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Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by dlsx on Wednesday December 18, 2013 @01:00PM (#6929187)
Dogecoin 50% gain only alt coin to post gains in 24 hours.

>reddit and 4chan

Well looks like the internet has decided what coin they want to use.

Buttcoins are deprecated.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by oscilloscope on Wednesday December 18, 2013 @01:17PM (#6929330)
Dogecoin is about 10 days old. The currency is based on the popular doge meme and will have max 100 billion units. It uses scrypt and has a random block reward.

http://dogecoin.com/

Price history on CoinedUp: http://doge.yottabyte.nu/

Dogecoin has a surprising momentum to it. I'm curious what role it will play once the initial novelty wears off. There are many more Doge than Bitcoin or Litecoin, so a single Doge will never be unattainable. It has a long way to go to even reach parity with the penny.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by Houshalter on Wednesday December 18, 2013 @02:27PM (#6929943)
The amount of currency doesn't really matter. We can always trade in kilodoges or something.

It's interesting though, how it's pretty much an exact clone of bitcoin yet has such a different value. The value doesn't come from the thing itself, it's how many people are using it.

Dogecoins do have some minor value though as there is a subreddit of people willing to perform petty tasks in exchange for them.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by vezzy-fnord on Wednesday December 18, 2013 @01:10PM (#6929266)
I'm still shocked how a dumb meme-based altcoin gained so much popularity, where all other just as boring and generic Bitcoin forks died down or are completely insignificant.

To their credit though, they based it off of Litecoin... making it a fork of a fork.

Either I have no sense of humor, or we aren't going to be seeing October 1993 any time soon. Can't wait for "Latvian Potato Coin" to appear in the future.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by fennecfoxen on Wednesday December 18, 2013 @01:31PM (#6929479)
> I'm still shocked how a dumb meme-based altcoin gained so much popularity

Clearly you are unfamiliar with the basic properties of Internet memes. :P

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by vezzy-fnord on Wednesday December 18, 2013 @03:42PM (#6930548)
Obviously they spread. I guess my use of "meme" was a bit too broad, I meant image macro, specifically. They used to be humorous, but they're now so overdone and generic that they simply hurt to look at. It's like a fast food five second dose of "comedy", which I guess is fitting for our present fast food society.

Now that I think about it, that statement was asinine. I'm quite familiar with 4chan, Something Awful and Reddit. Never underestimate the stupidity of a general community. But sometimes, I just wish people would take the time to watch a 64k demo instead of a YouTube celebrity video.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by GhotiFish on Wednesday December 18, 2013 @01:30PM (#6929478)
it's fuelled entirely by reddit as a joke.

Reddit has a way of tipping people with bitcoins for posts

    /u/bitcoinbot 0.015BTC verify
people saw these public tips, kind of an alternative to reddit gold, so it entered the consciousness of the community. dogechain was born because, more or less, it was pretty funny to drop this on someone:

    /u/dogecoinbot 3000 doge verify

    dogecoinbot:
    Verified.
Sort of playing on the hopes of redditors to get rewarded for a post (ala reddit silver)

It's a pretty cute joke. Lots of people started following the leader and bang. Demand.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by thenmar on Wednesday December 18, 2013 @01:16PM (#6929316)

      wow

                   such cynic

   very not-with-the-times
Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by EStudley on Wednesday December 18, 2013 @01:30PM (#6929473)
If I wanted these kinds of comments I'd go to reddit.. Keep memes off this site please, it's one of the last public forums on the internet without them.
Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by asciimo on Wednesday December 18, 2013 @01:43PM (#6929588)
This is one of the very rare HN contexts in which a comment like that is spot-on.
Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by steveklabnik on Wednesday December 18, 2013 @02:11PM (#6929811)
It's actually a fork of a fork of a fork, it's a fork of Luckycoin, which is a fork of Litecoin, which is a fork of Bitcoin.
Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by dlsx on Wednesday December 18, 2013 @01:21PM (#6929371)
Your shocked because your old and have no sense of humor and think money is serious business.

Dogecoin has the fastest rate of adoption, of any crypto-currency. Ever, period. It makes every coin, even bitcoin look like an absolute failure.

Because it's fun, and kids think it's cool. You guys missed the boat, because you were too busy being serious.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by NotUncivil on Wednesday December 18, 2013 @02:14PM (#6929836)
Cut it out. You are trolling. Your reference to "buttcoins" is a good indicator you're from /g/ and this isn't /g/.

Edit: FYI, http://rbt.asia/g/?task=search2&ghost=yes&search_text=dogeco....

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by wmf on Wednesday December 18, 2013 @01:33PM (#6929498)
Can I buy Snapchat shares using Dogecoin? Then I could hedge on which one will collapse first.
Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by dragonwriter on Wednesday December 18, 2013 @01:26PM (#6929438)
> Because it's fun, and kids think it's cool.

Well, that's a good way to drive fast adoption -- and equally fast abandonment.

Re:Bitcoin drops 50% overnight as China’s Biggest BTC exchan... by EStudley on Wednesday December 18, 2013 @01:32PM (#6929491)
Money isn't serious?!

I knew crypto-currencies were popular in the higher social strata but COME ON.. how is money not serious?