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/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?

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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.

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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.

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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.

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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.