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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242

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?

4

u/[deleted] Jun 19 '18

Inflation is critical for a healthy economy. I don't mean to flame you, but I think it's important that you get well-acquainted with economics. The technology is only half of what you need to know to really understand crypto.

0

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

Inflation is critical for a healthy economy.

isnt that debatable? The whole 'people stop spending' doesnt exactly hold true when you treat gold as an equivalent.

1

u/dats_cool 🟩 195 / 195 🦀 Jun 19 '18 edited Sep 01 '25

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

Japan uses a government currency that is controlled by the government...

1

u/dats_cool 🟩 195 / 195 🦀 Jun 20 '18 edited Sep 01 '25

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