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  #11  
Old 27-12-2013, 06:08 AM
moyyewhon moyyewhon is offline
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http://en.m.wikipedia.org/wiki/Cryptocurrency

Please do more reading. Read more about market caps n block chains.
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
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  #12  
Old 27-12-2013, 10:18 AM
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daniel.yrh daniel.yrh is offline
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Curious to know... why you decided to go with Dogecoins instead of Bitcoins? Too saturated and too hard to mine Bitcoins? If this is what's happening in the market... what will happen when Dogecoins reach saturated levels? New cryptocurrency emerges and people floods to that due to ease of mining?

As a techie myself I don't have any trust in cryptocurrency. People is using it as currency because a bunch of people has faith in them. Not many country supports the use of cryptocurrencies, and when more and more countries start to reject crpyocurrencies (like recently China), people will realize that cryptocurrencies they own can no longer buy stuff they want. Trust will fade and cryptocurrency will lose all its value.

I used to play online games when I was young... World of Warcraft etc. We have "virtual money" to buy armors, weapons and potions. We "farm" to accumulate our virtual "wealth". Cryptocurrency looks very similar to this, albeit it has much better security and it is difficult for people to "fake" cryptocurrency.

And with all recent cases of wallet theft/failed online security systems, cryptocurrency looks less reliable than what I thought. I might relook into Bitcoins and other cryptocurrencies when one day McDonalds accepts Bitcoins.

This is from a tech site: http://arstechnica.com/business/2013...irder-it-gets/
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  #13  
Old 27-12-2013, 11:42 AM
moyyewhon moyyewhon is offline
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yes daniel.. its easier to mine doge now than btc.
and its getting more and more popular. while btc has its own dark past with silk road and its hoarded mostly by the elites.
doge can be mined on normal consumer pcs while btc needs state of the art hardware.
Doge community are built upon givers and tippers, while btc are probably hoarded by people like winklevoss twins , richard branson or max keiser
its almost the same as MMORPG farming. if u ever used a bot or wow macro.. its almost the same in mining.
I am not putting too much faith in cryptocurrency too but its a great learning process.
early adopters get to shape the currency and be kind of like pioneers in how we shaPe our future, if cryptocurrency really takes off.
if u look at the btcusd chart. it still strong even when china is rejecting it.

my tally now
Bitcoin 0.0001
Dogecoin 150,000
infinitecoin 205,006

i can swap doge to btc or infinite to litecoins anytime.

one final note, if u are a techie, the world of cryptocurrencies will be a dream for u
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...

Last edited by moyyewhon; 27-12-2013 at 11:46 AM.
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  #14  
Old 27-12-2013, 07:29 PM
moyyewhon moyyewhon is offline
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fresh off the press

http://www.businessinsider.com/dogec...g-deal-2013-12

lol
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
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  #15  
Old 27-12-2013, 09:46 PM
moyyewhon moyyewhon is offline
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http://www.forbes.com/sites/timworst...st-mass-theft/
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
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  #16  
Old 28-12-2013, 10:48 AM
moyyewhon moyyewhon is offline
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http://www.digitaltrends.com/cool-te...-save-dogemas/

Such generosity! After Dogewallet heist, Dogecoin community aims to reimburse victims

On Christmas day, hackers wiped out a number of online wallets used to store Dogecoin, the new and popular digital currency, stealing millions of Dogecoins from tens of thousands of users. But the uniquely generous and upbeat Dogecoin community has launched a variety of efforts to help reimburse victims of the wallet heists.

This is far from the first time a digital currency community has suffered at the hands of hackers – it’s a problem Bitcoin has dealt with for years. But, most of the time, this is where the story ends: Users get robbed, everyone moves on. Not with Dogecoin.
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...

Last edited by moyyewhon; 28-12-2013 at 10:51 AM.
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  #17  
Old 30-12-2013, 03:09 AM
miaos miaos is offline
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Thanks for sharing, just my thoughts that I'll just look upon these cryptocurrencies as 'speculative' ventures, just as buying 4D, lotteries, or the occasional x50 leverage forex call.
there's one critical flaw with these cryptocurrencies of capitalism flaw that there is no true rights of ownership in these 'coins', seems that there's no real ' able governing system to enforce against fraud transactions. I.e claims on credit card frauds transactions?
For one who converts significant assets(time money) into cryptos, investors or hardcore speculators?

Ponzi scheme or so? Who would reject easy bucks? Or with the gift of foresight, 100% winning streak in casinos? Lol...

Last edited by miaos; 30-12-2013 at 03:11 AM.
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  #18  
Old 31-12-2013, 09:40 AM
moyyewhon moyyewhon is offline
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http://www.businessinsider.com/onlin...effort-2013-12

The Internet Is Trying To Save Dogecoin And It's Working

http://www.businessinsider.com/why-b...-value-2013-12

Here's The Answer To Paul Krugman's Difficult Question About Bitcoin
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
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  #19  
Old 31-12-2013, 10:54 AM
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pika pika is offline
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http://www.businessinsider.com/onlin...effort-2013-12

Quote:
Dogecoin's market cap has been cut in half since reaching a high of more than $14 million on December 19.
This means 50% of market cap, or $7 million just vanished within 2 weeks. The $6,600 worth of dogecoins lost pales in comparison. Serious money or speculative asset?
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  #20  
Old 31-12-2013, 11:03 AM
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Quote:
Originally Posted by miaos View Post
there's one critical flaw with these cryptocurrencies of capitalism flaw that there is no true rights of ownership in these 'coins', seems that there's no real ' able governing system to enforce against fraud transactions. I.e claims on credit card frauds transactions?
Something like I buy some virtual money/weapons/power ups in an online game and then if these "assets" get hacked and stolen, there is no recourse to nab the robbers.
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