reddcoin.com

Why Reddcoin and Karmacoin will take over where Dogecoin left off In light of bibcat's post, ["Why Dogecoin Will Never Go Global"](http://www.reddit.com/r/CryptoCurrency/comments/1zckpq/why_dogecoin_will_never_go_global/), I thought I would offer some insights on what I think is happening with Dogecoin. Having owned several million Dogecoins, I was quite happy to see their value increase substantially over the last few weeks. Recently, however, I began to decrease my position when I noticed a quiet exodus out of altcoins altogether (perhaps due to lack of marketplace confidence after the Mt. Gox scandal) and a slow shift to more serious Dogecoin alternatives such as [Reddcoin](http://www.reddcoin.com/) and [Karmacoin](http://www.ikarmacoin.com/). Since a few days after the birth of Dogecoin until around February 14th, the number of daily Dogecoin transactions exceeded the number of Bitcoin transactions, often by 3x. This was a fact often overlooked by those who thought Dogecoin was nothing to fear. Now it seems Dogecoin can barely make 40% of the number of Bitcoin transactions and the coin is all bark and no bite. Community growth has slowed substantially, and the number of active users on r/dogecoin seems to hover around 30% of what it was just a few weeks ago (~500-600 online vs. 1,500-1,800 online at any one time). Some think perhaps Dogecoin's daily maintenace costs may be [too expensive](http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/) while others may think [the mysterious Wolong](http://www.dailydot.com/business/wolong-dogecoin-market-control-trader-bitcoin/) stopped pumping it. Or maybe people just lost interest in the Dogecoin meme. However, I believe Dogecoin paved the way for a new type of coin. One whose user growth is based on two network multipliers for altcoins: tipping and charity. Whereas the very limited number of Bitcoin encourages hoarding and can drive the pri