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The currency's not even 2 months old and people are ascribing all sorts of importance to it. Not even in a year and it will be dead with all the other crypto-cu

The currency's not even 2 months old and people are ascribing all sorts of importance to it. Not even in a year and it will be dead with all the other crypto-currencies. People get too sentimental about some things on the Internet sometimes.

azernik 13y ago
FTA: The long-term success of Dogecoin is beside the point. It doesn’t have anything close to Bitcoin’s developer backing. And basing a currency on an internet meme presents its own risks: for example, the joke might get old. Those are two of many reasons that Bitcoin will keep its lead for now. But it will be interesting to see where and how smarter branding gets incorporated into new efforts. It's not about whether Dogecoin stays big, it's about how cryptocurrencies can or should use clever branding to differentiate themselves, rather than just technical differentiation.
- deleted 13y ago
  [deleted]
crucialfelix 13y ago
I think what is really important about it is the possibility of an endless series of temporary and largely speculative currencies popping up. This dilutes the brand of the entire sphere of crypto-currencies. It also raises serious questions for how much normal people should ever trust these currencies. Do you have to hang out on hacker news or r/bitcoin just to know if there are any issues with a currency ? That makes these currencies unusable.
adrianwaj 13y ago
People love their pet dogs, and many get more upset when a dog dies than a person. Don't underestimate the power of the dog image. Shibe is like a pet dog for a lot of people, it also promotes a giving nature, which is what the world needs, especially in cryptocurrency and finance, where central banks can print money for themselves at will. Also, many thousands of people saying "to the moon" together, you don't think that's going to have an effect on consciousness, especially when they visualize it as well? Crikey. There are big coins under threat, though. Because at the end of the day, they're all very much the same. Newcomers will want something they can relate to, and one that has opportunities and a future, and where they don't feel late to the party yet still supports them. Doge might fade, but not for ages and ages.
- jcromartie 13y ago
  I can't tell if this is serious. You think people attach that much importance to the "doge" meme?
  - adrianwaj 13y ago
    I am deadly serious. It's a brand, symbol and tool anyhow, not a meme, that fits perfectly with a currency. It's also a brand that people are using for themselves and 'making their own' and this provides a powerful stimulus in itself. There's an entire subreddit of art: http://www.reddit.com/r/dogecoinart/ http://www.reddit.com/r/dogecoinart/ It's a self-perpetuating, crowdsourced brand and eco-system. This is way beyond meme. It's a marketer's dream. It unites people on their own terms, in a world where brands and currencies cannot be touched for fear of legal repercussions. The image of the dog at the table with dollar glasses on: that's just one person's interpretation.

azernik 13y ago

FTA: The long-term success of Dogecoin is beside the point. It doesn’t have anything close to Bitcoin’s developer backing. And basing a currency on an internet meme presents its own risks: for example, the joke might get old. Those are two of many reasons that Bitcoin will keep its lead for now. But it will be interesting to see where and how smarter branding gets incorporated into new efforts. It's not about whether Dogecoin stays big, it's about how cryptocurrencies can or should use clever branding to differentiate themselves, rather than just technical differentiation.

deleted 13y ago
[deleted]

crucialfelix 13y ago

I think what is really important about it is the possibility of an endless series of temporary and largely speculative currencies popping up. This dilutes the brand of the entire sphere of crypto-currencies. It also raises serious questions for how much normal people should ever trust these currencies. Do you have to hang out on hacker news or r/bitcoin just to know if there are any issues with a currency ? That makes these currencies unusable.

adrianwaj 13y ago

People love their pet dogs, and many get more upset when a dog dies than a person. Don't underestimate the power of the dog image. Shibe is like a pet dog for a lot of people, it also promotes a giving nature, which is what the world needs, especially in cryptocurrency and finance, where central banks can print money for themselves at will. Also, many thousands of people saying "to the moon" together, you don't think that's going to have an effect on consciousness, especially when they visualize it as well? Crikey. There are big coins under threat, though. Because at the end of the day, they're all very much the same. Newcomers will want something they can relate to, and one that has opportunities and a future, and where they don't feel late to the party yet still supports them. Doge might fade, but not for ages and ages.

jcromartie 13y ago
I can't tell if this is serious. You think people attach that much importance to the "doge" meme?
- adrianwaj 13y ago
  I am deadly serious. It's a brand, symbol and tool anyhow, not a meme, that fits perfectly with a currency. It's also a brand that people are using for themselves and 'making their own' and this provides a powerful stimulus in itself. There's an entire subreddit of art: http://www.reddit.com/r/dogecoinart/ http://www.reddit.com/r/dogecoinart/ It's a self-perpetuating, crowdsourced brand and eco-system. This is way beyond meme. It's a marketer's dream. It unites people on their own terms, in a world where brands and currencies cannot be touched for fear of legal repercussions. The image of the dog at the table with dollar glasses on: that's just one person's interpretation.