Post
Topic
Board Altcoin Discussion
Re: DogeCoin already bigger than Litecoin
by
FreeTrade
on 25/01/2014, 13:54:11 UTC
hi freetrade, does this mean memory coin has less potential than zetacoin as per your analysis ? also why do u think memory coin is having a hard time gaining value at the moment. thnx

Well, it's not an analysis - it's a table of numbers.

You'd be wrong to think that a low number is necessarily a good thing - if there are low transaction fees in combination with a low block reward, it means that only a small amount of power is being used to secure the network, and the coin is vulnerable to double spends and 51% attacks.

A large number needs context too - you can imagine 3mil/day being invested into Bitcoin, but its difficult to imagine 1mil/day pouring into Dogecoin for the forseeable future.

As for Memorycoin - $10,000/day flowing into the coin is pretty good for a new coin - we've got very high inflation while we get the initial coins issued - expecting the price to rise as the block reward falls - it's a slow burner.