Long Live Dogecoin: Why Developers Won't Let the Joke Currency Die

5 stars based on 55 reviews

And its founder thinks that's a bad sign for the cryptocurrency market in general. Jackson Palmer, currently a product manager at Adobe, created dogecoin — a fairly simple Bitcoin clone — back in Back before bitcoin become a global phenomenon, dogecoin quickly garnered a strong following, primarily focused on memes including dogecoin's mascot, a Shiba Inu dog, and jokes about reaching "the moon," which in crypto lingo means becoming rich.

Even Dogecoin is rallying in this cryptocurrency boom. Having a four-year-long history in the world of crypto is a big deal, and as Dogecoin's following got stronger, its price steadily increased. That has set off some alarm bells among people in the cryptocurrency community, including Palmer.

But here's the deal: Dogecoin does not offer many significant technological advantages over Bitcoin. And it's not something that's seen any improvement, having not received a significant update in years. And Palmer, who sold most of his Dogecoin by and is not actively involved in the project anymore, thinks this type of price growth is indicative of a bubble. It's not just about Dogecoin, though. After an article in crypto-oriented media outlet Coindesk focused on Palmer's comments on Dogecoin, he posted an expanded statement on Twitter.

As a result, we're seeing even highly centralized assets such as Ripple achieve extremely high valuations, despite their lack of technological innovation and misalignment with the original vision of Bitcoin," he wrote. In general, the current market is a "bubble," claims Palmer, though he doesn't dare predict when it will burst.

Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society. Palmer is not the only one who's worried that enormous valuations of cryptocoins and greed have eclipsed the technological innovations that the cryptocurrency space offers. Ethereum co-founder Vitalik Buterin recently tweeted that "billions of dollars of digital paper wealth sloshing around" isn't quite the same as "achieving something meaningful for society.

We're using cookies to improve your experience. Click Here to find out more. Tech Like Follow Follow. People are spending millions on virtual CryptoKitties.

Bitcoin price chart usdcad

  • Hallyu storm bot net putsa

    Setup a bitcoin mining pool

  • Review circle bitcoin price

    Compile bitcoin qt mac osx

Smoker robot voice maker online free download

Ethereum mac cudaethereum news 21 de junho

  • Rvca magic wallet litecoin

    Dealbook nytimes bitcoin mining

  • Robot icon pop answers level 2 character part 3

    21 bitcoin computer hash rate to bitcoin

  • How to make a lego mindstorms nxt 2.0 gun

    Where can i buy liquid cyproheptadine

The bitcoin news uk daily mail

12 comments Bot makerbot replicator 2x replacement extruder nozzle

Ascii dogecoin value

Well, funny it was and it continues to be with its dog meme. It is indeed the currency that anyone who wishes to learn a thing or two about alternative currency should invest in. Moreover, there is the Shiba Inu a breed of a Japanese dog which strives to make the environment easy and fun. Moneywise, Dogecoin cannot take the crown for being among the best performing cryptocurrencies in However, it takes the crown for being persistent and having a lively community on Reddit. Dogecoin was meant to be a funny cryptocurrency but it seems funny is no longer that good.

Jackson Palmer who is behind the Dogecoin altcoin creation says a cryptocurrency crash is around the corner. Unlike Bitcoin which is deflationary, this currency is inflationary. It was a hard fork of Litecoin even though it has changed some fundamentals which clearly distinguishes it from Litecoin crypto.

The currency has been used for philanthropic activities such as sponsoring sports and helping people in need of water. The future of DOGE currency is but bleak. There is so much passion in the community. Stay up to date with the financial markets everywhere you go. Home - Forex Analysis - Cryptocurrency - Dogecoin forecasts and predictions for The performance of Dogecoin Moneywise, Dogecoin cannot take the crown for being among the best performing cryptocurrencies in How different is Dogecoin from other cryptocurrencies?

How is the future of Dogecoin like? Comments 6 comment s Click here to cancel reply. Leave a comment Bryan Ryersen. Bryan how could you forecast such a escalation for Doge?

I predict big suprises if China latches. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go.

Sign up for updates. View ICO See whitepaper. Find out more here! What is STK altcoin and is it worth investing in? Get the most recent news at your inbox.