Dogecoin core not connecting to peers3/21/2023 ![]() The major difference between Bells and regular cryptocurrencies was the rewards: they were completely random. He tried to create his own cryptocurrency for "sillies," as he put it.īells was weird as hell. He decided to take a weekend and do something weird. Markus saw that bitcoin's code was open-source. It was 2013, the original crypto gold rush. He'd just finished "Bells", a project he was working on in his spare time.īells was a cryptocurrency named after money used in the Nintendo game Animal Crossing. On the other side of the world, Billy Markus, a video game-obsessed software engineer at IBM, saw Palmer's note. He left a note on the site: If you want to make Dogecoin a reality, get in touch.Īnimal Crossing, featuring the in-game currency "Bells". He bought the domain and uploaded a photoshopped Shibe on a coin. "Investing in Dogecoin," Palmer tweeted, "pretty sure it's the next big thing."įor laughs, Palmer decided to keep the joke going. It was a joke taking aim at the bizarre world of crypto and bitcoin's multiple derivatives. "It is a puzzle to me why Dogecoin is so highly valued," says Adrian Lee, a senior finance lecturer at the University of Technology in Sydney.Īt the peak of the meme's popularity near the tail end of 2013, Palmer, an Australian marketer for one of the world's largest tech companies, made a joke combining two of the internet's most talked-about topics: cryptocurrency and Doge. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century.ĭogecoin is a digital coin with a picture of dog on it. One important difference: bitcoin is the original blockchain proof-of-concept. This is the story of Dogecoin, the joke that became too real for its own good.ĭogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. ![]() It reminded Palmer how insane the world could be. Six months later, he watched as a joke that he'd made in passing somehow manifested itself into something tangible. ![]() Palmer describes the situation using words like "crazy," "surreal" and "nuts." He remembers this moment as a "reality check." Dogecoin was a tweet, then it was a cryptocurrency worth money in the real world. A Shiba Inu, more commonly known as a "Shibe," the dog made famous in the Doge meme that was popular in 2013.Įmblazoned on top: the word " DOGECOIN" in all caps.
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