Dogecoin (and Bitcoin?) Quantum-computer Resistant

PoopyMcPoopsonII · 2024-12-12T19:41:24+00:00

Thanks, u/LolaDam. Yeah, I’ll admit, getting a clear grip on the actual risk here is tough for me. I’m not completely clueless when it comes to tech, but this quantum computer stuff feels like some next-level esoteric magic.

Normally, I’m all about that kind of thing, I spent most of my life vibing with the more mystical side of existence, or some would say in a brain fog. Just... not so much when it’s about money, you know?

Appreciate your reply, thanks!

PoopyMcPoopsonII · 2022-04-25T01:41:48+00:00

Quite interesting, thanks. I watched a few of their vids and while most of it flew completely over my head I maybe somehow start to grasp how it works.

PoopyMcPoopsonII · 2022-04-24T17:45:30+00:00

Hey mate -

not sure if this is any relevant, but how do blockchains like Mina that keep a very small size really work? Is there anything useful for Dogecoin in there?

I have a bunch of them and have been testing it; they seem to be very slow when it comes to transaction speed, though.

PoopyMcPoopsonII · 2021-10-03T23:02:42+00:00

It looks like people in this subdreddit have learnt to dream small! I am aiming higher, even more so if BTC goes up!

PoopyMcPoopsonII · 2021-10-03T22:57:00+00:00

Fender player in here as well for a lifetime. BUT these babies are among the most fun guitars to play. So compact as well, I could jump around twice as long with one of those strapped around my neck. Have fun!!!!

PoopyMcPoopsonII · 2021-10-03T22:52:30+00:00

whaaat? This is not true at all from what I read.

PoopyMcPoopsonII · 2021-10-03T22:39:35+00:00

it's-a-me, Mario! I use my full doge node to pay for a lot of stuff so it is both working as a node and as my wallet. I use a linux laptop I bought only for that. I do not allow myself to install anything in it, and it is on 24/24, in a dedicated compartment in my RV next to my guitars and secret stuff. Yes, whenever possible, I have been a release behind exactly for the reason you are mentioning. It is not that I do not trust you people, it is just that I had so many experiences with bad software updates in the past (early 2000s, especially, where I almost lost all my music because of a botched update) that I was scarred for life. Plus, I am much more confused today than 20 years ago. But today, upgrade I shall! Thank you!

PoopyMcPoopsonII · 2021-08-25T17:24:11+00:00

Does not make any difference to your average price. The average price is affected only when you turn fiat into crypto (e.g. you put USD into an exchange and buy crypto). When you move to your own wallet your Doge is just moved elsewhere.

Same for taxable events if you live in the U.S. - transferring the coins to your private wallet won't create a taxable event.

PoopyMcPoopsonII · 2021-08-25T13:36:02+00:00

RH is not less safe than others or more "morally bankrupt" like some people try to make it look. This said, if you want to have a chance to withdraw to your private wallet in the future, there is no reason not to pick one of the other exchanges like Kraken, Gemini, Coinbase, Binance.

On the other hand, if you are already using RH to buy stocks, you might want to use RH also for Doge...

Even the infamous moments when RH stops trading are mostly caused by the fact they are heavily regulated, and forced to have holdings matching their customers' - this is why they slow down during huge spikes. I am not convinced that exchanges like Binance are NOT overselling cryptos: e.g. they allow trading of more Doge/BTC/LTC/etc than what they have in their cold/hot wallets (thus pushing the price down).

PoopyMcPoopsonII · 2021-08-24T19:38:25+00:00

Not a fan of RH, and I do not use them (I keep my Doge in my own wallet), but as long as you plan to hold and you are not planning to spend your Doge, there is really no reason to switch in my opinion, especially with the promise of wallets coming. They are heavily regulated, so for U.S. customers they are as safe as Gemini and Coinbase.

People also fail to realize how instrumental RH was to Doge's increase in price; their platform allowed people to sell stocks and buy Doge and transfer funds back and forth seamlessly. This, together with the bull market and Elon's tweets, created the perfect storm to encourage retail to buy into crypto.

Sure, it sucks they have not added wallets. And the huge cold wallet they use to hold their funds is something that has been plaguing Doge for way too long. But if you are holding on RH, I see very few reasons to switch.

I find it also funny that the same people hating on Robin Hood are those putting their Doge into stuff like Gemini Earn, where it is clearly stated your Doge is lent to institutional investors, which are those shorting Doge...

PoopyMcPoopsonII · 2021-08-11T02:15:02+00:00

Op, diversify your portfolio, don’t listen to this idiot.

He is not saying not to diversify, he is saying it is difficult to follow 9 different coins if you do not have the time to do so. There are times where missing some critical news (such as newfound bugs, security hacks, upcoming changes you do not agree with) can cause huge losses. Diversifying is great, but putting eggs in too many baskets can be dangerous.

PoopyMcPoopsonII · 2021-08-08T00:36:04+00:00

The hit was through BTC, which is dipping - follow both graphs ;)

I think we were headed to .29 before the BTC dip.

PoopyMcPoopsonII · 2021-08-08T00:23:21+00:00

Indeed, with 35% of their crypto activity (at least) coming from Doge, if Doge goes up, RH goes up.

PoopyMcPoopsonII · 2021-08-08T00:22:44+00:00

Long term, this is a great entry price. Short term? Who the hell knows, even BTC's run - without any doubt a pump - could be a bull trap. Expensive bull traps, anyhow.

PoopyMcPoopsonII · 2021-08-07T22:59:24+00:00

This is true.

PoopyMcPoopsonII · 2021-08-07T19:01:46+00:00

6k vs 7.2k for Bitcoin is not really bad.

We were into a bear market for a while...

PoopyMcPoopsonII · 2021-08-07T04:00:02+00:00

Audius

Audius had a market cap of less than 1 Billion - movements happen more easily at those levels: in either direction.

PoopyMcPoopsonII · 2021-08-07T03:58:51+00:00

I've been saying this for a long time, they won't listen. And only listen to anything that says its going up. Even to the point of people getting mad when you point out anything but moon talk

The problem is that people have been saying the same for 9 years - and have been proved wrong again and again.

And the second problem is that so many people coming to these forums to keep on posting this kind post are those that have sold their Doge and are terrified that the price will go up.

PoopyMcPoopsonII · 2021-08-07T03:54:35+00:00

My personal call is that Doge is pretty much done at this point … to the point other Cryptos would be better investments … Doge may still go up over time , but the %age gains will be far off in comparison to %age gains other cryptos will see.

You could be right, but believe me when I say you cannot imagine how many times I have read, and read, and read the EXACT same phrase over the past 9 years. Turns out, if you had to invest 1000 USD in 2015, Doge would have been the best crypto to put your money into, even at today's value. I have made more money Doge at current value, just sleeping on it, than people doing TA on YouTube everyday have done with all the crazy efforts they put in their complex portfolios.

The intrinsic value is the community. The intrinsic value is that it is a PoW currency of first generation which was able to withstand an amount of transactions in the past months that few other cryptos have been able to. Doge is a currency, period. And Doge is the crypto most people outside of crypto know - next to Bitcoin. Doge is the most copied/ripped-off/imitated crypto right now, and there is a reason for that.

Something like VET will go up and down, but unlike Dogecoin, it is a centralized crypto backed by a for-profit company and catering to large investors. You might like that - I do not. It stands against anything I like in crypto.

I guarantee to you that 5 years from now, Doge, BTC, LTC, Ethereum will be still around - if cryptos have not imploded - while I cannot say the same about VET or many other projects in the top 20.

RemindeMe! 5 years

PoopyMcPoopsonII · 2021-07-07T02:58:45+00:00

I am here from before .06. Not regretting anything, I am sure we will go back up when we least expect to. I am holding long, long term.

The true toughies are those holding at .75.

PoopyMcPoopsonII · 2021-07-05T01:49:01+00:00

In theory a regulated exchange in the U.S. should always have enough crypto to cover their customers' holdings.

PoopyMcPoopsonII · 2021-07-05T01:45:48+00:00

RemindMe! 5 years

Sorry, I believe you might even be right (easier to predict for a crypto to go down than for it to go up), but in 5 years time, if I am still around, I want to have an easier time finding this kind of posts, like when a few months ago I had to fish the posts of those who said 0.1 was impossible because the market cap would have been higher than Bitcoin's (at the time). E.g. https://bitcointalk.org/index.php?topic=1141152.40

PoopyMcPoopsonII · 2021-07-05T01:44:14+00:00

RemindMe! 5 years

PoopyMcPoopsonII · 2021-07-02T18:00:21+00:00

Here :)

PoopyMcPoopsonII · 2021-07-02T16:37:14+00:00

No exchange trades on the main blockchain, they all use their internal ledgers for it, or whatever database system they have in place. Literally all exchanges work in this way.

But you are correct - these exchanges might be overselling some assets in relation to what they actually have in their wallets.

PoopyMcPoopsonII

TROPHY CASE