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Author Topic: Doge to a Dollar  (Read 6810 times)

Chan

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Re: Doge to a Dollar
« Reply #30 on: April 28, 2021, 08:45:20 AM »

Admin

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Re: Doge to a Dollar
« Reply #31 on: April 28, 2021, 10:20:06 AM »
I have to be careful about what I say here...

-Satoshi Nakamoto

Admin

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Re: Doge to a Dollar
« Reply #32 on: April 29, 2021, 06:06:17 AM »


Contrails or a good fit?


PonoBill

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Re: Doge to a Dollar
« Reply #33 on: May 10, 2021, 11:12:57 AM »
Wow, it's certainly getting weird out there. Doge to the moon?? I assume Chan is still hodeling.
Foote 10'4X34", SIC 17.5 V1 hollow and an EPS one in Hood River. Foote 9'0" x 31", L41 8'8", 18' Speedboard, etc. etc.

surfcowboy

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Re: Doge to a Dollar
« Reply #34 on: May 10, 2021, 12:57:01 PM »
Go check the price graph during the SNL episode. There are moments on a comedy show that tanked a currency. Now, read that sentence again lol.

Chan

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Re: Doge to a Dollar
« Reply #35 on: May 10, 2021, 04:46:05 PM »
Turns out hodling is not my best skill.  I'm still watching it and considering getting back in.  I think dogecoin will go to $1 at some point.  Once the crypto market stabilizes I'll start using my doge$ for everyday purchases.  It's been an interesting phenomena to be involved in.

Chan

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Re: Doge to a Dollar
« Reply #36 on: May 10, 2021, 04:49:44 PM »
I talked myself back in.  Take it to the moon Musk!

Admin

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Re: Doge to a Dollar
« Reply #37 on: May 10, 2021, 05:00:52 PM »
Doge is better than bitcoin but still slow as a doge.  Decentralization and a public ledger is great, but it super inefficient and slow.  So, as alternatives and solutions come on line things speed up a little but at the expense of decentralization, etc.  If the public wants it to work, it will be made to work.  How it looks at that point is anyone's guess.

So, if every American adopts Bitcoin, each person will be able to complete 1 transfer every 954 days (2 and 1/2 years) on the Bitcoin network.

If everyone in the world wants to use Bitcoin, they will be able to complete 1 transfer every 22,424 days or 1 transaction per 1 person in 61 years.

As Dogecoin is 10 times faster than Bitcoin, if every American starts using Doge, the limit is 1 transfer per 1 person in 95 days or 3 months.

https://provscons.com/is-dogecoin-faster-than-bitcoin/#:~:text=However%2C%20due%20to%20network%20propagation,process%2040%20transactions%20per%20second.
« Last Edit: May 10, 2021, 05:04:52 PM by Admin »

PonoBill

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Re: Doge to a Dollar
« Reply #38 on: May 10, 2021, 10:31:57 PM »
I talked myself back in.  Take it to the moon Musk!

Gee, so it might double. That would be exciting.

With distributed ledger crypto no significant number of people are going to use it for legitimate transactions. It would be quicker to fly to China and pay with rolls of pennies. I used to think DNS propagated slowly. With all the horseshit people tack on to ledger data you're soon going to have to move terabytes to buy anything.
Foote 10'4X34", SIC 17.5 V1 hollow and an EPS one in Hood River. Foote 9'0" x 31", L41 8'8", 18' Speedboard, etc. etc.

Chan

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Re: Doge to a Dollar
« Reply #39 on: May 11, 2021, 06:52:07 AM »
That's 2020 talk PonoBill.  100% is a great return for 2021.  The overall crypto market has skyrocketed to 2.5 Trillion.  I think there is sufficient interest to develop blockchain technology that will accommodate the volume. 

PonoBill

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Re: Doge to a Dollar
« Reply #40 on: May 11, 2021, 08:20:32 AM »
Oh, for the salad days of 2020.

I don't have any idea what that will look like. The problem of a representative currency with stated value has never been solved previously. It's always subject to counterfeiting. A distributed ledger prevents duplication but requires exchanges, which enables theft or moving distributed data which grows exponentially. If a problem can be stated it is solvable, but that means the problem of how to counterfeit, hack, steal or launder is also solvable.

No doubt crypto will grow, but what a mess.
Foote 10'4X34", SIC 17.5 V1 hollow and an EPS one in Hood River. Foote 9'0" x 31", L41 8'8", 18' Speedboard, etc. etc.


Chan

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Re: Doge to a Dollar
« Reply #42 on: May 13, 2021, 10:07:28 AM »
It sounds like the push to redesign crypto mining to reduce the environmental impact is on. 

Admin

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Re: Doge to a Dollar
« Reply #43 on: May 13, 2021, 12:35:47 PM »
Cardano.  Now.  Do it.  SWARM.

PonoBill

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Re: Doge to a Dollar
« Reply #44 on: May 13, 2021, 12:43:50 PM »
Assuming it actually happens that might yank the rug out from under Bitcoin. It doesn't matter how "green" the terawatts are, they can be used for stuff other than heating water via blade computers and solving a pointless math problem that happens to yield value because of a shared delusion. Crypto-Yuan looks like a potential winner, the US is unlikely to do anything creative given a legislative body that either has room-temperature intelligence or is far too busy with gathering personal power to pay attention to anything else. The euros are wandering in circles as usual. Maybe Singapore? They seem smart. Bitcoin and Doge look like a passing fancy--artificially rare, artificially valued. Might as well speculate in sneakers.

I am most likely completely wrong about everything as usual, but it seems to me the most likely winner X number of years from now is a fiat currency that is non-fungible, ie, cryptographically verifiable as real, but transferrable with minimal friction.
Foote 10'4X34", SIC 17.5 V1 hollow and an EPS one in Hood River. Foote 9'0" x 31", L41 8'8", 18' Speedboard, etc. etc.

 


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