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And with crypto currencies, the community is far more important than the technology (past a minimum bar that Bitcoin has set). Dogecoins are intrinsically valua
by reitzensteinm 12y ago
And with crypto currencies, the community is far more important than the technology (past a minimum bar that Bitcoin has set). Dogecoins are intrinsically valuable so long as people enjoy sending/trading with them, and there's a real possibility of it becoming a widely used internet tipping currency.
I made a prediction here on Jan 14, 2014 that Dogecoin's market cap would grow faster than that of Bitcoin this year (or shrink slower). I wasn't comfortable saying it in public at the time, but it's actually going pretty well (much to my surprise):
Dogecoin - $7.9m -> $35m for ~4.4x growth
Bitcoin - $10.4b -> $5.7b for ~0.54 growth
Relatively, Dogecoin has outperformed Bitcoin (in terms of market cap) by ~8.08x. Of course, since Dogecoin inflates more quickly, this isn't representative of the result of purchasing coins and waiting (IMO a good thing).
https://news.ycombinator.com/item?id=7050037 https://news.ycombinator.com/item?id=7050037