/biz/ - Business & Finance

>>65701
No I don;t deal with crap coins even if i could make some scratch, not worth the trouble imo.

Mined doge because I was monitoring it's reddit statistics and saw the enormous growth rate approaching litecoin. I knew that would be and indicator of it's success, becasue in my mind I model a crypto like a ponzi scheme. Except, really even regular money is a ponzi scheme. It needs two things to gain and maintain value.

A regular growing userbase

And a power projection mechanism.

Reddit is great in growing the userbase. The meme greatly would aide in grabbing users. Tipping and donating to the Jamaican bobsled team and attracting free talent to develop apps and stuff for the coin is like the power projection. It has everything. I knew as soon as dogecoin was getting tons of shit submitted on dogecoindev and the jamacan bobsled team initiative was launched the coin would be huge. It was unique fresh and viral.

I'm not so sure how long it might last, but I am still mining it until I see something better. I put a few dogecoins into moolah.ch on the off chance it isn't a scam too. i think moolah is a scam, but if it isn't, i will be rich.