You have to be really bearish on Bitcoin to think that a practically-identical joke currency will do better than something attracting venture capital. Nobody would trust a lolcat with their money much less a shibe.
Of course, if I'm wrong then I will definitely say 'wow'; also, 'so fail' and 'much humble pie'.
>Nobody would trust a lolcat with their money much less a shibe.
Don't get me wrong; I'm not saying Dogecoin will pivot into a serious currency. I'm talking strictly relative growth here, and BTC is currently over 1000x bigger.
I think it'll become a defacto tipping currency of the net, and there's plenty of room for the market cap to grow to support just that niche, if it goes relatively mainstream.
As far as VC money goes, the infrastructure that's being built will likely not remain Bitcoin exclusive, so I see it more as a rising tide lifting all boats.
Speaking of dogecoin, I want to pick up some dogecoin without any bitcoin on hand to trade and without elevating my risk to fraud any more than necessary. I realize there are forums and presumably faqs, possibly "the same way you'd pick up bitcoin," but what is the HN prescription to go about doing this? Given that it's relatively nascent, low turnover, goofy and so forth, I'm apprehensive when hearing "very coinbase, wow" elsewhere.
I also realize I should find something else to do, but... I love that friggin' dog.
Tl;dr this article neglects to mention the viability of dogecoin on 2014 due to idiots like me. It appears I'm not the only one..
Anyone selling dogecoin for Paypal is stupid, those tranactions can easily be reversed.
>you can use cpuminer to create some yourself.
Depends on how many you want, the dogecoin difficulty has really gone through the roof lately, and you are much much better off with a GPU. The Kh/s rating on most GPUs is much better.
The best Corei5 is going to get you about 1358 doge a day, with sounds like a lot, but it is a tiny number, 41 cents. Plus, the mining calculators are way way off. They always overestimate for me.
If you buy 1BTC from one of the established channels that you know, you can have a practically limitless supply of altcoins at cryptsy.com. That is assuming, you don't want more than 1BTC worth.
I got mine off of coins-e a couple of days ago without any issues. I heard if anything messes up, their customer service is pretty much non-exist, however. Apparently they went off a forked chain last week and I'm not sure if everyone recovered their funds from the mess.
But like others said - you can mine it with a normal (CPU/graphics card) hardware at the moment...
1.)cpu mine; i5 CPU gets about 60~80kh/s, which translates to around the same number of coincs per hour
2.)midrange gpus will get you a few hundred kh/s (e.g. my old ati 5770 gets around 150~200kh/s, without too much tweaking)
and assuming you don't want to do any mining at all:
3.)on reddit dogemarket, people are selling through paypal gifts etc in various amounts as small as a few dollars worth at a time, which is relatively low risk. of course, buyer beware and take a look at the community guidelines/suggestions for security.
Of course, if I'm wrong then I will definitely say 'wow'; also, 'so fail' and 'much humble pie'.