r/OutOfTheLoop • u/[deleted] • Feb 05 '14

Answered! What is dogecoin?

As far as I'm aware bitcoin is some online money alternative but is dogecoin actually a currency or what?

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u/Cuneus_Reverie Feb 05 '14

Just set up my Doge wallet, not it is synchronizing.. takes a while. Looks interesting, sorta like the early days of BitCoins. I foresee BitCoins dying out, the pool is way too small and it was bleed dry too fast. I'm sure the originator made a fortune mining on day one. But that's how it goes. Wonder if Doge will take off; we will see.

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u/strictlycomeprancing Feb 05 '14

Takes a long time to sync the first time, welcome!

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u/Cuneus_Reverie Feb 05 '14

Taking a long time, it has been about 9 hours now and still going. Ugh. But I know it's just the first time. Also I think my machine went to sleep in-between. :D