Code Monkey | 2,010 Posted May 14, 2021 Share Posted May 14, 2021 a) I hate the idea of Dogecoin. b) Dogecoin has gone from 6 cents to 60 cents since I started hating it. I'm unsure what to do. 2 Link to comment Share on other sites More sharing options...
MiamiSlice | 3,095 Posted May 14, 2021 Share Posted May 14, 2021 On 5/13/2021 at 10:58 AM, Code Monkey said: I would need to read the white paper but from what I understood, it's not the same technology on the blockchain. I looked at the Dogecoin Git last night. It's a fork of Litecoin which is a fork of Bitcoin, you can tell by looking at the README. There's no whitepaper. Dogecoin uses SCRYPT instead of SHA256 but other than that it's a PoW chain just the same. Also thanks for recommending Cartesi, doing good so far Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted May 14, 2021 Share Posted May 14, 2021 41 minutes ago, phart010 said: I wouldn’t say impossible. What causes the market price to go down is when there is more selling pressure than buying pressure in the markets. Even with an unlimited supply currency, if the miners are not selling, then the additional supply isn’t being introduced into circulation. Eventually it would get sold off, but the rate that it gets sold off would have to keep pace with new market demand for DOGE to keep the price down. I could be wrong, but I could totally see DOGE getting to $10. Another factor to consider is with Musk working with the DOGE dev team, they could change the rules. And we all know how Elon Musk loves to pump up prices. All true, but what percentage of miners are mining and holding? I suspect very, very few. If they introduce some kind of inflationary measure like burning or a hard cap on supply, then I give it a miniscule chance at $5. But supply is already at 130 billion and it's not stopping. A price of $10 puts market cap at 1.3 trillion dollars. That's significantly more than Bitcoin and more than triple Ethereum. Link to comment Share on other sites More sharing options...
phart010 | 1,707 Posted May 14, 2021 Author Share Posted May 14, 2021 40 minutes ago, MiamiSlice said: I looked at the Dogecoin Git last night. It's a fork of Litecoin which is a fork of Bitcoin, you can tell by looking at the README. There's no whitepaper. Dogecoin uses SCRYPT instead of SHA256 but other than that it's a PoW chain just the same. Also thanks for recommending Cartesi, doing good so far Here is the Dogecoin whitepaper 2 Link to comment Share on other sites More sharing options...
Code Monkey | 2,010 Posted May 14, 2021 Share Posted May 14, 2021 43 minutes ago, MiamiSlice said: I looked at the Dogecoin Git last night. It's a fork of Litecoin which is a fork of Bitcoin, you can tell by looking at the README. There's no whitepaper. Dogecoin uses SCRYPT instead of SHA256 but other than that it's a PoW chain just the same. Also thanks for recommending Cartesi, doing good so far That's funny, I was looking through the Bitcoin Core Git last night. Link to comment Share on other sites More sharing options...
ThePhleo | 2,185 Posted May 14, 2021 Share Posted May 14, 2021 57 minutes ago, DefaultGen said: I would literally rather have you buy Pokemon cards, so go ahead and double down on Dogecoin. ...those are literally the only combination of words you could have said to prevent me from buying back in. Good play. Link to comment Share on other sites More sharing options...
RH | 4,904 Posted May 14, 2021 Share Posted May 14, 2021 17 minutes ago, phart010 said: Here is the Dogecoin whitepaper Yeah, again, back in those early days, people were forking BTC/LTC like mad. Sometimes not even changing any of the "magic numbers". I hung out on an exchange back around 2014/15 (when Trollboxes were not only a thing, but encouraged) and we forked BTC, gave it something like 10 second blocks and called it "Mincoin". The group pre-farmed it for a few days, put it on the exchange and people bought/invested. Looking back, it sounds super-scammy but the truth is, there was a like a new coin a week back then, all of them getting listed somewhere and their fan bases just didn't make sense. We just made one and listed it to see what happened and we all made a few bucks off of people buying in because everyone had to buy into the latest crypto. I'd still say it's one of my least proud moments in crpyto, though. It was the only "project" I supported that had zero-innovation and was just about sheer profit. I feel a bit dirty just talking about it. Link to comment Share on other sites More sharing options...
phart010 | 1,707 Posted May 14, 2021 Author Share Posted May 14, 2021 (edited) 13 minutes ago, RH said: Yeah, again, back in those early days, people were forking BTC/LTC like mad. Sometimes not even changing any of the "magic numbers". I hung out on an exchange back around 2014/15 (when Trollboxes were not only a thing, but encouraged) and we forked BTC, gave it something like 10 second blocks and called it "Mincoin". The group pre-farmed it for a few days, put it on the exchange and people bought/invested. Looking back, it sounds super-scammy but the truth is, there was a like a new coin a week back then, all of them getting listed somewhere and their fan bases just didn't make sense. We just made one and listed it to see what happened and we all made a few bucks off of people buying in because everyone had to buy into the latest crypto. I'd still say it's one of my least proud moments in crpyto, though. It was the only "project" I supported that had zero-innovation and was just about sheer profit. I feel a bit dirty just talking about it. I have to admit I do feel a bit dirty for buying Doge. I don’t like “hype-only” cryptos, all the ones I’ve bought so far have an actually utility to them. But given that Coinbase will be supporting DOGE, I have changed my mind. I feel that Coinbase until now has held a more or less authoritative role in the crypto space. They have supposedly vetted out all of the currencies and only listed the ones that they deemed to be responsibly managed and meeting a strict set of standards. I trust that Coinbase finds the utility in it, as I am just the average person. Edited May 14, 2021 by phart010 Link to comment Share on other sites More sharing options...
OptOut | 8,884 Posted May 15, 2021 Share Posted May 15, 2021 13 hours ago, phart010 said: I have to admit I do feel a bit dirty for buying Doge. I don’t like “hype-only” cryptos, all the ones I’ve bought so far have an actually utility to them. But given that Coinbase will be supporting DOGE, I have changed my mind. I feel that Coinbase until now has held a more or less authoritative role in the crypto space. They have supposedly vetted out all of the currencies and only listed the ones that they deemed to be responsibly managed and meeting a strict set of standards. I trust that Coinbase finds the utility in it, as I am just the average person. Sounds like you're just doing your best to convince yourself of a decision you have already made. Coinbase will accept trading on currencies where there is consumer demand, and where they think they can make money... I doubt ANYONE involved in buying and selling Doge is doing anything more than moving along with the crowd and seeing how long they can stay on until the train derails, you said it yourself there is no RATIONAL basis for the value of Doge... Good luck to you and all the rest of the Doge ''investors''. I will be watching from the side-lines, I'm sure it will be worth my attention at least, if not my money! 1 Link to comment Share on other sites More sharing options...
Gloves | 11,779 Administrator · Posted May 15, 2021 Share Posted May 15, 2021 14 hours ago, RH said: Yeah, again, back in those early days, people were forking BTC/LTC like mad. Sometimes not even changing any of the "magic numbers". I hung out on an exchange back around 2014/15 (when Trollboxes were not only a thing, but encouraged) and we forked BTC, gave it something like 10 second blocks and called it "Mincoin". The group pre-farmed it for a few days, put it on the exchange and people bought/invested. Looking back, it sounds super-scammy but the truth is, there was a like a new coin a week back then, all of them getting listed somewhere and their fan bases just didn't make sense. We just made one and listed it to see what happened and we all made a few bucks off of people buying in because everyone had to buy into the latest crypto. I'd still say it's one of my least proud moments in crpyto, though. It was the only "project" I supported that had zero-innovation and was just about sheer profit. I feel a bit dirty just talking about it. I wonder if we could convince someone to make SageCoin a thing... 1 Link to comment Share on other sites More sharing options...
OptOut | 8,884 Posted May 15, 2021 Share Posted May 15, 2021 3 minutes ago, Gloves said: I wonder if we could convince someone to make SageCoin a thing... Link to comment Share on other sites More sharing options...
OptOut | 8,884 Posted May 15, 2021 Share Posted May 15, 2021 1 hour ago, Gloves said: I wonder if we could convince someone to make SageCoin a thing... Ask, and ye shall receive... Accepting PAYPAL in PM's now, OPTCOIN to the MOOOOOOOOOOOOONNNNNNNNN!!!!!!!!!! 1 2 Link to comment Share on other sites More sharing options...
Hammerfestus | 3,846 Posted May 15, 2021 Share Posted May 15, 2021 I thought @somebody here guaranteed Bitcoin would be worth $1 billion a piece by now? Must be the Mandela Effect. Link to comment Share on other sites More sharing options...
phart010 | 1,707 Posted May 15, 2021 Author Share Posted May 15, 2021 5 hours ago, OptOut said: Sounds like you're just doing your best to convince yourself of a decision you have already made. Coinbase will accept trading on currencies where there is consumer demand, and where they think they can make money... I doubt ANYONE involved in buying and selling Doge is doing anything more than moving along with the crowd and seeing how long they can stay on until the train derails, you said it yourself there is no RATIONAL basis for the value of Doge... Good luck to you and all the rest of the Doge ''investors''. I will be watching from the side-lines, I'm sure it will be worth my attention at least, if not my money! Yes 1 Link to comment Share on other sites More sharing options...
RH | 4,904 Posted May 15, 2021 Share Posted May 15, 2021 5 hours ago, Gloves said: I wonder if we could convince someone to make SageCoin a thing... Yeah, SEGA. SEGA would totally do it but call it Sonicoin. 1 Link to comment Share on other sites More sharing options...
phart010 | 1,707 Posted May 15, 2021 Author Share Posted May 15, 2021 41 minutes ago, RH said: Yeah, SEGA. SEGA would totally do it but call it Sonicoin. Link to comment Share on other sites More sharing options...
Code Monkey | 2,010 Posted May 15, 2021 Share Posted May 15, 2021 For anyone that took me up on my XRP and ADA advice, you're welcome. Looks like people are speculating Musk will switch to ADA after ditching Bitcoin, even though ADA isn't really designed to be a currency. 1 Link to comment Share on other sites More sharing options...
Gloves | 11,779 Administrator · Posted May 15, 2021 Share Posted May 15, 2021 25 minutes ago, Code Monkey said: speculating That ever-important term. Link to comment Share on other sites More sharing options...
MiamiSlice | 3,095 Posted May 15, 2021 Share Posted May 15, 2021 I sold ADA too soon Link to comment Share on other sites More sharing options...
Hammerfestus | 3,846 Posted May 15, 2021 Share Posted May 15, 2021 Cant remember why I picked it up originally but my MATIC is killing it. 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted May 15, 2021 Share Posted May 15, 2021 3 hours ago, MiamiSlice said: I sold ADA too soon ADA is a long hold for me. Up about 100% so far. Hopefully it will be a true competitor to Ethereum if they can get their smart contracts and other features up soon. Link to comment Share on other sites More sharing options...
Kimbolemonslice | 120 Posted May 17, 2021 Share Posted May 17, 2021 Anyone here investing in safemoon? Its very interesting crypto to me, the amount of coins is dropping a couple million coins a second and over 30000 new investors a day. Feel like it could reach upwards of a penny within a couple of years. Link to comment Share on other sites More sharing options...
Code Monkey | 2,010 Posted May 17, 2021 Share Posted May 17, 2021 1 hour ago, Kimbolemonslice said: Anyone here investing in safemoon? Its very interesting crypto to me, the amount of coins is dropping a couple million coins a second and over 30000 new investors a day. Feel like it could reach upwards of a penny within a couple of years. What does it do? Link to comment Share on other sites More sharing options...
OptOut | 8,884 Posted May 17, 2021 Share Posted May 17, 2021 8 hours ago, Code Monkey said: What does it do? The same thing as any other crypto currency... Separates desperate fools from their money! 1 Link to comment Share on other sites More sharing options...
Bearcat-Doug | 5,105 Posted May 19, 2021 Share Posted May 19, 2021 The entire market right now: Link to comment Share on other sites More sharing options...
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