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I disagree. Dogecoin has the backing of one of the strongest communities on the internet. It's quite feasible to see it as a virtual currency used to pay for on
by amark 13y ago
I disagree. Dogecoin has the backing of one of the strongest communities on the internet. It's quite feasible to see it as a virtual currency used to pay for online goods, such as karma, games, or media.
It's friendliness means it may be adopted by the majority of consumers, who are scared off by the volatility and high price of bitcoins.
What needs to happen? First, it needs to distance itself from the meme part of it, and just become the standard fun, digital currency. Second, the barriers to entry need to be reduced. That means buying DOGE with USD instead of bitcoins, and easy online wallets. Finally, it needs uses, the most likely to happen are inter-app payments, such as over reddit or imgur.
- L_Rahman 13y agoI believe you meant "intra" app payments rather than "inter".
- amark 13y agoYes.
- grey-area 13y agoDogecoin is a joke, not a currency (a good joke, but a joke nonetheless), it is not the official reddit currency, that would be reddit gold.
- Kalium 13y agoReddit gold is a product or service, not a currency. You cannot trade it.