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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 pe

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.