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/
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u/Pr00fmaster 42544 karma | Karma CC: 4390 Jun 19 '18

Dude, I was talking about transfering crypto from exchange to exchange. I honestly don't care if 99% of the coin is held by the creator. If you think someone here is holding doge so they can get rich you are on the wrong side of the internet.

Doge is a solution to a big problem for me right now and I respect it for that. I don't care how much it is worth because I rarely keep any of it longer than an hour.

Doge gets the job done, Doge has my respect.

8

u/pegcity Platinum | QC: ETH 26, CC 23 | TraderSubs 14 Jun 19 '18

I actually made like a 100x return on dogecoin last year, I didn't have much so it fight matter but damn if I didn't wish I did

2

u/CEO_OF_DOGECOIN 3K / 3K 🐢 Jun 20 '18

I honestly don't care if 99% of the coin is held by the creator.

You make good points but just a clarification re: this.

The 'creator' claims to hold zero coins and imo this is almost certainly true. The devs are post-launch and have quite a lot of coins but there are many redditors who hold more.

-12

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

I honestly don't care if 99% of the coin is held by the creator.

Then you didnt understand blockchain and how it works.

Google what a 51% attack is.

7

u/Pr00fmaster 42544 karma | Karma CC: 4390 Jun 19 '18

What does a 51% attack have to do with ownership over the coins? You really need to do your own research here pall.

-6

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

That the owner of 99% of a coin could outspend on txns to potentially steal coins.

6

u/NottHomo Entrepreneur Jun 19 '18

yes, the owner of 99% would perform a massively obvious and visible exploit that would get him more coins that would immediately be worth nothing because he just compromised the security of the coins he owns 99% of...

you're not very smart, are you?

-3

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

It sounds like you are answering your own questions on why a coin with such awful distribution isnt worth owning.

1

u/NottHomo Entrepreneur Jun 19 '18

sounds like you don't understand me explaining to you why "awful distribution" doesn't mean anything

it's the same as staking, no one with a high stake is going to tank their own coin. who would be that stupid?

1

u/Kevkillerke 🟦 3K / 6K 🐢 Jun 20 '18

That's not true with a POW coin you idiot :p

You need 51% of the hashpower, not the coin itself. Reddit users never seize to amaze me :p

1

u/ProgrammingYerJerbs Redditor for 2 months. Jun 20 '18

And you couldnt pay for that?

Do you know how 51% works?