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From an article about the Bitcoin DDoS: "The value of most other Bitcoin variants has fallen, dragged down by the drop in Bitcoin itself. The one exception so far is Dogecoin, whose value has risen markedly. It's now the third most valuable cryptocurrency, after its value soared 27% in 24 hours."
1000 transactions per hour avg - Dogecoin is more than 10% in value compare to bitcoin - that means $1070 evaluation for the year of the Dogecoin!! It’s me jbeaupre87- I’m back and still on my quest for 1m Doge!
A guy in /r/bitcoin makes a post urging bitcoiners to rip apart dogecoin through some sort of mass hack/heist in order to increase bitcoin's overall value. The thread subsequently gets crossposted to /r/dogecoin, which is not happy about it at all.
What caused Bitcoin and Litecoin to go so high in value, and what can Dogecoin do to do the same?
I understand we have the ridiculous number of coins in comparison, but all I know is that Bitcoin started off really cheap, like Doge, and then it exploded to hundreds of dollars per coin. Litecoin did the same, though not quite as high. Still pretty high compared to Doge, though. So the question is, what did THEY do right, that we can try to make sure WE do?
does dogecoin have the potential to increase in value like bitcoin?
I mean if there are only a certain amount available even if the amount is 1000 times more than bitcoin, can't the value of of dogecoin rise once all the coins get bought up? I mean wouldn't that be the most ironic thing to happen as well? Because isn't this "crypto currency" just out to make fun of bitcoin?
Rough estimate: If Dogecoin were to this moment be as valuable as Bitcoin, 1 DOG = 0.00021 BTC ≈ 0.15 USD with a 33332% increase in value.
My math might be flawed so help me out here, but I've calculated that if Dogecoin were to instantly be as valuable as Bitcoin at the time of this post it would have a 1 USD to 7 Dogecoin exchange rate. The math here is very simple. I took the max potential Dogecoins and divided those by the max potential Bitcoins. I then took that number and divided it by the current value of 1 BTC to USD. 100,000,000,000 / 21,000,000 ≈ 4761.9 4761.9 / 680 ≈ 7 These same numbers will also show us that we will probably never see Dogecoin trading for more than 1 Doge to .00021 BTC on the exchanges. 21,000,000 / 100,000,000,000 = 0.00021 Lastly, we can also calculate how much growth Dogecoin will see if it were to grow to the same value as Bitcoin using today's Dogecoin to Bitcoin exchange rate and the 0.00021 exchange rate from above which show a 33332% increase in value. 0.00021 / .00000063 ≈ 333.32 x 100 = 33332% Please take note that these estimates are very simple and ignoring many other variables, but I just thought I'd share these calculations with everyone.
[WP]The American dollar, the rubel, and various other type currency loses their value. Bitcoin became the de facto currency but eventually collapses as well. DogeCoin is now the only functioning currency in the world.
Multi apartment clustered cryptocurrency mining rig
So you’ve probably just heard all your classes are online. And now you’re trying to sublet your apartment but no one’s gonna take it. So now you’re gonna be paying at least $1000/month for an empty apartment. I have a proposal that can reduce that cost and possibly turn a profit. Firstly, we have a very high risk credit market on our hands. The Federal Reserve has been pumping money into the economy and at some point the US dollar will have to inflate while growth stagnates (aka stagflation). During stagflationary periods in the past the price of non-fiat currencies like gold or silver has skyrocketed. Recently cryptocurrencies have emerged with the same general economic properties of such commodities. Therefore we may see an increase in their values as the Fed keeps pumping more money into the economy. As of now in order to generate enough money per month to pay off rent in South Campus Commons, each apartment would need a Bitcoin rig capable of generating ~2200 TH/s (since you don’t pay for electricity). For the Varsity and View this might have to be higher considering the cost of electricity. This is definitely possible with new ASIC chips that are solely built for the purpose of running Bitcoin hashing algorithms. For other cryptocurrencies (Ethereum, Litecoin, Dogecoin), these rates may be different. But like any good portfolio manager, diversifying our investments will ensure we have a profitable outcome. If enough students come together to construct a Bitcoin mining rig in their apartments we could essentially create a multi apartment clustered miner to be able to generate Bitcoin. On top of that, because campus server resources will be diminished due to online classes, we can in turn utilize that computing power to help mine such cryptocurrencies. As a result we won’t have to find people to sublet our apartments to and won’t have to worry about the financial undertakings associated with it. TL;DR: Corona collectively fucked everyone in the ass and we should build a massive Bitcoin rig to pay off our rent.
Dogecoin may be a joke but it is an interesting currency.
The founder of Dogecoin originally created the currency to satirize the cryptocurrency bubble and bitcoin myth at the time. The cryptocurrency has survived to this day with the help of both an active community and a meme. It has gained a lot of attention due to its listing on large exchanges as well as a viral TikTok video. However, this is not ideal. Most people enter cryptocurrencies to make monetary gains but in Dogecoin’s case this it is not as easy as it sounds and things can easily fall apart. The dangers of hype.
"Dogecoin is a combination of rebellion, satire and humor but excessive hype will eventually become a bubble.”
Some individuals will not deny that most people invest not for the technology but for the money. A TikTok video, as we’ve seen in Dogecoin’s case, can trigger a crazy price increase which is frustrating for some. The value of money is based on credit which comes from actual transactions and applications, not exchanges or wallets. If Dogecoin were to actually reach one dollar it would lead to a bubble to the tune of hundreds of billions of dollars. Our greed will create a great depression in cryptocurrency which is ironic in itself. It is the community’s hope that people refrain from buying the cryptocurrency because of the fantasies of a video and use Dogecoin to buy everyday items regardless of price. What should we do? If we want Dogecoin to become valuable we should not put it in a wallet or exchange but pay people Dogecoins for the purchase of everyday items. Additionally, you can use Dogecoin to support content creators, social projects, or even Nascar cars. Continuous investments in the real economy will introduce Dogecoin to the public and increase everyone's understanding of it. Highly decentralized and active physical payments will gradually make Dogecoin more valuable and stable. Supporting your currency developers or experimental projects are also helpful to the entire cryptocurrency field. Although these suggestions are both legitimate and for fun, these are personal suggestions. Most of these, except for the jokes, are in the hopes that more people will use Dogecoin for physical transactions. It is possible to achieve decentralization rather than creating bubbles or speculation. Conclusion Dogecoin is a very interesting case and is also a mainstream currency that is the easiest to introduce to the public. Compared with other currencies Dogecoin’s price stability is due to its physical payment advantages. However, like other cryptocurrencies, it is based on faith rather than treating it as a currency. By implementing some changes, we can change this market slightly and move towards a more diverse and vast world. If you like this article, you can send Dogecoin to this QR code
This information explains the information regarding the puzzles that could be helpful to those trying to solve them. It also explains how you can support the puzzles. It will be updated regularly. How do the puzzles work? The idea is I write short stories/themes that contain all the seed words. These are hidden in the story in a variety of ways (codes, numbers, plain sight, riddles, clues, etc etc), this is likely to get more complicated as time goes on but for now is remaining relatively simple. I think I will also be adding brain teasers that will be significantly easier with much lower prizes. For these rather than making a wallet, I will operate by sending dogecoins to the first correct comment (with a bonus if the winner explains their method to find the answer) How often will you post puzzles? I'll be posting these as soon as they've been created and checked. Even if the previous one has not been solved I will be posting new ones. I will leave about a month between posting, so people don't find themselves flicking between puzzles but after a month if its ready, a new one will be uploaded. By having multiple puzzles here to be attempted, I am hoping people will be encouraged as theres more opportunities to win. I think I might post easier brain teasers with small prizes (around the 50 doge mark) just to encourage participation. This all seems a bit chaotic, is there no organisation system? I have used flairs to organise, 'puzzle', 'clue' and eventually 'solution' once they're solved. I'm still learning how to organise things on reddit but I assure you, it will be done. How will puzzles be funded? The first one has been funded through /dogecoinbeg and my own private funds, I am hoping for donations once I've published a few puzzles to help me fund future ones. I also use faucets to fund them. If you want to support my puzzles without donating, I would highly appreciate you using my referral links which I will publish below. How do we know this isn't a scam? Part of the reason I'm planning on keeping puzzle prizes low for the time being is so people aren't afraid to donate ie the value is too low to be worth scamming for. Also, creative writing is the highest effort way of scamming I can possibly think of. Can I support without donating? Absolutely yes! Liking, commenting and sharing are the best ways to show support. I want to grow a puzzle community on here and the only way I can do that is with the support of you guys! Also, feedback. Whether in comments or private messages I will respond to any feedback and suggestions. How do you decide how much the prize is? It will be based on difficulty level, once I've worked out how to gauge that. Will prizes always be in dogecoin? No, probably not. I am planning on a puzzle with a bitcoin prize but that will be significantly more difficult. Dogecoin puzzles I am creating because I enjoy it and I think dogecoin is painfully underrated (Lets be real, its v fast and its got doge in the name, says it all really) Referral links (All of these are linked to my personal doge wallet which will fund puzzles): Cointiply - this is a website and android app faucet. You earn coins through the hourly free coin spin, watching ads and completing surveys and can withdraw in either doge or bitcoin. I personally have been withdrawing in bitcoin to convert to dogecoin. This has a generous referral scheme in which I receive 25% of earnings from spins. This is my main faucet so anyone using this is definitely contributing to puzzle prize funds :DMobile referral link https://cointiply.mobi/21muWebsite referral link http://cointiply.com/kVPK6 Moondoge - the moon faucets are pretty popular, you just click whenever you want and the coins go to you coinpot wallet, I get a 1% referral bonus per person that signs up so thats again, pretty good to earn to fund my puzzlesReferral link http://moondoge.co.in/?ref=D941AC8F3D5A The crypto faucet - one click a day earns between 0.3 to 600 dogecoins and can withdraw at 10 dogecoins. Using my referral earns the prize fund 50% of whatever you earn. https://www.thecryptofaucet.com/?r=67361 Resources to help you crack puzzles: This list will basically contain sites that I've either used to help code things and sites I've used when trying to break my codes from scratch (when trying to think like someone who hasn't seen it before). Decoding - https://cryptii.com
Electronic payment methods other than PayPal G&S are now banned.
April 2020 Update: With the new bot in place, users with **more than 10 trades** can use EMT, Bitcoin, etc. This number is subject to change as we refine the rules. --- Hello folks! We've seen a bit of an uptick in high-dollar-value scams in the last few weeks. Almost every single one has a common feature: The scammer wants to be paid via something other than PayPal Goods and Services (usually EMT). This is because PayPal G&S is currently the only electronic payment method in Canada with even somewhat reliable transaction reversals in the case of scams. As such, we're following /hardwareswap's lead and banning all electronic payment methods other than PayPal Goods and Services. This includes PayPal Friends and Family, EMT/Etransfer, dogecoin, rare memes, etc. The only exception to this rule is cash for local deals. You can consider this a trial rule - we'll see how it goes, and we can make adjustments as necessary. When we finally get the confirmed trades bot up and going (sorry, been a busy few weeks for me) we may look into relaxing this rule for users with significant rep. If you see posts (created after this one) that break this rule please report them! We wont be banning users for not seeing the new rules or anything, but we will remove posts and encourage users to repost with correct payment info. If a user who said they'd accept PayPal G&S tries to convince you to accept something else over PMs, report it immediately! It's almost certainly a scam. Best, Your friendly neighborhood neighbourhood /canadianhardwareswap mod team
Why libertarians should transact in cryptocurrency - DITCH THE FED DOLLAR!
Let's start with some of the more insidious controls the state has put on Americans. Specifically, KYC/AML, suspicious transactions reporting, income reporting, and investing. KYC/AML is prevented entirely when both parties, and all parties they transact with do their transactions in peer to peer transactions. People who deal with both dollars and cryptocurrencies are edge nodes in a crypto economy, and they are subject to kyc/aml. However people who deal purely in cryptocurrency are able to completely escape kyc/aml, because they never interact with an entity that has kyc/aml requirements. Suspicious activity reporting is when an american takes any action outside of the ordinary. Move 5,000 to buy a car? Suspicion activity report. Give your girlfriend 1,000 when she takes home a bimonthly paycheck of 1200? Suspicious activity report. The banks are bound by federal law to make these reports, and they go towards assisting the IRS. They also increase your chance of audit by the IRS. This reporting is insidious, because most Americans don't realize it, or even interact with it. It is data theft. Income reporting is also insidious. It is insidious, because if you don't tattle on your employee to the IRS about how much your employee made, you are legally liable. Transacting in cryptocurrency or shares instead of normal dollars makes this incredibly painful for an IRS agent to decipher, let alone understand. For example, let's say I were paid in dogecoin, and then I used my dogecoin to buy monero (which completely obscures even on chain analysis), and then I bought bitcoin and used that to buy groceries, the IRS agent investigating that string of transactions would be pulling blanks especially if I cashed out at a later date to dollars. This isn't intentional tax evasion here. It is simply the nature of cryptocurrencies to be resistant to analysis by the fed. The opportunity cost to audit people goes up by an order of magnitude when they are transacting in crypto. Investing is another part of where the federal government has impinged upon the rights of Americans. If you are not a qualified investor, brokers are FORBIDDEN to allow you to buy shares of startups that are not publicly listed. qualified investors (either independently wealthy, or making a large income) are allowed to buy shares of those startups. Startups are risky but extremely profitable investments. An investor can mitigate that risk by doing due diligence, but the average american wage slave is never given the opportunity to do so. Blockchain ICOs allowed people to get around this in 2017, and as a result many millionaires were made. The american government clamped down on this by suing people offering icos as unregistered securities, but a savvy investor can still get exposure to icos even to this day by rebuying the coins on secondary markets, or by lying about their country of origin. The second is unethical, but even with the first option, you have a good opportunity to 10x your money if you play your cards right and invest wisely. In addition to all of the above, there is DEFI. DEFI (short for decentralized finance) is a series of smart contracts and financial tools that are run on the blockchain only. They don't report to the government, they don't report to banks, and they don't keep records on your activity. In short, DEFI is the strongest tool in the libertarians financial toolset for deconstructing the government. Defi is mostly run on the ethereum blockchain (part of why ethereum is an insanely good crypto) DEFI Links: https://oasis.app/ https://uniswap.exchange/swap https://medium.com/kyberswap/getting-started-on-ethereum-with-kyberswap-60b3951bd74 Even if you an 80 year old who hates technology and cannot get a handle on defi (I admit it is complex and a hassle) simply buying bitcoin and holding it for your children is a very good way to withdraw your trust from the inflationary measures of the federal reserve. By buying bitcoin, you are anchoring your value to a cryptocurrency that will never have more than 21 million units, is infinitely divisible, and is so secure that the cia hasn't been able to reverse a single transaction, despite having attempted to do so for years. Bitcoin is the perfect medium for defunding the united states government. The same can be said for ethereum, but it has more complex economics involved. (both will perform well when we get inflation though) EDIT: By destroying the underlying structures of the Federal government's power, you degrade their power. Take away kyc/aml, suspicious activity reports, and income reporting, and their ability to fight their drug war, meddle with free trade, ban transactions, and censor transactions to foreign countries is curtailed.
Dogecoin, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, Dogecoin can hope for one as well. With the latest development in the world and the impending worldwide economic crash, bitcoin failed to decouple itself from traditional markets and lost 40% in one day. Get live charts for Dogecoin in Bitcoin. Convert Dogecoin (DOGE) to Bitcoin (BTC). Part 3: Derivatives volume declining, open interest on the rise, tokens defi-ying the odds & more! Grab our FULL Q2 2020 Cryptocurrency Report Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. Currency Converter by Date - Historical Exchange Rate Graph of change in 1 Dogecoin to Bitcoin. Changes in the value of 1 Dogecoin in Bitcoin. For the week (7 days) Date Day 1 DOGE to BTC Changes Changes % July 14, 2020: Tuesday: 0.000000348 BTC: 0.000000005: 1.417 %: July 15, 2020: Wednesday: Dogecoin is a cryptocurrency that was created as a joke — its name is a reference to a popular Internet meme. It shares many features with Litecoin. However, unlike Litecoin, there is no hard cap on the number of Dogecoins that can be produced.
Dogecoin to $1?? How Likely Is This?? #DogecoinChallenge
Bitcoin, Dogecoin and Other Cryptocurrencies as Fast As Possible - Duration: 4:37. Techquickie 270,803 views. 4:37. Dogecoin news and technical analysis ... Bitcoin Price and Dow Jones Price analysis. Find out in todays video! Today i discuss Stock MArket News, Crypto News, as well as conducting some BTC Bitcoin Price Analysis, Eth Price Analysis ... Dogecoin is the latest currency that is rapidly increasing in value. Is this sustainable or will this come back down as fast as it came up? ... How To Earn Bitcoin, Litecoin, Dogecoin and Dash ... If Dogecoin made it to $1 it would become more valuable than Bitcoin which currently has a market cap of a little under 120B. So the odds of it ever reaching $1 is very unlikely unless enough ... The first legit 2020 Bitcoin,Dogecoin.....free 2750Gh/s speed mining site for every devices ... Dogecoin Price Prediction, DOGE Surprisingly bullish ! - Duration: 11:42. ... Earn 😲 Free ...