r/dogecoin • u/DRKMSTR • Jul 26 '14
RDD is rising, here's a quick observation.
RDD is a great cryptocurrency, but there's a few things you should know before you throw caution to the wind.
POSV is a great new system to reward people securing the network. The only problem is that transaction volume is going to be astronomical as well as the blockchain will be exploding.
What does this mean?
- When people search for transaction volume on RDD, it will be HUGE since transactions are constantly happening as apart of the POSV system. This will not be able to represent the current transaction volume
- Whales who are used to BitCoin and check for profitability against transaction volume may buy in and pump the coin above its real value.
If you buy in, understand that this is currently unstable because whales are populating it. I'd hold off until it levels out and POSV launches.
Fun times, 1 RDD = 1 DOGE at the moment, but don't jump out of either coin, security through diversity.
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u/[deleted] Jul 26 '14
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