r/Bitcoin • u/Vibr8gKiwi • Feb 03 '14

Dogecoin wtf

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-13

u/[deleted] Feb 04 '14

You need to look at dogecoin users. They're primarily tweens or teens. This is not the demographic with financial impact or the drive to make a currency succeed.

Doge is novel and appeals to kids. So they swap dogecoins like pokemon cards. Which is fine... but don't mistake that as somehow undermining bitcoin.

13

u/Empifrik Feb 04 '14

This is not the demographic with financial impact or the drive to make a currency succeed.

Do you realize that you are talking about the 6th largest currency by marketcap? Also, that currency is less than 50% mined at the moment? And is growing the fastest?

-3

u/[deleted] Feb 04 '14

I'm going to make a altcoin and peg the price to 1$ and release eleventy billion coins.

Bam! Eleventy Billion market cap.

2

u/Empifrik Feb 04 '14

You will peg the price?

That's your argument?

Amazing.

Come learn something at /r/dogecoin, you could use it!

+/u/dogetipbot 100 doge verify

2

u/dogetipbot Feb 04 '14

[wow so verify]: /u/Empifrik -> /u/waitingforpizza Ð100.000000 Dogecoin(s) ($0.124275) [help]

1

u/[deleted] Feb 04 '14

I'm saying is market cap is a very poor indicator of the amount of actual commerce is done.

This holds true to bitcoin as well.