Dogecoin is sending the Jamaican bobsled team to the Olympics
J Thoendell stashed this in Cryptocurrency
Dogecoin works on the same basic principle as Bitcoin, though it's only worth a fraction as much. It's based ondoge, a meme declared dead at the end of 2013, though the coin itself has taken on a culture of its own. Those factors combine to help its users trade it far more frequently, often in the form of tiny transactions and tips.
So it's thematically appropriate, somehow, for the first big project for the Dogecoin community to rally around is funding the Jamaican bobsled team, made famous in the Disney movie Cool Runnings and represented today by two men who only Monday qualified for the Olympics. They've set up an Indiegogo campaign, which as of this writing had only reached a fraction of its $80,000 goal.
Enter Dogecoiners. Skipping the official campaign entirely (for some reason, Indiegogo doesn't accept any dog-themed cryptocurrencies), they've given 26 million dogecoins to the Dogecoin foundation in the Jamaican bobsledders' name. Early Monday morning, the foundation started converting the Dogecoin to Bitcoin, which is "a more stable currency," as one of the foundation's representatives, Laika, explained on Reddit, presumably aware of the irony.
LOL at "for some reason Indiegogo does not accept any dog-themed cryptocurrencies".
So Dogecoin still exists... Cool.
And Jamaican Bobsled team still exists... Cool runnings!
Meanwhile at the shibexchange...