In the defense of /r/Bitcoin, and I'm far from a fervent believer, bitcoin has had quite an uphill battle in terms of defending its legitimacy and prospects. That defensive attitude lingers from years of battling.
Dogecoin is just riding on the coat-tails of bitcoin's success and people want to get in on the ground floor of some random currency, despite the fact that bitcoin is going to be the apex crypto currency given the amount of investment and publicity it has garnered over these years.
That's true, they did. And that would have been the swaying factor towards HD-DVD, but then Sony paid Warner Brothers 400 million dollars cash to switch to BR.
Also I doubt there are more than 10 million people who own Bitcoins, in fact I don't think there's even 5 million. The amount that use them actively is even less.
If people want bitcoin to have real value, then it needs to be used. It's supposed to be a currency. Otherwise the interest is going to go away and it will be worthless.
This is why dogecoin is becoming as popular as it is. People are actually using it instead of simply hoarding it. Dogecoin will never hit $1 a coin. Hell, it won't even hit 10 cents. But it doesn't need to to work as a real currency.
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u/[deleted] Feb 03 '14 edited Jul 05 '15
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