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Based on my light understanding of crypto related things, I think Bitcoin very obviously has a purpose and a mission while Dogecoin was literally created as a j

by mym1990 5y ago

Based on my light understanding of crypto related things, I think Bitcoin very obviously has a purpose and a mission while Dogecoin was literally created as a joke and happened to take off...that would be understanding of their “objectives” as referenced in the article.

kube-system 5y ago
I personally think dogecoin is dumb, but I also don't think originalism is very useful to judge most creations. Plenty of creations take on a life that is nothing like the originator intended.
- mym1990 5y ago
  Maybe, but it’s not like Bitcoin had a mission and it’s now completely different, it still pursues a more decentralized world view. In similar light, it’s not like Dogecoin is now any less of a joke than it was when it was created, it’s just speculated upon more.
lvs 5y ago
The developers who made the joke are no longer associated with any ongoing development. And just because something is unserious does not mean it lacks value or objectives.
lawn 5y ago
A thing doesn't derive it's value or purpose from the intent of their creator, but how it's used going forward. Bitcoin for example was created to be electronic cash, but today most people treat is as a "digital gold" and a store of value, but not as something to be used in regular day-to-day transactions. And Dogecoin was indeed created as a joke, but it doesn't stop it from being used to buy things (3% of all BitPay purchases[1]), and in contrast to Bitcoin the community wants to keep it affordable. So in a way, you can argue that Dogecoin follows Satoshi's vision more than even Bitcoin does. [1]: https://bitpay.com/stats/ https://bitpay.com/stats/
- NicoJuicy 5y ago
  68,774 average transactions processed per month. ~2000 for dogecoin. Most of the purchases are gift cards ( a method for money laundering) That kinda sums up how useful it is to add crypto to your e-commerce. There are less than 10 x amount of purchases through crypto than amount of different crypto.
bko 5y ago
Dogecoin is also based off an ancient fork of Litecoin. My understanding is its no longer actively maintained and very insecure and concentrated compared to Bitcoin or Ethereum

kube-system 5y ago

I personally think dogecoin is dumb, but I also don't think originalism is very useful to judge most creations. Plenty of creations take on a life that is nothing like the originator intended.

mym1990 5y ago
Maybe, but it’s not like Bitcoin had a mission and it’s now completely different, it still pursues a more decentralized world view. In similar light, it’s not like Dogecoin is now any less of a joke than it was when it was created, it’s just speculated upon more.

lvs 5y ago

The developers who made the joke are no longer associated with any ongoing development. And just because something is unserious does not mean it lacks value or objectives.

lawn 5y ago

A thing doesn't derive it's value or purpose from the intent of their creator, but how it's used going forward. Bitcoin for example was created to be electronic cash, but today most people treat is as a "digital gold" and a store of value, but not as something to be used in regular day-to-day transactions. And Dogecoin was indeed created as a joke, but it doesn't stop it from being used to buy things (3% of all BitPay purchases[1]), and in contrast to Bitcoin the community wants to keep it affordable. So in a way, you can argue that Dogecoin follows Satoshi's vision more than even Bitcoin does. [1]: https://bitpay.com/stats/ https://bitpay.com/stats/

NicoJuicy 5y ago
68,774 average transactions processed per month. ~2000 for dogecoin. Most of the purchases are gift cards ( a method for money laundering) That kinda sums up how useful it is to add crypto to your e-commerce. There are less than 10 x amount of purchases through crypto than amount of different crypto.

bko 5y ago

Dogecoin is also based off an ancient fork of Litecoin. My understanding is its no longer actively maintained and very insecure and concentrated compared to Bitcoin or Ethereum