What is Dogecoin?
aedanhall last edited by
Dogecoin is a parody cryptocurrency created by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in 2013. In an interview, Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of the recently added cryptocurrency projects to the market.
Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to post the now-infamous line, “Investing in Dogecoin, pretty sure it’s the next big thing.” It immediately sparked interest from the meme-fuelled crypto community.
Dogecoin was initially designed to be “as ridiculous as possible,” in keeping with its parody theme and to prevent people from actually using it over the long term.Dogecoin may be used for payments and purchases, but it’s not a very effective store of value. This is chiefly because there is no lifetime cap on the number of Dogecoins that may be created by mining—meaning that the cryptocurrency is highly inflationary, by design.
Jacob last edited by
I know that Elon Musk owns it too. And he owns Bitcoin, so I believe that he's really good at crypto trading.
BillShiphr last edited by
I don't think that Musk really cares about the prices of cryptocurrencies, he already has enough money. But for other people, I think that trading cryptocurrency can be a great way to raise money. With the avoidance of scams, because there are too many of them inline, I can recommend Bitcoin Equaliser 2021 as a decent platform to profit.