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Personally I think Dogecoin is hilarious. I put together a guide for anyone that is interested in playing around with it. http://cryptojunky.com/blog/2013/12/1

Personally I think Dogecoin is hilarious. I put together a guide for anyone that is interested in playing around with it. http://cryptojunky.com/blog/2013/12/19/getting-started-with-dogecoin/ http://cryptojunky.com/blog/2013/12/19/getting-started-with-... Regardless the intention of Dogecoin, it seems to be working as an introductory cryptocurrency for a lot of new users. Can't tell whether or not it will stick around yet, but I've heard a lot of responses from users saying it is the first cryptocurrency they've wanted to try out.

AndrewBissell 13y ago
I think one of the reasons Dogecoin is working so well as an introductory cryptocurrency is because it's all being done for a laugh. A lot of the most vocal people in the other currency communities are out to promote their mining pools or attract money into their favorite alt-coin, which turns off newcomers by giving the whole thing an air of carnival barking.
- CryptoJunky 13y ago
  Agreed. I think unit bias might have something to do with it as well. People love receiving even 10 dogecoin, but the equivalent value in Bitcoin, which would be some small decimal, is not regarded as being as valuable (even though they're equivalent on exchanges). What's more is that dogecoin's transaction fee is much much smaller than litecoin or Bitcoin, making it easier to make small transactions and give internet tips.
code_duck 13y ago
For some reason, I have seriously considered mining dogecoin despite having no interest in obtaining bit, alt, lite or other 'serious' coins. What attracts me seems like a good question ponder. I feel like I have a chance to actually 'find' some coins. Whether successfully mining coins is truly more likely, or whether the doge coins mined would actually have more value than whatever other types of coin I could find with equivalent effort, I have no idea currently. I've always liked the doge of shibe meme... And the absurdity of doge coin is highly appealing. It seems that indeed, probably the first currency I will learn to mine is dogecoin.

AndrewBissell 13y ago

I think one of the reasons Dogecoin is working so well as an introductory cryptocurrency is because it's all being done for a laugh. A lot of the most vocal people in the other currency communities are out to promote their mining pools or attract money into their favorite alt-coin, which turns off newcomers by giving the whole thing an air of carnival barking.

CryptoJunky 13y ago
Agreed. I think unit bias might have something to do with it as well. People love receiving even 10 dogecoin, but the equivalent value in Bitcoin, which would be some small decimal, is not regarded as being as valuable (even though they're equivalent on exchanges). What's more is that dogecoin's transaction fee is much much smaller than litecoin or Bitcoin, making it easier to make small transactions and give internet tips.

code_duck 13y ago

For some reason, I have seriously considered mining dogecoin despite having no interest in obtaining bit, alt, lite or other 'serious' coins. What attracts me seems like a good question ponder. I feel like I have a chance to actually 'find' some coins. Whether successfully mining coins is truly more likely, or whether the doge coins mined would actually have more value than whatever other types of coin I could find with equivalent effort, I have no idea currently. I've always liked the doge of shibe meme... And the absurdity of doge coin is highly appealing. It seems that indeed, probably the first currency I will learn to mine is dogecoin.