When I first heard about dogecoin I laughed. When I saw the circulation I paused. When I learned more I got interested.
Dogecoin and the Appeal of Small Numbers
111–120 of 149 posts
Re: Dogecoin and the Appeal of Small Numbers
#112I got into Doge when it was about a week old, stupidly bought like 1000 DOGE for 0.001BTC (there wasn't yet an exchange), which was way overvalued at the time. Then I setup cpuminer on my computer and let it run for a week and watched as 10,000 DOGE was added to my wallet. And then my mining pool shutdown. Just setup a mining pool account again this week and now my projections are looking more like 1000 DOGE every co…
Agreed. I was mining primecoin to get bitcoin, and noticed this new thing called doge. Since I like the idea of having 10,000 of something I exchanged for it instead. You know what? I have had more fun with that then any of the bitcoin I have. I have been playing with day trading, tipping people online and buying things from people.
Any good resources for getting started with day trading?
Re: Dogecoin and the Appeal of Small Numbers
#113Goatse Coin is coming - goatse.cx
Re: Dogecoin and the Appeal of Small Numbers
#114Just a random comment on the whole "community raised 25k" In fact one self identifying bitcoin speculator contributed $20k of that after moving some bc>doge all to drive speculative in doge through the assured free press (and wrote about his intent on reddit).
Dogecoin actually raised more than $25k more in the range of $40k, but yes one reddit user contributed $20k.
Re: Dogecoin and the Appeal of Small Numbers
#115It's 100% attitude. Doge is fun and playful while bitcoin seems to be the domain of crazy libertarians and people who just want to be the new bank.
As a techie who's been following bitcoin and disapproves of their libertarian ideology, I like the Dogecoin attitude. It's all a joke. It's like it's not serious. It's like people know that you're not going to replace all the money.
As a techie libertarian, I love Dogecoin. It's Bitcoin for people who hate Bitcoin.
The libertarian, crypto-anarchist ideology is inherent to all cryptocurrency, not inherent to Bitcoin.
Re: Dogecoin and the Appeal of Small Numbers
#116Takeaway: People are not rational. You can exploit this for marketing purposes.
Also, people are emotional. Not logical algorithmic calculators.
Re: Dogecoin and the Appeal of Small Numbers
#117Earlier quoted context omitted.
Exactly. Bitcoin is too big to experiment on, and the arguments of the hardcore-Bitcoin folks who hate altcoins are getting more and more ridiculous.
What makes you think those arguments are coming from the good Bitcoin devs/theorists? That community - I'm a part of it - thinks altcoins are valuable testing grounds for ideas and have used Litecoin for testing out new ideas in the past. But Litecoin has the very competent Warren Togami as lead dev right now; if dogecoin had competent devs maintaining the client they'd get some respect. But they don't.
I'm pretty sure they don't want your respect. :)
Re: Dogecoin and the Appeal of Small Numbers
#118Earlier quoted context omitted.
As a techie who's been following bitcoin and disapproves of their libertarian ideology, I like the Dogecoin attitude. It's all a joke. It's like it's not serious. It's like people know that you're not going to replace all the money.
As a techie libertarian, I love Dogecoin. It's Bitcoin for people who hate Bitcoin. The libertarian, crypto-anarchist ideology is inherent to all cryptocurrency, not inherent to Bitcoin.
Crypto-currency is not decentralised by nature. Bitcoin, dogecoin etc. are just one model. There are other models for crypto currency that involve issuing banks and have other advantages - offline transactions and no crazy waste-of-electricity hashing races.
Re: Dogecoin and the Appeal of Small Numbers
#119Great article, but I disagree with one point. I do believe the value of one Doge will reach one dollar. A 100 billion market cap is just ~8 times that of Bitcoins. If Doge succeeds at its goal of being the tipping currency for the internet it will reach at least one dollar. Update: To expound on my point, I think Dogecoin solves the single biggest crisis the Internet has created, and that is "How do we compensate peo…
Interesting analysis. I could see Dogecoin becoming the Whuffie of Doctorow's Down and Out in the Magic Kingdom. The currency of karma. The tipping currency of the internet. The post-work currency?
Ok now, who will launch karmacoin ?
Re: Dogecoin and the Appeal of Small Numbers
#120Earlier quoted context omitted.
Funny enough, that attitude may make it more successful in the long term. History has shown many times that it's not always the 100% dead serious who make it, but those who are just, well...making it up as they go along.
Lots of truth to this from a brand perspective, but the underlying technology of Dogecoin is pretty serious, it just happened to be deployed in a playful way. Not unlike the way that gaming technology or 4chan’s infrastructure is serious.
4chan's infrastructure is serious, but it started out as a joke. Much of gaming technology was as well created for fun first.
Anyway, I like it. Having to choose one business over another, ceteris paribus, I'd always go for the one with the sense of humour.