- Tom Holland rescues fan getting squashed by autograph hounds Tuesday 7:14 PM
- What is incel ‘Chadfishing’? Tuesday 6:36 PM
- Facebook to give France data on users suspected of hate speech Tuesday 5:29 PM
- This 89-year-old man is stunned by all the technology around him—in 1930 Tuesday 5:21 PM
- Wayfair refuses to stop furnishing migrant detention centers Tuesday 4:48 PM
- Woah! How did Keanu Reeves get so small? Tuesday 4:37 PM
- The centrist argument against Sanders’ student loan plan is getting ripped apart Tuesday 4:08 PM
- Jonathan Frakes confirms that you’re right in yet another meme Tuesday 3:56 PM
- Meryl Streep, Ariana Grande set to star in Netflix’s ‘The Prom’ Tuesday 3:35 PM
- ‘Stranger Things’ Season 3 goodies are here just in time Tuesday 3:01 PM
- Kim Kardashian’s shapewear line Kimono is already getting called out Tuesday 2:11 PM
- ‘Aggretsuko’ tones down the rage in season 2 Tuesday 1:13 PM
- TikTok is being used to call out predators Tuesday 12:41 PM
- Republican congressman wants to defund PBS over the gay rat wedding Tuesday 12:39 PM
- Elizabeth Warren calls for sweeping overhaul of U.S. elections Tuesday 11:47 AM
No portfolio is complete without the canine commodity.
Yes, in a triumph of Internet synergy, you can now invest in Dogecoin, quite probably the first open-source, peer-to-peer cryptocurrency based on a meme—the ever-popular “Shibe” concept, to be precise. Just don’t expect a “wow”-worthy return anytime soon: Right now a million Dogecoins are supposedly worth 0.0507 BTC, or a little less than $50. Reports have surfaced, however, of people paying $1 for 10,000 or even 3,500 DC, and as much as an Australian dollar per 20 DC.
Hundreds have pooled together and set to mining—or “digging,” as one forum wittily has it—the adorably hordable coins. So far, more than 5,000 blocks have been accessed by users looking to be rewarded with more DC. In addition to a Twitter account and Facebook page, there’s an entire subreddit for traders of the burgeoning currency. All three are venues for extremely scientific analysis and speculation about the future of the Dogecoin market, as is /g/, 4chan’s technology board.
All told, there are 100 billion Dogecoins to be mined, though like Litecoins they are encrypted with Scrypt and therefore “cannot be effectively harvested using ASICs, or specialized Bitcoin-mining equipment.” The wallet appears to be a copy of Luckycoin’s. ‘
Realistically, then, Dogecoin’s edge is all in the branding: Very fluff, much business. Is it headed for the moon, as Bitcoin enthusiasts like to say? Could be—Shiba Inus are great jumpers.
Photo by Rock K/Flickr
Miles Klee is a novelist and web culture reporter. The former editor of the Daily Dot’s Unclick section, Klee’s essays, satire, and fiction have appeared in Lapham’s Quarterly, Vanity Fair, 3:AM, Salon, the Awl, the New York Observer, the Millions, and the Village Voice. He's the author of two odd books of fiction, 'Ivyland' and 'True False.'