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private_messaging comments on Private currency to generate funds for effective altruism - Less Wrong Discussion

1 Post author: Stefan_Schubert 14 February 2014 12:00AM

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Comment author: private_messaging 14 February 2014 11:59:30PM *  1 point [-]

Dogecoin is just a bitcoin clone, not any better than original except it has a cute dog as a logo, and is basically just a joke. AFAIK, it's currently world's third by capitalization.

I think that some expected deflation may be necessary to get people to use it initially. And if value increases rapidly, that makes it profitable to donate. No doubt a lot of it will end up making some of existing owners virtually rich, but the goal here is not to avoid that, but to direct some percentage towards the poor. edit: and note that the poor are helped irrespective of whenever the whole thing is a bubble or not.

I messaged you in private, would be easier to continue discussion by email.