When I began getting into dogecoin about a month ago based on a whim, and the desire to have fun, nobody told me I was on a rocket to the moon. I saw it as low risk since the value then was really low. Since I bought dogecoins, Vault of Satoshi and Altquick began accepting fiat exchanges in dollars for Dogecoin. There was also numerous fundraisers that brought the currency more into the limelight. It seems that that Dogecoin is being opened to a Chinese exchange now for fiat currency exchanges, which helped increase the value. There is something weird, and maybe even beautiful of people in China putting money on essentially a cryptocurrency based on a western meme.
It now seems like the currency is de-coupling from bitcoin, something even litecoin has never managed to do. It really is becoming it's own thing, which is not surprising because it has fostered a community that is less politicized, and more welcoming and altruistic. This is something that few other cryptocurrencies share. What is more surprising is this all developed in two months, Dogecoin it seems to work in doge years. While it may be a cryptocurrency based on a silly meme with a comic sans font, it has fostered a 60,000 large army of shibes (and growing) who are devoted to the currency on reddit. This essentially has become a community that is becoming monetized, it is putting a real price on people and internet communities, something which was previously hard to quantify economically, even with the other alt. currencies, and has done so almost overnight.
In fact dogecoin may be answering a long issue of the value of internet content and community. Essentially, how can we monetize the content people create on the internet with as little friction as possible. I think flattr may have provided one answer, but it did not solve the issue entirely. Flattr after all still takes a bit of work to integrate. The answer seems to lie somewhere closer to dogecoin tipping on reddit. The reality is we may be soon we will share our wallet addresses on posts. Which I encourage everybody who responds to this post to share their dogecoin wallet addresses.
With that being said here is mine:
- Original Forcepresent
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