Earlier quoted context omitted.
Such cynicism.
Please. This is HN, and you know it. Your account was registerd over 2,000 days ago. Stop with the pointless comments.
wow
Show HN: Dogecoin Average - the price of Doge
31–40 of 90 posts
Re: Show HN: Dogecoin Average - the price of Doge
#32Re: Show HN: Dogecoin Average - the price of Doge
#33Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?
That's how I felt about Dogecoin at first, but their silliness seems to have generated an unusually nice community. I'm starting to think that's a more important factor than I'd realized. It's taken them to #7 in market cap, despite being technically a straight copy of Litecoin. http://coinmarketcap.com/
The community, and particularly the generosity of tipping, seems to have been a driving factor. There are already multiple "tipping bots" on Twitter, which will give out Doge on command.
There's speculation that a similar functionality for Facebook would be like strapping SRB's to the side of the Doge moonrocket, and give it Much Velocity.
Re: Show HN: Dogecoin Average - the price of Doge
#34Is there a place to trade bitcoins for dogecoins?
Yes [0][1][2][3] [0] https://coinedup.com/ [1] https://www.cryptsy.com/ [2] https://www.coins-e.com/ [3] https://vircurex.com/
For what it's worth, the table at the bottom of Dogecoin Average links directly to each market used to calculate the price.
(Except Coined Up; I've requested API access to their price lists, it may be a little while.)
Re: Show HN: Dogecoin Average - the price of Doge
#35http://themisescircle.org/blog/2013/08/22/the-problem-with-a...
Yes, the big question is whether currency has such a strong network effect that one will dominate. Hayek argued the opposite, and wrote a book claiming that a system of competing private currencies would be ideal.
There are also a few technical arguments in favor of multiple currencies. At the moment we don't know how to scale a single blockchain to major-currency levels, unless we do mostly off-chain transactions. And with appropriate software, accepting lots of currencies doesn't have to be harder for a merchant than accepting one. There's also some work on cross-chain currency trading without a trusted intermediary.
Re: Show HN: Dogecoin Average - the price of Doge
#36Re: Show HN: Dogecoin Average - the price of Doge
#37Re: Show HN: Dogecoin Average - the price of Doge
#38Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?
That's how I felt about Dogecoin at first, but their silliness seems to have generated an unusually nice community. I'm starting to think that's a more important factor than I'd realized. It's taken them to #7 in market cap, despite being technically a straight copy of Litecoin. http://coinmarketcap.com/
> despite being technically a straight copy of Litecoin.
It's not a straight copy, as it's got random block rewards and different parameters.
But it's very close, yes. Still scrypt based.
Re: Show HN: Dogecoin Average - the price of Doge
#39The signal to buy was when Dogecoin volume doubled Bitcoin volume. You had a couple days before the world realized how underpriced Doge was. Doge was around 45-50 Satoshis then. Funding the Jamaican bobsled team, and tapping into Cool Runnings millenial nostalgia was a great PR move by the Doge community. The recent price correction is probably due to mining pools jumping in when profitability soared before difficult…
>The Doge community has a saying "To the moon!".
Yet another inspiration provided by Bitcoin.
Re: Show HN: Dogecoin Average - the price of Doge
#40Earlier quoted context omitted.
Dogecoin was probably the 200th altcoin released so far... we still have a long way to go. Check out this list for some of the larger ones: http://coinmarketcap.com Take all the numbers listed there with a grain of salt, though.
Is there an index fund I can buy that tracks (probably just non-BTC) crypto currencies by market share? In other words, I'd like to own a basket of crypto currencies that reflects the market's weighting.
Honestly your best bet for this is bitcoin since almost every other crypto currency measures itself against BTC instead of USD, BTC is sort of a gateway crypto currency.