Dogecoin Tutorial • Hacker News Board

Re: Dogecoin Tutorial

#51

Post by minimax » Tue, Jan 28, 2014, 5:15 PM UTC

davidw wrote: post #2

Does it include information on the market manipulation? https://news.ycombinator.com/item?id=7126153

If anything that is just evidence of how thinly traded and amateurish these "markets" are.

Re: Dogecoin Tutorial

#52

Post by [deleted] » Tue, Jan 28, 2014, 5:16 PM UTC

pkfrank wrote: post #49

I'm honestly very interested by Dogecoin, the community enthusiasm and positivity seems to be it's wildcard. But I find the lexicon "so wow! to the moon!" et. al. just terribly grating. It honestly impacts my willingness to dive into the space.

[deleted]

Re: Dogecoin Tutorial

#53

Post by kbouw » Tue, Jan 28, 2014, 5:17 PM UTC

pkfrank wrote: post #49

I'm honestly very interested by Dogecoin, the community enthusiasm and positivity seems to be it's wildcard. But I find the lexicon "so wow! to the moon!" et. al. just terribly grating. It honestly impacts my willingness to dive into the space.

The meme powers the community and drives its marketing. You'll become immune to it after a short time.

Re: Dogecoin Tutorial

#54

Post by [deleted] » Tue, Jan 28, 2014, 5:18 PM UTC

[deleted] wrote: post #52

pkfrank wrote: post #49

I'm honestly very interested by Dogecoin, the community enthusiasm and positivity seems to be it's wildcard. But I find the lexicon "so wow! to the moon!" et. al. just terribly grating. It honestly impacts my willingness to dive into the space.

[deleted]

[deleted]

Re: Dogecoin Tutorial

#55

Post by kbouw » Tue, Jan 28, 2014, 5:19 PM UTC

fallinghawks wrote: post #50

kbouw wrote: post #45

Earlier quoted context omitted.

The process is the same for converting doge to USD (which I should make clear in the guide, thanks). There are a few exchanges with plans to offer direct exchange from Doge to USD in the coming weeks, which I will also be making a guide for when it's released. You could alternatively sell your Doge for USD through a service like eBay and add a nice markup for convenience (doge is selling for 2x the value in some bids…

YW and thanks. I'm the person who asked on reddit about converting to JPY. A Japanese shibe and I are trying to help Atsuko Sato, the owner of the doge, learn how to convert dogecoin donations. Since your tutorial is real clear I'll point my Japanese friend to it to translate.

No problem! Let me know if you have any questions on reddit (username: kbouw)

Re: Dogecoin Tutorial

#56

Post by [deleted] » Tue, Jan 28, 2014, 5:19 PM UTC

pkfrank wrote: post #49

I'm honestly very interested by Dogecoin, the community enthusiasm and positivity seems to be it's wildcard. But I find the lexicon "so wow! to the moon!" et. al. just terribly grating. It honestly impacts my willingness to dive into the space.

[deleted]

Re: Dogecoin Tutorial

#57

Post by fallinghawks » Tue, Jan 28, 2014, 5:25 PM UTC

kbouw wrote: post #55

fallinghawks wrote: post #50

Earlier quoted context omitted.

YW and thanks. I'm the person who asked on reddit about converting to JPY. A Japanese shibe and I are trying to help Atsuko Sato, the owner of the doge, learn how to convert dogecoin donations. Since your tutorial is real clear I'll point my Japanese friend to it to translate.

No problem! Let me know if you have any questions on reddit (username: kbouw)

Great, thanks. I'm dirthawker0.

Re: Dogecoin Tutorial

#58

Post by azatris » Tue, Jan 28, 2014, 5:26 PM UTC

Perhaps it's not the right thread to ask this, but:

What stops e.g. Pixar from opening up Pixarcoin where they let the community render their next movie? Am I missing something here?

Re: Dogecoin Tutorial

#59

Post by hnha » Tue, Jan 28, 2014, 5:30 PM UTC

ambiate wrote: post #12

My advice to everyone: if an altcoin pops up, mine it for a day or two. Place the funds in a private wallet. Backup the wallet on a USB key and two hard drives. Do not access it for 2-3 years. Early on, farming a block takes no effort at all. Later on, if the altcoin succeeds, you hit a random lotto. Otherwise, you have a few encrypted wallets and probably wasted 15 minutes setting up the miner per altcoin. Be wary o…

My advice to everyone: Existing cryptocurrencies and especially all the "i made a coin too" are a shady, complicated and potentially completely useless things. Consider them all schemes to lure money into the creator's wallets. That's the whole purpose. Now make the ethical decision if you want to support that for a chance on a questionable gain in $YourLocalRealMoney through shady exchanges. And if you feel stressed already that you missed the opportunity to be a fantastillionaire with bitcoin, you will probably get addicted to mining and feel miserable overall. Do you want to feel stressed and perhaps evil for a tiny chance of money or do you rather have a constant flow of secure meatspace money by working?

Re: Dogecoin Tutorial

#60

Post by SwellJoe » Tue, Jan 28, 2014, 5:33 PM UTC

k-mcgrady wrote: post #18

Nice, I just started looking into Dogecoin a few days ago. It's been two days now and my wallet is still doing its first sync (about 70%). I also set up a BitCoin wallet and it looks like that'll take weeks to sync. Is this a problem people starting crypto currencies are thinking about? Is it solvable or just how they work?

I suspect that every user running a full node is going to become a bigger problem as time goes by. Newer Bitcoin clients remove the requirement by communicating with a full node somewhere in the cloud and only storing the most recent transactions (a full node hosts the entire history of the currency; every transaction ever made).

Dogecoin has tremendous transaction volume, second only to Bitcoin some days, because of it's tipping culture. So, it's probably more urgent that solutions to the full-node problem get solved for more popular altcoins like Doge than for the less used ones.