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by dragontamer 4470 days ago
Yes, the 100 Billion cap plays a huge role here.

With so many Dogecoins flooding the market, it is likely that Doge will remain near worthless forever. Which means it will always be an easy coin to experiment with.

1 comments

Doge and bitcoin are very easily divisible, so that's not why they're more or less valuable. Bitcoins are rewarded at 250,000,000 satoshis/block!
Yes, but both have a practically fixed transaction fee of 0.01 BTC or 0.01 DOGE. BTC transaction fees (by default) cost $0.05 now. DOGE transaction fees are basically free.

In its haste for profit-earning, the BTC community has screwed its own coin for "tipping". I ain't paying no 5% tax on $1 tips on the BTC network.

You're way off. The minimum recommended/default transaction fee is .0001 btc. This can change in the future, it is all about what the miners choose to accept, transaction fees are not fixed.

For fun I sent a transaction of about .3 btc with a fee of .0.00005 btc. It was confirmed in about a day - or so I thought, because on blockchain.info it says +9 minutes so I don't know if that is the confirmation time or not.

The transaction in question - https://blockchain.info/tx/7e2bfff207e5fb6a02890024e790c921e...

I missed two zeros on my BTC number, but my dollar amount remains the same. 0.0001 BTC at $500 per BTC == 5 cents per transaction.

You can pay less to lower your priority of course, or pay more to raise your priority. Similarly, miners can focus on higher priority transactions to make their profit.

Nonetheless, the real effects of deflation are beginning to show. BTC is a worse coin than DOGE for internet tipping. It costs more per transaction and takes longer for those transactions to take place. And as long as the BTC community is blinded by deflationary greed, the problem will remain.

Basically, I can transfer money with DOGE within minutes for nearly free (roughly one ten-thousanth of a penny), or I can use BTC to transfer money within hours for $0.05... or within days if I try to be cheaper.