dogecoin

[Sable]

i bought in at 49. oh yeah. anyone else into dogecoin?

[Herzinth]

It's the next Fonzy scam, man. Get out while you still can.

[Cpt Toellner]

So many people talk about this, what the fuck is this?

[Jorick]

Blitzkrieg said
So many people talk about this, what the fuck is this?

Bitcoin's retarded cousin.

[mdk]

Blitzkrieg said
So many people talk about this, what the fuck is this?

It's BitCoin, only Doge.

[Cpt Toellner]

And BitCoin is?

Like seriously guys, I came a town with a population of 23, some things I just dont know.

[mdk]

Blitzkrieg said
And BitCoin is?Like seriously guys, I came a town with a population of 23, some things I just dont know.

It's like currency, only the rules are made up and the points don't matter.

[Kaga]

Blitzkrieg said
And BitCoin is?Like seriously guys, I came a town with a population of 23, some things I just dont know.

BitCoin is an electronic form of currency. It's not backed by any government - just something some people thought up and decided it would be worth actual money. So it's only valuable because people decide it is and choose to go along with the notion that it has value. Oh and, yeah, you can actually buy things with it.

And then once BitCoin started to get around people started making their own forms of electronic currency, like DogeCoin... which is based off of a meme... and it's worth actual money... just because the internet says so.

It's kind of a terrifying insight into the nature of currency.

[Jorick]

Blitzkrieg said
And BitCoin is?Like seriously guys, I came a town with a population of 23, some things I just dont know.

Y'know how shit like Paypal works by putting money into an electronic format? Bitcoin and Dogecoin and such are like that, with a bunch of complicated crap added on with the goal being to have a secure and decentralized economy that isn't controlled by any government.

[Cpt Toellner]

Thank you internet friends.

[NotAMouse]

mdk said
It's like currency, only the rules are made up and the points don't matter.

[Kaga]

Jorick said
Y'know how shit like Paypal works by putting money into an electronic format? Bitcoin and Dogecoin and such are like that, with a bunch of complicated crap added on with the goal being to have a secure and decentralized economy that isn't controlled by any government.

Now see, here's what I don't get.

A lot of people would say that they don't trust the government with their money.

...But would you really trust the collective minds of the internet more?

[mdk]

Kaga said
Now see, here's what I don't get.A lot of people would say that they don't trust the government with their money....But would you really trust the collective minds of the internet more?

I suspect it's only really popular because it puts a degree of separation between the user and the Federal Reserve.

But yes. You make more money trading on the NYSE than you do buying federal bonds. Anarchy can be very profitable.

[BrobyDDark]

Kaga said
BitCoin is an electronic form of currency. It's not backed by any government - just something some people thought up and decided it would be worth actual money. So it's only valuable because people decide it is and choose to go along with the notion that it has value. Oh and, yeah, you can actually buy things with it.And then once BitCoin started to get around people started making their own forms of electronic currency, like DogeCoin... which is based off of a meme... and it's worth actual money... just because the internet says so.It's kind of a terrifying insight into the nature of currency.

Only DogeCoin is worth a whole lot less than any other CyberCurrency.

[TunaticTyler]

Kaga said
Now see, here's what I don't get.A lot of people would say that they don't trust the government with their money....But would you really trust the collective minds of the internet more?

Pick your poison, overused memes and pastel-colored horses or corrupted, snickering politicians with top hats and monocles.

[mdk]

BrobyDDark said
Only DogeCoin is worth a whole lot less than any other CyberCurrency.

Low value means higher potential for growth. BUY LOW SELL MEDIUM!

[Jorick]

Kaga said
Now see, here's what I don't get.A lot of people would say that they don't trust the government with their money....But would you really trust the collective minds of the internet more?

Because it's supposed to be maintained by many mutually distrustful parties that are on an equal footing rather than a government controlling things with the average money-carrying person having no say in it. People don't want to get fucked over, so they're all keeping an eye on things (bitcoin "mining" has something to do with this, but I have no idea how it works exactly) to make sure nothing screwy is going on. Plus there's a maximum amount of bitcoins (and I think all other cryptocurrencies too) that can be in existence at one time, so inflation is supposedly not a concern like it is with paper currency. Then there's also the part about how it's supposed to be nearly impossible to counterfeit these currencies, which is I guess another draw.

Supposedly Bitcoin and other cryptocurrencies are far more secure than currencies controlled by governments, so that'd be why a lot of people like them. Also the pure fact of them not being controlled by a government would be a draw for lots of people, even if it were advertised as being just equally secure and reliable.

[Herzinth]

Well considering BitCoins are thousands of dollar right now (I think), you kinda have to go with a less valuable one if your a smuck like us.

[natsumehack]

TunaticTyler said
Pick your poison, overused memes and pastel-colored horses or corrupted, snickering politicians with top hats and monocles.

So when is ponycoin?

[natsumehack]

TunaticTyler said
Pick your poison, overused memes and pastel-colored horses or corrupted, snickering politicians with top hats and monocles.

So when is ponycoin?