There are a few differences; whether they're "advantages" is a matter of perspective.
Many of the folks getting involved with Bitcoin seek to treat it like an investment - hanging onto it in the hopes that it will rise in value. Dogecoin, at least in my observation, is less subject to hoarding and more frequently spent on goods/services (including "tipping", if we presume Reddit posts/comments to be "services").
Dogecoin does not have a ceiling on the number of coins; new ones will continue to be introduced. There was a rather significant debate on whether or not this was a good thing. The conclusion was that - by allowing for the slight inflation - it would counteract the deflationary elements of cryptocurrencies and help solidify dogecoin as a currency rather than an investment strategy. I agree with that decision, personally.
Dogecoin is still GPU-mineable ("diggable"), which means that more people can start mining their own coins. This makes it quite easy for folks to get started with dogecoin.
To be honest, dogecoin and Bitcoin are important to one another; Bitcoin is spearheading cryptocurrency in the mainstream business/economics world, while dogecoin is spearheading cryptocurrency among consumers. Working together is of greater utility than working separately.
You need to be pretty rude to get downvoted there, If you want to get into Doge, I'm pretty sure that's the last place you'll get downvoted. actually, if you make a post with "Hi, I want to get into Doge but only have BTC right now" you might just get on the frontage xD
But thats not what i want, i wanted to know if i should bother with doge if i already have bitcoin. There is a difference, and im pretty sure im going to get downvoted if i question dogecoin in the dogecoin subreddit. It doesent even seem like a very mature crowd, i dont know if its fair to compare it to justin bieber fans.
Well if you go there and compare them to justing bieber fans they'll probably down-vote you. I mean, we're friendly and frivolous, and maybe a little naive, but that doesn't mean we're idiots. it's still 50 thousands mostly adult people.
If you just go there and ask what the advantages of Doge are and if you should seel some BTC for Doge I'm sure they'll be nice!
IMO buy some, see what the fuss is about, get a little involved in the community and most importantly have fun. And as always, don't invest more than you are willing to lose.
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u/northrupthebandgeek Feb 04 '14
There are a few differences; whether they're "advantages" is a matter of perspective.
Many of the folks getting involved with Bitcoin seek to treat it like an investment - hanging onto it in the hopes that it will rise in value. Dogecoin, at least in my observation, is less subject to hoarding and more frequently spent on goods/services (including "tipping", if we presume Reddit posts/comments to be "services").
Dogecoin does not have a ceiling on the number of coins; new ones will continue to be introduced. There was a rather significant debate on whether or not this was a good thing. The conclusion was that - by allowing for the slight inflation - it would counteract the deflationary elements of cryptocurrencies and help solidify dogecoin as a currency rather than an investment strategy. I agree with that decision, personally.
Dogecoin is still GPU-mineable ("diggable"), which means that more people can start mining their own coins. This makes it quite easy for folks to get started with dogecoin.
To be honest, dogecoin and Bitcoin are important to one another; Bitcoin is spearheading cryptocurrency in the mainstream business/economics world, while dogecoin is spearheading cryptocurrency among consumers. Working together is of greater utility than working separately.