mastercard, which they own).  So I'm not really sure where you were going with this point.

The answer is that unimaginative people struggle to envisage anything more exotic than the status quo ante. And yet, in light of the above, you still maintain there will only ever be Bitcoin. Really?

I said "if".  HE said bitcoin.  I agreed, because a.  it's obviously the leading contender, and b.  it makes no difference to my contention.  Which si that there will be one major currency that we all use, whether that is bitcoin (most likely) or something else, ordinary people are not going to walk around with 50 different wallets so they can shop at Best Buy with their Electrocoin and then go out to dinner with Foodcoin and then pay the tip with Tipcoin and buy gas on the way home with Gascoin.....etc. 

Now we have established there will be numerous crytocurrencies (possibly millions of them), it is reasonable to speculate that they may be used for different purposes.
The central fact about crytocurrencies is that they mark the beginning of the end of government controlled monetary systems (albeit that the process may take decades or even centuries to complete). Citizens will never again allow governments to bail out greedy bankers. And in a decentralised system, there will never be any need to bail out greedy bankers anyway.

We have established no such thing.  All you did was post some highly erroneous "facts" about western union and credit cards and called it a day.  Aside from the obvious fact that everything you posted is clearly wrong, we have the intuitively obvious fact that almost everyone reading this now uses exactly one currency for most of their purchases, the currency of whatever country they live in.  It would be decidely inconvenient if you walked into a store and purchased stuff in dollars but got change in pesos, and then the bank wanted payment in Euros, but your company paid you in yen, and your car payment has to be made in CAD but gas can only be purchased with Won.....well you see the point.  

No one can predict the future.  It is of course *possible* that one day some other crypto may supplant Bitcoin.  I do not envision any scenario though where we have people making purchases with dozens of various alt coins, if for no other reason than the major inconvenience that it would cause.  

[cebb]

Dogecoin is worthless, why you may ask?

It has an exponential amount of inflation, and theoretically, there is an unlimited amount of Dogecoin, with 5billion mined every year....forever.

Because of that, Dogecoin's real value is zero, nada, nothing, worthless.

Very true. Look at XMR for example. It is dyeing a slow death similar to doge. XMR is only at 10percent or so of total coined mined. In next 6 years there will be more than   six times xmr as of today. Xmr is as good as dead.

[tokeweed]

a crypto 2.0 project just might use dogecoin as its main currency.  not entirely sure, just a hunch.

hoping an announcement comes out soon.

[Quantumtangles]

Western Union was a telegram and telegraph company.  They have never issued a credit card or a charge card, are not licensed to do so, and were certainly never referred to by anyone as "king of credit cards".  Especially since credit cards didn't even exist in 1921.

Facts are more interesting than opinions.

http://en.wikipedia.org/wiki/Credit_card
See in particular the paragraph commencing

"Western Union began issuing charge cards to its frequent customers in 1921"

I could respond in greater detail but ordinarily argue only when paid in advance.

For more detailed rebuttal please deposit 200k doge to D5hShARz6GRzu5NvtpZBuNfRtj3434nqtc

I can only explain it to you. I can't understand it for you.

[galbros]

I see room for lots of crypto currencies besides bitcoin.  Some have some real innovation.

Not sure that doge is one of them, but it does have a good community and looks like it may be a survivor from this round of alts.

As to Western Union I didn't know that about 1921, if true I'd say they did an amazing job blowing their first mover status.

[giveBTCpls]

Obviously Dogecoin can never surpass Bitcoin or pretend to take Bitcoin's role in the crypto ecosystem, that's just retarded. But it's about filling a niche and Dogecoin is clearly the "fun coin" niche for tips, reddit, facebook, etc. Also Dogecoin has showed ridiculous power when it comes to charity and funding projects. The community is also huge, bigger than Litecoin at least reddit wise. They obviously don't care about Doge's value and that's clear by the 1DOGE=1DOGE statement.

[hbadger]

lol @ doge

[brian_23452]

Western Union was a telegram and telegraph company.  They have never issued a credit card or a charge card, are not licensed to do so, and were certainly never referred to by anyone as "king of credit cards".  Especially since credit cards didn't even exist in 1921.

Facts are more interesting than opinions.

http://en.wikipedia.org/wiki/Credit_card
See in particular the paragraph commencing

"Western Union began issuing charge cards to its frequent customers in 1921"

I could respond in greater detail but ordinarily argue only when paid in advance.

For more detailed rebuttal please deposit 200k doge to D5hShARz6GRzu5NvtpZBuNfRtj3434nqtc

I can only explain it to you. I can't understand it for you.

A charge card is not a credit card.  Seeing as how you do not know the difference between the two, I doubt any information you have would be worth purchasing.  Incidentally, I like how you conveniently gloss over the point.  The charge cards were denominated in USD, the exact same currency as everything else.  Whether you make a purchase with your charge card, your credit card, your debit card, a check, or actual dollar bills, it is all US dollars.