DannyElfman
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August 06, 2014, 11:40:44 PM |
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According to the links in the OP, DOGE hasn't the highest number of active addresses. Wtf you trying to pull here OP?
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This spot for rent.
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nutildah
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Happy 10th Birthday to Dogeparty!
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August 06, 2014, 11:44:15 PM |
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(i don't want to read links sorry)
I should have stopped reading right there... Dogecoin price may continue to fall, but at some point, the demand from you utility keeps it around, and that is the real value of Dogecoin. Well said and spot on. Anybody who disagrees with this, have you made a shitcoin in the past? I BET YOU HAVE!!! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) i never made a coin so you lose. So you really believe that utility (aka adoption, aka real-world application) adds no value to a cryptocurrency? If that's not your point, what is it?
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rikkejohn
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August 07, 2014, 12:07:26 AM |
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What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.
I'm talking utility in the sense that people are USING it. Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6mHighest number of transactions of any altcoin since 4 days after creation, and every day since then. This doesn't even include the large amount of tipping transactions that happen off the blockchain. People use Dogecoin. What is REAL utility to you? Utility is use value, so strictly speaking anything used has utility. But throwing the word "utility" around is a bit silly. When we use the term, we mean that it has properties that lead to a net gain for society. Doge's net gain consists of silliness. Yes, I guess that is net gain, but it's a silly net gain.
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thatguy3 (OP)
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August 07, 2014, 12:34:06 AM |
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According to the links in the OP, DOGE hasn't the highest number of active addresses. Wtf you trying to pull here OP?
Dogecoin STILL has the highest number of ACTIVE ADDRESSES of all the altcoins.
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thatguy3 (OP)
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August 07, 2014, 12:41:28 AM |
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What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.
I'm talking utility in the sense that people are USING it. Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6mHighest number of transactions of any altcoin since 4 days after creation, and every day since then. This doesn't even include the large amount of tipping transactions that happen off the blockchain. People use Dogecoin. What is REAL utility to you? Utility is use value, so strictly speaking anything used has utility. But throwing the word "utility" around is a bit silly. When we use the term, we mean that it has properties that lead to a net gain for society. Doge's net gain consists of silliness. Yes, I guess that is net gain, but it's a silly net gain. Net gain for society is EXTREMELY SUBJECTIVE. Is that your point? Is charity utility for you? Is tipping utility for you? Is the experiment of static block rewards utility for you? Why does something need to produce a net gain for you to think it has utility?
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thatguy3 (OP)
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August 07, 2014, 12:42:55 AM |
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What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.
I'm talking utility in the sense that people are USING it. Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6mHighest number of transactions of any altcoin since 4 days after creation, and every day since then. This doesn't even include the large amount of tipping transactions that happen off the blockchain. People use Dogecoin. What is REAL utility to you? you did not answer his question.. you gave another vague reply.. you fail *again. If you think so... What is REAL utility to you then?
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DannyElfman
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August 07, 2014, 12:46:26 AM |
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According to the links in the OP, DOGE hasn't the highest number of active addresses. Wtf you trying to pull here OP?
Dogecoin STILL has the highest number of ACTIVE ADDRESSES of all the altcoins.Oh boy, maybe I should learn to read the headline much more carefully... sry!
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This spot for rent.
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iknowhatsup
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August 07, 2014, 01:01:08 AM |
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Dogecoin is STILL falling like a ROCK FTFY does this mean the teenage meme loving millionaires will be buying soon?
LOL yeah, should happen any minute now!
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thatguy3 (OP)
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August 07, 2014, 01:11:40 AM |
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Dogecoin is STILL falling like a ROCK FTFY does this mean the teenage meme loving millionaires will be buying soon?
LOL yeah, should happen any minute now! So after reading the entire thread, you thought to yourself, "hey, this would be a great addition to the discussion!". What point are you trying to make? Dogecoin price should be at the level of demand, I guess that hasn't been reached yet. Dogecoin needs to increase ~800% to reach back to it's peak value. Litecoin needs to increase ~700% to reach back to it's peak value. I guess they are both dead...
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bitcoincal
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August 07, 2014, 01:31:39 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
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thatguy3 (OP)
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August 07, 2014, 01:34:21 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
So then why are people using it more than the other altcoins?
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DannyElfman
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August 07, 2014, 01:36:37 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
So then why are people using it more than the other altcoins? Because many(!!!) people learned about doge first. They received tips and then used that to play around. Think of doge as the Weed of cryptocurrency. A gateway drug currency :p
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This spot for rent.
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bitcoincal
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August 07, 2014, 01:44:47 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
So then why are people using it more than the other altcoins?Because there's a lot of coins to be thrown around. That's the fun of doge, being able to transact in these large denominations seemingly without worry that you're losing anything. I use Doge often to exchange because it easy to get and it's highly fungible, that doesn't mean I believe in it's model or future value.
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thatguy3 (OP)
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August 07, 2014, 02:11:44 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
So then why are people using it more than the other altcoins?Because there's a lot of coins to be thrown around. That's the fun of doge, being able to transact in these large denominations seemingly without worry that you're losing anything. I use Doge often to exchange because it easy to get and it's highly fungible, that doesn't mean I believe in it's model or future value. You just listed one of Dogecoin's utilities. Why would someone use Dogecoin and not Litecoin for exchange then?
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DannyElfman
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August 07, 2014, 02:27:13 AM |
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The problem with Doge is that it has no apparent functional utility in comparison to the other alts.
So then why are people using it more than the other altcoins?Because there's a lot of coins to be thrown around. That's the fun of doge, being able to transact in these large denominations seemingly without worry that you're losing anything. I use Doge often to exchange because it easy to get and it's highly fungible, that doesn't mean I believe in it's model or future value. You just listed one of Dogecoin's utilities. Why would someone use Dogecoin and not Litecoin for exchange then? He didn't say litecoin has more utility, or did he? I think the problem is, that a coin has no reason to exist if it doesn't offer anything unique. Sure it will stick around for a few years, maybe 1-2 decades, but it will get lost in translation once other, superior techs and networks take over the market completely.
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thefunkybits
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August 07, 2014, 05:53:29 AM |
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DOGE has utility for tipping and micro-transactions, the cost of a transaction is currently 1/50th of a cent... It's the most secure and cheapest form of micro-tipping which plays into # of transactions and active addresses
The price could easily go 5X from these levels (although I still don't think we've found a true bottom yet)
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Buffer Overflow
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August 07, 2014, 07:53:39 AM |
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Maybe it's people moving their coins to an exchange ready to be dumped? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I would take these stats with a pinch of salt. They are pretty meaningless on their own.
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Spoetnik
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FUD Philanthropist™
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August 07, 2014, 07:55:52 AM |
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What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.
I'm talking utility in the sense that people are USING it. Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6mHighest number of transactions of any altcoin since 4 days after creation, and every day since then. This doesn't even include the large amount of tipping transactions that happen off the blockchain. People use Dogecoin. What is REAL utility to you? you did not answer his question.. you gave another vague reply.. you fail *again. If you think so... What is REAL utility to you then? not counting addresses lol based on what criteria i don't know.. (sorry i don't visit external links) funny how not 1 guy has said how they were calculated in this topic. and i was mocked and laughed at for suggesting the OP prove it. sorry i don't take peoples word for it in crypto lol i also did not say the info is false.. just that i call it "in question" ...is this data verified by some of the more skilled guys around here ? it's a useless stat. i argued with people before and posted a chat log of me stating Doge had super higher volume numbers on most exchanges not long ago. and i said that because it was true.. all you had to do is look. i'm all for facts and stats that is fine but volume and wallet usage means what though ? i never claimed anything other than it had high volume before.. not that that it meant some grand point like Doge is so great LOL it's a popular coin.. people were PREVIOUSLY making a lot of money off it dumping it on idiots and day traders.. the day traders mostly bailed.. enough to kill the price off and if there was a strong demand for it the price would be higher.. but it's not. so how is the price in a severe decline for many months now and yet we have the odd random guy proclaiming Doge is so great ? sounds like the 'ole bag holder blues to me lol
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FUD first & ask questions later™
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SEGA99
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August 07, 2014, 08:10:33 AM |
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Doge is the best!!I love Doge!!!
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thatguy3 (OP)
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August 07, 2014, 12:46:10 PM |
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What utility does Doge have? I mean that in terms of real utility, not utility in the sense that it can be used for a number of trivial things.
I'm talking utility in the sense that people are USING it. Example being: http://bitinfocharts.com/comparison/transactions-btc-ltc-doge.html#6mHighest number of transactions of any altcoin since 4 days after creation, and every day since then. This doesn't even include the large amount of tipping transactions that happen off the blockchain. People use Dogecoin. What is REAL utility to you? you did not answer his question.. you gave another vague reply.. you fail *again. If you think so... What is REAL utility to you then? not counting addresses lol based on what criteria i don't know.. (sorry i don't visit external links) funny how not 1 guy has said how they were calculated in this topic. and i was mocked and laughed at for suggesting the OP prove it. sorry i don't take peoples word for it in crypto lol i also did not say the info is false.. just that i call it "in question" ...is this data verified by some of the more skilled guys around here ? it's a useless stat. i argued with people before and posted a chat log of me stating Doge had super higher volume numbers on most exchanges not long ago. and i said that because it was true.. all you had to do is look. i'm all for facts and stats that is fine but volume and wallet usage means what though ? i never claimed anything other than it had high volume before.. not that that it meant some grand point like Doge is so great LOL it's a popular coin.. people were PREVIOUSLY making a lot of money off it dumping it on idiots and day traders.. the day traders mostly bailed.. enough to kill the price off and if there was a strong demand for it the price would be higher.. but it's not. so how is the price in a severe decline for many months now and yet we have the odd random guy proclaiming Doge is so great ? sounds like the 'ole bag holder blues to me lol How did you know Dogecoin had super high exchange volume since you don't trust websites that display that information? The data is from bitinfocharts, which is THE source for all this information. It tells you how each factor is calculated. If you bothered to actually read what I have posted, you would realize that I discuss that the demand for dogecoin has not been at the same level of supply for a long time. The price may still go down until that level is met. The point was, that at some level, there will be demand support because people actually USE Dogecoin. As long as that is the case, the price will never be zero. Then I linked to several important data sets showing the highest number of transactions and higher number of UNIQUE addresses sending coins of any of the altcoins, regardless of what price Dogecoin has been in the past or currently. Dogecoin even still has a relatively high volumes 500-1000BTC, which have been the same since 2013.
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