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The Future Of Bitcoin, Litecoin & Dogecoin (op-ed)

The Future Of Bitcoin, Litecoin & Dogecoin (op-ed)

The Future of Bitcoin, Litecoin & Dogecoin (Op-Ed) Although nobody knows for certain what the future holds for the cryptocurrency industry as a whole, it is almost unanimous among pundits and prognosticators that the Blockchain technology is here to stay. Note: The following article was submitted as part of the Ziftr contest and chosen as the winner on the topic of 'What will it take for Bitcoin to gain mass acceptance?' Although nobody knows for certain what the future holds for the cryptocurrency industry as a whole, it is almost unanimous among pundits and prognosticators that the Blockchain technology is here to stay . There is little doubt that cryptocurrency will play a significant role in our lives within the next 5 to 10 years; in a recent Wall Street Journal poll 83% of those surveyed believe, there is a future for cryptocurrencies such as bitcoin. But what will that digital landscape look like? Which coins will succeed and which coins will fade away into cyber obscurity? While it would be impossible to predict the destiny of the more than 500 cryptocurrencies currently on the market, the top three, bitcoin, litecoin and dogecoin are traveling along a path where their roles are coming into focus. Most cryptocurrency experts will tell you that Bitcoin is destined to be the dominant digital currency used in internet commerce for the foreseeable future; but I see a different future for Bitcoin. The vast majority of people currently purchasing it are holding it as a speculative investment instead of spending it like a currency. According to a 2014 Forbes article by Samantha Sharf, over 90% of bitcoins are hoarded. When Satoshi Nakamoto created the currency, he designed it to mimic the scarcity of gold. Only 21 million bitcoins will ever exist and since the block r Continue reading >>

Bitcoin Vs. Dogecoin: Which One Is Really Worth More?

Bitcoin Vs. Dogecoin: Which One Is Really Worth More?

Bitcoin vs. Dogecoin: Which One is Really Worth More? Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" now accounts for more transaction volume than every other cryptocurrency combined, including Bitcoin, Litecoin and Quarkcoin. In other words, I'ma let you finish but dogecoin is the most-transferred cryptocurrency of all time (sorry Coinye ). That's 98,719 dogecoin transactions in the past 24 hours. And Market Watchwent ahead and chartified that for you : Here's why that makes sense: These statistics only cover how many dogecoins are being transferred, not how much they're worth. One bitcoin is worth around $825 as of Jan. 14. One dogecoin is worth $0.00031, or basically nothing. The total market capitalization of all bitcoins is over $10 billion, while the total worth of all dogecoins is over $9 million. While there's 12.25 million or so bitcoins, there's ... um ... 27 billion dogecoins. The average bitcoin transfer is worth $9,339, while dogecoin hovers in around $105.80. In other words, bitcoin is being used for big boy purchases and large-scale transfers, while dogecoin is primarily being used to transfer small amounts of money around the world. The dogecoin subreddit even has a bot that randomly hands out 100 dogecoins to users or instantly transfers them between users at their discretion. So what's it useful for? Mostly fun ! According to Spelunk.in's Pinguino, "dogecoin is very very silly, and very fun. Currently, people are mostly buying Steam games and the like with it." The creators hope that it will be remembered as "the fun cryptocurrency" and that it can be used for small purchases like video games or toys and spread via "tipping" on message board and as prizes. Eventually, dogecoin might be widespread or accepted en Continue reading >>

Currency - Does Dogecoin Or Bitcoin Have A More Appropriate Rate Of Monetary Inflation? - Economics Stack Exchange

Currency - Does Dogecoin Or Bitcoin Have A More Appropriate Rate Of Monetary Inflation? - Economics Stack Exchange

Does Dogecoin or Bitcoin have a more appropriate rate of monetary inflation? The supply of new Bitcoins and Dogecoins is depicted in the graph below. The Bitcoin inflation rate is currently higher than the Dogecoin rate, but it reduces sharply to a rate close to zero. It eventually reaches 0% in 2140, after which there will be no new Bitcoins. There are currently 100 billion Dogecoins. The Dogecoin inflation rate is fixed at an additional 5.256 billion coins per year for every year henceforth. Which inflation rate is more appropriate for a general-use currency intended for use for transactions of all sizes? I realise this isn't necessarily the stated aim of either currency. Answerers should assume that the inflation rates are sacrosanct and can't be altered in years to come. I doubt you can talk about inflation with respect BTC as clearly if their creators had anything in mind when they conceived Bitcoin, it was the upper limit of supply which will only be reached in decades. Until then its supplies grow logarithmically. The interest in BTC dropped after it has no reached a currency status in so many countries, in others has been banned completely, hence the drop in interest. You would not call a deflation period two years ago when the whole world turned to Bitcoin, would you? matcheek Jul 15 '15 at 10:41 Those aren't inflation rates. They're expansion rates. And neither are suitable as use for currencies: they're both ponzi schemes. EnergyNumbers Jul 15 '15 at 11:11 Your coins do not have 0 inflation in the long run First, we need to set straight that you have a critical error in your supposition: The rate of creation of money is not the only determinant of the inflation rate, see here . Even if we ignore these equilibrium effects, is any of these coins superior in it Continue reading >>

Bitcoin Vs. Litecoin Vs. Dogecoin: Comparing Virtual Currencies

Bitcoin Vs. Litecoin Vs. Dogecoin: Comparing Virtual Currencies

Bitcoin Vs. Litecoin Vs. Dogecoin: Comparing Virtual Currencies By J. William Carpenter | February 20, 2016 6:00 PM EST Cryptographically secure virtual currency exploded onto the scene in 2009 with the introduction of Bitcoin by Satoshi Nakamoto , the mysterious, and likely pseudonymous, developer of the currency. In the years since, Bitcoin has become the best-known, most widely circulated digital money in history. Bitcoin, with its technological design, has also inspired the development of many hundreds of other virtual currencies. In February 2016, more than 500 virtual currencies are traded in digital markets around the world every day. Few, however, come close to Bitcoin in influence, supply, trading volume or market capitalization. Among the hundreds of virtual currencies available as of 2016, Litecoin and Dogecoin are two of the most influential alternatives to Bitcoin. Like Bitcoin, Litecoin and Dogecoin are decentralized, cryptographically secure digital currencies enabling peer-to-peer payments between any two people in the world without relying on government or regulatory oversight. Bitcoin supremacy seems certain to continue , even as the currency faces substantial growing pains; however, both Litecoin and Dogecoin also appear likely to continue as viable alternative digital currencies going forward. Decentralized digital currencies, such as Bitcoin, Litecoin and Dogecoin, utilize cryptography and a public transaction ledger, known generically as a block chain, to ensure the security of peer-to-peer transactions. The Bitcoin block chain, for example, contains a record of every Bitcoin transaction since the currency's initiation in 2009. Sharing of this block chain occurs across the network so that every user with Bitcoin software can verify the past and cu Continue reading >>

Bitcoin Vs Dogecoin Calculator

Bitcoin Vs Dogecoin Calculator

Cryptographically secure virtual currency exploded onto the scene in with the introduction of Bitcoin by Satoshi Nakamotothe mysterious, and likely pseudonymous, developer of the currency. In the years since, Bitcoin has become the best-known, most widely circulated digital money in history. Bitcoin, with its technological design, has also inspired the development of many hundreds of other virtual currencies. In Februarymore than virtual currencies are traded bitcoin digital markets around the world every day. Few, however, come close to Bitcoin in influence, supply, trading volume or dogecoin capitalization. Among the hundreds of virtual currencies available as ofLitecoin and Dogecoin are two of dogecoin most influential alternatives to Bitcoin. Like Bitcoin, Litecoin and Dogecoin are decentralized, cryptographically secure digital currencies enabling peer-to-peer payments between any two people in the dogecoin without relying on government or regulatory oversight. Bitcoin supremacy seems certain to continueeven as the currency faces substantial growing pains; however, both Litecoin and Dogecoin also appear likely to continue as viable alternative digital currencies going forward. Decentralized digital currencies, such as Bitcoin, Litecoin and Dogecoin, utilize cryptography and a public transaction ledger, known generically as bitcoin block chain, to ensure the security of peer-to-peer transactions. The Bitcoin bitcoin chain, for example, contains a dogecoin of every Bitcoin transaction calculator the dogecoin initiation in Sharing of this block chain occurs across the network so that every bitcoin with Bitcoin software can verify the past and current balance of calculator other Bitcoin user account on the network. Secure cryptographic methods protect the validity cal Continue reading >>

Dogecoin Price Decline Continues: Will Reddcoin Challenge It?

Dogecoin Price Decline Continues: Will Reddcoin Challenge It?

Dogecoin Price Decline Continues: Will Reddcoin Challenge it? Join our community of 10 000 traders on Hacked.com for just $39 per month. Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoins economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin investors should be worried. Despite having one of the strongest communities as well as some of the most innovative marketing projects (e.g. the NASCAR Josh Wise Dogecar sponsorship ) in the cryptocurrency universe, the Dogecoin price is falling, and there is no floor in sight. Over the past 90 days, the Dogecoin price from 111 satoshis on April 29 to 37 satoshis on July 28. As the CoinMarketCapchart below indicates, the Dogecoin price decline has been quite steady. Dogecoins USD market cap has fluctuated based on the price of Bitcoin, but Dogecoins price against Bitcoin has consistently declined. This 90-day Dogecoin chart demonstrates how the Dogecoin price fell from 111 satoshis to 37 in less than 3 months. The Role of Inflation in the Dogecoin Price Decline The Dogecoin price fall could be tied to the coins inflationary economic model. The Dogecoin developersinitially planned on capping Dogecoin at 100 billion coins, but the source did not include the necessary code to cap the coins. Upon realizing this error, the developers considered eliminating inflation , but they ultimately decided to leave Dogecoin without a Continue reading >>

Dogecoin Bitcoin (doge Btc) Converter - Investing.com

Dogecoin Bitcoin (doge Btc) Converter - Investing.com

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Bitcoin And Dogecoin- A Relative Study

Bitcoin And Dogecoin- A Relative Study

Protected by cryptography, Bitcoin and Dogecoin, the two virtual currencies have witnessed an explosion of sorts in the digital world of trade currency. First introduced by Satoshi Nakamoto, the anonymous developer, Bitcoin has become the most popular and widely distributed digital currency all across the globe. With its technologically advanced open-source software, Bitcoin has inspired many other virtual currencies, but only a few can match up to its set standards. The end-to-end encryption used by Bitcoin and Dogecoin helps you own your own ledger account without any possible encroachment. Since its inception in the year 2009, Bitcoin has topped the world chart as the most popular and sought after cryptocurrency in the world. The total number of private sellers in 2015 accepting payments from online users has surpassed the 1 million mark for the first time in history. Retail transactions only formed a small part of the networks voluminous one-time transactions, while individual-to-individual transactions formed a larger part of the entire networking process. Dogecoin, on the other hand, is the latest addition to the long list of cryptocurrencies. It was developed in the year 2013 for the sake of entertainment but has gradually taken up the stature of a more serious payment system for all kinds of online transactions. There is no fixed limit on its production and depends solely on the developers. Heres a quick comparison between the two cryptographic currencies that have become eventually popular in the last couple of years. First of its kind that uses peer-to-peer cryptocurrency protocol Founded on 3rd January, 2009 by Satoshi Nakamoto Bitcoin mining is slower and takes almost 10 minutes to complete a transaction The Bitcoin system is intended to gradually reduce th Continue reading >>

What Is Dogecoin? A

What Is Dogecoin? A "crypto Joke" To Be Reckoned With | Finder.com

Dogecoin began life as a joke currency, but quickly exploded onto the market, harnessing the power of online communities to take it to the top. Dogecoin (DOGE, ) began life as a joke. Billy Markus from Portland, Oregon, developed DOGE to be a fun currency, naming it after the Shiba Inu doge meme. Soon, it grew in value, with thousands of users and whole Internet communities designed around sharing the currency and posting memes about the coin online. The hype paid off, putting it among the top cryptocurrencies on the market. Dogecoin is an altcoin designed to reach a much broader demographic than bitcoin. Additionally, Markus, the developer behind it, wanted to keep Dogecoin fresh and fun, in order to distance it from the controversial past of bitcoin (for example, being widely used in online black markets like the Silk Road). As of September 2017, Dogecoin has become one of the top ten coins on the market, with several online exchanges offering DOGE/BTC (bitcoin) and DOGE/LTC (Litecoin). While many other altcoins are attempting to become something bigger than a simple currency transaction platform, Dogecoin stuck to its roots and is now widely used on platforms such as Reddit and Twitter to tip other users for information, funny posts, or whatever else is deemed tip-worthy. Dogecoin is based on Litecoin , and carries with it the various changes made to Litecoin over the bitcoin platform. Rolling out with a huge amount of coins, and reaching its maximum cap of 100 billion DOGE by June 2015 means the coins tend to remain at a considerably low value compared with bitcoin or other altcoins with a more limited number of coins. Even though it has a market cap of over $89 million as of 16 September, 2017, each coin costs approximately $0.0008 to purchase. This means that use Continue reading >>

Cryptocurrency Dogecoin Now Has A Market Value Of More Than 1 Billion

Cryptocurrency Dogecoin Now Has A Market Value Of More Than 1 Billion

A cryptocurrency that was created as a parody and named after an internet meme now has a market value of more than $1 billion. Data from CoinMarketCap showed dogecoin's current market value is about $1.17 billion as of Jan. 5, 2:56 p.m. HK/SIN and traded at $0.010360 per token. Last month, the virtual coin rose more than 400 percent and briefly topped $0.0107 in late December. Dogecoin is an example of an altcoin, which are peer-to-peer digital tokens that descended from bitcoin . The more popular ones include ethereum, which topped $1,000 for the first time on Thursday, and ripple, which saw a staggering 35,000 percent jump in its value last year. Dogecoin, for its part, was created in 2013 and its mascot is a Japanese shiba inu dog popularized by an internet meme that dates back to 2010. The creators of dogecoin positioned the virtual token as "the internet currency" that can allow users to easily send money online. There are several ways to get dogecoins: Users can buy them at online exchanges, get tipped in the cryptocurrency and even mine them. The virtual currency's meteoric rise in recent months has the project's creator expressing concern about market excess. Jackson Palmer, the founder of dogecoin who left the team in 2015, told cryptocurrency news site CoinDesk that it was telling that the token saw such a sharp jump in price even when the project hadn't released a software update in over 2 years. The total value of cryptocurrencies is over $750 billion, according to CoinMarketCap, and bitcoin dominates nearly 40 percent of that market. "The most significant contributing cause for altcoins to rise so parabolically is owing to the perception of 'cheap' coins," Dave Chapman, managing director at Hong Kong -based commodities and digital assets trading house Octa Continue reading >>

Exchange Dogecoin (doge) To Bitcoin (btc)

Exchange Dogecoin (doge) To Bitcoin (btc)

The total number working with the Dogecoin (DOGE) Bitcoin (BTC) direction is 6 reliable exchangers. Total reserve in exchangers: 128.78 BTC. Average exchange rate: 5 753 571.8669 The BTC/XDG official rate from YoBit for today is 4 761 904.7619 All exchangers specified in the list provide the service of exchanging Dogecoin to Bitcoin automatically. You can use our instructions in the FAQ section if you have never exchanged electronic money at our site before and you come across any difficulties with the exchange process. Keep in mind that change rates Doge Bitcoin can be better when you go to an exchange site from the BestChange.com monitor than when you visit exchangers in a regular way. If you cannot find how to exchange the money after you go to the site, contact the exchanger operator (administrator). It is quite possible that no automatic exchange Dogecoin (DOGE) to Bitcoin (BTC) is available at the moment and your exchange will be processed manually. If you fail to convert Doge coin to Bit Coins in the exchanger you got interested in, let us know about it so that we can take the necessary measures in time (discuss the problem with the owner or exclude the exchanger from this exchange direction). You can also visit our forum in order to view offers about manual exchange from our other visitors. You can trust all exchangers listed here. The BestChange.com monitoring service contains only reliable exchangers verified by our administrator. All of them have high business levels, good reserves and enough experience in the exchange business. Before you start exchanging money, we recommend that you pay attention to the WebMoney BL and Perfect Money TS of the exchanger and the number of comments (you can see it in the information tip). Continue reading >>

Bitcoin Exchange Rate Bitcoin Live Converter Preev

Bitcoin Exchange Rate Bitcoin Live Converter Preev

See the Bitcoin exchange rate i.e. the current value of one bitcoin. Convert any amount to or from your preferred currency. Bitcoin is a digital currency. You can use Bitcoin to send money to anyone via the Internet with no middleman. Learn more here . Keep an eye on the Bitcoin price, even while browsing in other tabs. Simply keep this site open and see the live Bitcoin price in the browser tab. (Note: Some mobile browsers dont yet support this feature.) See how many bitcoins you can buy. Enter an amount on the right-hand input field, to see the equivalent amount in Bitcoin on the left. See the value of your Bitcoin holdings. Enter the number of bitcoins you have, and watch their value fluctuate over time. Continue reading >>

How To Buy Dogecoin With Paypal Or Credit Card Instantly

How To Buy Dogecoin With Paypal Or Credit Card Instantly

How to buy Dogecoin with Paypal or Credit Card Instantly Last updated on February 22nd, 2018 at 12:06 pm This tutorial will explain how to buy Dogecoin using Paypal a credit card, cash and other different methods. Although it was only released in the beginning of December 2013, in the first month of 2014 Dogecoin has more than tripled its value. Obviously this has created a strong demand for purchasing Dogecoin. You will need a Dogecoin wallet to store you Dogecoins. Go to Dogecoins official website and download the appropriate Dogecoin wallet. Note that there arent any reputable USD/DOGE exchanges, which is why I would advise against buying Dogecoin directly with fiat (USD, EUR etc.). Also, there are very little reputable exchanges that allow you to buy Dogeicoin (DOGE) with Bitcoins or Litecoins. This of course means you will have to obtain Bitcoins or Litecoins somehow, but have no fear, the tutorials are here! So here is a list of tutorial that will help you buy Bitcons or Litecoins in various methods. Once you obtain them continue to step 2 which is finding your Dogecoin exchange and get to buying Dogecoins. Buy Bitcoin with Paypal Worldwide, High commissions (can reach up to 10%), fast delivery. Buy Bitcoin with a Credit Card Worldwide, High commissions (can reach up to 10%), fast delivery. Buy Bitcoin with wire transfer US only, low commissions, delivery can take up to 4 business days. Buy Bitcoin with cash Worldwide, find someone located physically near your location and set up a deal for buying Bitcoins. Buy Litecoin with Paypal or Credit card Worldwide, High commissions (can reach up to 10%), fast delivery. Buy Dogecoin with your BTC or LTC at a secure Dogecoin exchange. Once you obtain Bitcoins and Litecoin you can buy Dogecoin at any of the following exchan Continue reading >>

Dogecoin Just Solved A Problem That Bitcoin Is Going To Face

Dogecoin Just Solved A Problem That Bitcoin Is Going To Face

The price of Dogecoin, the world's third most traded cyrptocurrency, is down 9% this afternoon . Because the update from Dogecoin's creators causing the temporary price drop will ultimately ensure its longevity going forward. In a message on Github this weekend , Sydney-based co-creator Jackson Palmer announced the amount of Dogecoin would not be fixed, meaning it's possible for an infinite amount of Dogecoin to be created. ( This was first spotted by Ars Technica's Cyrus Favriar ). Every new "block" of Dogecoin that gets mined will yield 10,000 units of the currency. "This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion," Palmer wrote. This is close to how a normal fiat currency like the U.S. dollar works. Like the greenback, Dogecoin will now better be able to respond to increasing demand, as well as potential damages like those outlined by Palmer.It also gives incentives for miners to keep operating, thus helping keep the network more secure as in Bitcoin, "mining" Dogecoin also serves to confirm the transactions taking place on the digital currency's master exchange ledger. These all happen to be problems Bitcoin currently faces.Bitcoin has a early adoption and miner-arms-race regime. Those who got in earliest, or can mine the most, enjoy lopsided control over the Bitcoin market. We've discussed this elsewhere. The result is that they are crossing their fingers that Bitcoin adoption will become widespread, thus helping drive up value. It's hard to tell what's driving what, but the price has settled at $800 for a couple months now . That's a lot to pay for a single Bitcoin for someone just entering the market. Ripple's David Schwartz wrote about this on Continue reading >>

Dogecoin Price: What Is Dogecoin? Joke Cryptocurrency Breaks $2 Billion

Dogecoin Price: What Is Dogecoin? Joke Cryptocurrency Breaks $2 Billion

Dogecoin price: What is Dogecoin? Joke Cryptocurrency breaks $2 BILLION Dogecoin price: What is Dogecoin? Joke Cryptocurrency breaks $2 BILLION DOGECOIN is making a shock impact on the cryptocurrency market after it pushed past $2billion over the weekend. But what is Dogecoin? The digital currency, which started as a joke, reached an all-time high of more than 1.55million ($2.1billion) over the weekend, though it has now slipped back to just over 12.5million ($1.7billion). This time last year, a single Dogecoin (DOGE) token was worth just $0.00023 and the currency as a whole had a market cap of just over 17.4million ($23.5million). But a remarkable 12 months has seen DOGE surge by more than 6,400 per cent, putting the cryptocurrency at $0.014954. Here is everything you need to know about the wildest digital currency on the market. Is dogecoin a joke or a genuine bitcoin rival? Set up in 2013 by Jackson Palmer and Billy Markus, Dogecoin was inspired by the then-popular Shiba Inu Doge internet meme. It was initially introduced as a parody currency but quickly gained a cult following and has since soared in value. The Dogecoin website describes the currency as a decentralised, peer-to-peer digital currency that enables you to easily send money online. JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics One of the most popular uses for Dogecoin is tipping fellow internet-goers who create or share great content. Think of it as a more meaningful like or upvote, with real value that can be used all across the internet. Dogecoin grew rapidly in its early days, though it shot into the public eye during the 2014 Winter Olympics, when a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican bobsled team who could not afford to trav Continue reading >>

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