Re:Jamaican Bobsledders Ride Dogecoin Into Olympics
by tlrobinson on Tuesday February 04, 2014 @07:46PM
(#7181250)
I'm still very skeptical of Dogecoin's transaction volume. I ran some numbers last week and still haven't heard a decent explanation: https://www.quora.com/Dogecoin/Where-is-the-currently-massiv...
Re:Jamaican Bobsledders Ride Dogecoin Into Olympics
by svantana on Wednesday February 05, 2014 @04:50AM
(#7182807)
Do you think it could be fake - i.e. a bunch of bots trading back and forth to generate interest? If so, that's a very clever way of bootstrapping to critical-mass popularity. That reminds me of a story of a new york nightclub that pretended to be jam packed the first few nights with a bouncer outside telling everyone: "sorry, the place is full", when in fact, the place was empty. Needless to say, the first night it was actually open, hundreds were standing in line.
Re:Jamaican Bobsledders Ride Dogecoin Into Olympics
by officemonkey on Wednesday February 05, 2014 @09:09AM
(#7183744)
The /r/dogecoin subreddit has some _very_ active "tipbots." Many threads consist of people tipping each other back and forth. It's almost like a Potlatch. It's pretty ridiculous and fun and it's one of the reasons adoption among redditors has taken off.
Re:Jamaican Bobsledders Ride Dogecoin Into Olympics
by steveklabnik on Wednesday February 05, 2014 @12:15PM
(#7185068)
Dogetipbot's creators say it's only exchanging about $1500 USD/day of DOGE, so that doesn't explain it.
There was a problem, and now it's not a problem. Seems like a success to me.
> The developers have no idea what they're doing.
Luckily, that doesn't actually matter. Frankly, if they knew what they were doing, Dogecoin probably wouldn't even exist in the first place.
> Doge will not be able to scale up to real economic activity unless they get a real dev team.
Last I checked, DOGE had a higher total transaction volume than all other cryptocurrencies put together, sooooooooo