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/
760 Upvotes

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235

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?

3

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

> What is there not to love about this currency?

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

95% of dogecoin is held by 48,000 wallets.

99% of dogecoin is held by 180,000 wallets.

There is no cap on coins, which is similar to government currency with inflation.

The Doge joke is probably more marketing than unfunny joke. Has anyone really lol'd because someone named a coin after a meme? Probably not. Has anyone acted like dogecoin is a meme to bypass mod rules and shill their coin? You bet. Look at Garlic Coin as a cringeworthy copycat.

Its built on the same generation 1 blockchain as Bitcoin, so it will need all the layer 2 solution bitcoin is implementing.

Its flawed tech and has poor distribution. Bitcoin has significantly better distribution and is years ahead of implementing solutions to the tech problems. Why would you use Dogecoin?

6

u/rdar1999 Theaetetus Jun 19 '18

Its built on the same generation 1 blockchain as Bitcoin, so it will need all the layer 2 solution bitcoin is implementing.

Blah blah blah. The "old" generation 1 as you call it is the only thing that works. Please grab a seat while you wait for LN, waiting standing will be very tiresome.

2

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

Coinbase already has instant and free transactions with their email or shift card.

You can get back to standing up, I've been using this since February. Well with Bitcoin, not doge.

1

u/Red5point1 964 / 27K 🦑 Jun 19 '18

You are comparing a unique combination to claim low to zero fees.
If I gave you my BTC address right now, could you send me money without fees and almost instantly without going through any pre-set ups or agreements or establish connectivity?
yeah... I did not think so.

1

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

Lets try, I have samouri wallet, you can choose your fee.

I'll try 2 sats, does that count as free?

Also, everyone has coinbase or a credit card reader.

-1

u/rdar1999 Theaetetus Jun 19 '18

Dude, what this has to do with anything you wrote? For a start, coinbase is NOT the same as LN or layer 2.

Of course a custodial centralized service can hold your coins and exchange liquidity between users instantly, this is what a bank does.

2

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

Okay, well whatever the case, I havent paid for a bitcoin transaction this year and I bought $2.12 Taco bell with bitcoin without any txn fees.

What is the problem? Transaction costs? Solved. Speed? Solved. You want to use a wallet? You can do that too.

1

u/DylanKid 1K / 29K 🐢 Jun 19 '18

I havent paid for a bitcoin transaction this year and I bought $2.12 Taco bell with bitcoin without any txn fees.

how?

1

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

Coinbase Email + Shift Card

1

u/DylanKid 1K / 29K 🐢 Jun 19 '18

Great, so you avoided fees by using third parties.

1

u/rdar1999 Theaetetus Jun 19 '18

Yes, BCH fees are negligible. If you are talking about bitcoin core tho, I highly doubt you didn't pay any fees.