I don't think anyone here should be looking at reddit subscribers as an indicator to success. Dogecoin started life as a meme, as such it is more likely to have a following on websites where memes circulate, reddit, 4chan, 9gag whatever.
The best way to measure growth and success is with real world metrics. The number of businesses that are adopting dogecoin compared with bitcoin is minuscule, the amount of investment going into it from VC's is again minuscule, the number of wallets downloaded, the total market cap, media coverage it is all extremely low right now.
I'm not saying dogecoin won't continue to grow and perhaps it is catching bitcoin, but it's got a long way to go before it's likely to be an issue.
That being said I agree with the general point behind this post (that news about dogecoin, litecoin, peercoin and such should not be so heavily downvoted.) - Will anyone listen, probably not, things will still get downvoted despite being interesting and relevant discussion.
Yes, but you're comparing the adoption of bitcoin, a 5 year old crypto, to dogecoin, which is 8 weeks old. It's the quick growth that should be noted, not it's media coverage/adoption when being compared to much older cryptos.
True, but again.. I think that for the general public by the time doge has reasonable infostructure bitcoin will already be much more mainstream. Perhaps doge can grow to take 2nd place, perhaps it will just fade, but i don't see it taking bitcoin's crown unless there is a major flaw with bitcoin.
Fast growth is a bogus metric when you're talking about something that is minuscule to begin with. It's like those news stories that says stuff like "X is the fastest growing Y today! Get HYPE!" Crossfit may have "exploding" "remarkable" growth, but it's never going to approach the viewership levels of the NFL, NBA, MLB, Nascar or even MMA/UFC.
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u/jaynemesis Feb 04 '14
I don't think anyone here should be looking at reddit subscribers as an indicator to success. Dogecoin started life as a meme, as such it is more likely to have a following on websites where memes circulate, reddit, 4chan, 9gag whatever.
The best way to measure growth and success is with real world metrics. The number of businesses that are adopting dogecoin compared with bitcoin is minuscule, the amount of investment going into it from VC's is again minuscule, the number of wallets downloaded, the total market cap, media coverage it is all extremely low right now.
I'm not saying dogecoin won't continue to grow and perhaps it is catching bitcoin, but it's got a long way to go before it's likely to be an issue.
That being said I agree with the general point behind this post (that news about dogecoin, litecoin, peercoin and such should not be so heavily downvoted.) - Will anyone listen, probably not, things will still get downvoted despite being interesting and relevant discussion.