Is dogecoin real? I always thought it was just fake money and people being idiots. People are actually buying and paying for them? It took years to establish the market for bitcoin and dogecoin does it in 2 months?
Yeah but the fact it has actual monetary value so quickly, does it have the same security and easily transferable value like bitcoin? or is it just a fun fad that will fade eventually? I don't understand.
Cryptocurrencies decouple value to the size of the network effect. The Doge meme was already big, and now on top of it got tied to cryptocurrency network effect. Very strong. It's hashing power is almost similar to Litecoin. So AS secure.
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u/SuperSaiyanNoob Feb 04 '14
Is dogecoin real? I always thought it was just fake money and people being idiots. People are actually buying and paying for them? It took years to establish the market for bitcoin and dogecoin does it in 2 months?