Apple approves Dogecoin iOS app • Hacker News Board

Re: Apple approves Dogecoin iOS app

#31

Post by RyanZAG » Fri, Feb 07, 2014, 1:36 PM UTC

nahname wrote: post #25

rglullis wrote: post #23

Earlier quoted context omitted.

The thing I don't understand, though... why not just use bitcoin to do it? It was BTC that found a way "to send really small amounts of money through the internet". No need to invent a niche. To me it looks like the ones using dogecoin don't want to think of it as money, but just some other form of internet points like karma.

I agree, let me give you 0.0000005 BTC. Or I could give you 100 DOGE.

People are dismissing this too easily. Looks matter, a lot. Tipping is an emotional connection - it's not a logical transaction. The tipper is making a contribution to something he likes. Giving 0.000000005 BTC gives the tipper and tippee an emotional message that his work isn't worth much. 100 DOGE makes it seem less petty. It's like giving a chocolate bar as a gift instead of $2 - you will get far more favorable reactions to the chocolate bar than a 'useless' $2.

Re: Apple approves Dogecoin iOS app

#32

Post by eterm » Fri, Feb 07, 2014, 1:37 PM UTC

rglullis wrote: post #27

nahname wrote: post #25

Earlier quoted context omitted.

I agree, let me give you 0.0000005 BTC. Or I could give you 100 DOGE.

If you are being sarcastic, I am missing it. If in the end of the day both can buy the same thing, why should I care how big or how small the numbers are?

Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.

Re: Apple approves Dogecoin iOS app

#33

Post by epmatsw » Fri, Feb 07, 2014, 1:54 PM UTC

Cthulhu_ wrote: post #22

VexXtreme wrote: post #11

Misleading title.

No it's not; it's a Dogecoin app, in the app store, so the title is accurate. Sure, it may need a clarification that it's a read-only app, but still.

Just because something is accurate doesn't mean it's not misleading. That it may need clarification would seem to be an indicator that it is in fact misleading.

Re: Apple approves Dogecoin iOS app

#34

Post by tokenizerrr » Fri, Feb 07, 2014, 1:57 PM UTC

eterm wrote: post #32

rglullis wrote: post #27

Earlier quoted context omitted.

If you are being sarcastic, I am missing it. If in the end of the day both can buy the same thing, why should I care how big or how small the numbers are?

Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.

Use satoshis. It's just another unit like cents. Who cares what the base unit is worth...

Re: Apple approves Dogecoin iOS app

#35

Post by TimSAstro » Fri, Feb 07, 2014, 1:59 PM UTC

rglullis wrote: post #23

commandar wrote: post #20

Earlier quoted context omitted.

I'd also say it demonstrates the importance of identifying a niche. Nobody cares about generic AltCoin #842012. Positioning themselves as a tipping currency was a smart move. The internet has badly needed a way to reward people with very small amounts of money for years. That's one of the things I really like about doge, personally.

The thing I don't understand, though... why not just use bitcoin to do it? It was BTC that found a way "to send really small amounts of money through the internet". No need to invent a niche. To me it looks like the ones using dogecoin don't want to think of it as money, but just some other form of internet points like karma.

I addition to the psychology of large numbers, there is a technical reason - the Doge network confirms transactions faster. (Arguably not a necessary feature for tipping, but again, the aesthetics are more pleasing.)

Re: Apple approves Dogecoin iOS app

#36

Post by janantala » Fri, Feb 07, 2014, 2:02 PM UTC

kaugesaar wrote: post #16

muratmutlu wrote: post #9

That design looks familiar http://liber.io/

http://www.blacktie.co/2013/12/flatty-app-landing-page/

All site templates are licensed under the Creative Commons Attribution 3.0 License, he didn't include BlackTie.co credit

Re: Apple approves Dogecoin iOS app

#37

Post by Marazan » Fri, Feb 07, 2014, 2:02 PM UTC

rglullis wrote: post #23

commandar wrote: post #20

Earlier quoted context omitted.

I'd also say it demonstrates the importance of identifying a niche. Nobody cares about generic AltCoin #842012. Positioning themselves as a tipping currency was a smart move. The internet has badly needed a way to reward people with very small amounts of money for years. That's one of the things I really like about doge, personally.

The thing I don't understand, though... why not just use bitcoin to do it? It was BTC that found a way "to send really small amounts of money through the internet". No need to invent a niche. To me it looks like the ones using dogecoin don't want to think of it as money, but just some other form of internet points like karma.

You can't send really small amount of Bitcoin, there is a cutoff to stop you "spamming" the network unless you also send a fee.

Also the mission statement of Bitcoin and Dogecoin are different.

Bitcoin is looking to replace world currency transactions by a secure peer-to-peer distributed network resistant to external attack through utilization of blah blah blah snooze.

Dogecoin is going to the moon.

Re: Apple approves Dogecoin iOS app

#38

Post by eterm » Fri, Feb 07, 2014, 2:33 PM UTC

tokenizerrr wrote: post #34

eterm wrote: post #32

Earlier quoted context omitted.

Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.

Use satoshis. It's just another unit like cents. Who cares what the base unit is worth...

Had bitcoin started with the satoshi as its base unit (i.e. what is called a satoshi was just called a bitcoin) then we might not be having this discussion.

But they didn't, and marketing matters.

Re: Apple approves Dogecoin iOS app

#39

Post by nicky0 » Fri, Feb 07, 2014, 2:42 PM UTC

tokenizerrr wrote: post #34

eterm wrote: post #32

Earlier quoted context omitted.

Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.

Use satoshis. It's just another unit like cents. Who cares what the base unit is worth...

Lets say I want to tip you roughly 10 cents.

I can send 0.0001 BTC Or 10000 Satoshi

BTC is too big. Satoshi is too small, something in between is just ... nice.

Re: Apple approves Dogecoin iOS app

#40

Post by slouch » Fri, Feb 07, 2014, 2:43 PM UTC

rglullis wrote: post #23

commandar wrote: post #20

Earlier quoted context omitted.

I'd also say it demonstrates the importance of identifying a niche. Nobody cares about generic AltCoin #842012. Positioning themselves as a tipping currency was a smart move. The internet has badly needed a way to reward people with very small amounts of money for years. That's one of the things I really like about doge, personally.

The thing I don't understand, though... why not just use bitcoin to do it? It was BTC that found a way "to send really small amounts of money through the internet". No need to invent a niche. To me it looks like the ones using dogecoin don't want to think of it as money, but just some other form of internet points like karma.

Bitcoin is terrifying to someone who has read stories of hacks and theft for a few years as an outsider, so "The one that no one takes seriously yet" is comforting.