131–140 of 149 posts
I am the only one who reads "Doge" as its pre-meme value: the ruler of an italian city state like Venice back in the day?
I guess Doge as in Dogecoin was meant to be pronounced "doggie", deliberately misspelt, whereas the Venetian Doge is pronounced /ˈdoʊdʒ/ (~doj).
Great post. Also perfectly explains why the idea that bitcoin will rule the world is nonsense; there's infinite competition from other fad currencies. Whatever benefit you think bitcoin has or will have - WHATEVER benefit - someone will make another currency that does it better and cooler, and then no one will have any reason to have bitcoins, and then your life savings evaporate. Social networks, teen pop music band…
Can anyone comment on the profitability of mining Dogecoins vs bitcoins? It seems weird that mining one crypto currency would be more or less profitable (in dollars per watt terms) than another. Rational miners seeking to optimize profits would tend to mine the more profitable coin which would drive up the supply and drive down the price until an equilibrium is achieved. edit: While we are at it, does anyone know how…
Some miners aren't in it for the immediate profitability though; While you may be able to mine .025 BTC worth of AltCoin A per day pretty regularly, I may choose to mine the much less profitable AltCoin B that only nets me .01 BTC each day because I believe holding it will make it much more valuable N months from now.
Where can you exchange $20 for 10k DOGE easily? Doge-base anyone?
Earlier 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.