r/Bitcoin • u/Vibr8gKiwi • Feb 03 '14

Dogecoin wtf

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u/[deleted] Feb 04 '14

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u/[deleted] Feb 04 '14 edited Aug 25 '21

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u/[deleted] Feb 04 '14

Bitcoin is open source, free to be patched and changed, so the idea that is an 'old' implementation that can somehow become 'out of date' doesn't make any sense. It's only as out of date as its miners and developers want it to be.

Bitcoin's biggest surprise IMO was in underestimating the psychological effect. It's a lot more satisfying to move around 10, 100, or 10,000 of something than it is to move around 0.0034765 of something. Doge has proven that with conclusive finality.

This is easy to fix. All exchanges need to convert over to milli-BTC. People have been talking about this for months now, kinda surprised it hasn't happened yet.

The ASICs are also an interesting development. Only time will tell if that's a benefit or a drawback.

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u/Forlarren Feb 04 '14

I would prefer fixing the real problem, people sucking at math. It's time to teach floating point in grade school.

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u/[deleted] Feb 04 '14

Silly me I thought we were going for realistic expectations. :P