You have to be really bearish on Bitcoin to think that a practically-identical joke currency will do better than something attracting venture capital. Nobody would trust a lolcat with their money much less a shibe.
Of course, if I'm wrong then I will definitely say 'wow'; also, 'so fail' and 'much humble pie'.
Speaking of dogecoin, I want to pick up some dogecoin without any bitcoin on hand to trade and without elevating my risk to fraud any more than necessary. I realize there are forums and presumably faqs, possibly "the same way you'd pick up bitcoin," but what is the HN prescription to go about doing this? Given that it's relatively nascent, low turnover, goofy and so forth, I'm apprehensive when hearing "very coinbase, wow" elsewhere.
I also realize I should find something else to do, but... I love that friggin' dog.
Tl;dr this article neglects to mention the viability of dogecoin on 2014 due to idiots like me. It appears I'm not the only one..
I got mine off of coins-e a couple of days ago without any issues. I heard if anything messes up, their customer service is pretty much non-exist, however. Apparently they went off a forked chain last week and I'm not sure if everyone recovered their funds from the mess.
But like others said - you can mine it with a normal (CPU/graphics card) hardware at the moment...
1.)cpu mine; i5 CPU gets about 60~80kh/s, which translates to around the same number of coincs per hour
2.)midrange gpus will get you a few hundred kh/s (e.g. my old ati 5770 gets around 150~200kh/s, without too much tweaking)
and assuming you don't want to do any mining at all:
3.)on reddit dogemarket, people are selling through paypal gifts etc in various amounts as small as a few dollars worth at a time, which is relatively low risk. of course, buyer beware and take a look at the community guidelines/suggestions for security.
Dogecoin's transaction volume has been higher than Bitcoin for the past few days: http://bitinfocharts.com/comparison/transactions-btc-doge.ht.... Of course, Bitcoin doesn't take into account off-chain transactions, which at this stage is probably higher than Dogecoin's. The high tx volume is most likely due to all the tipping happening with it.
It's a nascent currency, it's natural for a smaller amount of people to get in early.
I think the more interesting statistic is that, not accounting for addresses for nil/near 0 balance, more than half of all DOGE owners have more than 100 coins. That's more than enough to go around tipping DOGE online.
History has shown that there are a lot of "greedy", but dumb people. A fantastic example comes to mind: In the Netherlands we have a saying "to sell fried air" (Gebakken lucht verkopen) to explain someone selling bullshit.
Yet, in the "dotcom"-hype, there was a Dutch company selling shares for their startup, "f/ried air" and people got in line to buy these shares.