In 2013, while Bitcoin was skyrocketing, another popular thing on the Internet was that a firewood emoticon package called Doge meme became popular all over the Internet. Everyone reposted the dog head to express "speechless" and so on. Ironic emotion. At that time, some people in the currency circle also used this expression to express that they could not understand the rise in Bitcoin prices.
At that time, Jackson Palmer, a marketing specialist who was working in Sydney at Adobe, came up with a prank idea. He decided to make a digital currency based on the dog head emoticon package. Jackson Palmer initiated a post on the Bitcoin forum, hoping to develop a Dogecoin. This post was quickly discussed intensely. On November 28, he sent a tweet to invest in Dogecoin. Well, I'm pretty sure it will do something big.
After all, Jackson Palmer is in marketing, he doesn’t know how to issue coins. However, he felt that since someone was paying attention, he should continue playing, so he bought Doge’s domain name, uploaded a picture of a coin with a dog head emoticon on it, and 1 Dogecoin = 1 Dogecoin. He also left a message on the website to recruit developers, "If you want Dogecoin to become a reality, please contact me." Now this sentence has become an introduction to Dogecoin, which is a Open source peer-to-peer digital currency, loved by “Shiba Inus” around the world.
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The news that Jackson Palmer wanted to issue a currency was seen by Billy Marcus, a programmer at IBM at the time. He had wanted to issue a currency for a long time, but he didn't know how to get more people to participate, so I quickly contacted Jackson and told him that I would help you implement it.
Like Jackson Palmer, Billy Marcus also developed this coin with a prank mentality. He copied a large amount of Bitcoin's code and completed the development of Dogecoin in 3 hours. The total amount of 21 million is changed to 100 billion. After mining, an additional 5 billion will be issued every year, which is equivalent to unlimited issuance.
In addition, he has also greatly reduced the difficulty of mining. Users can mine at any time without restrictions. Now all Dogecoins have been mined, and the current circulation is 129 billion. Billy Marcus also changed "mine" to "dig". On his Twitter, his ID is also a variant of Satoshi Nakamoto, Shibetoshi Nakamoto.
As of May 21, Dogecoin (DOGE) is temporarily trading at US$0.39, with a circulating market value of US$50.7 billion. However, Jackson Palmer and Billy Marcus, who created Dogecoin, both sold all their Dogecoins in 2015, closed their personal social media, waved their sleeves, and completely quit the community. In early February this year, Dogecoin rose 7 times in one week.
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The sudden surge in Dogecoin attracted the attention of Markus, who published an open letter on Reddit. In the letter, he wrote that the starting point for creating Dogecoin was not to let people speculate wildly, but to bring more security to the world. What a positive impact, such as promoting the development of charity or other interesting things.
After Dogecoin became popular, like Bitcoin, it deviated from their original intention. He and Jackson Palme were harassed by many fanatical speculators, sending them messages from various channels, hoping that they would use their influence ⼼ He used the currency he held to promote market speculation, but after being unbearable, he sold the currency and left the market. Markus also revealed that except for the recent reward, he currently does not have any Dogecoin. After being laid off in 2015, his savings became dwindling. He sold all his Dogecoin and bought a second-hand Honda Civic. .
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Someone has calculated that the price of DOGE at that time was about US$0.0001. If a second-hand Honda Civic was priced at US$6,000, Markus sold at least 60 million Dogecoins. On May 8 this year, DOGE rose from a peak of US$0.0046 to US$0.7 during the year, an increase of more than 150 times in half a year. If calculated based on the highest price of US$0.7, 60 million DOGE would be worth approximately US$42 million. The most expensive Rolls-Royce Phantom currently costs about US$1.3 million, and US$42 million is enough to buy 32 units. #马斯克