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On the numbers, I think more businesses accept dogecoin than bitcoin. And the volume of dogecoin transactions exceeded bitcoin transactions the other day. The

On the numbers, I think more businesses accept dogecoin than bitcoin. And the volume of dogecoin transactions exceeded bitcoin transactions the other day. The transactions and businesses are smaller. All cryptocurrency is 'joke status' to a certain extent with the vast majority of people. Personally, I think it'd be genuinely funny for dogecoin to grow to be the most popular and valuable cryptocurrency.

Crito 13y ago
> On the numbers, I think more businesses accept dogecoin than bitcoin. And the volume of dogecoin transactions exceeded bitcoin transactions the other day. The transactions and businesses are smaller. Any chance the business plans for these businesses is "Make doge jokes on reddit, collect dogecoin donations"?
- JohnTHaller 13y ago
  Yup. That plus art, poetry, and all kinds of little one-offs that individuals can make online and get money for.
ye 13y ago
> On the numbers, I think more businesses accept dogecoin than bitcoin Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge. > And the volume of dogecoin transactions exceeded bitcoin transactions the other day Ah, you mean that stupid metric when you count the number of coins transferred? Yeah, whenever Doge fans mention it, they always forget to mention that there are 21 million bitcoins max, and what, a trillion Doge? You can create a coin with an extilion coins, make one transfer of all of them between two wallets, and voilà, you beat Doge in that metric. That's how dumb it is. Even at the peak of its popularity, Doge's volume in USD equivalent is 1/3 of Bitcoin. It's still impressive, no argument about it. Just don't make it sound like Doge overtook Bitcoin in any meaningful way. > All cryptocurrency is 'joke status' to a certain extent with the vast majority of people I disagree. Most people are not aware, that's true. But Bitcoin is serious business now.
- JohnTHaller 13y ago
  > Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge. Very few real-world businesses, online of off, accept ANY sort of cryptocurrency. So much so that the big bitcoin lists of businesses that accept bitcoins are mostly made up of no-name and very low level online sites with virtual goods (hosting, email, sms, games, etc). They list a few dozen small online stores that sell real hard goods. The one notable exception is Overstock.com, though they don't accept bitcoin themselves. They just added Coinbase as a checkout option ala PayPal, WePay, Scrilla, Amazon Payments, etc (so they have no pricing in bitcoin and never touch bitcoin themselves since Coinbase does a BTC to USD trade immediately on purchase and gives Overstock.com the USD). > Ah, you mean that stupid metric when you count the number of coins transferred? Nope. Dogecoin has exceeded bitcoin in terms of number of daily unique transactions. Nothing at all to do with the number of coins transferred or available. Dogecoin sees about double the number of daily unique transactions that bitcoin does. That's pretty astounding considering that Bitcoin just celebrated its 5 year anniversary and Dogecoin just celebrated its one month anniversary. See: http://blogs.marketwatch.com/thetell/2014/01/14/dogecoin-transactions-outpacing-those-in-bitcoin-heres-why-thats-not-surprising/ http://blogs.marketwatch.com/thetell/2014/01/14/dogecoin-tra... > I disagree. Most people are not aware, that's true. But Bitcoin is serious business now. Most people that are aware of it think its a silly bubble, pyramid/pump and dump scheme, and/or semi-interesting exercise in distributed computing/trust/etc. A small percentage of the people aware of it think it's serious and have put some skin in the game. I have some BTC some LTC and some DGC that I've been given but have never actually done anything with any of them.
  - ye 13y ago
    > They list a few dozen small online stores that sell real hard goods Dead wrong. There are 2,700 physical stores that accept Bitcoin listed here: http://coinmap.org/ http://coinmap.org/ Plus there are 90,000+ online merchants that accept Bitcoin via Spotify. Plus there are some major companies joining every day, including Overstock and Tesla. > Dogecoin sees about double the number of daily unique transactions that bitcoin does. Ah, sure, but 99%+ of them is people tipping each other for fun on Reddit and other sites, and transactions on exchanges. They are not goods purchased, simply because there are almost no places to spend Doge.

Crito 13y ago

> On the numbers, I think more businesses accept dogecoin than bitcoin. And the volume of dogecoin transactions exceeded bitcoin transactions the other day. The transactions and businesses are smaller. Any chance the business plans for these businesses is "Make doge jokes on reddit, collect dogecoin donations"?

JohnTHaller 13y ago
Yup. That plus art, poetry, and all kinds of little one-offs that individuals can make online and get money for.

ye 13y ago

> On the numbers, I think more businesses accept dogecoin than bitcoin Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge. > And the volume of dogecoin transactions exceeded bitcoin transactions the other day Ah, you mean that stupid metric when you count the number of coins transferred? Yeah, whenever Doge fans mention it, they always forget to mention that there are 21 million bitcoins max, and what, a trillion Doge? You can create a coin with an extilion coins, make one transfer of all of them between two wallets, and voilà, you beat Doge in that metric. That's how dumb it is. Even at the peak of its popularity, Doge's volume in USD equivalent is 1/3 of Bitcoin. It's still impressive, no argument about it. Just don't make it sound like Doge overtook Bitcoin in any meaningful way. > All cryptocurrency is 'joke status' to a certain extent with the vast majority of people I disagree. Most people are not aware, that's true. But Bitcoin is serious business now.

JohnTHaller 13y ago
> Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge. Very few real-world businesses, online of off, accept ANY sort of cryptocurrency. So much so that the big bitcoin lists of businesses that accept bitcoins are mostly made up of no-name and very low level online sites with virtual goods (hosting, email, sms, games, etc). They list a few dozen small online stores that sell real hard goods. The one notable exception is Overstock.com, though they don't accept bitcoin themselves. They just added Coinbase as a checkout option ala PayPal, WePay, Scrilla, Amazon Payments, etc (so they have no pricing in bitcoin and never touch bitcoin themselves since Coinbase does a BTC to USD trade immediately on purchase and gives Overstock.com the USD). > Ah, you mean that stupid metric when you count the number of coins transferred? Nope. Dogecoin has exceeded bitcoin in terms of number of daily unique transactions. Nothing at all to do with the number of coins transferred or available. Dogecoin sees about double the number of daily unique transactions that bitcoin does. That's pretty astounding considering that Bitcoin just celebrated its 5 year anniversary and Dogecoin just celebrated its one month anniversary. See: http://blogs.marketwatch.com/thetell/2014/01/14/dogecoin-transactions-outpacing-those-in-bitcoin-heres-why-thats-not-surprising/ http://blogs.marketwatch.com/thetell/2014/01/14/dogecoin-tra... > I disagree. Most people are not aware, that's true. But Bitcoin is serious business now. Most people that are aware of it think its a silly bubble, pyramid/pump and dump scheme, and/or semi-interesting exercise in distributed computing/trust/etc. A small percentage of the people aware of it think it's serious and have put some skin in the game. I have some BTC some LTC and some DGC that I've been given but have never actually done anything with any of them.
- ye 13y ago
  > They list a few dozen small online stores that sell real hard goods Dead wrong. There are 2,700 physical stores that accept Bitcoin listed here: http://coinmap.org/ http://coinmap.org/ Plus there are 90,000+ online merchants that accept Bitcoin via Spotify. Plus there are some major companies joining every day, including Overstock and Tesla. > Dogecoin sees about double the number of daily unique transactions that bitcoin does. Ah, sure, but 99%+ of them is people tipping each other for fun on Reddit and other sites, and transactions on exchanges. They are not goods purchased, simply because there are almost no places to spend Doge.