Jump to content

Dogecoin

Page semi-protected
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by DigitalIceAge (talk | contribs) at 21:08, 24 February 2024 (removed Category:Computer-related introductions in 2013; added Category:Internet properties established in 2013 using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

"doge coin" redirects here. For coinage issued by the Venetian Dogate, see coinage of the Republic of Venice.

Dogecoin
Official logo of Dogecoin
Denominations
SymbolÐ
CodeDOGE
Development
Original author(s)Billy Markus, Jackson Palmer
Initial releaseDecember 6, 2013; 10 years ago (2013-12-06)
Development statusActive
Operating systemMicrosoft Windows,
Linux,
iOS,
Android
Developer(s)Billy Markus ("Shibetoshi Nakamoto"), Michi Lumin, Ross Nicoll
Source modelFOSS
LicenseMIT License[1]
Ledger
Timestamping schemeProof-of-work
Hash functionScrypt-based
Block rewardÐ10,000
Block time1 minute
Block explorerhttps://dogechain.info/
Supply limitUnlimited Exactly Ð5 billion will enter circulation each year.
Valuation
Exchange rateFloating (very volatile)
Website
Websitehttps://dogecoin.com/

Dogecoin (/ˈdoʊ(d)ʒkɔɪn/ DOHJ-koyn or DOHZH-koyn,[2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time.[3] It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the "doge" meme as its logo and namesake.[4][5][6] It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion[a] on May 5, 2021.[7] As of 2021, it is the sleeve sponsor[b] of Watford Football Club.[8]

Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke".[9] Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value reached $8 million, once jumping to become the seventh largest electronic currency in the world.[10] Dogecoin is based on Scrypt algorithm.[11]

History

Originally formed as a "joke",[12] Dogecoin was created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins.[13] Dogecoin was officially launched on December 6, 2013, and within the first 30 days, there were over a million visitors to Dogecoin.com.[14]

Palmer is credited with making the idea a reality. At the time, he was a member of the Adobe marketing department in Sydney, Australia.[15] Palmer had purchased the domain Dogecoin.com and added a splash screen, which featured the coin's logo and scattered Comic Sans text. Markus reached out to Palmer after seeing the site, and started efforts to develop the currency. Markus designed Dogecoin's protocol based on existing cryptocurrencies Luckycoin and Litecoin,[16] which use scrypt technology in their proof-of-work algorithm.[17] The use of scrypt means that miners cannot use SHA-256 bitcoin mining equipment, and instead must use dedicated field-programmable gate array and application-specific integrated circuit devices for mining which are known to be more complex to produce.[18][19]

On December 19, 2013, Dogecoin jumped nearly 300% in value in 72 hours, rising from $0.00026 to $0.00095,[20] with a volume of billions of Dogecoins traded per day. This growth occurred during a time when Bitcoin and many other cryptocurrencies were reeling from China's decision to forbid Chinese banks from investing in the Bitcoin economy.[16] Three days later, Dogecoin experienced its first major crash when its price dropped by 80% due to this event and to large mining pools exploiting the small amount of computing power required at the time to mine Dogecoin.[21]

On December 25, 2013, the first major theft of Dogecoin occurred when millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet.[22] The hacker gained access to the platform's filesystem and modified its send/receive page to send any and all coins to a static internet protocol address.[23][24] This hacking incident spiked tweets about Dogecoin, making it the most mentioned altcoin on Twitter at the time, although it was in reference to a negative event. To help those who lost funds on Dogewallet after its breach, the Dogecoin community started an initiative named "SaveDogemas" to help donate coins to those who had them stolen. Approximately one month later, enough money was donated to cover all of the coins that were stolen.[25]

In January 2014, the trading volume of Dogecoin briefly surpassed that of all other cryptocurrencies combined. However, its market capitalization remained substantially behind that of Bitcoin. Initially, Dogecoin featured a randomized reward that is received for each mining block. However, in March 2014, this behaviour was updated to a static block reward.[26] Co-founder Jackson Palmer left the cryptocurrency community in 2015 and has no plans to return, having come to the belief that cryptocurrency, originally conceived as a libertarian alternative to money, is fundamentally exploitative and built to enrich its top proponents. His co-founder, Billy Markus, agreed that Palmer's position was generally valid.[27][28]

During the 2017 to early 2018 cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017 on January 7, 2018, putting its total market capitalization near $2 billion.

In July 2020, the price of Dogecoin spiked following a TikTok trend aimed at getting Dogecoin to $1.[29]

On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, thus becoming the first space mission funded by a cryptocurrency. Elon Musk confirmed this news via Twitter.[30] DOGE-1, a CubeSat, was planned to be a minor 40 kg rideshare payload on Intuitive Machines' IM-1 mission in Q1 2022.[31][32][33][34][35] This launch has since been delayed to February 2024.

On August 14, 2021, the Dogecoin Foundation announced the "re-establishment of the Dogecoin Foundation (est 2014), with a renewed focus on supporting the Dogecoin Ecosystem, Community and promoting the future of the Dogecoin Blockchain."[36] The Foundation was reinvigorated by the addition to its Board of notable advisors such as Vitalik Buterin (Ethereum co-founder and inventor) and Jared Birchall (representing Elon Musk).[37][38][39]

2021 boom and subsequent fall

In January 2021, Dogecoin went up over 800% in 24 hours, reaching $0.07, as a result of attention from Reddit users, partially encouraged by Elon Musk and the GameStop short squeeze.[40] In February 2021, Dogecoin hit a new high price of $0.08 following Twitter encouragement from Musk, Snoop Dogg and Gene Simmons.[41] In March 2021, Dallas Mavericks owner Mark Cuban announced his NBA team would allow purchasing tickets and products with Dogecoin; within two days, Cuban had declared his franchise had become the top Dogecoin merchant, having carried out 20,000 transactions.[42]

In April 2021, Dogecoin and other cryptocurrencies surged, stimulated in part by the direct listing for cryptocurrency exchange Coinbase on April 14, although that platform did not provide trading of Dogecoin.[43] Dogecoin first reached $0.10 on April 14,[44] before hitting a new high of $0.45 on April 16 (up 400% that week[45]), with a volume of nearly $70 billion traded in the preceding 24 hours.[46] At the time, Dogecoin's market capitalization approached $50 billion, making it the fifth-highest-valued cryptocurrency;[47] its value had increased more than 7,000% year-to-date.[46] Interest in Dogecoin contributed to an outage in electronic trading platform Robinhood's cryptocurrency system on April 15, caused by "unprecedented demand", and prompted concerns from experts of a nearing speculative bubble in the cryptocurrency market.[45]

On May 4, 2021, the value of Dogecoin first surpassed the symbolic hurdle of $0.50.[48]

In April 2023, a Dogecoin increase was attributed to Elon Musk temporarily changing the logo on the Twitter app to a Doge logo.[49] In June 2023, Musk was accused of insider trading by investors based on a series of stunts including the change of logo.[50]

Use and exchanges

Dogecoin is an altcoin[c] with a large userbase, and is traded against both fiat currencies and other cryptocurrencies on several reputable cryptocurrency exchanges and retail investment platforms.

Trading physical, tangible items in exchange for Dogecoin takes place on online communities such as Reddit and Twitter, where users in such circles frequently share cryptocurrency-related information.[5][51][52]

Several cases of people using their employers' or universities' computers to mine Dogecoin have been discovered.[53][54]

Dogecoin has been used in an attempted property sale,[55] and it has been used in the pornography[56] and gambling[d] industries.

Online tipping

One major mainstream commercial application of the cryptocurrency has been Internet-based tipping systems, in which social media users tip other users for providing interesting or noteworthy content.[57]

Dogetipbot

Dogetipbot was a cryptocurrency transaction service used on popular sites like Reddit and Twitch. It allowed users to send Dogecoins to other users through commands via Reddit comments. In May 2017, Dogetipbot was discontinued and taken offline after its creator declared bankruptcy; this left many Dogetipbot users losing their coins stored in the Dogetipbot system.[58]

Technology and DeFi

DeFi (decentralized finance) is a form of finance that does not rely on middlemen such as brokerages, exchanges, or banks to offer financial instruments.[59] This is accomplished using "smart contracts" which are automated enforceable agreements that use online blockchain technology. While Dogecoin cannot interact with smart contracts directly given that it operates on its own blockchain, the coins can be "wrapped" so that they can be locked into a state that is interoperable with a contract until they are later unwrapped. The Ren Project has enabled Dogecoin (renDOGE) to be used on the Ethereum blockchain and access the DeFi network. (Most DeFi coins use the Ethereum blockchain network.[60]) DeFi-linked coins use decentralized applications ("dApps") to transact and trade on decentralized exchanges (DExs), such as Uniswap. These DExs are entirely peer-to-peer exchanges, without any company or other institution providing the platform.[59]

Currency supply

Dogecoin started with a supply limit of Ð100 billion, which would have been far more coins than the top digital currencies were then allowing. By mid-2015, the 100 billionth Dogecoin had been mined, with an additional Ð5 billion put into circulation every year thereafter. Although there is no theoretical supply limit, at this rate, the number of Dogecoins put into circulation will only double in 20 years (the next doubling will occur in the year 2075). There is no implemented hard cap on the total supply of Dogecoins. Nonetheless, in February 2014, Dogecoin founder Jackson Palmer announced that the limit would be removed in an effort to create a consistent reduction of its inflation rate over time.[61] In other words, the inflation rate improves over time starting at 5% in 2015 to less than 4% by 2019, 3% by 2027, and 2% by 2035.

Mining parameters

Dogecoin's implementation differs from its predecessors: It was originally forked from Litecoin, then refactored to Bitcoin. Dogecoin's target block time is 1 minute, as opposed to Litecoin's 2.5 minutes and Bitcoin's 10 minutes.[5]

Fundraising

2014 Winter Olympics

The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. On January 19, 2014, a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had qualified for, but could not afford to go to, the Sochi Winter Olympics. By the second day, $36,000 worth of Dogecoin was donated and the Dogecoin to Bitcoin exchange rate rose by 50%.[62] The Dogecoin community also raised funds for a second Sochi athlete, Shiva Keshavan.[63]

Doge4Water

Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well in the Tana river basin in Kenya in cooperation with Charity: Water. They set out to raise a total of Ð40,000,000 (US$30,000 at the time) Dogecoin before World Water Day (March 22) in 2014. The campaign succeeded, collecting donations from more than 4,000 donors, including one anonymous benefactor who donated Ð14,000,000 (worth approximately $11,000 at the time, or $2.8 million in 2021).[64]

NASCAR

Josh Wise's Dogecoin-sponsored Chevrolet in 2014

On March 25, 2014, the Dogecoin community successfully raised Ð67.8 million (around US$55,000 at the time) in an effort to sponsor NASCAR Sprint Cup Series driver Josh Wise. Nicknamed the "Moonrocket",[65] the No. 98 car featured a Dogecoin/Reddit-sponsored paint scheme and was driven by Wise at the Aaron's 499 at Talladega Superspeedway.[66] Wise and the car were featured for nearly a minute, during which the race commentators discussed Dogecoin and the crowdfunding effort, while finishing twentieth and narrowly avoiding multiple wrecks.[67]

Josh Wise 2015 Chevrolet DogeCoin racecar

On May 16, 2014 Wise won a spot at the Sprint All-Star Race through an online fan vote beating Danica Patrick, largely due to the efforts of the Dogecoin Reddit community. He finished the race in fifteenth, the last car running.[68][69] In the following race in 2014 Coca-Cola 600, Wise debuted a Dogecoin/Reddit.com helmet. Wise later announced he would run the car again at the Toyota/Save Mart 350 and the GEICO 500 as a thank-you gift to the community.[70] He finished twenty-eighth in the race due in part to a refueling issue; he was in twelfth place after a gas-and-go pit stop, but the gas can did not engage long enough, resulting in a second pit stop that took him towards the back of the pack. Eutechnyx, the developer of the NASCAR '14 video game, added the Dogecoin car as a drivable car in a DLC pack.[69][71]

On March 2, 2021, NASCAR Xfinity Series team B. J. McLeod Motorsports announced that Dogecoin would be sponsoring the № 99 car in the Alsco Uniforms 300 at Las Vegas alongside Springrates;[72] Stefan Parsons drove the car to a 36th-place finish as fuel line issues prevented him from completing the race. His father Phil was the owner of the team that fielded the original Dogecoin-sponsored car in 2014.

Criticism

Dogecoin's origin as a "joke", which makes it the first meme coin, has made it difficult to be taken seriously by mainstream media and financial experts.[73][74] The cryptocurrency has had a long and problematic history of scams.[75][76][77] Similar to many other cryptocurrencies, Dogecoin has been described by some commentators as a form of Ponzi scheme. Critics allege that Dogecoin investors who purchased Dogecoins early on, have a large financial incentive to draw others into purchasing more Dogecoins in order to drive the price up, therefore benefitting the early investors financially at the direct expense of later purchasers.[78] This is primarily because Dogecoin does not have a supply cap like other cryptocurrencies such as Bitcoin, which has a capped supply of 21 million coins.[79] Dogecoin has instead a deliberately stable, "deterministic inflation" rate of Ð10,000 per block, with a block time of one minute.[11] Exactly Ð5 billion in new Dogecoins will be created and enter circulation every year.[11]

Positives

While the price of Dogecoin is volatile, this volatility has its benefits. It allows investors to use strategies such as cryptocurrency day trading or scalping to profit from fast, short-lived price swings.[80] Additionally, while the cryptocurrency may have begun as a "joke", it was the 10th-largest cryptocurrency in the world in September 2021, with a market capitalisation of US$26 billion.[81] (Cryptocurrencies with larger market capitalizations at the time were Bitcoin, Ethereum, Cardano, Binance Coin, Tether, and XRP.) Mark Cuban has stated of Dogecoin that, "Doge has 'deterministic inflation' meaning the amount of inflation is defined. There is no uncertainty as to the amount of created and it's [sic] inflation percentage. Which could allow it to grow as a valid payment mechanism. The unknown is whether enough people will use it this way."[82]

Elon Musk and Dogecoin

Elon Musk frequently uses his Twitter platform to express his views on Dogecoin, which has led some to claim that his actions amount to market manipulation[83] because the price of Dogecoin frequently experiences price movements shortly after his tweets. Nevertheless, because cryptocurrencies are not regulated like stocks, these actions are not illegal.[84] Musk and his promotion of Dogecoin have been criticized by Dogecoin co-founder Jackson Palmer, who called Musk a "self-absorbed grifter".[85]

Musk's first Dogecoin-related tweet occurred on December 20, 2020. Musk tweeted "One Word: Doge". Shortly after, the value of Dogecoin rose by 20%.[86] This was followed by a series of Dogecoin-related tweets by Musk in early February 2021 captioned "Dogecoin is the people's crypto" and "no highs, no lows, only Doge". Following these tweets, the value of Dogecoin rose by roughly 40%.[86]

On April 15, 2021, the price of Dogecoin rose by more than 100% after Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting captioned "Doge Barking at the Moon",[87] a message which was taken by some as a reference to the industry slang term "to the moon",[88] meaning a hoped-for increase in a cryptocurrency's value.[89]

On May 8, 2021, Dogecoin fell as much as 29.5%, dropping to US$0.49 during Musk’s Saturday Night Live appearance.[90] It then rose by 11% on May 20, 2021, shortly after Musk tweeted a Doge-related meme.[91] In the same month, the price of Dogecoin was up 10% in the hours after Musk tweeted a Reddit link for users to submit proposals to improve the cryptocurrency.[92]

On December 14, 2021, Dogecoin spiked more than 20% after Musk said that Tesla will accept the currency as a means of payment for Tesla merchandise.[93][94]

On June 16, 2022, Elon Musk was named in a complaint seeking damages of $258 billion. The complaint was filed in federal court in Manhattan by plaintiff Keith Johnson. Johnson cited Musk's repeated use of his massive social influence to promote the altcoin, which he claims artificially inflated the price.[95]

It was reported in 2013 that Musk thinks Dogecoin could be used for Twitter transactions.[96] On October 27, 2022, Elon Musk completed a deal to take Twitter private. This led to a sustained rise in Dogecoin from October 25 to October 29, with Dogecoin increasing as much as 46%.[97]

Between April 3 and April 7,[98] 2023, Twitter's bird logo was replaced with an image of the Doge meme for desktop users, leading to a rise in Dogecoin prices.[99] No reason was given for the icon change, with some speculating that it was a late April Fool's joke,[100] or an attempt to troll investors over the Dogecoin lawsuit that Musk was seeking to end that week.[101]

See also

References

  1. ^ "COPYING". GitHub. November 27, 2021.
  2. ^ "How do you pronounce 'Dogecoin'?". The Daily Dot. April 24, 2014. Archived from the original on December 22, 2018. Retrieved December 21, 2018.
  3. ^ "Dogecoin Started as a Joke. Now It's Too Important to Laugh Off". Barrons.
  4. ^ Roose, Kevin (September 15, 2017). "Is There a Cryptocurrency Bubble? Just Ask Doge". The New York Times. ISSN 0362-4331. Archived from the original on October 3, 2017. Retrieved October 3, 2017.
  5. ^ a b c A History of Dogecoin. Archived June 3, 2018, at the Wayback Machine. Dogecoin Analysis Report. Social Science Research Network (SSRN). Accessed December 28, 2017.
  6. ^ Couts, Andrew (December 12, 2013). "Wow. Dogecoin is the most Internet thing to happen, ever". Digital Trends. Archived from the original on December 14, 2013. Retrieved December 12, 2013.
  7. ^ Hutcheon, Stephen (January 24, 2014). "The rise and rise of dogecoin, the internet's hottest cryptocurrency". Sydney Morning Herald. Archived from the original on March 31, 2014. Retrieved April 5, 2014.
  8. ^ "Watford FC to feature Doge on football shirts". CityAM. August 16, 2021. Retrieved August 18, 2021.
  9. ^ "What is Dogecoin and what does it have to do with Elon Musk and Saturday Night Live?". Australian Broadcasting Corporation. May 9, 2021. Retrieved May 10, 2021.
  10. ^ Sigalos, MacKenzie (May 7, 2021). "How dogecoin went from a joke to one of the world's top cryptocurrencies". CNBC. Retrieved November 28, 2021.
  11. ^ a b c "Dogecoin: How many coins are in circulation?". www.gfinityesports.com. Retrieved July 12, 2021..
  12. ^ "Dogecoin's Creator Is Baffled by Meteoric Rise to $9 Billion". Bloomberg.com. February 11, 2021. Retrieved February 12, 2021.
  13. ^ McGuire, Patrick (December 23, 2013). "Such Weird: The Founders of Dogecoin See the Meme Currency's Tipping Point". Motherboard. Vice Media. Retrieved December 23, 2013.
  14. ^ Noyes, Jenny (January 22, 2014). "An Interview With The Creator Of Dogecoin: The Internet's Favourite New Currency". Junkee. Junkee Media. Retrieved January 12, 2021. Jackson Palmer accidentally invented Dogecoin in early December ... within the first 30 days there were over a million visitors to Dogecoin.com.
  15. ^ Wile, Rob (December 19, 2013). "What is Dogecoin?". Business Insider. Archived from the original on December 20, 2013. Retrieved December 19, 2013.
  16. ^ a b Gilbert, David (December 20, 2013). "What is Dogecoin? The Meme that Became the Hot New Virtual Currency". International Business Times. Archived from the original on September 6, 2015. Retrieved December 20, 2013.
  17. ^ "Dogecoin: 5 Fast Facts You Need to Know". December 10, 2013. Archived from the original on February 21, 2014. Retrieved February 16, 2014.
  18. ^ Klee, Miles (December 10, 2013). "With its own cryptocurrency, Doge has officially conquered 2013". The Daily Dot. Archived from the original on January 23, 2014. Retrieved December 10, 2013.
  19. ^ "Why Bitcoin mining has a finite cap, and Dogecoin mining doesn't". The Daily Dot. February 5, 2014. Archived from the original on September 21, 2019. Retrieved September 21, 2019.
  20. ^ Couts, Andrew (December 19, 2013). "To the moon! DogeCoin fetches 300 percent jump in value in 24 hours". Digital Trends. Archived from the original on December 19, 2013. Retrieved December 19, 2013.
  21. ^ Wile, Rob (December 22, 2013). "Dogecoin Prices Crashed This Weekend". Business Insider. Archived from the original on December 23, 2013. Retrieved December 22, 2013.
  22. ^ Feinberg, Ashley (December 26, 2013). "Millions of Meme-Based Dogecoins Stolen on Christmas Day". Gizmodo. Archived from the original on December 26, 2013. Retrieved December 26, 2013.
  23. ^ Shu, Catherine (December 25, 2013). "Such Hack. Many Dogecoin. Very Disappear. So Gone. Wow". TechCrunch. Archived from the original on December 27, 2013. Retrieved December 25, 2013.
  24. ^ Rodriguez, Salvador (December 26, 2013). "Millions of Dogecoins, currency based on a meme, are reported stolen". Los Angeles Times. Archived from the original on December 27, 2013. Retrieved December 26, 2013.
  25. ^ "Such generosity! After Dogewallet heist, Dogecoin community aims to reimburse victims". December 27, 2013. Archived from the original on February 27, 2014. Retrieved March 2, 2014.
  26. ^ "Dogecoin: The meme that got serious :: InBlog". inblog.in. Archived from the original on November 15, 2021. Retrieved November 15, 2021.
  27. ^ Murphy, Mike (July 14, 2021). "Dogecoin co-creator blasts crypto as a scam to help the rich get richer". MarketWatch. Retrieved July 20, 2021.
  28. ^ Locke, Taylor (July 14, 2021). "The co-creator of dogecoin explains why he doesn't plan to return to crypto: It's 'controlled by a powerful cartel of wealthy figures'". CNBC. Retrieved July 20, 2021.
  29. ^ Winck, Ben (July 8, 2020). "Dogecoin volumes spike 683% after viral TikTok challenge urges buying spree". Business Insider. Archived from the original on July 9, 2020. Retrieved July 9, 2020.
  30. ^ "Dogecoin used to pay for SpaceX's mission to the moon next year". Al Jazeera. May 10, 2021.
  31. ^ Geometric Energy press release. "SpaceX to Launch DOGE-1 to the Moon!". www.newswire.ca. Retrieved May 10, 2021.
  32. ^ "SpaceX accepts dogecoin as payment to launch lunar mission next year". Reuters. May 9, 2021. Retrieved May 10, 2021.
  33. ^ "IM-1 Nova-C & DOGE-1". NextSpaceflight. Retrieved May 9, 2021.
  34. ^ Sheetz, Michael (May 9, 2021). "SpaceX accepts Dogecoin as payment to launch 'DOGE-1 mission to the Moon' next year". CNBC.
  35. ^ "We knew @ElonMusk was taking #Dogecoin to the Moon, but had no idea it would be on our flight". Twitter. May 10, 2021. Retrieved May 10, 2021.
  36. ^ Dogecoin Foundation (August 16, 2021). "Announcement: Re-establishing the Dogecoin Foundation". Dogecoin Foundation. Archived from the original on August 17, 2021. Retrieved September 30, 2021.
  37. ^ Kiderlin, Sophie (August 18, 2021). "Ethereum co-creator Vitalik Buterin will help shape the future of dogecoin after joining the token's foundation". Business Insider. Archived from the original on August 18, 2021. Retrieved September 30, 2021.
  38. ^ Quiroz-Gutierrez, Marco (August 18, 2021). "Ethereum founder Vitalik Buterin and Elon Musk advisor Billy Markus join Dogecoin board". Fortune. Archived from the original on August 18, 2021. Retrieved September 30, 2021.
  39. ^ Sriram, Samyuktha (August 18, 2021). "Dogecoin Foundation Returns After 6-Year Hiatus; Ethereum's Vitalik Buterin, Musk Rep Jared Birchall Join Board". Benzinga. Archived from the original on August 18, 2021. Retrieved September 30, 2021.
  40. ^ Kharpal, Arjun. "Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800%". CNBC. Retrieved January 29, 2021.
  41. ^ Yang, Yueqi (February 7, 2021). "Dogecoin Soars to New Record as Musk Fires off New Tweet". Bloomberg. Retrieved February 21, 2021.
  42. ^ Baer, Jack (March 6, 2021). "Mark Cuban boasts Mavericks are largest Dogecoin merchant in the world". Yahoo! Sports. Retrieved April 17, 2021.
  43. ^ Ostroff, Caitlin (April 14, 2021). "Bitcoin and Dogecoin Prices Soar to Records Ahead of Coinbase Listing". The Wall Street Journal. Retrieved April 14, 2021.
  44. ^ Madhok, Diksha (April 14, 2021). "Dogecoin price surpasses 10 cents to reach an all-time high". CNN. New Delhi. Retrieved April 14, 2021.
  45. ^ a b Browne, Ryan (April 16, 2021). "Dogecoin spikes 400% in a week, stoking fears of a cryptocurrency bubble". CNBC. Retrieved April 17, 2021.
  46. ^ a b DeCambre, Mark (April 17, 2021). "This dogecoin chart offers the clearest explanation for the buzz surrounding the 'joke' crypto". MarketWatch. Retrieved April 17, 2021.
  47. ^ Goldman, David (April 17, 2021). "What is Dogecoin? How a joke became hotter than bitcoin". CNN. Retrieved April 17, 2021.
  48. ^ Pound, Jesse (May 4, 2021). "Dogecoin surges 30% to a record above 50 cents as speculative crypto trading continues". CNBC. Retrieved May 15, 2021.
  49. ^ Kolodny, Rohan Goswami, Lora (April 3, 2023). "Dogecoin jumps more than 30% after Musk changes Twitter logo to image of shiba inu". CNBC. Retrieved July 17, 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  50. ^ "Elon Musk accused of insider trading in Dogecoin lawsuit". The Guardian. The Guadian. June 2, 2023.
  51. ^ Ingraham, Nathan (December 16, 2013). "Bitcoin is so 2013: Dogecoin is the new cryptocurrency on the block". The Verge. Archived from the original on December 17, 2013. Retrieved December 16, 2013.
  52. ^ J. Duaine Hahn (December 16, 2013). "Move Over Bitcoin: Dogecoin is Here". Complex Tech. Archived from the original on December 19, 2013. Retrieved December 16, 2013.
  53. ^ Hutchinson, Lee (February 21, 2014). "Harvard supercomputing cluster hijacked to produce dumb cryptocurrency". Ars Technica. Condé Nast. Archived from the original on June 21, 2014. Retrieved June 13, 2014.
  54. ^ Hern, Alex (March 4, 2014). "Student uses university computers to mine Dogecoin". The Guardian. Archived from the original on July 13, 2014. Retrieved June 13, 2014.
  55. ^ Imam, Jareen. "Man selling home for $135,000 in Dogecoins". CNN. Archived from the original on March 18, 2014. Retrieved March 17, 2014.
  56. ^ "Fox on Reddit: Porn star looks to accept virtual currency Dogecoin". FoxNews.com. February 27, 2014. Archived from the original on March 10, 2014. Retrieved March 17, 2014.
  57. ^ "The rise and rise of the Dogecoin and internet tipping culture". Australian Broadcasting Corporation. January 24, 2014. Archived from the original on April 3, 2015. Retrieved March 4, 2015.
  58. ^ Yeh, Peter (May 11, 2017). "Reddit Users Lose Real Money After Meme Currency Bot Dies". Gizmodo. Archived from the original on September 8, 2017. Retrieved September 9, 2017.
  59. ^ a b Decentralized Finance (DeFi) Definition Investopedia.
  60. ^ "Dogecoin But On Ethereum Blockchain? renDOGE Hits All-Time High". Benzinga. May 4, 2021.
  61. ^ "Dogecoin to allow annual inflation of 5 billion coins each year, forever". Ars Technica. February 3, 2014. Archived from the original on February 4, 2014. Retrieved February 4, 2014.
  62. ^ Rodriguez, Salvador (January 20, 2014). "Jamaican bobsled team boosts value of Dogecoin, currency based on meme". Los Angeles Times. Archived from the original on February 11, 2020. Retrieved February 21, 2020.
  63. ^ Coldewey, Devin (January 29, 2014). "Dogecoin cryptocurrency donors help send Indian athletes to Sochi". NBC News.com. Archived from the original on February 2, 2014. Retrieved February 2, 2014.
  64. ^ Gilbert, David (March 17, 2014). "'Most Valuable Tweet in History' Donates $11,000 Worth of Dogecoin to Kenyan Water Charity". IB Times. Archived from the original on July 14, 2014. Retrieved May 25, 2014.
  65. ^ Hern, Alex (March 27, 2014). "Dogecoin raises $55,000 to sponsor Nascar driver". The Guardian. Retrieved January 12, 2021. Named the "#98 Moonrocket", the car will make its debut on May 4th at the Aarons 499 Sprint Series Cup Race.
  66. ^ Estrada, Chris (March 26, 2014). "NASCAR fans on Reddit use DogeCoin to sponsor Josh Wise". NBC Sports. Archived from the original on March 26, 2014. Retrieved March 26, 2014.
  67. ^ Stuckey, Daniel (May 5, 2014). "Talladega Shibe: The Dogecar's NASCAR Highlights". Archived from the original on May 6, 2014. Retrieved May 6, 2014.
  68. ^ Hembree, Mike (May 16, 2014). "Josh Wise wins fan vote, beats Danica Patrick". USA Today. Archived from the original on May 18, 2014. Retrieved May 18, 2014.
  69. ^ a b Good, Owen S. (May 18, 2014). "Dogecoin, NASCAR's strangest hood sponsor, will appear in its official video game". Polygon. Archived from the original on May 18, 2014. Retrieved May 18, 2014.
  70. ^ Honeydarmali (March 23, 2022). "Dogecoin: Fast Initial Coin Production". Medium. Retrieved October 28, 2023.
  71. ^ Frum, Larry (April 24, 2014). "Reddit, Dogecoin support NASCAR racer at Talladega". CNN. Archived from the original on May 19, 2014. Retrieved May 18, 2014. Fans of the NASCAR '14 video game will also get the chance to race the Dogecoin car for themselves when it is added in an upcoming DLC pack. In fact, they have featured the scheme on a DLC pack that costs $0.99 on the Xbox 360 and the Xbox One.
  72. ^ BJ McLeod Motorsports [@TeamBJMcLeod] (March 2, 2021). "Much wow. VERY VROOM! @dogecoin joins @springrates at @LVMotorSpeedway with @StefanParsons98 behind the wheel! To learn more: https://t.co/eDkuGAsIve https://t.co/7zITbhxNcC" (Tweet). Retrieved May 3, 2021 – via Twitter.
  73. ^ Serrels, Mark. "Dogecoin: Inside the joke cryptocurrency that somehow became real". CNET.
  74. ^ "What is Dogecoin?". Fortune.
  75. ^ Gerard, David (February 11, 2021). "Confused About Dogecoin? Here's How It (Doesn't) Work".
  76. ^ "Dogecoin Has A Warning For Everyone: Do Not Fall For Scams That Promise To Double Your Coins". www.news18.com. May 10, 2021.
  77. ^ "My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong". www.vice.com. January 11, 2018.
  78. ^ Kelly, Jemima (May 11, 2021). "Dogecoin gives away the crypto game". Financial Times.
  79. ^ Sigalos, MacKenzie (May 7, 2021). "How dogecoin went from a joke to one of the world's top cryptocurrencies". CNBC. Retrieved July 12, 2021.
  80. ^ Olatunji, Temitope (May 31, 2022). "What Is a Crypto Trading Strategy? 5 Crypto Trading Strategies Explained". MUO. Retrieved November 13, 2022.
  81. ^ Michael, Andrew (June 17, 2021). "Dogecoin (DOGE): What You Need To Know". Forbes Advisor UK. Retrieved July 11, 2021.
  82. ^ Nagarajan, Shalini. "Billionaire Mark Cuban says he holds 3,250 dogecoins he bought with his son - and earns added inflows from Dallas Mavericks sales". Business Insider. Retrieved October 5, 2021.
  83. ^ "Elon Musk's Controversial Crypto Tweets – Are they Market Manipulation?". www.rahmanravelli.co.uk. Retrieved July 1, 2021.
  84. ^ "How murky legal rules allow Tesla's Elon Musk to keep moving markets". mint. May 14, 2021. Retrieved August 22, 2021.
  85. ^ Massie, Graeme (May 14, 2021). "Co-creator of Dogecoin lashes out at 'self-absorbed grifter' Elon Musk over bitcoin stand". Yahoo! Finance. Retrieved April 12, 2022.
  86. ^ a b Chris Isidore (February 4, 2021). "Elon Musk tweeted. Dogecoin surged more than 50%". CNN. Retrieved July 29, 2021.
  87. ^ Diksha Madhok (April 16, 2021). "Dogecoin price hits an all-time high after Elon Musk's tweet". CNN. Retrieved July 29, 2021.
  88. ^ Lopatto, Elizabeth (April 16, 2021). "Dogecoin is on a run, has escaped the yard, and is headed to the moon". The Verge. Retrieved April 4, 2023.
  89. ^ Rossolillo, Nicholas. "What Does 'To The Moon' Mean in Cryptocurrency?". The Motley Fool. Retrieved April 4, 2023.
  90. ^ MacKenzie Sigalos (May 9, 2021). "Dogecoin plunges nearly 30% during Elon Musk's SNL appearance". CNBC. Retrieved August 17, 2022.
  91. ^ Pound, Jesse (May 20, 2021). "Dogecoin jumps after series of Elon Musk tweets fans more wild cryptocurrency trading". CNBC. Retrieved July 4, 2021.
  92. ^ "Dogecoin spikes more than 20% after Elon Musk says Tesla will accept it as payment for merch". CNBC. December 14, 2021. Archived from the original on December 14, 2021. Retrieved December 14, 2021.
  93. ^ Jackson Macharia (December 14, 2021). "Dogecoin spikes more than 20% after Elon Musk says Tesla will accept it as payment for merch". CNBC. Archived from the original on December 14, 2021. Retrieved December 14, 2021.
  94. ^ "Elon Musk says Tesla will accept dogecoin as payment for merchandise, touts its value for transactions". Marketwatch.
  95. ^ "Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme". Reuters. June 16, 2022.
  96. ^ Zeitchik, Steven (November 7, 2022). "Musk sees a big role for crypto on Twitter. He'll face a tall climb". The Washington Post.
  97. ^ Sigalos, MacKenzie (October 27, 2022). "Dogecoin surges 35% as Elon Musk's Twitter deal approaches close". CNBC. Retrieved October 28, 2023.
  98. ^ Leffer, Lauren (April 7, 2023). "Doge's Twitter Reign Ends, Triggering Memecoin Slump". Gizmodo. Retrieved April 8, 2023.
  99. ^ Clark, Mitchell. "Today in Twitter: where are the retweet labels, and why did Doge replace the bird?". Retrieved April 3, 2023.
  100. ^ Taylor, Josh (April 4, 2023). "Twitter changes logo to Dogecoin cryptocurrency image in apparent late April fool's day gag". The Guardian. Retrieved April 4, 2023.
  101. ^ "Twitter is covered in Doge for no discernible reason". Engadget. Retrieved April 4, 2023.

Notes

  1. ^ US$85,314,347,523.
  2. ^ Sleeve only.
  3. ^ A slang term in the cryptocurrency and technology media and community for an alternate cryptocurrency, or, de facto, any cryptocurrency other than Bitcoin.
  4. ^ Primarily poker.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Dogecoin&oldid=1210066235"