Dogecoin Turns Ten
One Decade of Doge Ends, But Another Is Just Beginning
Hey everyone,
Last week Dogecoin turned 10.
To celebrate, the Doge Community gathered online to share with memes, musical performances, and stories about how Dogecoin had changed their lives.
One decade of Dogecoin is in the books, and another is just beginning. Let’s take a look at what made the last ten years great and why the next ten will be even greater.
Thanks for reading The People’s News for the People’s Coin—𝕏’s leading open-source newspaper.
If you enjoy this newsletter, consider subscribing for bonus content on 𝕏. Subscribers receive exclusive commentary on crypto, AI, and the online memescape. Sign up via my profile today!
Last Wednesday December 6th, Dogecoin celebrated its 10th birthday.
In a fitting synchronicity, Dogecoin climbed past 10 cents in the wee of the morning.
Elon interacted with a handful of posts celebrating Dogecoin’s first decade. He liked one post comparing Dogecoin to the US dollar:
And highlighted another post thanking Billy for his creation:
Finally, he liked a post that read, “looking at the moon.”
The DogeArmy celebrated by making the hashtag #DecadeOfDogecoin trend.
Dogecoin has come a long way from when it first burst onto the scene in December 2013 as the whimsical creation of two software engineers who connected over Twitter.
At the time, crypto was hot: after starting the year at $13, Bitcoin had surged past $1000 in November, marking the first crypto bull run ever.
On the day that Bitcoin first cracked $1000, Jackson Palmer tweeted, “Investing in Dogecoin, pretty sure it’s the next big thing.”
At the time, Dogecoin was just an idea in Palmer’s mind, but the combination of white-hot crypto and the explosively popular Doge meme made sense to Billy Markus, who tweeted at Palmer to offer his services, ironically calling Doge “the greatest idea ever.”
Palmer registered Dogecoin.com, while Markus made a few modifications from the code of another cryptocurrency he’d created called Bells.
On December 6th, an account named “Dogecoin” registered in the forum BitcoinTalk. In response to a thread called “Buying car with BITCOIN. World 1st!!” the account posted: “wow/such currency/very car/much moon!”
In that moment, Dogecoin entered the world.
The idea was an instant hit. Thousands recognized the absurd value of a coin based on a meme. One website called it “the most Internet thing to happen, ever.”
Two weeks into Dogecoin’s existence, Billy and Jackson did an interview with a crypto-focused news site. To their surprise, Dogecoin’s friendly mascot helped drive mainstream adoption of crypto better than any other coin.
Doge was a viral sensation, but by January 2014 crypto entered a steep correction
Most projects die during crypto winter, but Dogecoin survived through the strength of its community, which banded together to send the Jamaican bobsled team to the Sochi Olympics.
The crowdfunding campaign etched another facet into Dogecoin’s brilliance: while other cryptocurrencies were just about flipping tokens to make cash, Dogecoin combined humor and charity in service of a vision for a better world. This, as much as anything else, gave it staying power.
To this day, Dogecoin’s decentralized community remains its greatest strength.
On the evening of its 10th birthday, Dogecoin enjoyers got together for a Spaces event hosted by DJ Doge. 14,000 people tuned into listen to heartwarming stories about how people discovered Dogecoin.
During the event, Dogecoin Developer Timothy Stebbing announced a collaboration between the DOGE-1 lunar satellite and Radio Doge, a project that allows Dogecoin transactions to take place in the absence of the Internet.
Samuel Reid, CEO of DOGE-1 manufacturer GEC, said the satellite was important first step in building the lunar economy: "Getting interplanetary crypto proved out is pretty important and historical, and that's what we're doing with this as a first example of what GEC and SpaceX can achieve together."
The news about DOGE-1 and Radio Doge is a poignant illustration of how far Dogecoin has come in the last ten years, and a powerful reminder that not even the sky is the limit for digital dog money.
After the Spaces, Doge community members Gary LaChance and Julia Love hosted another birthday event over Zoom, where Love said of Doge, “All we have to do is collectively decide that there's a new future and we're choosing it."
Dogecoin came into being at a pivotal moment for crypto, when Bitcoin first went mainstream and cracked $1000.
The last decade has been a wild and bumpy ride for Doge, but things are trending upwards thanks to the combined efforts of its amazing community.
Now it’s entering its second decade at another key juncture, not just for crypto but the entire financial system. Dogecoin is poised to take the world—and galaxy—by storm.
Here’s to another breathtaking 10 years of Doge. The future is wow!
Dogey Treats: News Bites
Google updated its advertising policy to allow Bitcoin ETF ads to run.
Dogecoin appeared more than 50 times in the source code of Tesla’s Cybertruck check-out page.
Thank You!
Thanks for reading! Consider sending a tip or Subscribing on 𝕏 to help keep the newsletter going!
DJ2zTEdHBD3guHLfVaNBaypr6bHFG5Nwfw
Memes of the Week
It’s ALL Risky!
Thank you, kind reader, for reading and subscribing to this newsletter. I really appreciate it!
If you haven’t already, please sign up to this email newsletter for more weekly articles like this one. Also, please share it with a friend or on 𝕏 if you enjoyed this article.
What do you think? When will the Dogefather strike? Let me know!
Remember, Dogecoin is risky. But then again, it’s all risky!
Follow on 𝕏 at @itsALLrisky
Send an email to itsALLrisky@gmail.com
Send a Doge tip: DJ2zTEdHBD3guHLfVaNBaypr6bHFG5Nwfw
This article was written in collaboration with @CryptoDogDivine, give them a follow!
Don't forget to subscribe to this newsletter!
Subscribed
Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.09 per coin.
