Shocked dogecoin
And then someone was like, hey, I heard the Jamaican bobsled team is trying to raise money. We thought, well, that's just as ridiculous as a dog on a coin. So sure, why not? They donated dogecoin to train guide dogs, to drill wells in Kenya. Things were going great - until they weren't. In , someone convinced a lot of people to invest a lot of dogecoin in a new, shady cryptocurrency business.
That business collapsed, and people lost their money. He gave away all the dogecoin he had to charity. And then last year, along with lots of other cryptocurrencies, the price of dogecoin skyrocketed again.
The total value of all the dogecoins out there reached more than a billion dollars at its peak. The irony is definitely not lost on me. I think I wouldn't change creating it. You know, I've had several people that have come up to me and said, look, dogecoin was the first thing that got me into cryptocurrency, and because of it, I have a reality check on the whole space.
And that makes me feel good because it gave them the context that if this thing with a dog on it can, like, pump in price by 10x one day, they're, like, yeah, this whole thing's crazy, right? People are still creating new cryptocurrencies all the time.
There are now more than 1, of them. He is the co-host of NPR's new daily podcast about economics and the news. It's called The Indicator, from Planet Money. Visit our website terms of use and permissions pages at www. NPR transcripts are created on a rush deadline by Verb8tm, Inc. This text may not be in its final form and may be updated or revised in the future.
Accuracy and availability may vary. Accessibility links Skip to main content Keyboard shortcuts for audio player. Meet Dogecoin Jackson Palmer started cryptocurrency dogecoin as a joke. Facebook Twitter Flipboard Email. February 8, 5: I sent a friendly email asking Bittrex what is likely to be happening. They said it was a block chain confirmation backlog and the highest transaction charge payments were being processed first. I used an 'average' transaction payment so I don't expect I'll be near the front of the queue.
Which is going to complete first, my Dogecoin blockchain syncronization, or my Bitcoin transaction to be confirmed and completed? By the time your BTC transaction clears, it will have doubled in price. At that time, a price of bread will be higher than BitCoin. The BitCoin transaction completed after 5 days. My Dogecoin wallet still is not syncronized. I think I should have updated first so now I have updated to Dogecoin Core 1. Since the update I now have 3years and 9weeks of blockchain to syncronize.
I'll check back in to see if it is complete: Dogecoin synchronisation marathon - will it get over the line? I need to let this sync and then I'll update to the latest version of the Dogecoin core and then I'll make sure I open it from time to time or transfer to a managed wallet Names blurred to protect the innocent: Would love to spark up a debate about this stuff and interested in your thoughts on: