TookDk
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Activity: 1960
Merit: 1062
One coin to rule them all
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November 05, 2014, 07:14:08 AM |
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OP You missed dogecoinball ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Cryptography is one of the few things you can truly trust.
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 07:20:50 AM |
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OP You missed dogecoinball ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Such miss, much shame ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Cryptography is one of the few things you can truly trust.
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minairia3
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
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Activity: 1568
Merit: 326
Vave.com - Crypto Casino
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November 05, 2014, 07:27:29 AM |
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Look at this: https://bitcointalk.org/index.php?topic=846866.0While everyone is fighting over who's going to the moon, etc. little Pandacoin looks like it has become the first crypto to have wide real world use. Who would have guessed?
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devphp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 07:45:44 AM |
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BS. Just a lame attempt at pumping the price ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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TaunSew
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 07:46:47 AM |
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A few international youth hostels and a Chinese take away accepting it is your proof of real world use? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Containing my laughter Both Dogecoin and this Panda coin is a joke
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 08:20:27 AM |
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A few international youth hostels and a Chinese take away accepting it is your proof of real world use? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Containing my laughter Both Dogecoin and this Panda coin is a joke I do not know anything about panda, but DOGE coin is definite a joke. DOGE was never meant to be serious, it is about having fun. People who "invest" heavily in DOGE with the expectation to get rich are taking it too far. Take the DOGE coin as it is: a fun coin ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Cryptography is one of the few things you can truly trust.
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devphp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 08:29:13 AM |
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I do not know anything about panda, but DOGE coin is definite a joke. DOGE was never meant to be serious, it is about having fun. People who "invest" heavily in DOGE with the expectation to get rich are taking it too far. Take the DOGE coin as it is: a fun coin ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Humor sells quite well, you know. If people adopt Dogecoin for fun, who cares, the price will go up. Looks like the latest efforts of Doge team to introduce Doge to the huge audience of twitch.tv and other marketing steps should work well for the adoption. Of course, Dogecoin is vulnerable to the same flaws as Bitcoin - Proof-of-work algo will make it centralized with time, and then Proof-of-stake or some variety of it will become standard. But for the next year or two Dogecoin's rate of growth will exceed that of Bitcoin. Notice, it's rate of growth, not absolute market cap.
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 08:40:15 AM |
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I do not know anything about panda, but DOGE coin is definite a joke. DOGE was never meant to be serious, it is about having fun. People who "invest" heavily in DOGE with the expectation to get rich are taking it too far. Take the DOGE coin as it is: a fun coin ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Humor sells quite well, you know. If people adopt Dogecoin for fun, who cares, the price will go up. Looks like the latest efforts of Doge team to introduce Doge to the huge audience of twitch.tv and other marketing steps should work well for the adoption. Of course, Dogecoin is vulnerable to the same flaws as Bitcoin - Proof-of-work algo will make it centralized with time, and then Proof-of-stake or some variety of it will become standard. But for the next year or two Dogecoin's rate of growth will exceed that of Bitcoin. Notice, it's rate of growth, not absolute market cap. I have DOGE coins myself, mostly in physical form though. I never care too much about the exchange rate (honestly). However I do like to trough out a few "To da moon" when the price goes up (for the lolz)
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Cryptography is one of the few things you can truly trust.
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devphp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 08:44:53 AM |
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Yeah, for the lolz or not, don't underestimate the power of humor, jokes and fun. It's a huge market, and if the fun money taps into the fun market, it could be a strong recipe for success, especially in the environment of economic recession of the next few years where people feel depressed and need something to cheer them up. In that sort of environment even though Dogecoin is based on an inferior PoW technology, it could still gather a large fan base, mark my words )
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TaunSew
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 08:47:57 AM |
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Yeah, for the lolz or not, don't underestimate the power of humor, jokes and fun. It's a huge market, and if the fun money taps into the fun market, it could be a strong recipe for success, especially in the environment of economic recession of the next few years where people feel depressed and need something to cheer them up. In that sort of environment even though Dogecoin is based on an inferior PoW technology, it could still gather a large fan base, mark my words )
Maybe but we're just talking about this one coin. This genre of "stupid funny coins" includes a very long list of coins that never attained any notable capitalization.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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dataispower (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:01:44 AM |
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inferior PoW technology
Why PoW is inferior?
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TaunSew
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:07:12 AM |
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inferior PoW technology
Why PoW is inferior? In Bitcoin's case the cost of security / network maintenance is $680 million a year and this is expected to increase. About $1.8-$2 million worth of coins is mined everyday and professional miners dump up to 80% of this to pay for their electrical, hardware and taxation obligations.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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devphp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:09:28 AM |
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inferior PoW technology
Why PoW is inferior? Fiat leak from miners, expensive to maintain the network; Mining tends to centralization with all the dangers of that;
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dataispower (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:13:28 AM |
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inferior PoW technology
Why PoW is inferior? Fiat leak from miners, expensive to maintain the network; Mining tends to centralization with all the dangers of that; The flaws of PoW are well known. Please present an alternative that is superior to PoW.
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:16:55 AM |
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Yeah, for the lolz or not, don't underestimate the power of humor, jokes and fun. It's a huge market, and if the fun money taps into the fun market, it could be a strong recipe for success, especially in the environment of economic recession of the next few years where people feel depressed and need something to cheer them up. In that sort of environment even though Dogecoin is based on an inferior PoW technology, it could still gather a large fan base, mark my words )
I tend to agree to this one. If (or rather when?) crypto currency become commonly used, I could easily picture e.g. young girls using DOGE coins for online shopping, for the only reason that the doggy is cute ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Cryptography is one of the few things you can truly trust.
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TookDk
Legendary
Offline
Activity: 1960
Merit: 1062
One coin to rule them all
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:20:23 AM |
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inferior PoW technology
Why PoW is inferior? Fiat leak from miners, expensive to maintain the network; Mining tends to centralization with all the dangers of that; The flaws of PoW are well known. Please present an alternative that is superior to PoW. I think the ideas used in bitshares has potential, however I would never invest in that stuff. Simply because I do not trust the people behind. I trust PoW, despite the flaws and weak sides, it is transparent and easy to understand PoW.
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Cryptography is one of the few things you can truly trust.
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devphp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 05, 2014, 09:22:22 AM |
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The flaws of PoW are well known. Please present an alternative that is superior to PoW.
PoS has been around for ~1 year now as implemented in NXT. Other varieties of PoS are being tested. Something will eventually replace PoW, as PoW is not sustainable, but it won't happen for the next year or two, at least not to Doge. If I had to choose PoW, I'd rather choose Doge than Bitcoin for many reasons.
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