Dogecoin goes serious despite Bitcoin doubts

Gail —  February 7, 2014 — 1 Comment

Screenshot: YouTube Doge is a slang term for “dog” that is primarily associated with pictures of Shiba Inus (nicknamed “Shibe”) and internal monologue captions on Tumblr

Surely vast majority of people have heard about Bitcoin for now, while the Dogecoin still remains unknown to many. Yet, according to the statistics, Dogecoin gains popularity much faster than the competing Bitcoin. It seems that Dogecoing is slowly becoming the easiest educational tool in cryptography, the area, which tend to be very frustrating for an average person. Dogecoin provides an easy manual that allows you to use your learning skills in practice.

The system is new; it was launched back in December and is already winning in the amount of transactions with Bitcoin. Meanwhile, Bitcoiners will argue that Dogecoins transactions are irrelevant, as it is merely an individual transactions, that are not worth more than a couple of pennies. That is partly true, but for now the 44 billion DOGE is being moved between the growing amount of users.

Image: Bitinfocharts

The question of insignificance is doubtful, as Dogecoin is the third most valuable altcoin around after Litecoin and Peercoin. Especially considering that recently the top cryptocurrencies have been loosing value today, while Dogecoin has been gaining up to 15 percent.

What is more important than that is that Dogecoin has attracted completely new and diverse group of users in the area that was previously dominated by hackers. Interesting enough, the group has a significant amount of females.

It seems that Dogecoin, regardless of disputes, has made an enormous step: it attracted new users, made them send cash online and managed to explain the whole process as easy and fun. Yesterday, Taiwanese Animators shared their own video after Dogecoin donations helped propel Jamaica’s bobsled team to Sochi.

The Internet is full of articles congratulating Dogecoin with success.

Some of them are cheerful, another bitter, like the one with the title “Why are we supposed to stand here and smile.” Read more…..

Gail

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One response to Dogecoin goes serious despite Bitcoin doubts

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