Quote from: devphp on September 14, 2014, 05:56:15 PM

Quote from: niothor on September 14, 2014, 05:50:56 PM

As I said in my edit , the miners will soon receive a reward that is less and less in % compared to the total supply.
Meaning that the impact of mining on the coin price will be minimal.

What will happen then? A price rise? Why? Because the coins are harder to get?
There are a lot of examples who said this is not the case. What will doge build upon ?

Usage and community of course. That's why I'm seeing this as a pump and something temporary and I'm no inclined to buy more but neither to sell.

Miners have to run those ASICs for Litecoins or any other scrypt coin and merge mine Doges without wasting any additional power. Even if block reward is 1 doge per block, the hashrate will from now on be equal or very close to hashrate of Litecoin. Network is secured. Doge excels in everything else. The Gresham law will make miners hodl rising Doge and sell depreciating Litecoin.

Sure, this is a temporary pump, too fast and too violent, it will settle down somewhat and then resume.

EDIT: Hashrate is 695 GH/s now, Litecoin's is 800-850, so getting very close.

Are you blind?
If litecoin fails miners will have no incentive to run their rigs for 1 dogetoshi.
The network is by no means secure. It relies one the profitability of other coins. If those turn to dust so does doge mining and the network security.