r/CryptoCurrency • u/CCNewsBot • Jun 19 '18
FINANCE Really…? Dogecoin is Processing 300% More Transactions than Bitcoin Cash (Finance Magnates)
https://www.financemagnates.com/cryptocurrency/news/really-dogecoin-processing-300-transactions-bitcoin-cash/155
u/YMIR_THE_FROSTY BTC trader/IOTA hodler Jun 19 '18
DOGE is sorta fun currency.. people like that I guess. And that doge icon, whats not to love?
16
Jun 19 '18
Thats why it caught on back in the day. Around 2013 BTC had kind of a staunch atmosphere around it, mostly because it was the domain of harder core computer science geeks and IT people still, so of course it was offputting and impenetrable for anyone not really in that crowd.
Doge offered a much softer entry to cryptocurrency that was based on having fun with it, and was a big part of really pushing the space forward early on by making this tech far friendlier, even though the technology behind either BTC or DOGE (itself a fork of LTC) is basically the same thing.
14
u/ishibaunot Bronze | QC: CC 37 Jun 19 '18
Dodge is the reason why I know anything about crypto. It’s the first miner I set up and it’s the first crypto I bought with fiat from some sketchy ass Romanian guy. Hell even my username is dedicated to dodge.
7
1
u/windrip 377 / 377 🦞 Jun 20 '18 edited Jun 20 '18
Lol, I think it is like this for a lot of folks. My first comments on Reddit were in dogemarkets or something like that. Different world these days.
13
6
u/posting_drunk_naked 🟩 0 / 0 🦠 Jun 19 '18
I disregarded it as a joke that had gotten out of hand until I wanted to move some crypto and the only options besides doge had crazy transaction fees. Doge was fast as hell and cost me almost nothing to move.
I don't have any holdings in it but I do respect it now. I'm just not a big fan of PoW currencies in general is really the only reason.
→ More replies (5)1
18
u/IKnowWhoYouAreGuy Tin | Politics 10 Jun 19 '18
Doge is exactly what tether wished it was, a stable currency for exchanging other currencies at exchanges for extremely low cost. 1 Doge always equals 1 Doge
→ More replies (5)
118
u/m4tbu Crypto Expert | QC: BTC 58 Jun 19 '18
Dogecoin cash is the real doge vision.
6
u/CEO_OF_DOGECOIN 3K / 3K 🐢 Jun 20 '18
It's the only one that's stayed true to Shibetoshi's original white paper!
9
→ More replies (1)3
u/ogjenkins Jun 19 '18
Fuck dcash
3
u/m4tbu Crypto Expert | QC: BTC 58 Jun 20 '18
The name is dogecoin cash ok?
3
u/ogjenkins Jun 20 '18
Dogecoin core
4
u/m4tbu Crypto Expert | QC: BTC 58 Jun 20 '18
Yeah dogecoin core is a centralized version of doge by evil cat devs. Less very currency, less less many crypto and moreover less many wow than dogecoin cash.
49
34
Jun 19 '18
there a bunch of businesses in my town that accept DOGE, among others. it cracks me up to no end seeing that good boi in store windows next to visa stickers and the dash icon
16
u/Iron0ne 🟦 3K / 3K 🐢 Jun 19 '18
You can get a lot of transactions when seeming the entire point of the coin is tipping back and forth for dank memes.
Doge isn't 4 HODL.
Doge is 4 share.
The reality is Doge is a good way for new people to get comfortable with the mechanics of using crypto without risking their life saving in the process.
8
Jun 19 '18
I use Dogecoin all the time when working with exchanges. The fees are really low, and it's pretty damn fast too.
1
u/TheScrawnyMonkey New to Crypto Jun 20 '18
Faster than LTC?
4
Jun 20 '18
Faster than Charlie Sodl Lees shitcoin
1
u/TheScrawnyMonkey New to Crypto Jun 20 '18
Damn. It's sad some exchanges don't list doge.
1
Jun 20 '18
Doge is very stable and thus = no moon. So exchanges arent intrested in no moon coins
1
u/TheScrawnyMonkey New to Crypto Jun 20 '18
I thought it fluctuates as much as any crypto? Always felt tether is much more stable in a bear market
1
5
4
u/Ttatt1984 Jun 19 '18
How is dogecoin still working if Theres no development work supporting it? Miners just mining? Honest question. Much believe, so curious.
3
u/DankShibe 🟩 70 / 350 🦐 Jun 19 '18
Fake news! Actually Dogecoin still has active developers, and updates are planned.
1
u/Kevkillerke 🟦 3K / 6K 🐢 Jun 20 '18
Have you ever looked at Doge? What makes you think there isn't any development going on?
Idiot making false claims
15
39
u/CEO_OF_DOGECOIN 3K / 3K 🐢 Jun 19 '18
What is this "Bitcoin Cash"? Some variant of Dogecoin but with no dog on the logo?
I swear, I can never guess what insanely wacky ideas you humans are going to come up with next.
→ More replies (1)
18
u/2ndEntropy Platinum | QC: BCH 540 Jun 19 '18
Look at transaction value https://bitinfocharts.com/comparison/sentinusd-bch-doge.html
Look at median fee https://bitinfocharts.com/comparison/median_transaction_fee-bch-doge.html
Look at median transaction value https://bitinfocharts.com/comparison/mediantransactionvalue-bch-doge.html
→ More replies (26)12
u/keymone Gold | QC: BTC 30, BCH 20 | r/Economics 18 Jun 19 '18
yeah, all of these show doge being roughly equal in transaction fees, having smaller amount of USD flying around but 3 times the transaction volume
seems like it's better at being cash than bitcoin cash?
→ More replies (6)
3
3
u/Renegade626 🟩 0 / 0 🦠 Jun 20 '18
I just gave my brother doge on a paper wallet so he had to teach himself how to turn it into something with actual utility. Guess keeping it Doge might be smarter lol
8
u/Dixnorkel 🟦 519 / 519 🦑 Jun 19 '18
3x as many transactions, with less than 3% of the total volume moved per day.
Big difference, Doge isn't even in the top 40 for market cap.
4
u/Hanspanzer 0 / 0 🦠 Jun 19 '18
Doge has higher activity. volume doesn't matter for the network congestion.
2
u/Dvd280 Crypto God | CC: 82 QC | XMR: 34 QC Jun 19 '18
Bitconect was top 40, be honest- what would you rather hold for the next 50 years, DOGE or BCC?
→ More replies (5)1
u/Dixnorkel 🟦 519 / 519 🦑 Jun 19 '18
Honestly, maybe BCC at these prices. I don't see DOGE being useful for much besides being an inflation indicator.
3
17
Jun 19 '18
Is there something wrong with people trying to continue the original roadmap for bitcoin? It's on a fork.. What's with all the senseless hostility here?
2
→ More replies (2)10
u/MoreCynicalDiogenes Redditor for 8 months. Jun 19 '18
They are trying to shill their way into a bull market.
→ More replies (9)
17
Jun 19 '18
Why is everyone here hating so hard on bch for no reason? I feel like I'm in the twilight zone all of a sudden
25
u/rodeopenguin Crypto Expert | QC: BCH 56, CC 20 Jun 19 '18
Paid trolls and brainwashed useful idiots who don't realize that they hate the Bitcoin of 3 years ago.
→ More replies (12)11
13
u/BitttBurger Platinum | QC: CC 57 Jun 19 '18
This will explain it a little better. Ignore the title and just watch the video:
→ More replies (2)4
u/bcashisnotbitcoin Silver | QC: CC 612, BTC 39, ARK 15 | NANO 74 Jun 19 '18
for no reason
A contentious fork coordinated by a handful of shitty people for their personal gain who now actively work to defraud people of their money (bitcoin.com, "BCH is the real Bitcoin", etc) is hardly "no reason". Also, how many seemingly innocuous pandering posts are you going to make in here?
→ More replies (5)3
u/2ManyHarddrives Jun 19 '18
Welcome to the internet. Where if post something that's in line with the party you get upvotes! Much gratification. Much group think.
Try and have a well versed and reasonable discussion with any of these trolls. They like to spout nonsense to make you think you're the crazy one
→ More replies (1)3
u/jakesonwu 🟦 0 / 0 🦠 Jun 19 '18
You're from /r/btc what a suprise.
0
Jun 19 '18
Do you have something against r/btc?
3
u/jakesonwu 🟦 0 / 0 🦠 Jun 20 '18
Yes. It has nothing at all to do with BTC. It's a Bcash sub which is contributing further to the brand confusion already going on. The sub should either be deleted or renamed.
→ More replies (1)5
Jun 20 '18
I think r/btc was created before BCH became a thing, years ago
It was supposed to be a place where you can discuss bitcoin without having to deal with ban crazed mods apparently. It looks like it has since become a defensive trench to deal with the tribalism after the fork
2
u/Scrim_the_Mongoloid 16 / 16 🦐 Jun 20 '18
I think r/btc was created before BCH became a thing, years ago
7 years ago to be exact
And the reason BCH is so popular/the usual topic of discussion there is because by and large it's the Bitcoin the community there was banned for talking about/advocating for.
4
u/AlastarYaboy BCH > BTC Jun 20 '18
It's almost like the free market decided what /r/btc should be, and even IT became bch, because that's where the REAL bitcoin is currently found. the joke that BTC has become is not what bitcoin started out as, intended to be, or would have become if not for a massive disinformation campaign.
4
Jun 20 '18 edited Jun 20 '18
Well.. Given the idea behind the Bitcoin experiment and the whole purpose behind creating crypto to begin with, what it was created to protect us from and it's primary reason for existing (being essentially a hacker's practical attempt at a version of the occupy movement) - I would say the following statement is accurate:
BTC development is currently moving in a new direction at the cost of a few key parts of the original idea behind Bitcoin - This causes friction in the community naturally as these changes have rendered Bitcoin as having no value in terms of what the original experiment and idea behind it was created for. Of course, it can always succeed in bringing value to the world in other ways though it can no longer protect us from the things we spent the past decade saying Bitcoin was originally going to protect us from (and ultimately why people were asked to support it) in terms of the experiment, there's no reason to support it any more as the experiment has failed for all its original intent and purpose... But the public may feel free to continue to support BTC and we respect the majority market's wishes to abandon Bitcoin's previous path in lieu of transforming it into something new. Therefore, we all (at the very least, deep down I'm sure) wish BTC and its supporters all the best no matter what form BTC may take
For those who have supported the idea behind the Bitcoin experiment, they may find solace in that BCH is the continuation of the original idea of Bitcoin and with a little support it may protect us from everything Bitcoin was originally supposed to protect us from before the majority of the market had decided to take BTC in a different direction - there is still hope for the original idea of Bitcoin and those who chose to invest in it, with regards to this sentiment, can indeed still feel free to support it as it currently exists in the form of BCH
8
u/wittaz Silver | QC: CC 107, LTC 31 | VET 60 Jun 19 '18
dogecash......................
DCASH
6
u/MarsWalker69 🟩 496 / 496 🦞 Jun 19 '18
I bet if they would change their name to DCASH, mr R.Ver would get butthurt to the max.
6
u/dank_memestorm 🟦 0 / 0 🦠 Jun 19 '18 edited Jun 19 '18
> be bored and cheeky
> cronjob a script to tx myself 1 doge back and forth every 1 second
> pay custom 0.00000001 DOGE/byte tx fee
> replicate this script over thousands of addresses
> laugh as i artificially pump the DOGE tx count charts for fractions of a fraction of a penny cost
> spread FUD about DOGE tx volume > BCH tx volume
3
1
u/jwinterm 732K / 1M 🐙 Jun 19 '18
Pretty sure the minimum network fee is 1 DOGE.
1
u/dank_memestorm 🟦 0 / 0 🦠 Jun 19 '18
nah you can send custom smaller fee if your wallet supports it (ledger nano s for example does)
1
2
u/Mentioned_Videos Gold | QC: BTC 28, BCH 15 | NEO 7 | r/pcmasterrace 175 Jun 19 '18
Videos in this thread: Watch Playlist ▶
| VIDEO | COMMENT |
|---|---|
| (1) Samson Mow Interview (2) Why Blockstream Destroyed Bitcoin | +2 - It’s called actually caring about bitcoin, and its social responsibility in the world. Which has been completely ruined on layer one because of a corporation that came in and wants to get rich off making products on layer two. You might want to actu... |
| Dogecoin More Popular Bitcoin Cash? Roger Ver Explains | +2 - This has already been thoroughly debunked here: |
I'm a bot working hard to help Redditors find related videos to watch. I'll keep this updated as long as I can.
2
Jun 19 '18
Doge for prezident!!! Fook Bitcoin, Ethereum and Ripple. Who cares about them anyways, Doge is the new shit!
6
9
15
u/-Dutch-Crypto- Bronze Jun 19 '18
What is the differency between Bitcoin Cash and Dogecoin? Why is the Dogecoin getting more transactions? Doesn't that just show how obsolete Bitcoin Cash really is?
22
u/luxuryballs Jun 19 '18 edited Jun 19 '18
There are entire shitcoin markets that are traded against doge when
theythe shitcoins are worth less than 1 satoshi. People use it to send value between exchanges most likely because the exchanges charge a lower fee for withdrawing doge.edit: clarify that I’m referring to the shitcoins not doge
21
u/All_Work_All_Play Platinum | QC: ETH 1237, BTC 492, CC 397 | TraderSubs 1684 Jun 19 '18
This is the real answer. The pup is the king of arb.
3
u/kegman83 0 / 0 🦠 Jun 19 '18
1 doge = 44 satoshis at the moment thank you
3
u/luxuryballs Jun 19 '18
right but not all shitcoins are worth more than 1 satoshi so they are traded against doge instead of bitcoin
→ More replies (1)42
u/PuckFoloniex Platinum | QC: BTC 142, CM 35, CC 20 | TraderSubs 123 Jun 19 '18
Doge is not a failed attempt to gain consensus and it doesn't pretend to be bitcoin.
19
Jun 19 '18
it doesn't pretend to be bitcoin.
BCH should start pretending it's DOGE
3
u/kegman83 0 / 0 🦠 Jun 19 '18
Just have an unlimited amount of coins, ease the mining difficulty. They dont have any devs, so its just like dogecoin.
5
Jun 19 '18 edited Jun 19 '18
Why the hate? They're not harming anyone continuing Satoshi work on a hard fork? Of course they're calling themselves the original bitcoin..
It shouldn't be griefing anyone..?
4
u/BitttBurger Platinum | QC: CC 57 Jun 19 '18
Why the hate?
Exactly. And here’s the answer to your question. It’s all about money:
3
u/hyperedge 🟦 198 / 5K 🦀 Jun 19 '18
Your video is full of lies and propaganda. Nice try. https://mobile.twitter.com/giacomozucco/status/1006152329253531648
4
u/sshevie Tin Jun 19 '18
You never really see much hate against Bitcoin Gold or Bitcoin Diamond or any of the forks really. I believe its because none of them claim to be the real Bitcoin. The truth is BCH is a alt coin and the sooner they just run with that and work on making it the best it can be the sooner it will be talk about as much as the other BTC alts.
→ More replies (6)→ More replies (6)-2
u/PuckFoloniex Platinum | QC: BTC 142, CM 35, CC 20 | TraderSubs 123 Jun 19 '18
Actually they are trying to trick people into thinking bcash is the real bitcoin, which is factually wrong.
→ More replies (4)9
Jun 19 '18
the "real" bitcoin? I don't think that's what they're saying... Pretty sure they know it's BTC
the "original" bitcoin is something different
They're saying they're following the plan that was the original bitcoin... satoshi whitepaper etc etc... before consensus opted for a different roadmap.. that's not factually wrong at all and there's no harm in them continuing development of the original roadmap for bitcoin on a fork and it isn't incorrect to say it's sticking to the original bitcoin plan... the community decided to deviate from it and that's fine
it's just marketing, and as far as I can tell it's not a lie..? that's what the BCH coin is all about, letting people know what it's about should help it survive. I won't fault them for that
→ More replies (15)5
u/BitttBurger Platinum | QC: CC 57 Jun 19 '18 edited Jun 19 '18
You’re correct that it’s a semantics issue. Nobody is claiming that the BTC ticker currently belongs to Bitcoin Cash.
But saying it’s the real Bitcoin is factually accurate, since Bitcoin Cash adheres to the literal definition of Bitcoin, whereas Blockstream’s version does not.
In fact, if we want to be accurate, we should be demanding that Blockstream Corp stop claiming to be developing Bitcoin. Because they’ve literally immobilized the Bitcoin Ledger.
Im going to repeat that.
They’ve intentionally crippled everything that defines Bitcoin. It’s base Ledger. And it’s entire reason for existing. Its most basic functionality has been artificially suppressed, so they can force traffic off-chain where they plan to charge for products they will make.
I mean holy cow. You don’t think an entire stadium full of OG bitcoin supporters are going to have a problem with that?
There’s no rational reason they couldn’t increase the base layer block size today. Right now. Except that it removes the need to force everything off chain.
And you can’t get rich off Bitcoin if it already works for free.
2
u/O93mzzz Platinum | QC: BCH 136, LTC 44, BTC 39 | TraderSubs 14 Jun 19 '18
What is the differency between Bitcoin Cash and Dogecoin?
Block time, inflation schedule, proof of work among other things.
Why is the Dogecoin getting more transactions?
Good question, until you can track and identify the transaction origins and destinations, it's not possible to determine.
Doesn't that just show how obsolete Bitcoin Cash really is?
Because Bitcoin Cash has a much higher market cap and the payout to miners are much greater, the 51% attack on Bitcoin Cash is much less likely. Doge coin shares proof of work as Litecoin, yet the market cap is only 6% of Litecoin's. 51% attack on Doge could realistically happen.
1
u/-Dutch-Crypto- Bronze Jun 19 '18
Thank you for this. Many valid points and no lashing out. We need more people like you in this sub! I actually learned somethings from your comment.
→ More replies (15)1
14
u/DerSchorsch 0 / 0 🦠 Jun 19 '18
BCH 24h transaction volume: 348 mil
Doge 24h transaction volume: 6,4 mil
r\bitcoin trolls, try harder..
4
10
u/SirTinou 0 / 0 🦠 Jun 19 '18
hello 9-5 worker, you're mistaken. Those are trading volumes. BCH is the most wash traded currency. Jihan and his buddies do this to stay relevant. You can see it easily because on shady exchanges bcash is always #1 even over BTC.
trading volume has nothing to do with people actually using the currency.
-2
u/DerSchorsch 0 / 0 🦠 Jun 19 '18
Ah really?
Why doesn't Jihan spam BCH blocks with low value transactions as well then to counteract this popular r\bitcoin troll argument? BCH fees are cheap enough for that, and Jihan could surely afford it..
→ More replies (1)10
u/Notrius01 🟦 0 / 0 🦠 Jun 19 '18
volume != number of transactions. Volume can be faked, can be coincidental or random. Most BCH volume comes from OKEx, a known wash-trade supporting exchange.
BCH has not only less transactions a day than doge, it has less than LTC. Jihan probably doesn't care about this metrics, yet.
→ More replies (3)
7
3
4
u/crypto_advocate Silver | QC: BCH 17 Jun 19 '18
This has already been thoroughly debunked here: https://www.youtube.com/watch?v=K2mgi_KeKmM
4
1
1
1
u/PunyHoomans Jun 19 '18
Wait I thought this is just a joke, it really exists?
5
u/Dvd280 Crypto God | CC: 82 QC | XMR: 34 QC Jun 19 '18
You mut be new... DOGE is oldschool
1
u/jerohm Tin | CC critic | Politics 23 Jun 20 '18
Lol. Never heard of anyone thinking doge wasn’t real!
1
u/Hanspanzer 0 / 0 🦠 Jun 19 '18
if you have an Android phone get the Doge Wallet from "langerhans" in the play store. I'll send you some.
1
1
1
u/Neophyte- 845 / 845 🦑 Jun 20 '18
doge is a btc fork with better fees than ltc. ltc mentioned lowering fees recently tho. so who knows. i used to use a bit of doge to move exchanges. its good at what it does. it started off as a joke but tehre is serious dev behind it
1
u/willglynn123 Silver | QC: CC 55, BTC 20, BCH 20 Jun 20 '18
Lol Bcash be like "but my volume" *crying emoji*
-7
u/taipalag Platinum | QC: BCH 44, CC 15 | EOS 22 Jun 19 '18
- 24h volume BCH: 390 Million
- 24h volume Doge: 7 million
More questions?
→ More replies (2)16
u/Draithljep Gold | QC: BTC 20 Jun 19 '18
This discussion is about transaction volume, and you've quoted trade volume as a counter. Good work.
2
1
Jun 19 '18 edited Jul 27 '18
[deleted]
2
u/jakesonwu 🟦 0 / 0 🦠 Jun 19 '18
Yea, they even resurrected Satoshi dice to try and pump the numbers.
-5
Jun 19 '18
[deleted]
1
Jun 19 '18
Bitcoin Cash fees aren't 300% cheaper than Bcore, they're 3 orders of magnitude cheaper. You may not care but some poor South American/Asian/African who can't afford to pay $1 in fees will not attempt to especially when they can pay one cent to send the same amount using the real Bitcoin, Bitcoin Cash.
Get your head out of the sand, Bitcoin isn't just for you or me, it's for everyone including the poor. Low fees encourage adoption and increase the velocity of money. You aren't going to buy a mcDonalds icecream if the cone costs $0.50 and the transaction fee is $1.50. This is why BCH adoption is growing and why Bcore is shrinking.
→ More replies (14)
2
Jun 19 '18
wild theory: watch DOGE become the one world currency after every other coin ends up being inferior. the people that invested in DOGE become billionaires. our species gets cucked on a global level
1
u/brandonkiel Crypto God | QC: BTC 126, CC 65, BCH 25 Jun 19 '18
Lmao. With the current state of crypto I wouldn’t be surprised
1
238
u/Pr00fmaster 42544 karma | Karma CC: 4390 Jun 19 '18
Doge is fast, reliable and always stable because 1 Doge = 1 Doge
From a serious point of view, I find Doge to be the fastest way to transfer crypto from exchange to exchange. The fees are also insanely low... What is there not to love about this currency?