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A comment on Bitcoin drops 50% overnight as China’s Biggest BTC exchange stops Yuan deposits. Parent comment

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.

[ Parent | on HN ]
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.

[ Parent | on HN ]