I traced this "doge" in Inkscape using a public domain image that I found on Wikipedia.
So, I got myself a dogecoin wallet to compliment my bitcoin wallet. So, I now have both dogecoins and bits. A bit is one millionth of a bitcoin. The question is, which is better, dogecoins or bits?
Well doges are definitely cuter, but the real questions is, which is technically better? Well, bitcoins are about $1,800 right now. That makes a bit about $0.0018. A dogecoin is $0.001224. If you round up, it is clear that bits are currently worth about twice that of dogecoins, two tenths of a penny for a bit and one tenth for a dogecoin.
Since I'm just getting started with cryptocurrencies, this blog post is mainly just to spark some discussion. Please let me know what you think in the comments below.
You would have to investigate the theory behind the economic quantification behind these currencies. I have not personally dived into their respective goals that inspire demand/need in the marketplace. Perhaps someone smarter than myself can chime in?
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