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by sremani 3085 days ago
Minting new coin is not difficult, there is CrptoNote project on Github you can fork and in matter of minutes you can have your own "Coin" and start mining on couple of old Linux boxes.

I understand the network and traction, but this is not very different from each bank having its own currency notes back in the day (1800s?). The biggest problem is they are not stable enough to be currencies their volatility makes them more like commodity/asset and their Transaction speed does not make them huge transaction payment systems. They fail at both promises when they gain traction, of course, there will be ultimate winners in this space. Instead of calling them Cryptocurrencies, calling them DLT (distributed ledger tech) is more appropriate for most the coins anyway.
1 comments
lmm 3085 days ago
I'd trust Doge more than most cryptocurrencies, honestly. It's relatively established, the community doesn't or at least didn't take itself too seriously (sounds like that may now have changed), and it took the (admittedly mostly symbolic) decision to allow "mining" to continue indefinitely, ensuring there will always be a Doge supply rather than passing all gains to the early adopters. In a sense it's a lot more functional than Bitcoin - people use it for "microtransactions" and "tipping" that would be impossible with Bitcoin's transaction fees.
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ericb 3085 days ago
It hasn't had an update in two years. What about when a vulnerability is discovered?
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HuggableSquare 3085 days ago
Although there hasn't been a release in two years they're currently working on releasing 1.14 this year. In case you're interested the core devs have been doing a pretty good job on keeping people informed on the status of the release on the subreddit. Latest post here: https://www.reddit.com/r/dogecoin/comments/7oxi53/developer_...
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Cyberdog 3085 days ago
> It's relatively established, the community doesn't or at least didn't take itself too seriously (sounds like that may now have changed)

It changed a bit, but not entirely. Check out the subreddit and you'll still see lots of Comic Sans and image macros.

I have Dogecoin to thank (blame?) for getting me initially interested in cryptocurrency precisely because the community was so welcoming and didn't take itself so damned seriously, and even though Dogecoin is more "valuable" now, I'd still recommend it for those looking for a low-risk and relatively simple introduction to the concept.

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