http://www.ibtimes.co.uk/most-valuable-tweet-history-donates-11000-worth-dogecoin-kenyan-water-charity-1440565
14 Million Dogecoins donated anonymously to the Doge4Water campaign! This is what this currency is all about. :yahoo:
"I am here for the greedy. Taking the crumbs and spreading them to those in need."
14 mill dogecoin = 10K in real dollars so it's like some sort of third world currency :D
this is why I liked the old 1 & 2 cents and $1 & $2 paper notes..seemed like I had more money..in a way we did as they were bigger and took up more room..oh the good old days :winkextra:
Quote from: 'ausjack' pid='44229' dateline='1395266177'14 mill dogecoin = 10K in real dollars so it's like some sort of third world currency :D
this is why I liked the old 1 & 2 cents and $1 & $2 paper notes..seemed like I had more money..in a way we did as they were bigger and took up more room..oh the good old days :winkextra:
Cryptocurrencies are decentralised. There is no central bank or government saying "as of now, its worth this much", or tampering with various things to make traders buy or sell a currency and altering it value.
Instead, its entirely determined by the market. If you look at Bitcoin, over five years, they went from a few cents to $1200, and back to $600 or so now. There will only ever be 24 million BTC, so you need to divide them up into tiny fractions to make them relate to real world purchases of things like T-shirts and Ice Creams. The fixed supply and the tiny numbers are a huge problem I think, and others seem to think so too.
So Dogecoins started with 100 Billion, of which about 60% have been mined in 3 months, and all will be dug up by the end of the year. Then they will inflate forever by about 5 Billion a year, which will put them in line with accepted inflation targets of all central banks, and will allow for population increases etc. And it makes the numbers much more human-friendly. A million is a better number for people to grasp than 1.79348275 would be, don't you think?
But even so, 100 Billion is not much of a supply, and values could easily explode the way Bitcoins did. Imagine having a million, worth a tenth of a cent each, and the value goes to a dollar... or $10 each! A bit like having bought gold for $25 a ounce, Apple shares for $12, or a house for $5,000! Or even... a 1930 penny for a penny. ;)
And unlike BTC, which demand heavy-duty, expensive computing power to mine, any computer can currently produce Doge, though it gets harder over time. Even this MacBook I'm on now is CPU mining in the background while I do other stuff:
[2014-03-20 12:26:23] accepted: 1030/1039 (99.13%), 6.97 khash/s (yay!!!)
OK, 6.97k hash rate is a joke, compared to graphics cards running a thousand times that, but I'm just playing around. And it earns me enough coins for my current purposes. If I get serious, I'll either mine seriously, or just buy what I need.
Its still very much early days, and the best time to get into anything, especially when its free. There is no downside, and unlimited potential. As they say...
"To The MOON!" :angel:
Hood's at it again...
https://twitter.com/savethemhood
It's well over 46.5 million (over $18,000) which is only if you count these:
Jimmy Fallon - 15.5 million ($6,773)
Ashton Kutcher - 15 million ($6,555)
Alexis Ohanian - 3 million ($1,311)
Jason Calacanis - 3 million ($1,311)
Nick Bilton - 2 million ($874)
Alexia Tsotsis - 2 million ($874)
Robert Scoble 2 million ($874)
Ev Williams - 2 million ($874)
Gabe Rivera - 2 million ($874)
There's a lot of conjecture about exactly where this guy is getting the money. Most likely he mined it in the early days, or perhaps he's buying it as he goes. Either way, he's given away a small fortune so far, and shows no sign of stopping anytime soon.
Not that I see much sense in giving money to people worth hundreds of millions. Apart from not caring, they probably have no idea what dogecoins even are, or how to use them. But maybe someone with a clue might wrote about it, and make some noise...