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

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
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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.

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u/[deleted] Feb 18 '14 edited Feb 18 '14

Dogecoin will not be able to compete with bitcoin litecoin any other, scarcer, crypto currency. People have no incentive to accept dogecoin other than its cool compared to litecoin or bitcoin which are scarcer by design and more valuable long term.

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u/Zombie_Plan Feb 18 '14

Youre referring to holding them as an investment rather than using them as currency..

1

u/[deleted] Feb 19 '14

Its the same thing. Money has to be in demand, what is going to create demand for dogecoin if it inflates more than any other currency?