Post
Topic
Board Altcoin Discussion
Re: List of all cryptocoins
by
giszmo
on 13/02/2014, 16:20:58 UTC
wake up. dogecoin is a joke. when it stops being funny it'll fade away.

As much as I hate Dogecoin and all the other cheap copies (anything short of mind-blowing innovative but incompatible with bitcoin itself should have no chance against the network effect of bitcoin. anything more or less innovative but compatible with bitcoin should be considered a test-coin that will be integrated into bitcoin and thus as being obsolete or die before, due to network effect.) there is the remote chance of "somebody" pushing a joke into the market. Thought experiment:
You have 10 billion dollar and want to have the biggest share of the future money. Will you jump on the bitcoin bandwagon, buying in to get a 20% share or would you rather pump a joke-coin to 50 billion market cap with you owning at least 50% in an attempt to dethrone bitcoin? I find option #2 quite tempting and the more money you have the more tempting it is. Although Dogecoin's distribution is far from "fairer" simply because it skyrocketed that fast, many of its users promote it as being fairer and who wants unfair bitcoins if media pushes such a twisted idea? I see no reason to ignore any coin that "started as joke". I see every reason to not over-glorify xorxor's take on each of these coins.