#Reddit little more obsessed full#

He threatened to sue the original Dogecoin founders for harassment, for questioning his use of /r/dogecoin in this way. Green started selling shares in Moolah on /r/dogecoin. Most /r/dogecoin users tipped single dogecoins, worth a fraction of a penny-but Green gave tips of thousands of dollars. He set up a cryptocurrency exchange in the United Kingdom called Moolah, to handle dogecoins as well as other cryptocurrencies.

So the shibes started dreaming of getting rich for free-and the hucksters moved in.ДЄ fellow called Alex Green joined Dogecoin. They did this just by creating their own magical internet money, selling it for bitcoins, then selling the bitcoins for dollars-which was surprisingly feasible at the height of a bubble.Д«ut even fun money is money, and a toy cryptocurrency can be turned into real money the supply of gullibility is deep, if not infinite. Doge4Water raised $32,000 to supply clean water in Kenya. They raised nearly $30,000 of dogecoins in January 2014 to send the Jamaican bobsled team to the 2014 Winter Olympics. If IвЂ™d just held, I could have made a whole dollarВ earlier this week.)

#Reddit little more obsessed full#

(For full disclosure, I owned six dogecoins-which I did not pay for-in 2014, though they were deleted when I reformatted my laptop and couldnвЂ™t be bothered moving the coins over. They would tip each other dogecoins for amusing comments. Dogecoin fans (nicknamed вЂњshibesвЂќ) gathered on the Reddit forum /r/dogecoin. The idea was to have fun and be silly with a cryptocurrency that was cheap enough to mess around with-each coin was worth a fraction of a cent. Dogecoin started in December 2013, at the peak of the first big bitcoin bubble.Дogecoin was originally a joke cryptocurrency, taking its name from the вЂњdogeвЂќ internet meme: a picture of a shiba inu dog talking in Comic Sans font. Dogecoin (pronounced вЂњdozhe-coinвЂќ) was a slightly tweaked copy of Litecoin, which was a slightly tweaked copy of Bitcoin. In the early 2010s вЂњaltcoinвЂќ scene, lots of Bitcoin fans created their own magical internet money, so they too could get rich for free: copy the Bitcoin software, change a few details, and launch a new coin that you could trade for bitcoins. Other cryptocurrencies have come along for the ride, and one of the odder beneficiaries has been Dogecoin-heavily promoted on Twitter in the past couple of weeks by Tesla CEO Elon Musk.

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