Quote from: Spoetnik on August 06, 2014, 09:54:57 PM

Quote from: lynn_402 on August 06, 2014, 03:18:13 PM

Quote from: TheJohn on August 06, 2014, 03:02:59 PM

We just have to wait for the merge mining thing for dogecoin, im sure the price would go up!!!

Maybe, since it's network will be secured

The switch will happen considerably earlier than the next halving, so perhaps we can expect it to happen in two weeks.

it's worth mentioning that security has not been something the Doge fan base have been clamoring for..
and in reality is will not make the coin look more attractive to investors.. it still looks as bad as it did before.
you need to get new guys into it and that is not going to help.

what the merged mining has done is gotten more potential miners getting Doge and these guys are not your dedicated miner supporters
they are Dumpers.. so think about it.
Since when does adding a lot of dumpers to a coin help the price ?
They don't want the coin (merged miners)

going back i think this coin was toxic and cancerous to crypto and now we all sit in a position wondering if it can be "fixed"
i think the general public decided long ago to just go with a serious coin with lots more features etc.

Actually you are correct in this, it's a bandaid patch that will cause even further decline in price for Dogecoin until it eventually hits 0.

Dogecoin has 5% of inflation a year forever through POW mining and 95% of miners dump their coins. 5% is enough to drop the price by 20-30% but over a long period once it starts to drop, people begin to panic sell and increases the rate at which value is sucked out of the coin.

Both coins are now more profitable to mine and not everyone will agree to it so I wouldn't be surprised if the decision ends up splitting the network.