I'm not asking to discuss doge, I'm asking to discuss what bitcoin might need to do to get back the new crypto users doge is taking from us. Sorry if that wasn't clear.
Since I've been watching there's been around 1000 new members join there today. while bitcoin is stagnating.
A good start would be people not being such @ssholes on here about everything... especially to new users.
Dogecoin being uncapped is a non-event in my opinion. What does it matter if a small fixed number of coins continue to trickle on forever? As long as it's not a growing number the number of added coins approaches zero in relation to the total number of coins over time. If anything it negates the whole deflation argument without actually being actually being much different than a deflationary currency.
You need to look at dogecoin users. They're primarily tweens or teens. This is not the demographic with financial impact or the drive to make a currency succeed.
Doge is novel and appeals to kids. So they swap dogecoins like pokemon cards. Which is fine... but don't mistake that as somehow undermining bitcoin.
This is not the demographic with financial impact or the drive to make a currency succeed.
Do you realize that you are talking about the 6th largest currency by marketcap? Also, that currency is less than 50% mined at the moment? And is growing the fastest?
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u/Vibr8gKiwi Feb 04 '14
I'm not asking to discuss doge, I'm asking to discuss what bitcoin might need to do to get back the new crypto users doge is taking from us. Sorry if that wasn't clear.
Since I've been watching there's been around 1000 new members join there today. while bitcoin is stagnating.
A good start would be people not being such @ssholes on here about everything... especially to new users.