This is a post I made elsewhere touching on Dogeparty and what it means to Counterparty.

I am invested in Counterparty so when I look at Dogeparty, I look at it a bit differently that most people as my first thought is what effect will it have on Counterparty.

For Dogecoin I think Dogeparty is fantastic. Doge has a low hashing rate and the inflation makes it worse all the time. There was a figure out out recently that Doge could be 51% attacked at a cost of $450 for whoever pointed the hashing power at it and away from Bitcoin. Perhaps these features:

- Create coins
- Crowdfund
- Pay dividends to shareholders
- Decentralized exchange
- Peer-to-Peer betting (binary/cfd)

Will help spark additional interest in Doge and prevent such a low cost attack.

Doge has one of the most active and ingenious communities of any coin I think. Certainly in a sea of marketing terribleness, Doge did something new and exciting and they have continued to innovate and lead the way. Dogeparty is a natural extension of that and it will be a great fit.

I'm even more excited from the Counterparty side. I would be thrilled to see Counterparty forked and placed on all blockchains that wanted it. If I had to choose a blockchain to put a Counterparty clone on first, it would without a doubt be Doge.

There is little to no overlap of the Counterparty and Dogecoin communities. The very things that attracted early investors to both projects repulsed the other group because the projects were basically polar opposites. Now these two groups of early adopters are being brought together by technology. There will be much more crossover in the communities. More people will fully understand how awesome the Counterparty technology is, which is a big deal because explaining Counterparty to a Bitcoiner is similar to explaining Bitcoin to someone that has never heard of Bitcoin.

EDIT: All Counterparty clones are also really good for the main project. It is the very definition of free marketing. As people come to understand the technology better, they will invest/diversify into Counterparty. I see very, very little risk of current Counterparty community members pulling money out of Counterparty to invest in a clone that largely rides on the Counterparty devs to continue developing, on a blockchain that is less popular than Bitcoin. My hope is that soon every blockchain has Counterparty attached to it and the weird thing is blockchains that don't have Counterparty on them.