Jackson Palmer started cryptocurrency dogecoin as a joke. To his surprise, it took off. That's partly why he is not optimistic about the future of cryptocurrencies. The recent volatility in the stock market has also been felt in the value of cryptocurrencies like bitcoin. There are a lot of these around right now - Ethereum, dogecoin text, ripple, just to name a few. There was a gold rush back then in cryptocurrency, and I noticed there was a lot more of what are called alt coins, or alternative coins, coming on the market.
You know, bitcoin copycats, they dogecoin text it, they change a variable and then they, you know, release it to the world.
And so I was like, this seems a little shady. Also happening back inthis Internet meme called Doge. It was a picture of a dog, a shiba inu, and it had this goofy, Comic Sans writing all around it with grammatically challenged phrases like, such wow, and, much amaze. I had one browser tab open with this article about Doge, and right next to it, I had CoinMarketCap, dogecoin text is dogecoin text very popular website for checking the valuations of cryptocurrencies.
So my tab names kind of almost spelled it dogecoin text for me, in a way. He dogecoin text about it and sent off a tweet. And then dogecoin text started hearing from dogecoin text these people who were like, dogecoin? A friend of his in the tech industry is like, what the hell, let's make dogecoin a real thing. It's easy to make a new cryptocurrency, and it'll be, like, a fun project to understand how this stuff really works. And so they created dogecoin.
And then the price of dogecoin starts to take off. And then we were like, oh, no. Like, this thing stands to become the joke that we were making. So Jackson and his partner decide, let's try to use dogecoin for good. On the dogecoin subreddit, they started suggesting giving dogecoins to charity. And then someone was like, hey, I heard the Jamaican bobsled team is trying to raise money. We thought, well, that's just as ridiculous as a dog on a coin.
So sure, why not? They dogecoin text dogecoin to train guide dogs, to drill wells in Kenya. Things were going great - until they weren't. Insomeone convinced a lot of people to invest a lot of dogecoin in a new, shady cryptocurrency business.
That business collapsed, and people lost their money. He gave away all the dogecoin he had to charity. And then last year, along with lots of other cryptocurrencies, the price of dogecoin skyrocketed again. The total value of dogecoin text the dogecoins out there reached more than a billion dollars at its peak. The irony is definitely not lost on dogecoin text. I think I wouldn't change creating it.
You know, I've had several dogecoin text that have come up to me and said, look, dogecoin was the first thing that got me into cryptocurrency, and because of it, I have a reality check on the whole space. And that makes me feel good because it gave them the context that if this thing with a dog on it can, like, pump in price by 10x one day, they're, like, yeah, this whole thing's crazy, right?
People are still creating new cryptocurrencies all the time. There are now dogecoin text than 1, of them. He is the co-host of Dogecoin text new daily podcast about economics and the news.
Meet Dogecoin Jackson Palmer started dogecoin text dogecoin as a joke. Facebook Twitter Flipboard Email. February 8, 5: Dogecoin text on Morning Edition. Jackson Palmer is dogecoin text product manager in San Francisco today, but Back inI created dogecoin. And that kind of just, you know, it really ended the party, right?