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Dogecoin is kinda like a control/placebo for real cryptocoins. And the fact that it exploded without providing real distinct utility apart from existing coins

Dogecoin is kinda like a control/placebo for real cryptocoins. And the fact that it exploded without providing real distinct utility apart from existing coins is an indication that something is indeed wrong.

HuggableSquare 9y ago
Originally it was pretty much just a fork of Litecoin, but since then Dogecoin has considered the economic viability of it as a real currency. It's one of the few inflationary cryptocurrencies, it has a block every minute which is good for confirmation times, the transaction fees are very low, AuxPoW has given it a huge network of miners keeping the network alive, and the core devs have kept the stability of the network above all else which includes not adding every new feature that all the other altcoins love.
- meesterdude 9y ago
  > which includes not adding every new feature that all the other altcoins love. Or indeed making any changes at all! The github repo hasn't been touched in over 2 years
  - HuggableSquare 9y ago
    Here's a reply I posted elsewhere in the thread about this: Although there hasn't been a release in two years they're currently working on releasing 1.14 this year. In case you're interested the core devs have been doing a pretty good job on keeping people informed on the status of the release on the subreddit. Latest post here: https://www.reddit.com/r/dogecoin/comments/7oxi53/developer_brain_dump_incoming/ https://www.reddit.com/r/dogecoin/comments/7oxi53/developer_... Also, there has been lots of updates to the github repo, just look at the 1.14-dev branch instead of master.
Balgair 9y ago
I love this and am going to steal the phrasing. Doge is an absurdity. Like "Cards Against Humanity" or the "C'est non un Pipe" paintings. That it can be considered to be 'legit' or anything else is fantasy. Anyone that is investing in Doge is a fool. Unfortunately, there are just too many damn fools.
- 2bitencryption 9y ago
  I seriously doubt people are "investing" in Doge. Interest in coins are going up, so of course that will spill over to the easier, less risky coins like Doge that people will want to experiment with to see if they like the model. And with that increased demand inherently comes increased value, not because people are pumping up the meme coin, but just because it's becoming more active, along with the rest of the ecosystem. It also probably serves as a reliable intermediary coin to use as an exchange or more common coins.

HuggableSquare 9y ago

Originally it was pretty much just a fork of Litecoin, but since then Dogecoin has considered the economic viability of it as a real currency. It's one of the few inflationary cryptocurrencies, it has a block every minute which is good for confirmation times, the transaction fees are very low, AuxPoW has given it a huge network of miners keeping the network alive, and the core devs have kept the stability of the network above all else which includes not adding every new feature that all the other altcoins love.

meesterdude 9y ago
> which includes not adding every new feature that all the other altcoins love. Or indeed making any changes at all! The github repo hasn't been touched in over 2 years
- HuggableSquare 9y ago
  Here's a reply I posted elsewhere in the thread about this: Although there hasn't been a release in two years they're currently working on releasing 1.14 this year. In case you're interested the core devs have been doing a pretty good job on keeping people informed on the status of the release on the subreddit. Latest post here: https://www.reddit.com/r/dogecoin/comments/7oxi53/developer_brain_dump_incoming/ https://www.reddit.com/r/dogecoin/comments/7oxi53/developer_... Also, there has been lots of updates to the github repo, just look at the 1.14-dev branch instead of master.

Balgair 9y ago

I love this and am going to steal the phrasing. Doge is an absurdity. Like "Cards Against Humanity" or the "C'est non un Pipe" paintings. That it can be considered to be 'legit' or anything else is fantasy. Anyone that is investing in Doge is a fool. Unfortunately, there are just too many damn fools.

2bitencryption 9y ago
I seriously doubt people are "investing" in Doge. Interest in coins are going up, so of course that will spill over to the easier, less risky coins like Doge that people will want to experiment with to see if they like the model. And with that increased demand inherently comes increased value, not because people are pumping up the meme coin, but just because it's becoming more active, along with the rest of the ecosystem. It also probably serves as a reliable intermediary coin to use as an exchange or more common coins.