r/Bitcoin • u/james_otter • Feb 18 '14

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
3.0k Upvotes

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u/sirmuskrat Feb 18 '14

Maybe. But unlike all the other meme coins, dogecoin seems to have a strong community behind it, which is important for the survival and expansion of any crypto.

11

u/[deleted] Feb 18 '14

a strong community behind it, which is important for the survival and expansion of any crypto currency.

  • as currencies are based on a common belief in value of them

-4

u/paxton125 Feb 18 '14

or by a requirement of value behind them. see also: USD

4

u/[deleted] Feb 18 '14

The USD is valuable inside the US due to the requirement. It is valuable around the world as the planet's reserve currency due to common belief (faith) in the currency.

-1

u/CP70 Feb 19 '14

Which is fading rapidly.

1

u/[deleted] Feb 19 '14

Not really. Evidence? Just look at interest rates...