Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Stompix on March 10, 2024, 02:45:08 PM
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I've seen that there is a trend around the forum labeling Dogecoin as a meme coin, something that has not other meaning that being an object of Musk's tweeting material, that is has no "good project" whatever that means, so, it's time for a reality check:
1) Dogecoin is one of the most used coins out there, in number of transactions per day it goes most of the times beyond what Bitcoin and Ethereum combined have
(https://www.talkimg.com/images/2024/03/10/y94cb.png)
2) Despite the volume it's one of the cheapest and fastest coin to transfers value with looking at the last 24 hours average fees:
Bitcoin Avg. Transaction Fee 0.00011 BTC ($7.74)
Ethereum Avg. Transaction Fee 0.006 ETH ($23.41)
Dogecoin Avg. Transaction Fee 0.157 DOGE ($0.027)
Yeah, that's 2 cents on averge!
3) It's one of the most used coins and one of the few that are present in most Bitcoin ATMS:
25% of all ATMs suport Dogecoin, only 10% support Tether:
(https://www.talkimg.com/images/2024/03/10/y9WhP.png)
4) Want to buy something, then dogecoin is the choice, let's look at the major processors:
https://support.bitpay.com/hc/en-us/articles/203411543-What-currencies-can-I-use-to-pay-a-BitPay-invoice
We support payment in the following cryptocurrencies:
- Bitcoin (BTC: on-chain, off-chain with Coinbase, and Lightning)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Wrapped Bitcoin (WBTC)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Shiba Inu Coin (SHIB)
- Apecoin (APE)
- 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD)
- Euro Coin (EUROC) I A Euro-Backed Stablecoin
- Polygon (MATIC)
The memecoin is there, the "good projects" are weirdly not listed /s
Let's look at Coinbase commerce:
https://www.coinbase.com/commerce/faq
We currently support ApeCoin, Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether and USD Coin.
We also support MATIC, USD Coin, and Wrapped Ether (WETH) on Polygon.
Again doge, but a lot of "good projects" are again missing!
5) You want to play in a casino, well the meme coin is definetly there, just an example:
https://help.stake.com/en/articles/7980790-acceptable-networks-for-cryptocurrencies
or sportsbet
https://sportsbet.io/help-centre/help-payments/help-payments-using-crypto/what-cryptocurrencies-do-you-support
We support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Tron (TRX), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Binance Coin (BNB), USD Coin (USDC), Polygon (MATIC) and The Open Network (TON).
Again doge is there!
6) Social media?
Top crypto reddit forums:
Subreddit Rank by Size Community Size
r/CryptoCurrency 1 6.5 million
r/Bitcoin (BTC) 2 5.5 million
r/ethereum (ETH) 3/4 2.3 million
r/ethtrader (ETH) 3/4 2.3 million
r/dogecoin (DOGE) 5 2.2 million
~
r/cardano (ADA) 12 689k
~
r/solana (SOL) 25 160k
~
r/algorand (ALGO) 39 76.4k
So stop treating one of the most used, most accepted and with biggest social media presence coin as a meme coin!
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I preach to the choir on and on and on about doge.
STILL mining it as I type.
I LOVE DOGE long term.
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Doge wasn't considered memecoin when it started. Its just Elon that brands it.
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I preach to the choir on and on and on about doge.
STILL mining it as I type.
I LOVE DOGE long term.
Doge is a good coin without any doubt, it has been around for many years and it will continue to be on the top list of coins that we have.
I'm very sure that this bull run Doge can have another price upward rally which will be very intense. This bull run altcoins can go with highest intensity.
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2) Despite the volume it's one of the cheapest and fastest coin to transfers value with looking at the last 24 hours average fees:
Bitcoin Avg. Transaction Fee 0.00011 BTC ($7.74)
Ethereum Avg. Transaction Fee 0.006 ETH ($23.41)
Dogecoin Avg. Transaction Fee 0.157 DOGE ($0.027)
Yeah, that's 2 cents on averge!
This is not what most people in crypto does not understand or denied to understand at all, for how many years now that I am using dogecoin specially when in terms of gambling because this is my favorite gambling currency.
the so cheap fee that made me hate bitcoin and ethereum for some years now.
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Doge wasn't considered memecoin when it started. Its just Elon that brands it.
Actually at the start it was pure meme material:
https://bitcointalk.org/index.php?topic=361813.0
This was the top of the announcement when it was launched
(https://www.talkimg.com/images/2024/03/14/JdJSZ.png)
The thing is that by the time Musk heard of it it was already past meme material.
This is not what most people in crypto does not understand or denied to understand at all,
Most people in crypto just buy coins on exchanges and that's it, they don't use them and never plan on, they think of just cashing out during a pump, that's why they can't see the real world utility and are stuck with "good project" shitcoins. They need a shiny roadmap they can't understand at all, twitter activity, eventually free coins, and there you go, "good project", while they ignore their good project is used by 100 people a day while doge has millions.
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This is not what most people in crypto does not understand or denied to understand at all,
Most people in crypto just buy coins on exchanges and that's it, they don't use them and never plan on, they think of just cashing out during a pump, that's why they can't see the real world utility and are stuck with "good project" shitcoins. They need a shiny roadmap they can't understand at all, twitter activity, eventually free coins, and there you go, "good project", while they ignore their good project is used by 100 people a day while doge has millions.
Yeah though we cannot deny the fact that those people are no plans of using crypto instead they are here for what they hear or read that this is a money making market and just buying and selling.
but if they will just put some interest in learning they will find more valuable wayof dealing in crypto than just buying and selling.
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Doge wasn't considered memecoin when it started. Its just Elon that brands it.
Actually at the start it was pure meme material:
https://bitcointalk.org/index.php?topic=361813.0
This was the top of the announcement when it was launched
(https://www.talkimg.com/images/2024/03/14/JdJSZ.png)
The thing is that by the time Musk heard of it it was already past meme material.
This is not what most people in crypto does not understand or denied to understand at all,
Most people in crypto just buy coins on exchanges and that's it, they don't use them and never plan on, they think of just cashing out during a pump, that's why they can't see the real world utility and are stuck with "good project" shitcoins. They need a shiny roadmap they can't understand at all, twitter activity, eventually free coins, and there you go, "good project", while they ignore their good project is used by 100 people a day while doge has millions.
yeah they designed doge to be a godlike pow coin by merge mining it with scrypt. then they launched like a meme to trick people into not mining it in the beginning.
I only wish I was born in 1997 not 1957 as I would stack and hodl doge for the next 20 years and make a fortune on it.
doge is the future of pow. mark these words
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yeah they designed doge to be a godlike pow coin by merge mining it with scrypt. then they launched like a meme to trick people into not mining it in the beginning.
I don't think in the beginning anyone was serious about it, not even the developer himself.
Probably it was timing, chance, the right news, and the perfect spread of word that made it famous and then the realization that a simplistic design totally works, doge nailed the userbase before coming up with anything shiny, once you have a ton dedicated users and fans 99% of the job is done.That's why some other coins that rely just on whitepapers and roadmaps will never get above the 1%.
doge is the future of pow. mark these words
Unfortunately, there are just a pow coins few left so apart from Bitcoin there is little competition, in terms of daily reward it's just bch,ltc and etc that still matter, even Monero is a shade of itself, not really a hard task for doge to be on the top spot.
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I preach to the choir on and on and on about doge.
STILL mining it as I type.
I LOVE DOGE long term.
Doge is a good coin without any doubt, it has been around for many years and it will continue to be on the top list of coins that we have.
I'm very sure that this bull run Doge can have another price upward rally which will be very intense. This bull run altcoins can go with highest intensity.
You are not wrong because the ranking at CMC is also quite good and Doge is the best meme coin to date and no one will be able to compete. But it will indeed be difficult to increase the price if the doge supply is too much and that is a natural thing, and will not cause the, doge to be neglected even if the price is difficult to increase sharply.
In the past, several times it has increased due to encouragement from Bitcoin and not because of the ability of Doge himself.
When the bullish season comes, it is certain that dog will also increase, and it is not impossible that it will be able to create a surprise for the renewable ATH, and those who keep it will get blessings from this increase.
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In the past, several times it has increased due to encouragement from Bitcoin and not because of the ability of Doge himself.
Well, Bitcoin will always be on the top, and all altcoins will need its support to grow in value. That's what has happened in past and that's also going to happen in future.
Bitcoin will always be the one that will take other coins with it, but once they are pushed by it then they'll do the rest on their own.
Doge is a good meme coins but these days there are so many rug-pulls in the meme space and that's why the ones who invest in meme coins may get rugged.
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You are not wrong because the ranking at CMC is also quite good and Doge is the best meme coin to date and no one will be able to compete.
Well, the purpose of this topic was to stop poeple calling it meme coin but ...no success yet!
In the past, several times it has increased due to encouragement from Bitcoin and not because of the ability of Doge himself.
Look at those rankings from 2014 and 2017
https://coinmarketcap.com/historical/20140202/
https://coinmarketcap.com/historical/20170205/
90% of the coins there are done and forgotten, yet doge is still there, doesn't this show the fact that it survived on it's own and it's own capabilities, completely ignoring that musk wasn't there most of the time?
Doge is a good meme coins but these days there are so many rug-pulls in the meme space and that's why the ones who invest in meme coins may get rugged.
Which makes the original even better 8)
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You are not wrong because the ranking at CMC is also quite good and Doge is the best meme coin to date and no one will be able to compete.
Well, the purpose of this topic was to stop poeple calling it meme coin but ...no success yet!
In the past, several times it has increased due to encouragement from Bitcoin and not because of the ability of Doge himself.
Well it is a POW hybrid with LTC it is godlike in long term mining ability.
And it started as a meme.
Most people are clueless as to POS = piece of shit
while POW = proof of work.
They have no understanding of the value of mining they just want a 1/10 of a penny coin to become 1 dollar so they get 1000x their money.
But I continue to mine my dog and ltc and whale away. maybe it is better they don't understand .
Look at those rankings from 2014 and 2017
https://coinmarketcap.com/historical/20140202/
https://coinmarketcap.com/historical/20170205/
90% of the coins there are done and forgotten, yet doge is still there, doesn't this show the fact that it survived on it's own and it's own capabilities, completely ignoring that musk wasn't there most of the time?
Doge is a good meme coins but these days there are so many rug-pulls in the meme space and that's why the ones who invest in meme coins may get rugged.
Which makes the original even better 8)
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But for me. Doge is still doge as meme coin, precisely because Doge is a meme coin, that's what makes Doge special. Because it was the pioneer of meme coin and until now it has become the main meme coin. You can't separate Doge and meme coin, you can't replace it with words related to Musk. In fact, it is much broader than the Musk project. Because basically, Dogecoin has its own characteristics to be used as a transaction tool, one of them. and also as a meme coin which is the most important and trendsetter.
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But for me. Doge is still doge as meme coin, precisely because Doge is a meme coin, that's what makes Doge special. Because it was the pioneer of meme coin and until now it has become the main meme coin. You can't separate Doge and meme coin, you can't replace it with words related to Musk. In fact, it is much broader than the Musk project. Because basically, Dogecoin has its own characteristics to be used as a transaction tool, one of them. and also as a meme coin which is the most important and trendsetter.
That's right, Doge is very special because Doge is the pioneer of all the meme coins that currently exist. Imagine that previously Dogecoin didn't have many fans until Elon Musk started giving full support to Dogecoin and made the price rise to very expensive. From there, it finally made many developers create memes. coin that has the Doge logo on it.
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In fact, it is much broader than the Musk project.
It has always been!
Because basically, Dogecoin has its own characteristics to be used as a transaction tool, one of them. and also as a meme coin which is the most important and trendsetter.
Dogecoin has all the characteristics of Bitcoin except the supply change, which is an infinitesimal increase compared to all the coins already minted.
Completely different for other meme coins doge has 99% usage and 1% things about meme, the other coins are all about trends, they have zero whatsoever daily life use, dogecoin is accepted everywhere and nobody laughs at getting paid in doge. Do that with puppydogmilkconfetti token!
That's right, Doge is very special because Doge is the pioneer of all the meme coins that currently exist. Imagine that previously Dogecoin didn't have many fans until Elon Musk started giving full support to Dogecoin and made the price rise to very expensive.
Not true!
Musk's first tweet about dogecoin was in 2019, dogecoin has always been a top 20 coins even before that:
https://coinmarketcap.com/historical/20170101/
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In fact, it is much broader than the Musk project.
It has always been!
Because basically, Dogecoin has its own characteristics to be used as a transaction tool, one of them. and also as a meme coin which is the most important and trendsetter.
Dogecoin has all the characteristics of Bitcoin except the supply change, which is an infinitesimal increase compared to all the coins already minted.
Completely different for other meme coins doge has 99% usage and 1% things about meme, the other coins are all about trends, they have zero whatsoever daily life use, dogecoin is accepted everywhere and nobody laughs at getting paid in doge. Do that with puppydogmilkconfetti token!
That's right, Doge is very special because Doge is the pioneer of all the meme coins that currently exist. Imagine that previously Dogecoin didn't have many fans until Elon Musk started giving full support to Dogecoin and made the price rise to very expensive.
Not true!
Musk's first tweet about dogecoin was in 2019, dogecoin has always been a top 20 coins even before that:
https://coinmarketcap.com/historical/20170101/
Still mining it. I think it is the best coin for long term mining.
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Still mining it. I think it is the best coin for long term mining.
Your decision to continue mining is quite correct, if you get a place to do mining for free then you can make the best use of it, I mean free costs when you work in an office and you have full access to the server room then you can take advantage everyone in the room was mining, including mining for free.