DOGECOIN: A cryptocurrency joke at first. But somehow turned real in the end
Let me tell you the story of
how Dogecoin went from a joke to the real thing like Bitcoin.
On June 22, 2014. Jackson Palmer, a self-identified "average geek," was at a Nascar race at Sonoma Raceway in California.
He is an Australian man around 20 years old. He has zero interest in racing.
Never did he imagine it would come to this.
He explains the scene like this,
Below him:
a tremendous crowd. The overwhelming blare of engines. Hurtling round at tremendous speeds: the #98 Moonrocket, a high-performance racing car. No different from the other cars on the track, except for one crucial detail.
On the bonnet of the car:
a dog. A Shiba Inu, more commonly known as a "Shibe," the dog made famous in the Doge meme that was popular in 2013.
Emblazoned on top:
the word "DOGECOIN" in all the caps. Below: "digital currency".
According to Palmer, the situation was "crazy," "surreal" and "nuts." He still call this moment a "reality check."
At first, Dogecoin was a tweet, then soon it became a cryptocurrency worth money in the real world.
Six months later, Palmer watched as a joke that he'd made humoringly somehow turned itself into something humongous.
Palmer understood after this that how insane the world could be.
At one point Dogecoin was worth like 2 billion dollar.
It makes no sense.
According to Adrian Lee, a senior finance lecturer at the University of Technology in Sydney,
"Dogecoin is an easily replicable coin. I don't know how it distinguishes itself from Bitcoin. I really think it has to do with being established early."
"And also the dog."
Funny how a simple thing can turn into something massive !!!
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