Dogecoin was the first professional scam coin spread over the long term.
+1 billion
Exactly. Others in this forum (including myself) have attempted since day 1 to educate the masses that this is a pure scamcoin. I mean seriously - 6.5% instamine in 3 days (12B coins!?!?). Who do you think profited from this? It was the huge GPU mining rigs, or worse new scrypt asics from China that mined the crap out of this coin. Then they shilled, pumped, and seems now to be dumping the coin making $ millions of dollars in the process. It's horrible how many newbs were sucked into this ultra-scam coin. The sad thing is the same shills bash Quark or other coins saying these coins instamined. Quark had an instamine (if you want to call it that) over 3 months. Then the price dropped very low for 3+ months giving *anyone* the chance to buy. It was not even close to the scam that is dogecoin.
I know some legitimate GPU miners also made some BTC off dogecoin, which is great, but they are few and far between.
I guess all of this is somewhat good news for BTC/alt. It means it has matured and professional scammers have come to town, but everyone *please* be careful with future altcoins. Look at the fundamentals, premine, instamine, etc... before you start purchasing this $rap. If you don't you will be burned.
Nice arguments made there. Legit and valid... If u say dogecoin is scamcoin then with that logic all the cryptocoins are scamcoins excluding btc (maybe). And i am sure that you always speak fancy of you favourite coin (dont know what u are mining or have u bought) until u sell all of ur holding and start flaming again. Why dont u let ppl fall into the trap then? Are u jezus who will save the ppl from buyin dogecoin? Why bother posting for a crapcoin?
I personally know that all these up to now are scamcoins but time will tell. I ve found the one and only coin that will have some meaning in the future, but i wont share it with you. (ofc its not btc-ltc-doge)