Dogcoin QT 1.8 Mandatory Upgrade

[Fulvio]

If you are one of the people using the official QT Wallet for Dogecoin (and I know some of you are), be advised you MUST upgrade to 1.8. See this post for details:

http://www.reddit.com/r/dogecoin/comments/2egjqg/dogecoin_core_18_released_mandatory_upgrade/

You do not have to re-download the blockchain, but you do have to reindex, which could take hours.

The other wallets, including online services, will also be upgraded to implement the change to AuxPoW from block 371,337.

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The haters can ignore this, and just go on hating.

[robbiegal]

hey
there is now a dodgecoin ATM in Canberra (I think) it was on the local news

[coxspau]

I would really like to understand Dodgecoin but at the moment, it's still a very foreign concept.

Is there an idiot's guide somewhere?

[Fulvio]

I would really like to understand Dodgecoin but at the moment, it's still a very foreign concept.

Is there an idiot's guide somewhere?

http://reddit.com/r/dogecoin is a good start. Read the Getting Started tab.

Cryptocurrencies are hard to get your head around at first, yes. Basically, they are decentralised, public, trustless currencies. They are not issued or controlled by a central authority such as a government or a bank. They are created through mathematics and valued through free trade. Which makes them hated by the establishment, of course. Hence the FUD about anything remotely negative, such as robberies, illicit trade, and volatility.

Basically, you get coins through mining, tipping, faucets and trade. Spending them is instant, free (or super cheap, if you pay fees) and irreversible. And everything is 100% publicly visible on the blockchain. So they can't be faked or destroyed, but they can be lost. Lose your private key, and there is no way to recover them. Have a look at this deliberately invalid wallet:

http://bitinfocharts.com/dogecoin/address/DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr

Anyone who could crack the private key could spend that money, but I bet it will never happen.

RG: There's a few other ATMs already, like in Brissy, but they don't handle the three major coins.

[robbiegal]

they were showing on the news a lady who takes that money in her café
she likes it

[Fulvio]

they were showing on the news a lady who takes that money in her café
she likes it

There's a lot to like. Its faster, safer, cheaper than fiat. There are no fees like with PayPal or credit cards, and transactions can't be reversed. So its ideal for merchants.

The only downsides are the volatility and the FUD about real or imagined threats, both technical and regulatory. The FUD will go away as more people 'get' it, and the volatility will settle down with increased adoption.

But first we need to evict the speculators and replace them with actual users, because currencies are meant to be used, not sat on. That's a challenge thousands of people are working on.

Baby steps... :angel:

[Fulvio]

http://bitinfocharts.com/dogecoin/

Scroll all the way to the bottom...

Notice all the wallets that haven't been updated to 1.8.0? When the algorithm switch to AuxPoW cuts in this week, these people will be unable to access their money.

If you're one of them, fix it NOW. Either update the wallet client, or move all your funds to another wallet which is up to date (like the Reddit tipbot for example).

Prices are settling again after doubling yesterday (see http://doge.yottabyte.nu/), but you don't want to be locked out and unable to access your funds, do you?