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400+ Million Burned already. Dogeparty!

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JayeK

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Location: Canada

I'd say that's a nice way to start.

http://dogechain.info/address/DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr

Posted on August 13, 2014 at 9:25 AM

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• Katherine_22

  

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  How much is that in dollars? I am going to burn some I think.

  Posted on August 13, 2014 at 10:13 AM
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• Cryptonaut

  

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  just added mine to the burn pile :)

  Posted on August 13, 2014 at 10:15 AM
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• hashminer

  

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  This is going to be interesting how it effect Doge. I am burning some as well.

  Posted on August 13, 2014 at 10:52 AM
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• JayeK

  

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  Over a half billion now. With 89.7 Billion current supply of doge in circulation, how will this affect the price doge?

  Posted on August 13, 2014 at 11:12 AM
  Last Edited: August 13, 2014 at 11:13 AM
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• dpc

  

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  @jayek Over a half billion now. With 89.7 Billion current supply of doge in circulation, how will this affect the price doge?

  At 0.0056 of the Doge in existence burned this probably won't do a lot to the price. However Doge being related to something useful again and the requirement for Doge to be used for transaction fees might help the price eventually.

  Pro-Tip: I burned every Doge I had, now I need to buy more to pay transaction/asset fees. If you plan on burning your doge, keep a few for transaction fees.

  Posted on August 13, 2014 at 11:24 AM
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• JayeK

  

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  @dpc

  @jayek Over a half billion now. With 89.7 Billion current supply of doge in circulation, how will this affect the price doge?

  At 0.0056 of the Doge in existence burned this probably won't do a lot to the price. However Doge being related to something useful again and the requirement for Doge to be used for transaction fees might help the price eventually.

  Pro-Tip: I burned every Doge I had, now I need to buy more to pay transaction/asset fees. If you plan on burning your doge, keep a few for transaction fees.

  I don't know, that's almost half a percent. 1 billion mark being around 1% of all coins burned in the first few hours. Maybe it's just me but 1% seems rather substantial.

  Posted on August 13, 2014 at 12:21 PM
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• hashminer

  

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  Time will tell but I think this is going to be good.

  Posted on August 13, 2014 at 1:27 PM
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• wildjo

  

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  Can counterwallet hold Doge?

  Posted on August 13, 2014 at 1:52 PM
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• NickNZ

  

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  @dpc

  @jayek Over a half billion now. With 89.7 Billion current supply of doge in circulation, how will this affect the price doge?

  At 0.0056 of the Doge in existence burned this probably won't do a lot to the price. However Doge being related to something useful again and the requirement for Doge to be used for transaction fees might help the price eventually.

  Pro-Tip: I burned every Doge I had, now I need to buy more to pay transaction/asset fees. If you plan on burning your doge, keep a few for transaction fees.

  Cheers for the pro-tip. I am trying to decide if I want to buy into this. I don't currently own doge because of its inflation. If they got rid of that I would jump in.

  Posted on August 13, 2014 at 1:58 PM
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• page

  

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  @nicknz

  Cheers for the pro-tip. I am trying to decide if I want to buy into this. I don't currently own doge because of its inflation. If they got rid of that I would jump in.

  You are burning doge though and receiving something with more functionality and utility. The value of dogeparty tokens are not intrinsically linked to the price of doge. It is quite possible for the price of doge to continue to steadily fall while the dogeparty token's price keeps going up.

  That is all just off the top of my head, though. I am missing something?

  Posted on August 13, 2014 at 2:52 PM
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