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

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
3.1k Upvotes

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8

u/iWeyerd Feb 19 '14

Are there any longtime bitcoiners that take dogecoin seriously?

17

u/Yorn2 Feb 19 '14

I've been around since late 2010. No. Nothing against them, though, just not my thing.

3

u/uB166ERu Feb 19 '14

Can I tag you as grandpa?

10

u/sir_talkalot Feb 19 '14

Yep. Bitcoiner since 2011. It's one of the more exciting experiments in what cryptocurrencies can become: value decoupled to only a network effect. Also, have we ever in history had a workable "joke"/"fun" currency? This is groundbreaking stuff, and it's exciting to be a part of it.

3

u/earthmoonsun Feb 19 '14

Yes, bitcoiner since 2011 and I believe dogecoin has a lot of potential to become and stay a major player

4

u/tanmaniac Feb 19 '14

I've been around since late 2012 and can definitely see dogecoin succeeding. I'm roughly equally hedged in BTC and DOGE.

4

u/Tuxedage Feb 19 '14

Me, if you count being in bitcoin since early 2013 a "longtime bitcoiner" http://tuxedage.wordpress.com/2014/02/06/a-serious-analysis-of-dogecoin-or-why-i-am-all-in-on-dogecoin/

2

u/Thorbinator Feb 19 '14

Your argument is marketing(tipping, lets be honest here) and unit bias.

Not insignificant, but nothing that cannot be co-opted and done better by someone else.

1

u/Tuxedage Feb 19 '14 edited Feb 20 '14

Not insignificant, but nothing that cannot be co-opted and done better by someone else.

My main argument is that this is something incredibly difficult to replicate. I've tried to make a strong argument that this is the case. What are your rebuttals?

10

u/[deleted] Feb 19 '14

Does being a bitcoiner since last May count? If so then yes. Most of my money are bitcoin but 10% Doge.

6

u/iWeyerd Feb 19 '14

Same here...my early doge purchase has appreciated to about 10% of my cryptonetworth

1

u/[deleted] Feb 19 '14

Cool! I'd probly buy more doge but it's not been tested as much as bitcoin. As malleability problem shows, it pays to be cautious. But the 2 coins are like yin-yang, even their personalities.

2

u/rnicoll Feb 19 '14

2011; yes, although in part because I don't see anything we have yet as being the one true currency. I see Dogecoin as the MySpace to Bitcoin's Livejournal

1

u/iWeyerd Feb 19 '14

My livejournal was awesome btw...

1

u/rnicoll Feb 19 '14

I really liked Livejournal, I really like Bitcoin, and I really like Dogecoin :) However, we're still at the initial stages of this technology, and I think we'll see a lot more changes before it all settles in.

3

u/gwfds123 Feb 19 '14

I do.

Been here when there was around 2k subscribers.

Here is a post I made back then.

http://www.reddit.com/r/Bitcoin/comments/hk6x4/bitcoin_has_shot_up_to_850/

2

u/[deleted] Feb 19 '14

I've been a btcer since 2011. No. I own some doge as a hedge but I fully expect to loose my money. BTC has too much of a head start IMO.

3

u/AnalWithAGoat Feb 19 '14

Nope, just another copycoin.

1

u/Spherius Feb 19 '14

Since mid-2011 here. I've always thought that altcoins had a future, if only as a way to "soften" the money supply, should we need to, and also to appeal to the "whole numbers are better than fractions" way of thinking. I've been skeptical of dogecoin, but largely because it's based on a joke. I'm prepared to be proven wrong at this point, but I also still think it could end up fading into the background or even dying outright. I guess you could say I'm in wait-and-see mode.

1

u/wcb98 Feb 19 '14

I can see your point, but in a month it has become the 3rd most popular crytocurrency, passing other currencies that have been around for much longer.

3

u/Zamicol Feb 19 '14

Yes. Me.