Post
Topic
Board Altcoin Discussion
Re: dogecoin LIED and created the illusion of popularity when no-one liked it
by
subSTRATA
on 23/02/2014, 23:20:06 UTC
The same principle would also apply to the super high transaction volume they boast. Its like they are just throwing coins through a blockchain tor-type system.

If you have enough coins to pay transaction fees for long time, you can make any cryptocoin almost stall due to transaction volume, just use
auto-sender to move coins within your own wallet and set it to very high rate. The same goes for exchange volume, set trade BOTs on two or
more accounts to trade between themselves. You'll pay 0.2% or so trade fees to exchange but if your goal is to create an illusion of high volume
(to attract big players) and you invested a lot into coin that should not be a big problem.

Factually, the growth in popularity, alluded to by indicators like transaction volume and network hash rate

There is hashrate pointed at DOGE only if it's profitability is artificially increased to point where miners won't go mine some other scrypt coin.
Contrary to that, most people were and will be mining Bitcoin (especially that one), Litecoin and other major coins no matter what so your story
about DOGE having high hashrate due to popularity is provably wrong. Stop pumping DOGE price and let me know how many miners will stay
mine it after one or few difficulty retargets, once profitability drops way bellow other scrypt coins.