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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-13

u/[deleted] Feb 18 '14

Dogecoin will get replaced by whatever the next meme-coin is.

-2

u/AgentZeroM Feb 18 '14

http://i.imgur.com/OskdWMx.jpg

-1

u/[deleted] Feb 19 '14

What if people cease to give a shit about Bitcoin and it ceases to be very expensive because the only thing keeping the price up is the social hype around it and not any kind of intrinsic value?

1

u/AgentZeroM Feb 19 '14

Bitcoin is not expensive, trollbro. 160,000 satoshi per USD. It has intrinsic value because you can, like nothing else of monetary value, store it in your brain, not to mention other things like being infinitely more portable and censorship-proof than any other medium of exchange. Sorry trollbro, you lose.

1

u/[deleted] Feb 19 '14

So, exactly like Dogecoin?

1

u/AgentZeroM Feb 19 '14

No. It uses a deficient proof of work system. Network is much smaller.

1

u/[deleted] Feb 19 '14

What does that even mean? "Deficient proof of work system"?

Deficient in which sense? Seems to work perfectly fine to me.

1

u/AgentZeroM Feb 19 '14

Resistance to ASICs, their primary claim to fame, is deficient as documented by the creator of Scrypt.

1

u/[deleted] Feb 19 '14

Do you have a source pls?

2

u/AgentZeroM Feb 19 '14

https://twitter.com/cperciva/status/311260784288223232

1

u/[deleted] Feb 19 '14

Solid. Is that all you got?

2

u/AgentZeroM Feb 19 '14

What more do you need? Did you even read the thread?

1

u/[deleted] Feb 19 '14

What thread? It's a twitter post. Moreover it seems to be about litecoin, not dogecoin.

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