THE STATE OF DOGECOIN

[bitc0000]

Dogecoin grew only because of hype and greed, mostly from noob wannabee bitcoin early adopters. Whales cleverly pump it up to make you buy overpriced coins, while most noobs are yelling cheap and 1 doge = 1 usd which is just lulz for a coin that has billions and infinite future supply and for a one that started as a joke.

Thanks for the profits anyway, have "fun" with your declining value.

[DooMAD]

Doge is like the cryptographic equivalent of sand.  There's far too much of it to be considered valuable and it's not a stable platform to build on.  It's blowing around in the wind because it lacks sufficient substance.   The devs need to take some decisive action and figure out what the goals of this coin actually are.

[thatguy3]

Dogecoin is a poorly coded clone coin , if they don't merge mine with Litecoin or change algo they will get 51% attacked.

Aren't most altcoins vulnerable for a 51% attack considering how low the relative hashrates are?

Dogecoin's block rewards halve to fast making it extremely unprofitable to mine. The chance of getting 51% are high.

Reddcoin was 51% attacked 3 times, and nothing was lost.  Successful 51% attacks are very very rare.

[galbros]

This was a really nice OP.  Good effort to be serious and not just post some random "too the moon" type statement.

I think people are playing around a fair amount with doge but it is just not serious.  It's sort of a trap, the thing that brings you in is the thing that keeps the coin from being taken seriously.

While I think dogecoin will be a survivor from this current crop of altcoins that does not mean it will be very valuable relative to bitcoin.  As others have pointed out Too Many Coins and No Limit Ever is a serious limitation.  Shifting over to PoS would make things worse and I hope this is not seriously being considered.

Good Luck!

[thistime]

This was a really nice OP.  Good effort to be serious and not just post some random "too the moon" type statement.

Thanks!

It took a long time to get all that data together.

[Xenopus]

when DOGE forks to POS and stops the block reward to a hard cap, or similar a asymptotic cap then it will recover.

The problem is the crowd that understands much wow are orthogonal to those that understand 10K coins per block for ever = % wise less money supply.

Also Mr. J Wise has not helped DOGE's cause as much as he could have.

QED

I don't think you quite grasp what QED means.

[cryptolaxy]

Had high hopes and expectations in DogeCoin, bought some when it was 0.00045, I then forgot about it only to findout recently that it has dropped more than 50% the price I bought it. What a loss!!!!

[Benjig]

when DOGE forks to POS and stops the block reward to a hard cap, or similar a asymptotic cap then it will recover.

The problem is the crowd that understands much wow are orthogonal to those that understand 10K coins per block for ever = % wise less money supply.

Also Mr. J Wise has not helped DOGE's cause as much as he could have.

QED

I don't think you quite grasp what QED means.

Yeah we need to take action on making it POS, if this continues it will keep falling til 10 satoshis. 

[jubalix]

when DOGE forks to POS and stops the block reward to a hard cap, or similar a asymptotic cap then it will recover.

The problem is the crowd that understands much wow are orthogonal to those that understand 10K coins per block for ever = % wise less money supply.

Also the founder who was rude to Coblee has not helped DOGE's cause as much as he could have.

QED

I don't think you quite grasp what QED means.

Yeah we need to take action on making it POS, if this continues it will keep falling til 10 satoshis.  

your right I didn't set out a proof.

I suppose after this happens and if price goes up then I could say QED.

[bitbinn]

doge will recover price will go up soon

[DooMAD]

doge will recover price will go up soon

It might sound overly harsh, but I think the only way the price is going to see any dramatic increase is a sudden jump in BTC price.  Everything is tied to that price.  Most of the big, established alts are at a 6 month low at the moment.  Litecoin, Peercoin, Namecoin and others, all down recently.  They all had a big spike in value when Bitcoin started to skyrocket, but they can't keep pace when the price is more stable.  For the price of doge to go up on it's own will take something significant to happen.  Switching to proof of stake as others have suggested won't be enough, IMO.

[XbladeX]

this talks a lot.
If number of users rise or remain qual then Doge will rise...
When number of users fall this is red flag

This is true indicator.