Quote from: Anon136 on February 12, 2014, 04:43:54 PM

Quote from: rickyjames on February 12, 2014, 04:36:43 PM

Quote from: Anon136 on February 12, 2014, 02:57:28 PM

Quote from: rickyjames on February 12, 2014, 02:36:48 PM

Quote from: 2Kool4Skewl on February 12, 2014, 07:44:43 AM

Quote from: Anon136 on February 12, 2014, 07:38:31 AM

Quote from: landomata on February 12, 2014, 07:26:18 AM

Quote from: instacash on February 12, 2014, 07:23:38 AM

Quote from: Anon136 on February 12, 2014, 07:17:11 AM

Quote from: Come-from-Beyond on February 12, 2014, 05:45:46 AM

DogeCoin goes on par with Peercoin - http://coinmarketcap.com/

when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling.

Dogecoin is far more popular than Peercoin, it's been pretty much determined to climb up.

It does actually have great advantage: popularity.

Basically Peercoin has no marketing...Nxt cannot suffer the same faith...we have to adopt Dogecoin marketing best practices.

doge needs marketing because it has no substance. we dont need marketing because we do have substance. granted we need to communicate the relevant facts about nxt in a calm and orderly fashion to those who are not aware of those facts. i suppose you could call that marketing. but this is what marketing means to doge, http://www.youtube.com/watch?v=H3oiThw2RxE this we absolutely do not need.

+1

When the doge bubble pops, it will be catastrophic. The doge price is unsustainable because doge doesn't offer any advantages over bitcoin.

I humbly disagree with both of you. Digital scarcity is a contradiction in terms, And Doge offers the little guy coins at a small price, miners the ability to mine at lower difficulty level, and speculators a new beach ball to throw around. Bitcoin has lost the ability to offer any of these things.

If digital scarcity is a contradiction in terms than why are you so involved in crypto? I mean that would necessarily make investment in any crypto a bad investment?

Any cryptocoin can generate as many or as few of its coins as it wants. The scarcity aspect of any fiat or crypto currency is a socially agreed upon factor. Scarcity only exists as a true factor in precious metals, which is why you are setting up a silver exchange. I am not into crypto to take advantage of scarcity, but to enforce the originally agreed upon level of scarcity by preventing centralized entities like the US Fed to print trillions of dollars at will. A well run crypto will never see hyperinflation. Speculator runnup maybe but not hyperinflation.

ok but this is an admission that digital scarcity exists so long as that agreement holds right?

Yes but to me this is an odd way of phrasing it. People choose to join a crypto based not on its perceived scarcity but on its adequacy and sufficiency to meet their personal needs. They will leave a crypto for another one if the old one fails to meet personal needs and the new one does. Only physical objects can be scarce. If a digital item is scarce it is only because a centralized power broker says so and others accept that assertion.