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Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare t

Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?

mikeevans 13y ago
Don't forget Coinye! "Coinye, formerly Coinye West, is a Scrypt-based cryptocurrency that used the American hip hop artist, Kanye West as its mascot"[1] 1: http://en.wikipedia.org/wiki/Coinye http://en.wikipedia.org/wiki/Coinye
- JonnieCache 13y ago
  Coinye's naked worship of celebrity is simply gauche. The irony only makes it worse. Dogecoin on the other hand... wow. I for one am looking forward to the 2050s, when china installs the doge as the world reserve currency, and all our paper money is written in rainbow-coloured comic sans.
rthomas6 13y ago
Such cynicism.
- GigabyteCoin 13y ago
  Please. This is HN, and you know it. Your account was registerd over 2,000 days ago. Stop with the pointless comments.
  - ansimionescu 13y ago
    Much stick up the ass. Not wow :(
    - GigabyteCoin 13y ago
      What on earth is happening to HN?
      - _dogey 13y ago
        Get over yourself. Such mad.
        GigabyteCoin 13y ago
        I am not upset. I am horrendously disappointed. I suppose Bitcoiners had a similiar disrespect for HN when they came flooding in ~3 years ago, too.
        BlackDeath3 13y ago
        >I suppose Bitcoiners had a similiar disrespect for HN when they came flooding in ~3 years ago, too. Perhaps, but I'm not convinced. I imagine the fact that Dogecoin is based around a meme has a lot to do with it.
        adamnemecek 13y ago
        Just imagine how much more time could be devoted to discussion about how many iPhones does the founder of Path really have.
        BlackDeath3 13y ago
        And yet every day HN is filled with people talking about the things that they like to talk about, and having a nice time doing so, all in their own little space here on this site. For the most part, users like to keep this place intelligent and spam-free. Want to spam Doge-related comments? I can only imagine that that is what /r/Dogecoin is for. Why bring it here?
        adamnemecek 13y ago
        Right, but what if people want to talk about doge?
  - 02 13y ago
    wow
  - 02 13y ago
    Wow.
  - phy6 13y ago
    Very registerd
  - rthomas6 13y ago
    My comment does technically have correct grammar and stand on its own as a valid criticism of your comment, which to me is what makes it especially funny. Everybody posting "wow" as a response to you... not so much.
    - GigabyteCoin 13y ago
      First off: deleted_account is not my username, you were not responding to my comment. Second: The sentence "I am." technically has correct grammar, but doesn't serve the benefit of anybody reading HN. As does this recently similar comment with many downvotes: https://news.ycombinator.com/item?id=7104994 https://news.ycombinator.com/item?id=7104994 You should have just hit the downvote or flag button if you thought that OPs comment was truly cynical. How exactly was deleted_account being cynical anyways by asking the question "Can we officially declare that crypto-currencies have jumped the shark?"? I do not think you understand the meaning of the word "cynicism" or what it is "to be cynical".
      - deleted 13y ago
        [deleted]
      - DennisP 13y ago
        "You should have just hit the downvote"...pot, meet kettle.
        GigabyteCoin 13y ago
        One cannot hit the downvote button on replies made to one's own comments.
        DennisP 13y ago
        True, good point. Still, I'm not sure it's a net benefit to kick off a sizable subtree debating the merits of a two-word comment. It might be considered an investment in future comment quality, but downvoting all the meme comments that we are able to is probably as effective. Personally, as long as it's restricted to articles about dogecoin I don't find it annoying, though I wouldn't want it to spread. Clearly your mileage varies.
Two9A 13y ago
Cryptsy, the crypto-currency exchange, have over a hundred markets running right now. Some of them are more active than others, of course.
GigabyteCoin 13y ago
Dogecoin was probably the 200th altcoin released so far... we still have a long way to go. Check out this list for some of the larger ones: http://coinmarketcap.com http://coinmarketcap.com Take all the numbers listed there with a grain of salt, though.
- icambron 13y ago
  Is there an index fund I can buy that tracks (probably just non-BTC) crypto currencies by market share? In other words, I'd like to own a basket of crypto currencies that reflects the market's weighting.
  - javindo 13y ago
    Honestly your best bet for this is bitcoin since almost every other crypto currency measures itself against BTC instead of USD, BTC is sort of a gateway crypto currency.
- deleted_account 13y ago
  Prediction for 2014: a meta crypto-currency valued on the number of crypto-currencies in circulation.
vectorpush 13y ago
Bitcoin, Litecoin, and...Dogecoin And dozens more. http://coinmarketcap.com/ http://coinmarketcap.com/ I think you've come to the wrong conclusion. Doge might be a funny name, but the crypto is real and so is its trade value against bitcoin. What we're seeing here is that Satoshi's idea is so valuable that it empowers a community to arbitrarily construct a functioning decentralized financial platform, even as a joke. We're just touching the surface of what cryptocoins are going to mean in the future.
deleted 13y ago
[deleted]
DennisP 13y ago
That's how I felt about Dogecoin at first, but their silliness seems to have generated an unusually nice community. I'm starting to think that's a more important factor than I'd realized. It's taken them to #7 in market cap, despite being technically a straight copy of Litecoin. http://coinmarketcap.com/ http://coinmarketcap.com/
- Two9A 13y ago
  The community, and particularly the generosity of tipping, seems to have been a driving factor. There are already multiple "tipping bots" on Twitter, which will give out Doge on command. There's speculation that a similar functionality for Facebook would be like strapping SRB's to the side of the Doge moonrocket, and give it Much Velocity.
  - michaelbuckbee 13y ago
    You mention the generosity (which I agree with), but also the act of online tipping is a use case that crypto-currencies handle substantially better than me putting a dollar bill in a paper envelope and mailing it or paying a 25 cent transaction fee to tip 10 cents.
    - Pxtl 13y ago
      Yup. Reddit had bitcoin tipping functionality back when bitcoins were a buck or two. Getting tipped a quarter convinced me to figure out this cryptocurrency thing. Taking that mechanism outside of the Reddit sandbox is a big help. And yeah, I spent my quarter-BTC on Humble Bundles. Oops.
  - rthomas6 13y ago
    We'll see how long this lasts if Dogecoins become worth a lot more. BTC used to be like this, too, with many "Bitcoin faucets" dispensing coins at will just for entering an address.
- steveklabnik 13y ago
  > despite being technically a straight copy of Litecoin. It's not a straight copy, as it's got random block rewards and different parameters. But it's very close, yes. Still scrypt based.

mikeevans 13y ago

Don't forget Coinye! "Coinye, formerly Coinye West, is a Scrypt-based cryptocurrency that used the American hip hop artist, Kanye West as its mascot"[1] 1: http://en.wikipedia.org/wiki/Coinye http://en.wikipedia.org/wiki/Coinye

JonnieCache 13y ago
Coinye's naked worship of celebrity is simply gauche. The irony only makes it worse. Dogecoin on the other hand... wow. I for one am looking forward to the 2050s, when china installs the doge as the world reserve currency, and all our paper money is written in rainbow-coloured comic sans.

rthomas6 13y ago

Such cynicism.

GigabyteCoin 13y ago
Please. This is HN, and you know it. Your account was registerd over 2,000 days ago. Stop with the pointless comments.
- ansimionescu 13y ago
  Much stick up the ass. Not wow :(
  - GigabyteCoin 13y ago
    What on earth is happening to HN?
    - _dogey 13y ago
      Get over yourself. Such mad.
      - GigabyteCoin 13y ago
        I am not upset. I am horrendously disappointed. I suppose Bitcoiners had a similiar disrespect for HN when they came flooding in ~3 years ago, too.
        BlackDeath3 13y ago
        >I suppose Bitcoiners had a similiar disrespect for HN when they came flooding in ~3 years ago, too. Perhaps, but I'm not convinced. I imagine the fact that Dogecoin is based around a meme has a lot to do with it.
        adamnemecek 13y ago
        Just imagine how much more time could be devoted to discussion about how many iPhones does the founder of Path really have.
        BlackDeath3 13y ago
        And yet every day HN is filled with people talking about the things that they like to talk about, and having a nice time doing so, all in their own little space here on this site. For the most part, users like to keep this place intelligent and spam-free. Want to spam Doge-related comments? I can only imagine that that is what /r/Dogecoin is for. Why bring it here?
        adamnemecek 13y ago
        Right, but what if people want to talk about doge?
- 02 13y ago
  wow
- 02 13y ago
  Wow.
- phy6 13y ago
  Very registerd
- rthomas6 13y ago
  My comment does technically have correct grammar and stand on its own as a valid criticism of your comment, which to me is what makes it especially funny. Everybody posting "wow" as a response to you... not so much.
  - GigabyteCoin 13y ago
    First off: deleted_account is not my username, you were not responding to my comment. Second: The sentence "I am." technically has correct grammar, but doesn't serve the benefit of anybody reading HN. As does this recently similar comment with many downvotes: https://news.ycombinator.com/item?id=7104994 https://news.ycombinator.com/item?id=7104994 You should have just hit the downvote or flag button if you thought that OPs comment was truly cynical. How exactly was deleted_account being cynical anyways by asking the question "Can we officially declare that crypto-currencies have jumped the shark?"? I do not think you understand the meaning of the word "cynicism" or what it is "to be cynical".
    - deleted 13y ago
      [deleted]
    - DennisP 13y ago
      "You should have just hit the downvote"...pot, meet kettle.
      - GigabyteCoin 13y ago
        One cannot hit the downvote button on replies made to one's own comments.
        DennisP 13y ago
        True, good point. Still, I'm not sure it's a net benefit to kick off a sizable subtree debating the merits of a two-word comment. It might be considered an investment in future comment quality, but downvoting all the meme comments that we are able to is probably as effective. Personally, as long as it's restricted to articles about dogecoin I don't find it annoying, though I wouldn't want it to spread. Clearly your mileage varies.

Two9A 13y ago

Cryptsy, the crypto-currency exchange, have over a hundred markets running right now. Some of them are more active than others, of course.

GigabyteCoin 13y ago

Dogecoin was probably the 200th altcoin released so far... we still have a long way to go. Check out this list for some of the larger ones: http://coinmarketcap.com http://coinmarketcap.com Take all the numbers listed there with a grain of salt, though.

icambron 13y ago
Is there an index fund I can buy that tracks (probably just non-BTC) crypto currencies by market share? In other words, I'd like to own a basket of crypto currencies that reflects the market's weighting.
- javindo 13y ago
  Honestly your best bet for this is bitcoin since almost every other crypto currency measures itself against BTC instead of USD, BTC is sort of a gateway crypto currency.
deleted_account 13y ago
Prediction for 2014: a meta crypto-currency valued on the number of crypto-currencies in circulation.

vectorpush 13y ago

Bitcoin, Litecoin, and...Dogecoin And dozens more. http://coinmarketcap.com/ http://coinmarketcap.com/ I think you've come to the wrong conclusion. Doge might be a funny name, but the crypto is real and so is its trade value against bitcoin. What we're seeing here is that Satoshi's idea is so valuable that it empowers a community to arbitrarily construct a functioning decentralized financial platform, even as a joke. We're just touching the surface of what cryptocoins are going to mean in the future.

deleted 13y ago

[deleted]

DennisP 13y ago

That's how I felt about Dogecoin at first, but their silliness seems to have generated an unusually nice community. I'm starting to think that's a more important factor than I'd realized. It's taken them to #7 in market cap, despite being technically a straight copy of Litecoin. http://coinmarketcap.com/ http://coinmarketcap.com/

Two9A 13y ago
The community, and particularly the generosity of tipping, seems to have been a driving factor. There are already multiple "tipping bots" on Twitter, which will give out Doge on command. There's speculation that a similar functionality for Facebook would be like strapping SRB's to the side of the Doge moonrocket, and give it Much Velocity.
- michaelbuckbee 13y ago
  You mention the generosity (which I agree with), but also the act of online tipping is a use case that crypto-currencies handle substantially better than me putting a dollar bill in a paper envelope and mailing it or paying a 25 cent transaction fee to tip 10 cents.
  - Pxtl 13y ago
    Yup. Reddit had bitcoin tipping functionality back when bitcoins were a buck or two. Getting tipped a quarter convinced me to figure out this cryptocurrency thing. Taking that mechanism outside of the Reddit sandbox is a big help. And yeah, I spent my quarter-BTC on Humble Bundles. Oops.
- rthomas6 13y ago
  We'll see how long this lasts if Dogecoins become worth a lot more. BTC used to be like this, too, with many "Bitcoin faucets" dispensing coins at will just for entering an address.
steveklabnik 13y ago
> despite being technically a straight copy of Litecoin. It's not a straight copy, as it's got random block rewards and different parameters. But it's very close, yes. Still scrypt based.