There are thousands of financial or social metrics about cryptocurrencies on the internet, but when it comes to fundamental characteristics we are barely able to compare coins with each other. And almost nobody has the time to fundamentally analyse each cryptocurrency out there. We at CoinDecide.com decided to tackle this problem. Our goal is to establish a research platform which enables comparing cryptocurrencies with each other on a fundamental level. To be able to make correct classifications about Dogecoin we would love the community to discuss Dogecoin in the context of the key fundamental properties we could identify. Here is the list of those properties: Essentials
I see now why so many people have a negative reaction to bitcoin evangelists. You guys are ruthlessly optimistic about something I see no value in. This in turn has taught me some about how to keep the same from happening to bitcoin. I used to be ambivalent about dogecoin; it's funny, light hearted and cheap. There is no appreciable benefit from dogecoin compared to bitcoin and therefore no tangible reason for anyone to use dogecoin over bitcoin, but to each his own, or so I thought. But now, after multiple discussions with the fanatics and the post bombs, I'm beginning to actively dislike dogecoin. I'm beginning to be a little disgruntled at the mere mention of dogecoin. This has made me realize, bitcoin evangelists do the exact same thing to outsiders. What bitcoin really needs to succeed is for people to step back and let it take its course. Quietly shop at stores that accept bitcoin over stores that don't, even if its a little more expensive. Inquire if someone takes bitcoin, but don't try to pressure them into it. Accosting people that don't want to use it creates a blowback effect. Getting angry with people who disagree with you over it does not create any forward progress. So dogebags of the world, thank you for showing me what bitcoin has been doing wrong.
As we're closing on a beta release for Dogecoin Core 1.10, I wanted to talk about where 1.9 went to, why we haven't had a major release in 11 months, and what we're doing differently in future. This is a long post, but I swear it's worth reading in full. First of all, important security announcement: If you're using brain wallets (this won't be many of you, but want to ensure we catch anyone who is), stop, and move your funds right now. There was a security talk at DEF CON which basically explained how much their security is broken, more detail at https://rya.nc/cracking_cryptocurrency_brainwallets.pdf. For anyone who's unsure, brain wallets are where you pick a set of words and use them to generate a wallet, such as bip32.org (I'm not linking that) lets you do. If you have been given words by a random process (i.e. Multibit HD, Electrum, Trezor, Ledger), these are AFAIK fine, it's just manually chosen words that are a disaster waiting to happen. Next, there's a Bitcoin village, at Chaos Communication Camp next weekend, and while the core developers can't attend (we're doing dull day job things instead), Dogerain's developer will be there, and they're organising a video hangout with the Dogecoin core devs. Not sure if others can attend remotely, but if you're at the camp we'd love to get to talk to you! Right, back to 1.9; Dogecoin Core 1.9 was going to be 1.8 with the Bitcoin Core 0.10 changes merged in. The same process was used to make Dogecoin Core 1.8 from 1.7 with Bitcoin Core 0.9, so we knew what we were doing. With almost 1,300 commits to review and apply it would take a while, but in theory was straight forward enough. A spreadsheet was created to track progress amongst the developers, and in January we set out to start merging. At this point we discovered several things:
Some patches from 0.10 had been merged in early and out of sequence, so we had to avoid merging them twice.
A lot of the changes were less readily compatible with Dogecoin Core than we expected.
1,300 is really a lot of changes
As time dragged on, we gained further assistance (Sporklin, this means you) in preparing merged commits, and I made several attempts at automating much of the process. Around March we started struggling with keeping development motivation up, and pace faltered, with Sporklin taking on much of the charge to keep work continuing. In June, we were about half way, and Bitcoin Core 0.11 hit release candidate, and at that point we realised this wasn't going to work. So, Dogecoin Core 1.10 is a rebuild. We've started with Bitcoin Core 0.11 as a base and then manually re-applied the Dogecoin changes. This makes a lot of sense, in as much as they're a smaller set of changes (and less invasive by design), but does mean that we risk losing subtle tweaks to the code (which is what the beta period is intended to help catch). Most of the changes have been totally rewritten to make them simpler to apply, and better fit in with the hugely revised code base. We also see a significant number of changes in the strings with Dogecoin, so previous improvements to translations cannot necessarily be used as-is, and when we hit beta we'll be looking for help with updating translations. The loss of motivation is something we need to be more aware of as a risk; while the Dogecoin developers are not doing this to try getting rich, that doesn't mean that there's no motivation required. We enjoy the challenge and opportunity to work with interesting technology, and based on that it's important that we ensure the work does have its interesting parts in amongst just getting stuff shipped. Looking ahead to future work:
We'll do a full rebuild once per year, potentially twice, to keep us close to the Bitcoin Core code and ensure compatibility.
In between these rebuilds, we'll merge in changes where feasible.
To avoid Dogecoin and Bitcoin diverging, we'll push new features and fixes into the relevant upstream project where practical. We avoid divergence because it makes it harder to update, and requires custom code to adopt Dogecoin compared to Bitcoin.
Dogecoin Core will be promoted as the reference base for other Scrypt-based altcoins. This happens already, and we get fixes from downstream (i.e. Fractalcoin caught that the fork detection code is too sensitive) as a result.
I know there are those who wish to see Dogecoin split further from Bitcoin, but there's just far too much effort being poured into Bitcoin, and too much available expertise from working with them, to ignore. On a related note, bitcoinj 0.14 now has all of the changes to make it work with the libdohj wrapper library. Patricklodder's been testing libdohj, and so far mostly it seems to work well (there's an issue with the advertised network protocol version that I need to fix, but apart from that so far so good). There's a similar model for python-bitcoinlib and python-altcoinlib, although I need to dust off python-altcoinlib somewhat. There's tons more I could write about HD wallets, user defined consensus or Ledger wallet support, but I think that's quite enough for today. There will be an interim update for Dogecoin Core 1.10 work around next weekend, hopefully a beta around the same sort of time, and the next full update post should be on the 23rd or thereabouts. Meantime, stay wow! Ross P.S. All of these posts go up on my site as well, if you want to read back at all: https://jrn.me.uk/
[Article] Dogecoin (DOGE) – One of the most practical cryptos in the market.... minor point - despite its inflation, the actual daily supply of Dogecoin is like a coffee straw compared to Bitcoin's firehose, and it will be like that for many years.
Hey, /dogecoin goers, a couple days ago browsing askreddit I stumbled upon a game that gives you few doges every time you play it. Ever since, I've made a wallet, drank from fountains, etc.., the whole newby stuff. It's quite fascinating and I'd love to know more about it. I have no experience with any of this stuff, so the terminology, even in simplest forms, gives me quite a headache. After reading several threads and posts I get the concept of cryptocurrencies and wallets, but would like some other questions answered.
Doges come from mining, but what gives it any actual value?
Going off that, some people and redditors seems to be able to throw doges left and right sometimes even beyond than the total I have, how much doges is considered "a lot?"
Also going off the first question, what is the progress of dogecoins compared to bitcoins. As everyone knows bitcoin went beyond all expectations and is somehow worth exponentially more than it was before.
Lastly, it appears mining is the best way to earn dogecoins but not really an option for those who have crappy computers and parts. What are their options?
I've been loosely monitoring the bitcoin/ dogecoin price relationship recently and I'm unsure about it but I was wondering: Does the ratio of dogecoin to bitcoin increase (in the favour of dogecoin) as the price of bitcoin increases? In other words, as bitcoin price increases, the value of dogecoin compared to bitcoin improves? For further clarification: If 1 bitcoin = $450, 1 bitcoin = 850,000 dogecoin, then if 1 bitcoin = $500, 1 bitcoin should = for example 800,000 dogecoin??
This topic has been brought up before, and Bitcoin users always end up shouting that transaction times don't matter. I sent some Bitcoin 30 minutes ago, and I'm still waiting for it to show up. Transaction times seriously matter, and Dogecoin is 10 times faster than Bitcoin. I've made hundreds of Dogecoin transactions and never felt as though they took too long. Bitcoin on the other hand can take an hour or more to actually confirm. It's important that digital currencies are fast, and honestly, whenever I send money, Dogecoin feels like like a racecar while Bitcoin seems like a bloody tricycle. I wish there were an easier way to directly buy Dogecoin because it's 2014 and it's just stupid that it takes Bitcoin an hour to confirm a few dollars.
1000 transactions per hour avg - Dogecoin is more than 10% in value compare to bitcoin - that means $1070 evaluation for the year of the Dogecoin!! It’s me jbeaupre87- I’m back and still on my quest for 1m Doge!
so there are around 77600000000 dogecoins as of today, and they are valued at around $.00045 each. There are about 12500000 bitcoins at about $450 each. Altogether that would make the value for dogecoins to be $34920000. So by dividing the total value of dogecoins by the number of bitcoins it would make each dogecoin worth $2.7936. So if there were the same amount of bitcoins and dogecoins, each doge would be worth $2.7936 tl;dr: 1 doge = 1 doge but, compared to bitcoin, each dogecoin is worth somewhere around $2.7936
Bitcoin images are way too shiny compared to Dogecoin images. Why don't our coin shines like the Moon?
Today I added icons to my website to accept Dogecoin and Bitcoin donations. Putting Dogecoin icon first was a no-brainer, but after searching for some Bitcoin images, all of them were too shiny compared to the Dogecoin image. I had to dumb down the Bitcoin's shininess in Photoshop so it doesn't pop out too much. Is there a digital artist who can make a really Moon-shiny Dogecoin image? Would be so good to have one :-)
Dogecoin gets featured on a NASCAR race car. Someone complains that /r/bitcoin has a bad community compared to /r/dogeocoin. Disagreements ensue. "Shibes can have their 15 minutes in the pop culture spotlight, but that's not what we're trying to accomplish here."
Comparing dogecoin stats to other major altcoins. (Bitcoin 2.0 non-currency technologies excluded)
Sources: https://bitinfocharts.com/, http://coinmarketcap.com/, and https://www.coingecko.com/en Transaction confirmation time: 1st (fastest) Number of transactions per second: 1st Value of average transaction: 2nd (LTC 1st) Daily block rewards compared to coin cap (aka, inflation): 2nd lowest (PPC 1st) Hashrate: 2nd (LTC 1st) Network security (as measured by amount of money it would cost to 51% attack as a proportion of total marketcap): 1st Github commits: 1st Reddit subscribers and posts/comments: 1st Twitter followers and tweets: 1st Facebook likes: 1st Blockchain size: 1st Active nodes: 3rd (Dash 1st, LTC 2nd) Marketcap: 3rd (LTC 1st, Dash 2nd - [including Dash's 1.8mil instamine]) Market liquidity: 2nd (LTC 1st) [Dash is sometimes 2nd]
Dogecoin has decreased somewhat in price, but that doesn't mean it's not secure. Crypterium (Crpt) Price Prediction For 2020 What will bitcoin be worth in 10 years? Ethereum (ETH)Ethereum’s ether (ETH) consistently tops the list of the top five digital assets by market cap and value. Additionally, this popular cryptocurrency is still profitable for GPU miners. Using several powerful graphics cards, it is possible to turn a profit […] Dogecoin and bitcoin are both cryptocurrencies, i.e., digital currencies. They are used for internet payment systems, and are based on a peer-to-peer protocol. In technical terms, a peer-to-peer protocol (P2PP) is a networking protocol that is used to create and form a network between different nodes. Dogecoin started as a joke, but now, its backers say they intend it to become a serious currency for ordinary transactions - and not, like bitcoin, a speculative investment. Dogecoin - Bitcoin Chart (DOGE/BTC) Conversion rate for Dogecoin to BTC for today is BTC0.00000024. It has a current circulating supply of 127 Billion coins and a total volume exchanged of BTC12,898.32980657
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