People don't understand that Dogecoin really has no value.

[RecondoJoe]

Go buy you the nicest mining rig you can and then try to mine Dogecoin. You'll quickly learn that you can't. Someone is mining it however, and that person owns about 90% of all dogecoin and will own 99% of all dogecoin in the future.

Not to mention the fact that this coin has no supply limit, meaning that it'll consistently lose value over time the same way fiat currency does (which defeats the purpose of Crypto).

Now I did make a lot of money mining and selling dogecoin, but that was entirely based off of luck. (You can mine Ethereum on unmineable.com and get paid out in Dogecoin, but unless Doge does something crazy like it did in the last 24 hours, you would be better off just taking straight Ethereum as your payment).

IDK it just irks me because people think it's like the best coin to own or something and it couldn't be further from the truth. Like it does get pumped and dumped and people make money through this scheme, but the same thing happens with Gamestop stock. It doesn't mean Gamestop is a good stock to own long term.

If you're wondering what the rant is about, my friend bought $5,000 worth of dogecoin 3-4 months ago and could have sold it for $20K this morning and didn't do it because he doesn't understand anything about dogecoin other than the fact that it's a meme.

[Jibartik]

Haha someone is mad they didn’t buy at 0.05

Reminder: in a Fiat economy there’s no difference between the American dollar and the Dodge coin except for who just believes on it :)

[RecondoJoe]

Haha someone is mad they didn’t buy at 0.05

Reminder: in a Fiat economy there’s no difference between the American dollar and the Dodge coin except for who just believes on it :)

I still own mine actually, fam, and I got in at .02. I'll probably never sell my Doge simply because I have no money in it, and I came to grips with the fact that I wouldn't sell it a long time ago.... I mined it for about 2 months straight.

I actually use doge to get my normie friends into mining (https://i.imgur.com/dysTanY.png) because if I mention Ethereum or Raven it goes in one ear and out the other. If I mention Dogecoin... lightbulbs go off in their heads because that's the fancy crypto they saw Elon Musk talking about... also unmineable has 24 hour pay out... most new miners can't wait 7-14 days for a pay out.. they need to see quick returns or they give up.

[Jibartik]

I am exactly 14 days behind mining etheirum, per your last post. smh

[Baler]

Look at the cute little dog
I should put money into this because it's fun
bahh bahh bahh

Elon Musk invented a flame thrower.

[starkind]

Doges are really cute. Starkind appreciates doges and their loving carers.

[Cassawary]

Reminder: in a Fiat economy there’s no difference between the American dollar and the Dodge coin except for who just believes on it :)

crypto is backed by math, usd is backed by men with guns

Pretty sure guns can beatup math

[starkind]

crypto is backed by math, usd is backed by men with guns

Pretty sure guns can beatup math

Everything is backed by math. Even the trajectory of missiles in space.

[Jibartik]

Hmm I get your point, but what you're not considering is that the usd is actually backed by people who just trust the american economy and so they buy bonds, not because we force them to with guns.

They do it because our economy is so strong.

If you think our economy is so strong because we force the world to back our dollars using guns, then that is a perspective I haven't considered before. But I suppose if you think the usd is based on the value of oil we buy cheaply with guns, then that could be debatable but oil is not what our economy is based on so idk if this is true.

I hadn't considered that our economies greatest asset is our guns :o

[Cassawary]

Hmm I get your point, but what you're not considering is that the usd is actually backed by people who just trust the american economy and so they buy bonds, not because we force them to with guns.

They do it because our economy is so strong.

If you think our economy is so strong because we force the world to back our dollars using guns, then that is a perspective I haven't considered before. But I suppose if you think the usd is based on the value of oil we buy cheaply with guns, then that could be debatable but oil is not what our economy is based on so idk if this is true.

I hadn't considered that our economies greatest asset is our guns :o

it's a bit silly but our 'allies' are also our clients

the provinces must tithe (https://www.nato.int/cps/en/natohq/news_171458.htm)

[Jibartik]

I have a feeling when china comes to collect, our guns will do nothing to stop them.

[Baler]

the people who invest in dogecoin are the same people who believe they were sticking it to the man by pumping and dumping gme. (you didn't stick it to the man)

unlike bitcoin, dogecoin can be mined forever. it will never be valuable, it's a scheme.

I have a feeling when china comes to collect, our guns will do nothing to stop them.
did someone hack Jibartik's account?

[Cassawary]

I have a feeling when china comes to collect, our guns will do nothing to stop them.

pacific could use more reefs i guess

[Jibartik]

I like thinking that we're great and supermen too hehe

But we're cowards and will be killing each other before we kill any of them :) Then, they will come to collect while we're at our knees.

Welcome to Americas lost decades.

[Baler]

This is a dogecoin thread. Please use any of the other appropriate threads related to the topic you wish to discuss or create your own.

[Baler]

Doge Coin going down is causing a panic in the crypto markets and prices are dropping like crazy.

bitcoin dropped like 10% over the past 4 days.

[Jibartik]

buy at the diip as they say

[Cassawary]

This is a dogecoin thread. Please use any of the other appropriate threads related to the topic you wish to discuss or create your own.

Baler is the forum police 🚓

[Jimjam]

Enough with the off topic minimodding, guys (!) ;)

Red pp is basically pointless, yet people have farmed it for an actual decade. People are odd like that. I suppose doge isn’t so different.

The bees episode of Teen Titans Go was a fun exploration into Fiat currency. The pyramid episode it’s probably also worth a look. Oh and lets not forget the gold standard episode too.

[starkind]

https://i.imgur.com/3MHwiKT.png

[starkind]

https://i.imgur.com/HIebfPO.png

[Byue]

Hmm I get your point, but what you're not considering is that the usd is actually backed by people who just trust the american economy and so they buy bonds, not because we force them to with guns.

They do it because our economy is so strong.

If you think our economy is so strong because we force the world to back our dollars using guns, then that is a perspective I haven't considered before. But I suppose if you think the usd is based on the value of oil we buy cheaply with guns, then that could be debatable but oil is not what our economy is based on so idk if this is true.

I hadn't considered that our economies greatest asset is our guns :o


Literally, the world subsidize your entire economy who would go bust otherwise, by buying petrol in dollars.

Nobody, not even republican dispute this.
Last one who did got promptly assassinated and his country left to rot to show others.

Edit: nothing to do with us believing in your economy. WE are forced to, under threat. by guns.

[zodium]

doge is a tellurian currency, revolting against the sun's thermonuclear empire of solar capitalism from within by bringing our planet into the divine's cthonic regime of the desert.

[Jibartik]

Literally, the world subsidize your entire economy who would go bust otherwise, by buying petrol in dollars.

Nobody, not even republican dispute this.
Last one who did got promptly assassinated and his country left to rot to show others.

Edit: nothing to do with us believing in your economy. WE are forced to, under threat. by guns.

duh bonds duh duhhhh

[starkind]

https://i.imgur.com/HIebfPO.png

These are Stardoges. Coming to liberate ur minds. Eternally.

[Byue]

duh bonds duh duhhhh

I mean, they literally have to trade their currencies to buy us dollars so they can pay the oil with us dollars.


not bonds.
this is what keeps you afloat.

[Jibartik]

You're like brad pit in 12 monkeys.

[Byue]

Young, rich an at the top of his career?

[starkind]

Brad Pitt was adorable in 12 monkeys he didn't threaten rivers of blood.

[Kaveh]

Literally, the world subsidize your entire economy who would go bust otherwise, by buying petrol in dollars.

Nobody, not even republican dispute this.
Last one who did got promptly assassinated and his country left to rot to show others.

Edit: nothing to do with us believing in your economy. WE are forced to, under threat. by guns.

We have the most farmland and navigable rivers. We wouldn’t go bust if the system were another way, we’d just immediately stop fighting amongst ourselves and enslave the people of Quebec under Kaveh first of his name

hope this helps!

[Jibartik]

Brad Pitt was adorable in 12 monkeys he didn't threaten rivers of blood.

I didnt mean the content of his character I meant the absolute unhinged ranting and topic changing harassment of everyone around him.

[starkind]

kLDhMU5JvMk

[Jibartik]

Looks like a lot of folk prob are losing some money today.

[RecondoJoe]

I lost quite a bit... I've watched it go to .44 and .43 on two separate occasions and didn't squeeze the trigger. Oh well, I ain't got nothing but electricity costs into this.

Was insane watching it go from 5K to 50K over night, I hadn't watched the news or anything and was checking to see if I got my Ethereum pay out before passing out and thought I was seeing things.

[zodium]

We have the most farmland and navigable rivers. We wouldn’t go bust if the system were another way, we’d just immediately stop fighting amongst ourselves and enslave the people of Quebec under Kaveh first of his name

hope this helps!

its gonna suck ass to be canadian when we hit the inward-turning reaction stage of the american empire's collapse, or, as I lovingly call it, the weimar trajectory.

[Kaveh]

its gonna suck ass to be canadian when we hit the inward-turning reaction stage of the american empire's collapse, or, as I lovingly call it, the weimar trajectory.

You’d be fighting our war for us in this scenario, too much inertia and you Europeans are too docile to challenge the order that was decided for you by DC

[Jibartik]

I lost quite a bit... I've watched it go to .44 and .43 on two separate occasions and didn't squeeze the trigger. Oh well, I ain't got nothing but electricity costs into this.

Was insane watching it go from 5K to 50K over night, I hadn't watched the news or anything and was checking to see if I got my Ethereum pay out before passing out and thought I was seeing things.

That's great! Idk id keep it in, I bet it will surge to .420 again just for the meme at least a few times over the next year.. and then eventually it will go to a dollar when it becomes the Martian standard

[starkind]

https://i.imgur.com/o9YJ3Z9.jpg

I don't didn't know what to do, so other than making a new thread i bumps this 1

Crime at a whole new level lol

[Jibartik]

https://www.reuters.com/world/china/crypto-miners-halt-china-business-after-beijings-crackdown-bitcoin-dives-2021-05-24/


Cryptocurrency miners, including HashCow and BTC.TOP, have halted all or part of their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny.

A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday as part of efforts to fend off financial risks. It was the first time China's cabinet has targeted virtual currency mining, a sizable business in the world's second-biggest economy that some estimates say accounts for as much as 70% of the global crypto supply

The only thing that can stop bitcoin is if governments dont allow it, and this seemed to stop bc from dancing around the 60s :(

[RecondoJoe]

i still have all of my doge btw

[Gravydoo II]

My cokehead neighbor is always talking about crypto... Like really fast, all the time. Things have value if humans give them value, pretty much.

The flintstones paid for everything in sand dollars in that documentary, the flintstones movie starring john goodman.

[jerry1]

I'm getting about 50% daily return in the DOGE/BTC bot the last few days. But if I would've just held the same amount in Doge it would be 100% returns. The bot is good for volatility, but is inferior to holding if the coin is also on a bull run. I'm using this crypto bot (https://tradingbot-solutions.com/) to hedge the amount of Doge I hold. It limits my total upside, but I have some downside protection since I get to keep my 20% arbitrage profits even if the coin plummets - and that's because if it did drop I would continue to hold anyway as a long time hodler already. If you're looking to make a quick buck and not hold doge, you'd be better off buying right now and set a limit sell at a good amount of profit.

[Jimjam]

https://i.imgur.com/o9YJ3Z9.jpg

I don't didn't know what to do, so other than making a new thread i bumps this 1

Crime at a whole new level lol

plz don't dox our uk posters

[imperiouskitten]

ESEA (Counterstrike league matchmaking software, predates the valve matchmaking and its pay $15/month to use) installed a bitcoin miner in its software that would run on low downtime. He apparently only took about $3500 after a pretty good amount of botting, but that was stealth botting.

[starkind]

maybe this why the forums suddenly got 30,000 users?

[starkind]

plz don't dox our uk posters

<3 :o