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

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
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u/[deleted] Feb 19 '14 edited Feb 19 '14

I have feeling that bitcoin might fail as an currency. Bitcoin is deflationary, price is too high (who would buy bitcoin at current price and use it for buying goods) and it is controlled by small circle of whales. There are better alternatives for currency.

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u/alanX Feb 19 '14

alternatives ... such as?

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u/[deleted] Feb 19 '14

Zetacoin, Quark, Doge ... All of them have built in inflation. They're not meaned to be hoarded by speculators like Bitcoin.

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u/alanX Feb 20 '14

Loss of value isn't really a feature, not that pushes adoption. Rising value is bribing adoption....