Re: dogecoin LIED and created the illusion of popularity when no-one liked it
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.
STOP SPREADING FUD!!!
There was not instamine 12B coins in 3 days !!! Everybody even you can go and check this in blockchain.
It was about 2.5B coins in 3 days. There was not instamine.You are really retarded!!!
FUD? This was communicated in multiple bitcoin threads that it was 6.5%, 12Billion coins in 3 days. Supposedly multiple sources also confirmed this. I have not checked the blockchain but given the multiple discussions it seemed legit. Have you checked and verified the blockchain?? Would like to see proof before you go off calling FUD. Anyways, even if it is not 12B, 2.5B is still a huge number.
Proof is in blockchain. Dont you understand that?!?!?
2.5B is not huge number if you know that in first 66 days was mined about 50B coins.
And it is really funny that because this FUD was communicated in multiple threads than it is true.
Ok I just scanned the blockchain myself. It looks like you're right 3 days over 3B were mined (not 12B). I stand by my statement though that this is a huge number in a short time. The noobs sadly were suckered thinking 100k coin for <1BTC was a good deal.
About the 66 days thing @ 50B coin, I understand this is >50% of the total supply. That's kind of scary as well. Not sure where dogecoin is going w/ the rapid ramp.