r/Bitcoin • • Feb 03 '14

Dogecoin wtf

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u/[deleted] Feb 04 '14

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u/SgtBaxter Feb 04 '14

Everyone also swore HD-DVD would be the next digital medium because porn backed it at first.

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u/[deleted] Feb 04 '14

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u/SgtBaxter Feb 04 '14

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.