My local paper just wrote a solid article on Cryptos, mentions the "dodgecoin" funding of the Jamaican bobsled team. Still a great article for a paper with an audience of under 300k. (Xpost from /r/bitcoin)
Discussion of Jamaican bobsled team and dogecoin going on in /r/bitcoin. Being that bitcoin is the reason dogecoin exists I think these discussions important and enlightening to members of the dogecoin community as we march towards the future
How it will work: I will use Random.org to generate a truly random number between 8 and 88888888. Whoever guesses closest to the generated number will receive 1,000 DOGE through sodogetip at 8:08 PM PST, Saturday, January 27th, which is also when the giveaway will end. Each user is allowed one entry. Directions: Choose a number between 8 and 88888888, and write it in the comments below. While you’re at it, tell me what you think of my Year of the Doge video!
Stuff you might want to read:
Intro: I’m an old shibe who’s been around since the early days (on other accounts) and have the memorabilia to prove it (thanks to Shibe Mint). The Year of the Doge contest reminds me of the Hype Video competition, but with more participants, and the submitted videos have far surpassed my expectations. Everyone did an amazing job, and I’m so proud of all of you!
The Mission: This is a prime opportunity to bring more attention to Dogecoin, and everyone has to play their part. Every video submitted has a unique selling point - the graphics, voiceover, emotions, silliness, display of charity, informational value, or good-ol-fashioned doge spirit, and it’s up to all of us to market the SH**A out of that. Email your local newspapers, write about why doge is the best coin, and tweet your video to every celebrity (don’t forget Tommy Wiseau is a Bitcoiner!). Explain doge’s best selling points, from your point of view, and why everyone should hodl some. After you’ve done that, share it on social media, tell your friends, or give out paper wallets, but please don’t make promises about doge reaching a certain value in USD or making anyone rich; that’s not what doge is about!
Unnecessary Commentary: I’m afraid this sub is losing touch with what makes dogecoin so great - being the antidote to the rest of crypto. Instead of a caustic slew of price discussions and FUD about the market crashing, we’re the meme loving shibes who sponsor racecars and Jamaican bobsled teams. As our subshibers grow and doge moons, we should focus on sponsoring more projects and bringing more happiness to the world. Yes, doge has fast and cheap transactions, but other cryptos do too, and some have more “professional” viability due to their marketing (Dash, Raiblocks, etc.). The real value of doge lies in our community - and more importantly, our community projects, which we need more of… …which brings me to this video (yes, ik, a very bad self-plug, pls forgive) : https://www.youtube.com/watch?v=NuTzXSH9aRg. This piece of work was shot on a fake GoPro that cost me $20, and edited with openshot on debian, so I didn’t think I’d end up with much. Fortunately, what I managed to squeeze out was better than expected, and I hope that after watching it, you’re inspired to go help the homeless yourself. The best tip I have is to see them as real people, with lives just as complex and interesting as yours. If you respect them, they’ll respect you, and most are happy to have someone to talk to. If you love your room as much as Brian Wilson, and don’t like to leave it, you could also help me pay back the socks, as $52 isn’t a drop in the bucket for a poor college shibe like me (address below). And, if you’d rather not send your magic internet money to some internet stranger, you could donate to some of the charities I’ve picked out below.
Let’s forget potential rise in value for now. Can we have a casual conversation about which cryptocurrency has the most interesting concept?
I get that a big part of this sub is about finding the new golden goose to be able to afford Lamborghinis in a house in the Hollywood hills of KNAWLEGE but sometimes I miss the discussions about crypto before everything just kind of blew up with the crazy spike in bitcoin. Everyone talks about crypto now. All of my co-workers, my parents, kids in pre-school, and even my grandparents have gotten sucked into the craze I have no problem with that. I’ve always believed in the blockchain concept and am glad to see the explosion in new ICO’s to kickstart new applications of this technology Problem is most of all discussions now fall into the category of which will rise in price and make me gobs of moolah It kind of limits the discussion to financial incentives at best and at worst becomes a shit flinging match on why “that bitcoin is shit” or “those altcoins are shit” As corny as it sounds I miss the good ole days when we’d have conversations about nothing like on the dogecoin sub today From memes to sponsoring NASCAR and the Jamaican bobsled team and even just plain ole charitable donations the convo was always fun and good natured Sure, they always remarked about how doge will go “to the moon” but it was never about the money. It was a sincere expression of enthusiasm and gayness all around Id love to have a casual conversation about crypto’s in general in the same open and friendly vein as the dogecoin forum So lets kick off this discussion What crypto concepts have you found most fascinating in your research even if people aren’t foaming at the mouth saying it’ll explode in value?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you! Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined! So, what is Dogecoin mining? You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you! So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started. A (Very) Short History of Dogecoin In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own. Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved. They decided to use a popular meme as their mascot — a Shiba Inu dog. https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot! Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome! Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content. Dogecoin has the 27th largest market cap of any cryptocurrency. Note: A market cap (or market capitalization) is the total value of all coins on the market. So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you? Next, I want to talk about how mining works… What is Mining? To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank. Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks. Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!). Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive. Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”! https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87 It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins! Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered. So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see… What is Dogecoin Mining? Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is! Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section. Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations. The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain. Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin… Mining Comparison Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them. Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium! Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too! Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars! However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin. Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try? Let’s see what you need to do to become a Dogecoin miner… How to Mine Dogecoin There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool. Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally. Dogecoin Mining: Solo vs Pool When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin. If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees. As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about! What You Need To Start Mining Dogecoin Before you start Dogecoin mining, you’ll need a few basics. They are;
A PC with either Windows, OS X or Linux operating system.
An internet connection
A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet. Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure. There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core. Now that you’ve got a wallet, you need some software and hardware. Dogecoin Mining Hardware You can mine Dogecoin with;
Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool. If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option… Dogecoin Cloud Mining Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you. All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee. There are pros and cons to Dogecoin cloud mining; The Pros
It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
As a beginner, there isn’t a lot of technical stuff to think about.
You get a steady supply of new currency every month.
Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin? So, Is Dogecoin Mining Profitable? The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small. However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin! But why? Seriously… Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved. Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that! Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
Hi guys, I've been getting into cryptos for the last 6 months and just wanted to share my thoughts on Dogecoin. When I first started actually buying cryptos I started buying Bitcoin and Litecoin since they looked like safest bet. Now that I'm up on my investments and with the recent explosion of altcoins I'm looking to branch out. My point though is that during this process I discovered DOGE. I've always known there was this thing called dogecoin, but I never learned anything about it since I started getting into cryptos. Doge seem is an OG of crypto but just hasnt seen much love recently. So the things I liked about Dogecoin: - It is perhaps the most similar to bitcoin and litecoin. Doge has good activity community, one that appears to be more constructive than the Bitcoin community. As a form of payment and tipping in real transactions, dogecoins are the best fit. With the recent run up of atls like ripple, tron, cardano, etc. People will start looking at doge and doing the math and and wonder why such a long standing coin and supportive community has been overlooked. People will start to pour into Doge and really start to add value to this community. TLDR: Dogecoin has been overlooked while Bitcoin and other alts have surged. Once people start looking deeper, they will start driving up the price of Doge P.S. I hope one day, once I become a dogemillionair to be able to donate back to the community and start funding more charitable projects (like the NASCAR sponsor or Jamaican bobsled team)
(Warning: Shibe rant) I'm beginning to get "charity fatigue"
I initially bought dogecoins (I can't mine) because I thought their value would skyrocket and I didn't want to miss the train like Bitcoin or Litecoin. I stayed with Dogecoin because of its community and the amazing things it has showed the world that it can do. I'm no longer looking to strike gold with DOGE, and I don't mind. Not in the slightest. However, it seems like each time we get attention for doing something nice, everyone and their doge wants us to support their pet charity and gets in a snit because we aren't supporting them, like, yesterday. It was noticeable after the Jamaican bobsled team, but it's gotten much worse after the Indian luge team. Doge4Kids is too recent to tell. I have stuck with dogecoin because I believe in its future as a cryptocurrency, not as a charitable organization. I perform my charity in private, and do not need Dogecoin to fulfill that role for me. If the object was to be a member of a charitable organization, there are already many that perform incredible work and to whom I can give my money. And if the object is to cause people to pay attention to different causes, the effect may be just the opposite. I know that I now either ignore or roll my eyes at the latest pet cause that fellow shibes want me to support. Maybe I'm just a mean, miserly shibe, and this thread will get downvoted to oblivion. But I wanted to get it out there. You may carry on now. EDIT: Just wanted to add that I've supported all three initiatives so far. I'm just a little tired of all the threads looking for support for pet projects/causes. EDIT 2: Grammar
I see a lot of posts about people refusing to sell or saying that people should sell because we're in a bubble. I used to see a lot of these kinds of posts on /Bitcoin and Litecoin. I just want to remind everyone that dogecoin is awesome because we are awesome. We give dogecoin out all the time, we genuinely want to spread the wealth, that's what makes us great. Sell, buy, it doesn't matter as long as when the time comes you can step up and give some of what you have to a good cause. I'm talking the jamaican bobsled team AND save Dogemas (which has fallen by the wayside a bit), so please just keep that in mind. Edit: Thanks everyone for the tips, I'll pay them forward with a vengeance! Edit2: Here's the link to SaveDogemas! I plan to donate all the tips I get here to them, but I just want to encourage others to donate as well. http://www.reddit.com/dogecoin/comments/1vs2v1/savedogemas_lets_make_a_commitment_to_our_own/ Edit3: Hey everyone, I just tabulated all the tips I got, and it looks to be 1200 dogecoin. I know this isn't the purpose of this post, but I just wanted to let you know that I am donated it and matching it with my own dogecoin! It's not millions, but every little bit helps.
Walking On The Moon: How We Can Make Dogecoin's Market Cap Reach $ 50 Billion In The Next 5 Years, Even Before Bitcoin Does
Several things have happened in the beginning of this week. We shibes crowd-tipped the Jamaican Bobsled team. Our actions brought us publicity in the media. The value of dogecoin has skyrocketed, and more shibes have subscribed. But we are still in the beginning of our journey to the moon. I want to walk on the moon. But not in 20 years. That's too long. I believe it's possible to do so in the next five years. As a micro-transaction medium that allows us to deal with minute transactions, dogecoin is in a better position than Bitcoin to gain mainstream adoption. It doesn't have the problem of decimals (1 cent =0.00001 BTC). It's based on a fun meme, hence easier to talk about. Transactions are processed faster than Bitcoin. It appeals to the youth and it's based on the practice of tipping. It has a growing community, approaching 40,000 shibes as I post. Dogecoin has what it takes to reach a multi-billion market cap. Dogecoin can reach a multi-billion dollar market cap in the next few years if we shibes play our cards right.So what do we shibes need to do to get there? 1-We need to become dogecoin evangelists and ambassadors within and outside the internet. Don't just focus on tipping strangers on Reddit, focus on your friends. Do your friends in class or at work know about dogecoin? Do they see you wearing a cool T-shirt with a dogecoin or doge label on it? Teen shibes, have you tipped your parents, brothers and sister as a way of appreciating them? Never underestimate the power of word of mouth, it's how Facebook, Instagram, Twitter and WhatsApp grew. 2-We need to make doge-tipping a cultural phenomenon. It's possible. Look at Anonymous. They hack. But they hack for a social cause. Talk of organised disorder.They punish governments when they error, they expose rapists and they fight out for the oppressed. And just as we have the Doge as our symbol, they have the Guy Fawkes mask. This makes them look cool. We can become an organized movement like them, but instead of using our computers to hack, we can use our computers to tip on cool projects. Don't forget the Arab spring. Millions of people used social media to oust dictators like Qaddafi and Hosni Mubarak. And how the Harlem shake became a thing for some time last year. Shibes, we must act smart and find a way for dogecoin to become "the next trend". 3-We need more social causes to support. By helping the Jamaican Bobsled Team, we've become heroes. We need more things to support. But we also need to be selective. We have to find causes that are unique, original and can get us in the media, just like the story of Jamaican Bobsled Team got us media attention. Last year, people funded victims of Boston Marathon bombing as well as those affected by hurricane Sandy. This year, opportunities to be heroes will still happen. Let's just make sure dogecoin will be heavily used this time, then we shall be able to stamp dogecoin's name all over the internet. 4-We need to tip whether the value of doge keeps going up or down. Over the past few days people seem to have halted tipping using dogetipbot because of the value of dogecoin going up. THAT'S A MISTAKE. Remember that tipping is what brought us to this point and it's what shall take us to the Moon. If the rise in dogecoin's value is causing you to halt tipping, then buy/mine as much dogecoins as you can so that you can comfortably tip without losing many doges. Just don't stop tipping. 5-We need to always remember the true impact of tipping. When you tip, you are educating the world about dogecoins. You are making people feel appreciated, just like many of us shout WOW when we are dogetipped. That person will also learn to appreciate others by tipping. This means that they will buy dogecoin which will increase it's value. As the saying goes, it is blessed to give than to receive. We gave the Jamaican Bobsled Team $30,000, and the value of dogecoin more than doubled. 6-We need to make Vehicles that enable tipping and we need to fuel them. Dogetipbot has been an effective tool for tipping on Reddit. However, many folks are not on reddit. 'Tip with dogecoin' is the next Facebook 'like', or the next Twitter's 'tweet' or the next reddit's 'upvote'. Over the next coming months many developers will make applications that enable tipping using dogecoin on other places on the internet. I know someone will make an Android app that will enable us to tip others instantly from the phone.We need to fuel them by using their apps and informing others about them. If we don't, other developers will be discouraged from building on dogecoin. By the way, my friends and I are building a Rocket to the Moon. We've started developing a blogging platform code-named PlatformX (not actual name) -homepage screenshot- where people with creative minds like writers, photographers, artists, curators and other bloggers can showcase some content for free while hiding other content. It will be simple to use, but the underlying software is sophisticated. You can enjoy their work for free, and if you like it, you can tip to unlock and view more awesome work. We shall reveal the actual name of PlatformX and announce it here when we launch. However we'll need Beta testers when our site is up and running, if you're interested please send an email titled Notify Me When You Launch to [email protected]. 7-We need to punish those behind scams. Someone opened a twitter account pretending to be the Jamaican Bobsled Team, asking for donations. Make no mistake. Bad people out there will try to exploit our wonderful act of tipping. These people need to be exposed and embarrassed.The best way to deal with scams is to educate every newbie what to watch out for. The burden of proofing a tipping cause is authentic lies on those who organise crowd-tipping events. At platformX, we anticipate some people shall create hoaxes by tricking others to tip unlock when they have no content or wrong content locked. We have a plan in place to stop and embarrass these offenders, just wait and see. 8-Finally, once dogecoin gains widespread popularity, bigger players like Coinbase and CoinMK will start allowing us to buy doges using dollars instead of BTC. This will make it easier to purchase dogecoin, and it will drive the value up. So, fellow shibes, we have a job to do. We have making tipping a cool thing, a daily occurrence, a cultural activity, a trend. We need to make dogecoin the most popular medium for donating and dealing with micro-transactions in the internet. I suggest that the guys who organised the Jamaican Bobsled Team doge-fund should lead the way. They should make a website where after determining unique projects they could post them and we could fund, but not many less we lose focus. Many projects at a go divide the total amount of donations. One cool project at a time is enough - unless an emergency (like a sharknado in New York) occurs which could then be added to the current project. This way we could fund one project in huge sums, and this will help us get more attention in the media. As I post this, we are approaching 40,000 shibes. Think about what will happen if we make dogecoin the main medium for donating projects? Imagine what the value of dogecoin shall be when we reach 10-100 million shibes funding many projects that amount to billions? A cultural phenomenon! TO THE MOOOOOOON everyone. If this makes it to the front page of dogecoin subreddit, WOOOOW. Edit:I had misspelled [email protected], sorry for the inconvenience
Hey all! GoodShibe here! Here's what I'm sure of right now: We're not seeing the full picture. There are clearly a lot of forces at work within our currency that we simply just cannot account for. And I'm not saying this because of the wild conspiracy theories that've popped up -- sorry, no one person is going to control all of the activity across four major exchanges. It's just not going to happen. Those of you who bought in and held, please continue to. Whatever's going on out there, let's just say I'm having flashbacks to the first days of DOGE (remember yesterday's column?). Hold your DOGEs. Hold them tight. If this is legit, you're only going further to the moon. If it's not, you're preventing what could very well be a DOGEpocalypse-level pump and dump. Long-time readers will understand what I mean when I say 'DOGEpocalypse' but for new readers, what this whole column was originally designed to do was to educate the community and prevent this from actually occurring. The block reward halving is on February 14th and I've called for some major attempts at pump and dumps between now and then, but none so fearsome as the DOGEpocalypse. Essentially it's a pump and dump designed specifically to crash the currency - where, due to a convergence of several vectors, the currency is massively over inflated and then artificially deflated to the point where people with massive amounts of BTC can buy huge swathes of the currency for cheap. How cheap? Should the currency be artificially deflated enough - should the crash hit hard enough - there may come a moment where the DOGE is worth around 1 Satoshi. Not that it would be there permanently, but temporarily, long enough for people to panic sell everything they have and for 1 BTC to buy 100 Million DOGE. The DOGE would then recover and all of that once-evenly distributed DOGE would now be solely in the hands of a few. Which would, essentially, kill the currency. Certainly in any way or shape close to what it was designed to be. It would be more 'valuable'. Sure. But good luck making it easy for everyone else to get, keep and share. You see, once DOGE reaches a certain level, a psychological response kicks in. DOGE becomes 'money'. Becomes a LOT harder to just 'give away'. You'll already notice that tipping seems to have died down across the community - and when it does happen, it's for much, much less. Because now we're thinking about 'how much' we're 'giving away'. And that greed thing I talked about yesterday? Well, the community we have will become something else entirely. DOGE becomes a cute Bitcoin-lite, swarmed by wolves and weasels, easily overwhelming our 'fun' community, making it almost a footnote before the time that 'DOGE' grew up. And that's only if our reputation survives the amount of scammers that are going to absolutely destroy any credibility our marketplace has. And yes, I know there are those of you out there who are absolutely salivating at that idea -- that DOGE gets 'taken serious'. But being 'important' and 'being taken serious' are not the same things. You can be 'important' without selling out the community's soul. Right now, the DOGE is being inflated to the point where the whole community feels stupid not to sell and buy back in at the 'eventual' drop. And I'm telling you, my gut is telling me: Hold the line on this one. Don't sell. Don't touch it. Walk away. This smells bad. It's 7:34 AM EST, your Global Hashrate is falling from 59 to 57 Gigahashes per second and your Difficulty is rising to ~768. As always, I appreciate your support. GoodShibe EDIT: Remember that part about 'several vectors'? Here's just one example of what those 'vectors' could be -- and how one seemingly amazing act of selfless kindness could actually be kickstarting the DOGEpocalypse. And I want to foreward this with an apology: Sorry to those of you out there who are doing this amazing thing, especially including dogefreedom, who I do not intend to smear or offend in any way - I believe in you and think you're fantastic Shibes for what you've done! - but what I'm explaining below is exactly how one seemingly good turn can go incredibly sour. Follow my train of thought:
The Dogesled story garners attention, gets eyeballs on DOGE - someone shows up and gives 20 Million DOGE. The part about someone 'giving' almost all the DOGE to the project becomes a footnote in the story.
The story becomes 'DOGE community raises $30K overnight for Jamaican bobsled team'.
Oh, look, DOGE's price is going though the roof! Look at that performance! Who doesn't want to be a part of that?
World sees DOGE and goes 'wow'! 'Savvy' investors jump in now, thinking they're getting in on a speeding bullet train. DOGE spikes further.
That $20K investment just caused all your other holdings to spike. 'Cause, let's face it - if you have, and are easily willing to giveaway 20 Million DOGE, you're sitting on more than that. You're going to make your money back... and then some.
Once you hit your limit, you cash out, let the market die as you flood the exchanges with DOGE. Re-buy in once the currency tanks -- or say 'screw it' and walk away, let the buzzards pick at the bones.
DOGE is remembered as a cute fad: a flash-in-the-pan.
EDIT 2: I know there are those of you out there who disagree with my perceptions. And, hell, I hope you're right. I truly hope that I'm incredibly wrong - I hope I've just embarrassed myself tremendously and that I've got egg all over my face and that I'm as wrong on this as I'll ever be on anything in my life. I truly, truly do. Because to be right would be the worst thing in the world right now. EDIT 3: To clarify: 'Holding them' in the context above means "don't sell them on the marketplace to cash out" -- not "hold them and don't share them with others in the community". Just in case I confused some folks out there.
Community-led Discord AMA Transcript - October 12th, 2018
On October 12, our CEO - Marshall, Director of Product - Patrick, Director of Business Operations - Kristal, and Senior iOS Engineer - Ephraim stopped by the community-led Discord channel to answer your questions. Here’s a transcript of the questions and answers.
meakkineni: Can you give us some Crumbs stats? Like the number of downloads, total amount managed by Crumbs etc
Patrick: Unfortunately cannot go into detail but we are into the thousands of users.
meakkineni: From the jobs postings looks like you are recruiting more people for Crumbs. Can you tell us about some of the exciting new features that are going to be implemented?
Patrick: Expect to see on-demand purchase of crypto bundles, mainnet deposits and withdraws, integration with Metal Pay, and more coins! Over the coming months, we plan to offer lower fees for MTL holders, unlock features, and more!
Abu: Is Crumbs going to include any gamification aspects in the future? How is the marketing strategy for Crumbs differ from pay?
Patrick: Yes, we will add an element of gamification in the future, the current focus is user acquisition Marshall: Yes big surprise coming here, but I'll save that one for later. the marketing strategy will be closely tied together for both apps as they are tied together, and you will see this from a technical and feature perspective as time progresses
On Metal Pay…
red: How come we don't have referrals yet? Are we holding the feature back for some reason?
Ephraim: Referrals is one of the most exciting features we have in the works, because not only is it a technical challenge on both front-end and back-end, but it also introduces a new way to earn Pop. In fact, we’re just about wrapping up and finalizing the details for this feature, while making plans to translate the tech to support even more ways to earn rewards in the app. Something to look out for in version 1.1.0 😏
flumpson: My biggest hurdle in getting people to sign up is that their bank doesn’t work. In my case it was Citi. When will there be router and account number signup for people who aren’t served by plaid?
Ephraim: Currently the app integrates Plaid, a bank-linking SDK that supports over 90% of U.S. banking customers and is used by some of the biggest names in FinTech. We are aware however that online banking is required with your financial institution, and one way around that is routing/account number input. This feature is on our roadmap as a new service that will verify your account via micro-deposit. TLDR; it’s definitely coming!
Mondo: How do you see Metal Pay taking market share from the more popular apps like Venmo and CashApp? What will convince new users to switch over?
Marshall: I really believe through innovation, amazing user experience and specifically the value proposition to users on new behaviors and new technology. Specifically, I believe PoPP and the interactions with crypto to be completely new behaviors that the mass market is yet to be introduced to. Being paid (currency not points) for making a payment? I think this is a new concept and one that Metal owns. What will convince them? This is the hard question. A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings). When I started this company I recognized that design, user interface, user experience, incentives, and proper information were the biggest holes in cryptocurrency. We are hitting on all of these pieces.
Mondo: “A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings)" - is there an estimated date for this campaign? I'm sure your community would love to help where possible as well.
Marshall: We are in the process now of smoke testing our campaign strategies, and we will certainly be involving the community as we begin.
biyamin: "I am not okay putting my social security number in [Metal Pay]. Is there another way?"
Ephraim: This is one of mostly heard feedback, and we’re aware of the friction it can cause among new users. However, it is due to our financial partners' requirements, U.S. law, and FDIC insured Cash balance (we create a bank account on behalf of users) that prompt us to ask for SSN during on-boarding. Rest assured, we have a plan in placed to make onboarding as streamlined as possible, especially when SSN no longer serves as a fool-proof means of identity verification, due to recent security breaches by large firms. Finally, we have in our roadmap to allow users onto the Metal platform with limited KYC. Marshall: Yes in the future you will be able to skip over this requirement, however linking in personal information will make you eligible for PoPP (this serves as the anchor), without it you won't be able to access those rewards and some special features like having a bank account with us.
jake_eisenberg11: When will Metal Pay release in New York happen?
Marshall: This is a tough one, it will happen upon one of two things coming to fruition. An exchange partner joins us who has a Bitlicense and will deeply integrate their back-end with us or us acquiring our Money Transmission License for NY and the accompanying Bitlicense (which if this is the case will take at least 1 year). That being said we're shooting for the former obviously, a partner to help us fast track and we've got a few in the pipeline
[A bunch of different people]: When will Metal Pay release in [insert location here]?
Kristal: I can assist with all the WHEN will Metal Pay release in MY STATE or COUNTRY. We have no firm timelines on either, but we are pursuing all states and expanding to Europe/Asia simultaneously… Ditto for Crumbs.
Jan: Quick one - Metal Pay debit cards?
Marshall: VERY SOON, it's next up on our feature roadmap
redruggles5: Really excited about Metal Pay for merchants, particularly micro-business. Are you able to tell us how that will look and where in the timeline that is? Do you have plans to integrate with current bookkeeping software like QuickBooks, plans for accepting credit cards/integration with Pay, etc? The biggest objection I get is in regards to integration with their current system, the ability to accept cards, addition of QR codes or another private way for customers to pay besides their phone number. Lastly, will there be a separate referral system for merchants?
Marshall: We are very excited as well, in terms of merchants we are going to start with the integrations into existing POS. Integrating with QuickBooks and Intuit are a must for crypto record keeping for S/M/L business, we have ambitious plans for this. Referral system for merchants via consumer - YES.
ekasu: Is there a possibility to increase the Metal Pay bank transfer speed (from 1 day or so currently to within the same day like Venmo) to increase competitiveness/attraction?
Marshall: Yes with Instant ACH for US customers, a feature we will be adding and is in the PF board on Jira
Bitcoinbella: Are there any plans for retail stores to use Metal yet?
Marshall: Yes, a big part of our plan of attack here is to launch first with the debit card so we can go anywhere Visa/MC is accepted. The next step is to go after small business with technical integrations through payment partners as well as simple QR codes at the register similar to Wechat/Alipay (China really inspires me). Technical integrations - this means WooCommerce, WordPress, Shopify, Authorize.net, etc, and for physical brick and mortar stores working directly with processors (lots of them see Square as a threat and are much larger, eventually Square will go to cut out interchange and stick it to the credit card companies, many partnership opportunities abound)
jake_eisenberg11: When cannabis merchant service?!?!?!
Marshall: We have pivoted away from high-risk merchants, that being said crypto is like cash and is permission-less. The bank poses no restrictions on what you do with cash withdrawn from the ATM unless you are doing something that could be considered illegal or pose harm to the bank. Very similar to us, replace paper cash with crypto.
ekasu: What is the deadline looking for these features: (a) transfer Metal to erc20 wallet/Metal vault; (b) use Metal Pay with merchants
Marshall: Mainnet deposit/withdrawal early end of this year or January. Metal merchants will kick off with our card integration for consumers, integrations for Merchant will start next year (upon hiring more developers) Glenn very early on built a very cool WordPress plugin for WooCommerce. These integrations for WP, Shopify, etc will come first and most likely early in 2019.
meakkineni: Looking at things so far, I have a feeling that PoPP score implementation has barely started. What is the time frame we are looking for it to go live?
Marshall: PoPP score is implemented just not integrated into the UI, this is a high priority one for us.
Decoder1: There's been talk about making the MTL token more prominent in both Crumbs and MetalPay. Some things which have been mentioned are discounted fee's, moving it to the top of the buy list, unlocking special features and obviously the increased POPP score which has already been confirmed. Are these still in the works or have they been shelved? If so are there any other bonus features Metal are considering?
Marshall: I'm really looking forward to adding these additional features to highlight the special function of MTL inside the Metal ecosystem of apps. Some things that have not been talked about yet are early access on special features for users with a MTL balance, gamified features to unlock surge PoPP, partner integrations and more.
NilesCrane: What will be the utility of the MTL token when other tokens are available to be popped? What will being the 'native currency' for the Metallicus apps involve and why would you expect this to drive the token price higher when other tokens are available in the same network? kt: When will we start to see some other utilities for the MTL token through pay and Crumbs etc, other than the existing PoPP mechanism, and what are they likely to be?
Ephraim: We have a grand vision of how Metal and Pop will play a role in your daily experience on the Metal platform. Although we can’t go into too much detail into the features we have in our roadmap, we can say that MTL token will be an essential part of the Metal platform and overall ecosystem. Earning Pop when making payments is the stepping stone to realizing this vision, as we become the best, most rewarding, and user-friendly payments/crypto platform on the market.
Deaethtofiat: Will Metal's [ticker] still be changing?
Marshall: That [$XMT] is something we want to do upon announcing our mainnet chain.
Tblgu: Did Metal pay a fee for Bittrex relisting?
Kristal: Simple answer is no. We haven't seen any American-based exchanges charging for listings, and we believe the Bittrex re-listing was based entirely on the merits of our company.
marc0o: I know it might take a while until Metal reaches Europe. My favorite and IMO very promising exchange (Lykke) often gets the question whether PayPal can be used to deposit EUR or FIAT in general. Do you think it would be possible and useful to partner up with exchanges to provide FIAT deposits/withdraws?
Marshall: Yes we absolutely do and are talking to top exchanges right now, there are so many exchanges that are crypto/crypto only and we think we make a very nice fit for an integration to be the onramp/offramp, p2p payments, spending and link to the merchant world. This is a critical part of our business model and so far we are seeing HEAVY interest.
lemme: Why is Metal selling so much $MTL from the operational pool for such a low price?
Marshall: Selling and spending are two different things, so I think one of the assumptions is that selling = spending which is not the case. Yes, we are selling MTL to fund our operating bank, but not spending it at the rate that we are selling it. We are doing this because of three reasons: (1) We raised a very small amount last year to build out our apps (which arguably we have delivered) $3m vs most crypto startups raising $20m+ and we have delivered much, much more. (2) We need to demonstrate a full year of burn in the bank account to close the audit. (3) We need to close the audit to retain our money transmission licenses to get all fifty states, Europe as well, in addition to certain features like in app-exchange that we do directly. We're actively growing the company and as soon as we close Series A we will stop selling and focus on accumulating (not only MTL, but certainly as much MTL as we can get our hands on while diversifying).
ekasu: How likely is that more MTL is taken out of the operational pool in the short term, which can decrease the price much more?
Marshall: MTL will be taken out of the operational pool until the successful closing of our financing round which we are in the process of right now
meakkineni: Have you come up with any other significant use cases for MTL apart from BNB style use case in Crumbs and building a better PoPP score?
Marshall: Yes, and you will be hearing more about that as we plan to release an updated paper showcasing the fully decentralized aspects of the chain we are building.
marc0o: I hope I remember it right. A while ago Marshall talked about Metal being a service targeting people that do not have a bank account. Is this still on the roadmap?
Marshall: Yes it is. I know it may not appear that way right now but I firmly believe a good product keeps a narrow execution and a large vision. So the first part of the network and what will eventually become decentralized is starting on the equivalent of testnet or centralized (this is not too different than Bitcoin or Ethereum in the early days). We’re starting with linked bank accounts and moving to keep that as an option that people can skip over and opt to choose a stable coin, all while creating a Metal profile and [obtaining a] PoPP score.
Parker: Would Metal consider doing token buybacks (a la BNB)? Are they even legal in the U.S.? Could doing so make Metal a security?
Marshall: As a company, we will buy different cryptocurrencies at different times depending upon the market situation, buying MTL is something that we will do, as far as any guarantee to x amount being bought back per quarter or percentage of profit, that is most likely indefinitely off the table for a US company.
CryptoSheffield: Do you “own” the PoPP concept?
Marshall: We own trademarks yes, the first mention of media and are working on a provisional patent. This type of thing is very hard to get a patent for even harder to defend right now.
Future: Some people noticed Sid no longer on the website. Has he moved on? If so what's the story there?
Kristal: Sid put together some beautiful designs and helped shape and create the early stages of Metal until it's launch. As we move into the next stage of post-launch, we amicably parted ways with Sid and wish him continued success wherever he goes. As a company, we're on the hunt for a Principal Designer to continue our progress on great design and user interface, to push us into the next phase of our product. Marshall: I'd also like to add design is incredibly important to me and the reason I hired Sid. If you follow my work from my first crypto/fintech startup I've always been a stickler for amazing user experience and design, specifically with Metal I'm going above and beyond and creating what I believe to be a work of art, something that will be on showcase in the Moma in 20 years from now on a design exhibit.
SciGuy: You guys still thinking of launching in Korea? Of all the places, this is where I'm actually going to be paying very close attention. Korea loves crypto.
Marshall: BIG TIME. We want to enter the Korean market ASAP as we know we have quite a few fans there. The goal is to quickly enter the international market by the end of this year. Now that Nebula is working the next hurdles are bank/FI partners, licensing, localization and marketing (its more complicated than that but those are the critical pieces to expansion). Keep in mind we will be allowing anyone in the world to sign up in the future and skip bank while choosing a stablecoin as their "bank" fiat choice. This goes back to the unbanked question. If we just release a crypto wallet and say tada we've banked the unbanked... have we really? I'm serious when I say it. And you can see it in the progression with our products and the vision. Gotta link existing banked citizens along with merchants and unbanked, they all must be in the same ecosystem. Otherwise, the dream can't become a reality.
andrea: I would like to ask about timing. I remember there was a talk about things that could be done before EOY such as new crypto implementing PoPP; debit card, series A round.
Marshall: Yes, I'm happy to say this is all on track. In terms of fundraising round, I believe the missing link for us is demonstrating user growth and b2b client acquisition, something we are working on fiercely right now. One of the things I saw in Dogecoin community that was really awesome was the involvement of the community in viral campaigns (especially for good) such as NascaJosh Wise, Doge for water, Sending the Jamaican bobsled team to the Winter Olympics.
nofomo: Anything you can share about things to look forward to before EOY? Any big partnerships, etc.? From a marketing perspective, are there ways that MTL can showcase or communicate SEC compliance more? Not to flaunt it, but as people scramble out of bad projects/Tether, etc., it might help to get more info out there. When Desk, and can we expect to see USD/MTL pairs?
Marshall: We have quite a few new features coming: PoPP in under ten minutes always, PoPP notifier so you can know if a payment is PoPP eligible, API for other companies (exchanges, cryptos, FIs), adding more cryptos for PoPP funnel, buy functionality, mainnet deposit/withdrawal. Partnerships we have a few big ones in the pipeline 😉 In terms of compliance I think our actions speak louder than words, we operated very differently than 99% of the other companies in the space and focused heavily on compliance in a rapidly evolving landscape. We were chastised initially for keeping the token offering private and to accredited but in the long run this was the correct way to operate and we're seeing that now. Desk/Vault is postponed until next year as we have more than enough to conquer right now on Pay/Crumbs... USD/MTL pairs, soon!!! Not just with us, but on other exchanges we anticipate.
meakkineni: Has any other banks shown interest in Metal lately?
Marshall: Yes, a few big ones, as well as smaller tier 2 banks
meakkineni: Is there any tangible benefit Metal has gained so far by sponsoring Necker Cup?
Marshall: Yes, quite a bit with partners we are in talks with now, in addition to bringing in investors in our next financing round... Not to forget influencers!
cryptoandcannabis: Is there any institutional support for Metal being shown, even in preliminary stages? Now that traditional asset custodians such as Fidelity are in the mix maybe MTL can become a slice of people's crypto asset class
Marshall: We are starting to see interest from the big custodians in the space, very exciting times. Fidelity recently entering has really helped this, in addition, several trust companies are opening up.
On Metal Blockchain…
1Chance: Will [Metal] consider supporting any of the stablecoins?
Marshall: Yes, all of the good ones we will be supporting.
Yannik: Will be some parts of the new Metal Blockchain open source? And based on Stellar?
Marshall: Yes it most certainly will be open source and anyone can connect to our public network. Based on Stellar? Where are you getting this information? 😛
Québécoiserie: Are you working on Metal Blockchain now or has it not started yet?
Marshall: We are in the very beginning phases and testing the assumptions for PoPP on our centralized back-end. Additionally, we are in the process of raising a funding round, The Metal Foundation will be running the open source initiative when we launch it next year.
Decoder1: There is a lot of talk about a Metal blockchain - this sounds exciting but also quite ambitious because it can take years to achieve the fine tuning and security required to develop a new blockchain. Would it be PoW? PoS? Wouldn't it be easier to build a side chain on Ethereum like Loom, or build something on Cosmos SDK to take advantage of existing layer 1 security solutions? If you plan to one day PoPP with other tokens Cosmos might be a good idea. My concern is that with a small team and many things like Desk, Merchant, revamped Vault, new features on the App, Android, new regions, that Metal might be biting off more than it can chew. So if you could elaborate more on these plans that would be great!
Marshall: This is a correct assumption and we are already doing a lot, there is a reason we have put Vault/Desk on hold while we focus on Crumbs and Pay. In terms of the blockchain side, we are staying agnostic and specifically with the consensus mechanism we are looking at lots of options. We will, without a doubt, be leveraging other chains for interoperability. Jae Kwon is a good friend of mine and I think Cosmos has a lot of potential (I'm an investor full disclosure), I also look at the work that has been done with Komodo leveraging the bitcoin blockchain, I find this very interesting as well. The idea here is that this will be a non-profit initiative under The Metal Foundation and not directly intertwined with Metallicus Inc. the private company.
meakkineni: Lately we have been talking more about Metal Blockchain than Metal Merchant. Has the focus shifted?
Marshall: The focus has not shifted, one of the things that did change from the inception of the project until now is that we've decided to stay away from re-inventing POS and merchant software, we feel that it is better to partner with processors than try to replace them ala Square
Sporklin: I did warn I came with a vital question. @Marshall Shoes, you are known in the crypto space for having good taste in clothes. What is on your feet at the moment?
Dogecoiner (and mostly lurker) since Day 1 speaking out.
I've seen Dogecoin grow since day 1. I remember mining thinking this is the most hilarious, dumb and weird thing the internet has created in a long long time. Lurking 4chan for years I saw threads all over /g/ spread around talking about Dogecoin. Day 2 geek.com and geekosystems.com released articles about Dogecoin, this was the first time a cryptocurrency was ever covered second day of release. About day 5 I brought 10 million Dogecoins from CoinedUp.com the first exchange to trade Dogecoin, I thought this coin was going to go viral. The hashrate went from 2MH/s to 500MH/s within just 6 days of release. The announcement that Doge is going on Cryptsy made shibes filled with excitement, from there I saw the coin skyrocket from about 40 Satoshis to a high of 230. My investment more than quadrupled and I was so happy that not only was my investment increase in value but that a coin I believed in had a market of great people that believed in it too. Of course after that rise there was a crash. It went down from 230 satoshis all the way to 23. All hope was lost and the community started crying for Jackson Palmer to make some sort of change and save us all. Some blamed dogeflation, others on the fact that this was a meme coin. There was a lot of things to point the finger at and everyone found everything possible to blame. After reaching a low of 23 satoshis a rocket was strapped onto Doge and it rose from 23 satoshis to 140 over night! We were thrilled and excited! Bitcoiners, Litecoiners, BBQcoiners and Peercoiners alike were amazed by the rebound and quickly shut their mouths about the idiocy of Dogecoin. All the while the community developed a plan for the Sochi Olympics and the Jamaican bobsled team. Excitement was vibrant and we were happily tipping. I donated 1 million Doge to a friend who told me about Dogecoin day 1 and we were all excited. Now lets just fast forward to where we are now. Despair has hit the market, posts blaming other shibes for dumping the coins, why the community shouldn't keep it's donating culture and why the coin has fallen the way it has. Honestly it's no different from what's happened before... Fellow shibes there will be another market high. This is just a temporary swing within a market that is growing quickly and people that are enthusiastic about it's future. There's going to be falls but there will also be gains. Think about how to develop Doge's infrastructure through apps, services and marketplaces accepting Doge. Think about where we'll donate to next, think about the wonderful things the Dogecoin community has done and what we'll do for the future. Guys this isn't the end, it's the beginning. It's still early days and we still haven't seen close to what Doge is capable of. I'm a heavy trader and miner but I'll never be attached to any coin as much as I'm attached to Dogecoin. I'll continue spreading the word of Doge and I'm going to keep trading to grab as much Doge as I can because I believe that this community has connected crypto and humanity together more than any other coin ever has. TL;DR: Much history, such moon, very believe. Hold your head high /dogecoin. We'll go to the moon so long as we keep the enthusiasm we've had since the coin was at its high. I believe in this coin and the community. To the moon!
How to generate the Colbert Nation's interest in Dogecoin
I've seen some posts suggesting that getting Colbert Nation to become shibes would be a big win for Dogecoin. The powers of meme-ness and generosity of the two groups would create a critical mass of incalculable wow. such charity. The Colbert Report features charities that he supports on his show quite frequently. If the Dogecoin community answered every Colbert Nation call to arms, I'm sure it would get some mention at least at some point. I'm a big fan of the show and the two charities that I hear about the most are Donors Choose and the Yellow Ribbon Fund. They support classrooms and veterans, respectively. Here is what I wrote to the Yellow Ribbon Fund, after making a small USD donation (I donated and wrote a similar message to Donors Choose as well):
Does Dogecoin still have the potential to succeed?
Around 2-3 years ago I first got into crypto currency after hearing about Dogecoin with the recognition it was getting for the Jamaican Bobsled team and sponsoring Josh Wise. I purchased some Dogecoin and then I started getting addicted. The community was very active and fun and the price was going up a bit and I started buying more and more. I remember websites making articles about crypto currency and Dogecoin and Litecoin were often talked about as the next best cryptos after Bitcoin. The community started to die down compared to was it used to be and I haven't been active since. Today I opened my wallet for the first time in over 2 years. 5.4 million doge sitting there, valued at roughly $1200. I'm sitting here wondering what I should do. On one hand, I could exchange some of it for bitcoin, but on the other hand, a part of me deep down is telling me that I should still hold on to them. I know that this community is all about having fun and not taking things too seriously in regards to the value of Dogecoin, but deep down I know that most people want this to succeed. I've just been so inactive with crypto currency for the past 2 years that I don't know where Dogecoin stands anymore as far as being a successful crypto currency. When I look at the market caps of the different cryptos I'm seeing a bunch that I never seen before that have much higher market caps. I remember when the top 3 were always Bitcoin Litecoin and Dogecoin. Do you think Dogecoin is still capable of increasing in value? Alright that's enough rambling from me, apologies if I'm asking a stupid question.
And for the first time I'm complaining about this community. I have done more good with my time and money since December 8th than I have most of my life. That's all thanks to dogecoin for letting my personality shine on a international level. I helped send the Jamaican bobsled team to Sochi, I helped build two water wells in Kenya, I help a couple students build a robot, I helped the University of Alberta to build a satellite and lets not forget the NASCAR race that is happening on birthday. I also have a slice of moolah's first round pie. To the problem. I have tipped so many coins for so many great reasons. Yet now I'm not feeling the same about Dogecoin. I see so many posts about the merge with litecoin, about becoming asics resistant, about missing out on some crazy tip spree, so much idealizing, so much panic over the price. This community never had a sense of entitlement before, It never idealized Billy or JP, we just thanked them for creating a coin for likeminded people that fit in a community of generosity and acceptance. Not once did anyone say that they would get rich from dogecoin. Never did we post about what should be done about asics and yes asics was being talked about and preordered before dogecoin. Never would we cut up another coin, especially Bitcoin and Litecoin. From the start dogecoin wanted to live along the side of them, Remember that. Remember what it was that got you to come here over all of the other coins that you could of joined. Remember that it started with acceptance and generosity. This is the impression we need to keep moving forward. Not the constant wining and bullshit sense of entitlement.
This post will probably get downvoted on masse by the Dogecoin faithful but I wanted to post it here anyway so it is out there. A lot of Dogecoin believers really do think Dogecoin could one day be on parallel with Bitcoin. They have bought up huge amounts of the coin thinking that it will rise meteorically, just as Bitcoin did; that it will take over the globe and will award them with ludicrously massive returns. Here's the problem: Dogecoin is way too middle class America to conquer the globe. It belongs to the 24-30 year old New York media student set. It's entire image belongs alongside Gap adverts, and Apple iPod adverts, and other adverts where multicoloured balls randomly fall down the streets of San Francisco. It has personality. It is cool. It has irony, and is even ludicrous. It sent the Jamaican bobsled team to the Olympics. Haha, wow such comedy. Such doge. The trouble with doge however is that it doesn't understand why Bitcoin is global. It's not looking at the situation through the eyes of the global community but rather the American-centric, liberal orientated world of the college middle classes. Bitcoin has zero personality. It is not cool. It does not have a unified community that engages in unified campaigns. It is mute and humourless and numb. People of the world connect with it, because it can be anything you want it to be. This is what it means to be global, and that's where it's beauty lies. It is universal. Bitcoin is just as much pro-democracy as it is pro-China. It is just as much pro-Obama as it is pro-Putin. It is anti-American and pro-American, anti-European and pro-European. It can afford to be all of these things, and none of these things, because that is what it means to be universal: Neutral. Dogecoin is not neutral. It has a refined community morality that is distinctly American of liberal undertones. (e.g Dogecoin could easily be pro-Hilary 2016.) Much of Bitcoin's ascent revolves around its perception of being an alternative store of wealth during economic uncertainty. The attraction is its stateless and flagless architecture defined by deregulation. A blank canvas with no voice; just a technical means. When the Cyprus bail-ins occurred and the banks started confiscating wealth, Cypriots trusted their life-savings with Bitcoin and were rewarded accordingly. The bitcoin price went higher and higher. This simply would not have happened with Dogecoin. People just won't be willing to invest their life savings into a coin that started as a joke and has the personality derived from an alien culture. People want to look in the mirror and see their own reflections, not the reflections of strangers. Today we see economic situations breaking down in the Ukraine, and Argentina, and even China. Bitcoin will inevitably benefit as situations destabilise. Meanwhile Dogecoin is eagerly waiting for that day when its price will explode, just as in the case of Bitcoin. Will that day ever arrive? Only when the world turns into a global community of liberal Americans of the 24-30 year old age bracket. Sorry. It's just not going to happen.
Hey all, GoodShibe here! Wow! I can honestly say: I did not see that one coming. It's kind of funny, I was just recently voted onto the mod team of /Dogecoin_PR and we've been working to get this thing set up for you all, to help you get your PR needs sorted and organized... and then, BAM! You all just went and did it yourself. Amazing! For those not sure what I'm talking about, it apparently started with a user named unicorn_butt_sex and his passionate, well-thought out idea -- which you can read here If you haven't read his writeup, I really suggest you take a few minutes to do it. Because I know I've seen more than a few people rolling their eyes and going 'NASCAR?? Really?' Some complaining that it's an 'American' sport. I've even seen a few comments talking about how NASCAR and Dogecoin don't mix - as if, somehow we're 'wasting our time' appealing to the 'wrong kind of people'. Please, my friends, let's not fall back on old stereotypes and prejudices. Give his words a read and understand that this isn't 'helping NASCAR' any more than helping the Jamaican Bobsled team was 'helping The Olympics'. Josh Wise's story is an Underdoge story, just as much as it was with our Jamaican friends, just as much as it was with Shiva Kesevan and Himanshu Thakur and Nadeem Iqbal. From the above, linked post: "I realized that the driver of the number 98 Chevrolet SS, Josh Wise was sponsorless. He was racing the wheels off the car. He was fighting his underfunded teams car like he stole it. Sadly the car was just black with no sponsors." This is a guy with almost no backing, in a sport that eats money for breakfast, driving his heart out, doing his best and actually holding his own with the best of them. "There are two major races that are very exciting and people are digging to watch. The track name? Talladega. It is known for its big one and it's exciting. Now imagine a Doge. A Doge that is going 200 MPH into victory lane. Anyone can win Dega. Underfunded or not, for example last years race where David Regan and the underfunded team brought home the win." I've been doing some research on Mr. Wise - I'm not normally a fan of NASCAR... but I wasn't a fan of bobsledding or cross-country skiing either - and he seems like a real, decent guy who legitimately loves what he does. His team is dedicated and hard-working. Now, granted, we're not 'helping Mr. Wise get to Sochi' here in the same sense. It does seem like they can afford to run their car. But there's something about running a sponsor-less car out there in a world where big names fight to slap their patches on the best drivers. To be out there, going it alone, knowing that a single crash can ruin everything -- still giving it your all, despite the danger? That takes some real grit and heart. Because these folks aren't exactly 'speed-walking' out there. When it seems like almost no one in the racing world's got your back, wouldn't it be cool to show that Dogecoin does? This is the #98 car he's racing This is one of the proposed ideas for the 'wrap' that we would have at Talledega. The idea, all by itself, has already generated quite a few news stories - and some serious support, with over 6 Million DOGE raised in less than 24 Hours.
The idea has clearly got legs -- posts on both /NASCAR and /Dogecoin have been lighting up the charts -- so what are our concerns? Really? If our goal is to get as many people involved with Dogecoin as possible, to spread the net wide and be the digital currency that lowers the entry ramp for anyone to get involved, then this is exactly proof of concept. Heck, this is where we rule. And I can pretty much guarantee you Bitcoin and Litecoin aren't chasing this train. They're out there chasing 'serious business'. Wouldn't it be kind of cool if NASCAR fans bought Dogecoin just to contribute to this campaign. Maybe kept some to tip their favorite musicians? Help support some local, home-grown talent? Because it was fun. And what if, heck, some of them showed up here and realized there's a fun, welcoming, kind, compassionate community waiting for them? The time is going to come where our doors swing wide and the rest of the world is going to pick up Dogecoin and run with it. Where crowds of people from all walks of life, from all around the world, are going to find us and want to take part. And I look forward to that day, with all my heart - because that's how we get to the moon. Until then, do NASCAR cars run on Rocket Fuel? Let's find out. If you'd like to donate to the campaign, it looks like Doge4NASCAR.com is up and running. This isn't being backed by the Dogecoin Foundation, but Moolah_ and his team have stepped up to run and hold the Donation wallet. It's 8:46AM EST and we're at 62.05% of DOGEs found. Our Global Hashrate is on a slight decline from ~72 to ~70 GigaHashes per second and our Difficulty has been see-sawing between a low of ~762 and a high of ~1198. As always, I appreciate your support! GoodShibe EDIT: To those still not sure, let me share this - a comment I made below: I think it will be good for us for a load of reasons - it's great to have a charitable side but this is something that just seems flat-out fun! These two worlds coming together is something that is so weird at first glance and yet, once you know the story, it makes total sense. Dogecoin is going to have many facets, and not all of the community will always support all of them... and that's fine. But I don't think we should shy away from something that has the potential to put Dogecoin out into a whole new marketplace -- to be the very first Digital currency that some of these folks may have ever heard of. Bitcoin is big largely because it was first - its got the most name recognition... amongst people who know about it. This is a chance for Dogecoin to not only be 'the first', it's a chance to connect with a whole swath of people in an arena that matters to them, supporting a driver and team who, frankly, seem like some really good people. I have a sense that people hear 'NASCAR' and they think the same thing that people think when they hear 'Cryptocurrency'. A general 'why the heck would I have anything to do with that??' Because... well, it's fun. And, uh, you might like it? When you really stop and think about it, Dogecoin and NASCAR have a heck of a lot in common:
a passionate, driven, community
misunderstood out there in the rest of the world
Laughed off as a 'joke' to people who don't get us
We're a heck of a lot of fun if you give us a chance
EDIT 2: For those Shibes still looking to give to a Charity and help people in need, bassguitarman has set up Shibes for Haiyan to help victims in the Philippines affected by Typhoon Haiyan!
The Wall Street Journal now has a daily report on cryptocurrency. I just emailed them to suggest they cover dogecoin, want to join me?
The authors of BitBeat are: Michael Casey: @mikejcasey, [email protected] Paul Vigna: @paulvigna, [email protected] Let's not flood their inbox with identical messages, so make sure if you write to them you use your own words and reasoning! Here's what I wrote, just as one possible suggestion for how to approach them: Hi Michael and Paul, First of all, thank you very much for your regular coverage of the cryptocurrency space. I would like to suggest a topic for a future BitBeat column: Dogecoin. Dogecoin has quickly become the fastest-growing cryptocurrency in terms of the number of users, and after just 2 months it has the 4th largest market capitalization (over $60m). It is popular with college students and on internet communities, groups that are often the first to start using technologies that have a big impact. Dogecoin is also notable because unlike Bitcoin and Litecoin it does not have a cap on the number of coins that are produced, and has controlled, predictable inflation. Dogecoin also has an incredibly strong community behind it that focuses on being friendly and welcoming towards newcomers, as well as raising money for good causes. You may have heard about Dogecoin's $30,000 fundraiser to help the Jamaican bobsled team make it to the Sochi olympics, or the $30,000 the Doge4Kids campaign raised for service animals for children with disabilities. If you're looking for a good photo to go along with a story, I'd use this picture of the Jamaican bobsled team with Dogecoin t-shirts or this photo of the Doge head on the Wall Street bull. Thank you for your time, and I'd be happy to help answer any questions you may have! Ben
Real life and movies often have little in common. The last time I fell madly in love on sight, we never kissed in the rain. I asked her to go What is Bitcoin? Internet Raises $30,000 In Dogecoins To Send Jamaican Bobsleigh Team To The Winter Olympics. Posted on January 21, 2014 by Coast. photo credit Shaun Botterill /Allsport. Buzzfeed via Reddit. Over 26million DOGE had been donated at the time of writing – which at the current value of Dogecoin is worth over $33,000. Although due to the potential volatility of Dogecoin’s value ... Jamaican Bobsled is a hybrid cannabis strain produced by crossing Jamaican Hashplant with Space Queen. Characteristics. Breeder/Brand: Subcool Seeds : Genetics: Jamaican Hashplant x Space Queen: Pack Size: 5 Seeds: Flowering Type: Photoperiod: Sex: Regular: Grows: Indoors, Outdoors: About Subcool Seeds . View all Subcool Seeds products. TGA Subcool Genetics began in 2001, when a small group of ... Dogecoin is sending the Jamaican bobsled team to the Olympics Get your Cool Runnings jokes ready. Jun 1, 2020, 10:36 am* Internet Culture . Kevin Collier. Dogecoin enthusiasts are sending Jamaican ... Enthusiastic fundraisers have raised more than 26 million in Dogecoin, a joke alternative currency, which could help propel the Jamaican bobsleigh team to the 2014 Winter Olympics.
One of the more interesting Bitcoin exhibits we saw was that of KryptoKit. One of the largest problems with Bitcoin - and one of the largest barriers for skeptics - lies in the structure and ... Dogecoin Jamaican Bobsled Team -- CNN: Bitcoin is Napster for Finance -- Bitcoin Hawaii - Duration: 6:03. MadBitcoins 1,297 views. 6:03. 16x9 - Cool Runnings: Truth Behind Original Jamaican ... dogecoin jamaican bobsled team, josh wise dogecoin, dogecoin to jazzcash, jacksfilms dogecoin, judi dogecoin, cara jual dogecoin di indodax, dogecoin kraken, harga dogecoin ke rupiah, dogecoin ... 2014 Jamaican Bobsled Team opening ceremony. To Cool Runnings. hello freinds register and details: how to earn , 9000thousand monero , 7000 dash , 11 thousand ethereum , 20thousand litecoin , 80 crore = 8 dogecoin in 1 c...