228029 Bullies, 4696 online  
  • Register
Our Sponsors:

Results 1 to 10 of 39
Page 1 of 4 1 234 LastLast
Sponsored Links Spacer Image
  1. killface is offline

    Registered Member

    Join Date
    May 2013
    Posts
    227

    Posted On:
    2/04/2014 5:46pm


     Style: BJJ

    -1
    Hell yeah! Hell no!

    Dogecoins: Investment opportunity or joke?



    So what do you guys think?

    Just another Bitcoin? Let me tell you what makes Dogecoin different:
    - started December, so still chance to be early adopter
    - different algorithm that does not favor specialized hardware so much (this means you can make lots of coins at home if you happen to have a good gpu).
    - there are much more coins and they are worth less
    - great for micro-payments and tipping
    - great community

    Honestly I am not a big fan of crypto-currencies. The bitcoin community is full of anarcho-capitalistic dreamer and people that believe they can get rich by doing nothing. What I like about Dogecoin is that it is more geared towards the mainstream and actually solving real problems, like micro-payments. Plus people don't take it so ultra-serious.
  2. AKRhino is offline
    AKRhino's Avatar

    Registered Member

    Join Date
    Nov 2007
    Location
    Fairbanks, Alaska
    Posts
    550

    Posted On:
    2/04/2014 5:49pm


     Style: Brazillian Jiu Jitsu

    --
    Hell yeah! Hell no!
    Personally, knowing basically only the name, plus what little I know about bitcoin, I don't see this being picked up seriously by many.
  3. ghost55 is online now
    ghost55's Avatar

    Registered Member

    Join Date
    Oct 2013
    Location
    Munich, Germany
    Posts
    735

    Posted On:
    2/04/2014 5:49pm


     Style: Muay Thai/Judo

    6
    Hell yeah! Hell no!
    Such currency
    very investment
    much savy
    such future
    wow
  4. killface is offline

    Registered Member

    Join Date
    May 2013
    Posts
    227

    Posted On:
    2/04/2014 6:18pm


     Style: BJJ

    -1
    Hell yeah! Hell no!
    Quote Originally Posted by AKRhino View Post
    Personally, knowing basically only the name, plus what little I know about bitcoin, I don't see this being picked up seriously by many.
    Surprisingly, it has a very strong and big community.

    http://bitinfocharts.com
    $47,846,924 USD Market Capitalization
    Plus it is the crypto-coin with the most transaction going on.
    Last edited by killface; 2/04/2014 6:22pm at .
  5. goodlun is online now
    goodlun's Avatar

    Senior Member

    Join Date
    Jun 2008
    Location
    Ramona
    Posts
    5,283

    Posted On:
    2/04/2014 6:54pm

    Join us... or die
     Style: BJJ

    2
    Hell yeah! Hell no!
    What makes Bitcoin worth something IMHO is at least when Silk Road was around backed by a commodity. The fact was even if you couldn't convert bitcoin into dollars at an exchange you could always convert it into drugs. Drugs have value.

    So what can you actually buy with Dogecoin?
  6. AKRhino is offline
    AKRhino's Avatar

    Registered Member

    Join Date
    Nov 2007
    Location
    Fairbanks, Alaska
    Posts
    550

    Posted On:
    2/04/2014 7:06pm


     Style: Brazillian Jiu Jitsu

    3
    Hell yeah! Hell no!
    We should start pumping out bullshidobucks
  7. Permalost is offline
    Permalost's Avatar

    pro nonsense self defense

    Join Date
    Nov 2012
    Location
    San Diego
    Posts
    12,585

    Posted On:
    2/04/2014 7:21pm

    supporting member
     Style: FMA, dumbek, Indian clubs

    2
    Hell yeah! Hell no!
    I think picking a meme was a poor idea for the longevity of the currency. Imagine if someone made AllYourBaseCoins or MoreCowbellCoins a few years ago.
  8. ghost55 is online now
    ghost55's Avatar

    Registered Member

    Join Date
    Oct 2013
    Location
    Munich, Germany
    Posts
    735

    Posted On:
    2/04/2014 9:45pm


     Style: Muay Thai/Judo

    --
    Hell yeah! Hell no!
    Quote Originally Posted by AKRhino View Post
    We should start pumping out bullshidobucks
    Well the crypto currency algorithms and source code are all out there for free. If you want it to be so, make it so and start mining.
  9. killface is offline

    Registered Member

    Join Date
    May 2013
    Posts
    227

    Posted On:
    2/04/2014 10:36pm


     Style: BJJ

    -1
    Hell yeah! Hell no!
    Quote Originally Posted by goodlun View Post
    What makes Bitcoin worth something IMHO is at least when Silk Road was around backed by a commodity. The fact was even if you couldn't convert bitcoin into dollars at an exchange you could always convert it into drugs. Drugs have value.

    So what can you actually buy with Dogecoin?
    You can buy everything with Dogecoin. There is a site to convert it to Amazon gift cards so you can buy everything from Amazon for example. Or you convert your Dogecoins to dollars.

    I think you misunderstand how these currencies works. Think of virtual gold. The coins took some computational power to mine and so have worth in itself.

    As I said the thing that dogecoins solves is micro-payments. "Your post made me laugh, I will sent you 0.001 dollars"? No. With dogecoins you can make very small payments without it being a pain in the ass. Look at all the tipping on reddit.

    The silk road helped bitcoin but also serves as an argument against crypto-currencies so meh.

    Also good article:
    http://www.businessinsider.com/dogec...ley+Insider%29
    Last edited by killface; 2/04/2014 10:49pm at .
  10. goodlun is online now
    goodlun's Avatar

    Senior Member

    Join Date
    Jun 2008
    Location
    Ramona
    Posts
    5,283

    Posted On:
    2/04/2014 10:59pm

    Join us... or die
     Style: BJJ

    1
    Hell yeah! Hell no!
    Quote Originally Posted by killface View Post
    I think you misunderstand how these currencies works.
    I think you have a misunderstanding of how Currency work crypto or otherwise.

    **** micropayments who gives a **** about that? Seriously. I have never needed to give someone less than a penny in my life.

    The advantage to Cryptocurrency doesn't lie in the ability to mine them.
    Its their anonymity. The ability to Launder your money away. The ability to move it around without anyone knowing. The stuff we use to be able to do with dollars before the war on drugs.

    Currency is only good if you can spend it.

    If you can get amazon gift cards great. Then there's real value.
Page 1 of 4 1 234 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Powered by vBulletin™© contact@vbulletin.com vBulletin Solutions, Inc. 2011 All rights reserved.