The Consumer Financial Protection Bureau issues a warning to consumers that says cryptocurrencies like Bitcoin and Dogecoin have significant risks because they are unregulated:
If you trust someone else to hold your virtual currencies and something goes wrong, that company may not offer you the kind of help you expect from a bank or debit or credit card provider.
Dogecoin developer Ileti rejects Litecoin’s offer to merge mining and claims that Litecoin is actually the weaker coin due to a lack of developer interest in it:
If users were to lose faith in Doge, and wanted to try another crypto – LTC is not what I’d recommend them to. LTC is currently surviving only based off the fact that it was the first Scrypt coin; and it’s doing poorly in comparison to how X11 and anonymized coins have done, due in fact to the competing Dev teams, in my opinion, being absolutely fantastic. They produce great ideas, and work long hours on their coin. It’s a labour of love which I personally feel, is sorely lacking in the LTC dev community.
Litecoin founder Charlie Lee offers to merge mining for Litecoin and Dogecoin, meaning users would receive Litecoin and Dogecoin simultaneously when mining. He says that Dogecoin is too unstable on its own and is destined to fail if they do not take his offer:
Dogecoin was not designed to survive. I’ve reached out to the Dogecoin community twice to help them. One thing about the Dogecoin mining is that it’s designed like a meme; it dies out in one year. It will happen because their block reward is halving so quickly. Their hashrate went pretty high and now it’s 1/15 the size of Litecoin’s
Adult entertainment website Hustler.com offers a lifetime or annual membership to the site in Bitcoin, Litecoin, and Dogecoin. The payments are handled by GoCoin digital payment processor. Hustler founder Larry Flynt says:
By partnering with GoCoin, our subscribers get extra privacy, and HUSTLER stays ahead of the curve by accepting new digital currencies.