- Bug lets Twitter save your DMs—even after you delete them Friday 7:21 PM
- Guy mansplains song to Japanese Breakfast, the female artist who wrote the song Friday 6:38 PM
- Ann Coulter’s Twitter bio links to a vulgar parody account Friday 5:22 PM
- Popular YouTube music channel gets income yanked for ‘repetitious’ content Friday 4:14 PM
- New website will endlessly generate fake faces thanks to AI Friday 3:41 PM
- Man fakes getting stood up at Outback Steakhouse Friday 3:03 PM
- FCC looks to tackle robocalls and spoofed texts Friday 2:57 PM
- How to protect yourself from the data breach that affected 744 million accounts Friday 12:56 PM
- How to stream Rob Brant vs. Khasan Baysangurov online for free Friday 12:21 PM
- No, Ocasio-Cortez doesn’t have her boyfriend on her payroll Friday 12:20 PM
- Writers want this book canceled for misgendering its protagonist Friday 12:15 PM
- Trump Jr’s meme about his dad’s border wall doesn’t get how Congress works Friday 11:44 AM
- FBI reportedly looking into Ryan Adams’ communications with underage girl Friday 11:25 AM
- Trump does Chinese accent, declares national emergency, bewilders the internet Friday 11:21 AM
- Chrissy Teigen throws shade at Logan Paul-Kaitlin Bennett pairing Friday 10:48 AM
Note that that’s quantity of trades, not quality. All the bitcoins in the world are worth $10.1 billion, according to stats provided at Bitinfo. Dogecoin, which takes its name from the already-kinda-old doge meme, is worth a relatively paltry $9.2 million.
Likely because of that, dogecoin owners are exchanging left and right, avoiding the familiar Bitcoin trap where many users simply purchase some amount of the currency to sit on it and hope it appreciates. Nearly twice as many Dogecoin users (98,808) have made trades in the past 24 hours as Bitcoin users (55,352), and that number dwarfs any other cryptocurrency.
That’s made all the more remarkable when you consider Bitcoin is constantly upping its real-world applications. You can order deliveries from Overstock.com, for example, or in thousands of physical locations, but Dogecoin doesn’t have anything close that kind of use.
That’s due in no small part to enthusiasts’ readiness to tip each other in Dogecoin. Reddit even has a custom-programmed tip bot that any redditor can use, and it often handles hundreds of transactions an hour.
In fact, so many dogecoins have been traded and then quickly traded again that the number of dogecoins in transit over the past day, 33,767,101,030, outnumbers the number of dogecoins in existence.
H/T PCR Online | Photo via r/supershibe (remix by Fernando Alfonso III)
A former senior politics reporter for the Daily Dot, Kevin Collier focuses on privacy, cybersecurity, and issues of importance to the open internet. Since leaving the Daily Dot in March 2016, he has served as a reporter for Vocativ and a cybersecurity correspondent for BuzzFeed.