[2014-08-04] Bitcoin News in Review: Bitcoin Price Drop, Dogecoin’s Decline, Ecu

[epere]

http://www.cryptocoinsnews.com/news/bitcoin-news-review-bitcoin-price-drop-dogecoins-decline-ecuador-bans-bitcoin/2014/08/04?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-news-review-bitcoin-price-drop-dogecoins-decline-ecuador-bans-bitcoin

Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, there was a drop in the Bitcoin price, Dogecoin’s price continued to decline, Ecuador banned Bitcoin in favour of its own cryptocurrency, and more. Check out this week’s Bitcoin News in Review after the break.

[1715580098]

1715580098

[1715580098]

1715580098

[1715580098]

1715580098

[LiteCoinGuy]

"Dogecoin isn’t really dead, but if things don’t change soon, Dogecoin may be on its way out."


its based on a joke. what did people expect?!

[bitsmichel]

"Dogecoin isn’t really dead, but if things don’t change soon, Dogecoin may be on its way out."


its based on a joke. what did people expect?!

I think people expected this, a quick pump and dump, because the joke got old.
I wouldn't say there is any big bitcoin price drop, the price has been around 600$ for the at least 2 months.  Actually if you go back to feb. 2014 the price was around 600$ too.

[Quantus]

I think most the advancements and progress Bitcoin has made in the last year are drawbacks.

Bitcoin Debit cards are just another way to attach fees and leach money out of people, I take issue with companies such as Coinbase and Bitstamp on the same grounds. 

New mining hardware manufactures are teaming up with VC to create huge mining pools who in turn are controlled by bankers and susceptible to being regulated by governments.  Pushing out the little solo miners leading ultimately to consolidation of the mining network in 2 or 3 years. Complete centralization. 

New Regulation and laws are focused on crippling Bitcoin not regulating it. If you can't see that your a idiot.
The proliferation of cloud storage services and minimal phone clients are consolidating The network and making it more vulnerable to attack. Cell phones are just not suitable to store Bitcoins.
Brain wallets are a fucking joke and yet they are touted as safe.

The Bitcoin network is weaker then its ever been.

[Fat Ronaldo]

"Dogecoin isn’t really dead, but if things don’t change soon, Dogecoin may be on its way out."


its based on a joke. what did people expect?!

Was it ever really in? The joke's over now and they had their fun and it looks like the only way is down now.

[Kprawn]

The Bitcoin network is weaker then its ever been.

Well the bitcoin protocol is secure, it's all these damn 3rd parties, where the weak points are and it's difficult to operate without using some of them to transact.

But this is also a weak point in fiat. The banking system spend trillions of dollars on improving their systems, but they cannot control the software people use on their computers and phones.

If there is money honey, it would draw them in.

[Chef Ramsay]

"Dogecoin isn’t really dead, but if things don’t change soon, Dogecoin may be on its way out."


its based on a joke. what did people expect?!

"But but, there's all these kids out there that want to tip each other for random comments and other things online so I just know that some day each Doge will be worth $1 USD."  or some related PR nonsense. If anything, these altcoins really were a lesson in gullibility and marketing.