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> Ahh yes, I see your point, it comes down to what cake you think will grow faster in terms of what you will buy into. Yup, I agree with you there. The problem
by crazydoggers 13y ago
> Ahh yes, I see your point, it comes down to what cake you think will grow faster in terms of what you will buy into.
Yup, I agree with you there. The problem is that there's nothing inherently different about Dogecoin that ensures a faster growth rate than Bitcoin. Bitcoin also has a subreddit, and I would argue a more mature community, even though it may not be the new hotness.
What is different about Dogecoin, it's faster block confirmation, it's faster difficulty retargeting, and it's larger reward payout, actually make it inherently less secure than Bitcoin (Litecoin shares these traits, to a lesser degree). The reason it's seeing faster growth compared to Bitcoin at the moment is that mining is still somewhat reasonable with regular hardware, but this will change fairly soon and slow it's growth rate as miners jump on the next currency that offers faster payouts.
So why not build your social network for tipping around Bitcoin? Personally I'd prefer a Bitcoin tip of 0.002 rather than 1000 Dogecoin.
- adrianwaj 13y agoA few good apps would cement the doge position. Its reddit growth is massive. I have ideas for a social network in fact, with screenshots. But I shelved them, but I have thought it through. Soundcloud tipping is something I personally would like to see (I think it has massive potential,) some way to see what artists have attracted the most tips, an easy way for artists to leave their tipping address which is not a blockchain address, or a link from each track that uses the referral to work out what track is being tipped (which the tipper confirms as correct) and generating an address on-the-fly. [same with youtube, that is also a huge area of tipping. Who wouldn't leave a single url in all their tracks and videos if they receive tips from it, especially if the giver is recorded and the initiating media identified?] Point-of-sale is also underdeveloped.