My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong - Motherboard


18 bookmarks. First posted by kch january 2018.


Jackson Palmer is an Australian entrepreneur and technologist best known for creating the infamously successful “joke” cryptocurrency Dogecoin. Currently based…
from instapaper
12 weeks ago by yudha87
> The space being overrun by opportunists looking to make a buck, rather than people investing in evolving the technology.
> “When your taxi driver is telling you to buy stock, you know it’s time to sell.”
> Over the past year we’ve seen the collective market cap of all cryptocurrency assets balloon to more than $700 billion USD, largely because of speculative trading.
> the underlying technology is still facing technical challenges related to scaling that need to be addressed. At the time of writing, it costs an average of of $30 to send any amount of money using the Bitcoin network.
> Once the cryptocurrency price bubble pops and takes all the hype with it, will the community be able to recover the energy it needs to build real, innovative technology once again?
cryptocurrencies 
january 2018 by mazin_z1
My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong
from twitter
january 2018 by jamescampbell
Jackson Palmer is an Australian entrepreneur and technologist best known for creating the infamously successful “joke” cryptocurrency Dogecoin. Currently based…
from instapaper
january 2018 by fogus
Even dogecoin’s creator is sad to see cryptocurrencies become such a bubble
from twitter_favs
january 2018 by romac
When I jokingly tweeted about “investing in Dogecoin” in late 2013, I never imagined that the tongue-in-cheek cryptocurrency I had just brought into the world would still be around in the year 2018, let alone hit a $2 billion market cap like it just did over the weekend. via Pocket
IFTTT  Pocket 
january 2018 by keithprime
Last year saw an explosion of interest and investment in cryptocurrencies across the board, so it’s tempting to see 2017 as the best year to date for the industry. But I feel it is shortsighted to mistake this explosive growth as being sustainable—in fact, I feel 2017 was arguably the worst year for cryptocurrencies yet. To understand why, let’s revisit what I learned from the currency I created as a joke.
bitcoin  crypto-currency 
january 2018 by jchris
My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong via
from twitter
january 2018 by kitoconnell
Everything that's wrong with cryptocurrencies, in one article.
from twitter_favs
january 2018 by david.nguyen