狗狗幣Dogecoin是什麼?讓Elon Musk也瘋狂 狗狗幣的起源、用途介紹 #虛擬貨幣 (160001)

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GME軋空事件震撼了美國金融圈,除了股票市場動盪之外,虛擬貨幣也連帶受到了影響。日前台灣中央銀行粉絲專頁發表了一篇介紹「狗狗幣」的貼文,狗狗幣(Dogecoin)又稱為「多吉幣」或「旺旺幣」,和比特幣(Bitcoin)同樣屬於虛擬貨幣的一種。2021年初GME事件發生,狗狗幣在美國Reddit鄉民和Elon Musk的連帶鼓吹之下達到超過800%的漲幅,出乎意料地再度成為了金融圈的話題焦點。雖然狗狗幣如今已成為世界上流通的主要虛擬貨幣之一,但事實上,狗狗幣的起源只不過是一句玩笑話,它的建立也可以歸因於網路迷因的流行。為什麼狗狗幣叫做「狗狗幣」?和網路迷因有什麼關係呢?讓我們繼續看下去。

相較於比特幣起源於一篇嚴肅的學術論文,狗狗幣的誕生可說是非常「獨特」,它的創造可以說是網路流行話題的結合,也因此狗狗幣的代表圖案就是知名的迷因Doge。相信大部分的人都曾經看過柴犬Doge(狗狗的實際名字為Kabosu,醋橙,但迷因稱之為Doge)的梗圖,1隻日本柴犬配上特定的文字說明,在台灣尤其以「關於感情的問題我一律建議分手」為最主要的流行。

2013年正逢比特幣興起,許多跟風的山寨虛擬貨幣也像春筍般冒出,而同時鋪天蓋地的Doge梗圖也直接或間接造成了網路使用者的精神汙染。狗狗幣的創始人之一,Jackson Palmer當時是Adobe的員工,他用一種諷刺的幽默感將Doge梗圖和虛擬貨幣結合,製作了一張有著Doge頭像的貨幣。Jackson Palmer將這張惡搞圖案放上Twitter,寫著「投資狗狗幣吧!這將是下一件大事(或譯為『一定可以大賺一筆』)」的貼文內容,在發佈之後,這則貼文很快地受到廣大網友們的迴響,於是Jackson Palmer在網友們的鼓吹之下,買下dogecoin.com網域,並在網站留下訊息,徵求想要讓狗狗幣成真的夥伴。

事實上,Jackson Palmer對於加密貨幣一竅不通,狗狗幣也真的只是一個玩笑話,從來沒有想過會真的實現。然而,IBM的工程師Billy Markus在偶然下看見了狗狗幣的訊息,Billy Markus一直都有研究加密貨幣,希望能夠創造出一款讓人們可以廣泛使用,而非單純使用於投資的虛擬貨幣。於是Billy Markus在見到狗狗幣網站後,聯繫了Jackson Palmer,二人的合作讓狗狗幣正式誕生,並且在網路迷因的散播之下,dogecoin.com網站短短30天之內就有超過百萬名訪客。

▲狗狗幣介紹。創造於2013年12月,由萊特幣(Litecoin,比特幣的改進)中派生出來。狗狗幣將挖礦(mining)改成挖洞(diging),並且將字體改成Doge迷因中使用的Comic Sans字體。

狗狗幣的創辦人Jackson Palmer曾經提過,狗狗幣和比特幣最大的不同,在於狗狗幣並非為了投資而生,因此它擁有更低的挖礦(挖洞)門檻、更方便的購買方式、以及更低的交易費用。在理想的情況下,狗狗幣被設定為一種輕鬆詼諧的虛擬貨幣,它站在虛擬貨幣投資的對立面,一開始設定為1000億個,後續則改為數量無上限,保護狗狗幣的價格。

因為狗狗幣並不值錢,它最常使用在小費和打賞的情況,網友可以在網路上用狗狗幣表達感謝、支持,且因為一般人無法擁有比特幣等其他虛擬貨幣,狗狗幣正好填補了這樣的空缺,讓對虛擬貨幣有興趣的人更容易參與。狗狗幣也常被使用在慈善行為,在2014年,當狗狗幣社群見到牙買加雪橇代表隊沒有經費參與冬季奧運的時候,他們建立了募款活動,最終成功讓雪橇隊可以出國比賽。

對於雪橇隊的比賽支持讓狗狗幣多出了一種俠義的形象,接下來狗狗幣還完成了肯亞水井挖掘募資計畫、以及在2014年3月成功募集了6780萬狗狗幣(當時約5.5萬美元),贊助NASCAR駕駛員Josh Wise比賽。Josh Wise讓賽車使用狗狗幣的贊助塗裝,這讓狗狗幣在比賽過程中被評論員提起,車體亮相的同時也為狗狗幣宣傳。

▲狗狗幣塗裝賽車,後來美國狗狗幣鄉民的力量也讓Josh Wise在粉絲投票比賽中勝出。(圖片來源:Wiki)

Good to see @Josh_Wise bring back the @dogecoin helmet last weekend! That was such an awesome deal to be apart of pic.twitter.com/VaLUt3LssY

eToro SPAC, XRP & BTC Whales, NFTs, Visa Crypto, Dogecoin: Editor’s Pick

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In a busy week for news, let’s take a look back at the news stories that dominated the worlds of forex, fintech, and crypto, in our best of the week segment.

eToro Confirms Public Listing with SPAC Merger

The biggest news story of the week was undoubtedly eToro’s confirmed plans to merge with blank check company FinTech Acquisition Corp. V for making its public debut on Nasdaq.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

The combined companies will operate as eToro Group Ltd, and the estimated implied equity value will be around $10.4 billion at closing, which is a value that was expected from earlier reports.

The official announcement further detailed that $650 million will be raised from private placement in the public equity and another $250 million from FinTech V’s cash in trust. Private investors, including ION Investment, Softbank, and Fidelity, will receive the equity at $10 per share.

Read more on the eToro SPAC here.

CFTC Hits Coinbase with $6.5 Million Fine Over Wash Trades

Coinbase has been ordered to pay $6.5 million in restitution to resolve civil charges brought by the US Commodities Futures Trading Commission for inaccurate reporting as well as wash trading on its institutional platform.

Following investigations, the US regulator said Coinbase delivered false reports concerning transactions in digital assets traded on its GDAX platform, which was then rebranded as Coinbase Pro.

The CFTC added that a series of unauthorized and fictitious transactions were made on the GDAX platform between January 2015 and September 2018 and possibly more.

Read more on the CFTC Coinbase Fine here.

Dogecoin: From Reddit Meme to Elon Musk’s Obsession – the Evolution of DOGE

After Dogecoin’s explosion in popularity has sent the coin’s price soaring 1150% so far this year, Finance Magnates set about investigating the evolution of DOGE: From Reddit Meme to Elon Musk’s obsession.

A full timeline of events and key points in Dogecoin’s evolution is provided. We also delved deep into Musk’s fascination with DOGE which seems to have started as a joke. However, over time, some of the statements that he has made about Dogecoin appear to be fairly serious.

An unmissable read on Dogecoin here.

Bitcoin and XRP Whales on the Move

It was a week for big crypto transfers. On Tuesday, Finance Magnates reported on XRP Whale Transfering 745 Million Coins. An unknown whale transferred $330 million worth of XRP tokens on the 15th of March after the XRP price jumped more than 10% in 24 hours.

Later on, in the week, one Bitcoin Owner Moved 5,000 BTC from Binance to Xapo. After gaining nearly 6% in 24 hours and hitting $59,320, one BTC user moved 5,000 coins from crypto exchange Binance to digital wallet Xapo.

Creating an NFT from Start to Finish: Here’s What You Need to Know

NFTs are the ‘big thing’ in crypto at the moment. If you are thinking of issuing one or want to know more about the world of NFTs, Finance Magnates brings you the definitive guide to NFTs and the creation of NFTs.

With expert insights from Tal Elyashiv, Founder of SPiCE VC, and Gagan Grewal, CEO of Mogul Productions, here is everything you need to know about creating an NFT creation.

Suggested articles YOONIT: A Centralized Solution for FX Brokers (Part 1)Go to article »

Read more on NFT creation here.

Ethereum Is Getting Popular among Institutional Investors

As Finance Magnates reported this week, Ethereum, the world’s second-largest cryptocurrency, is gaining the attention of major institutional investors around the world. ETH-related investment products attracted $113 million last week, which is almost 50% of the total cryptocurrency inflows

ETH-related investment products attracted a total of $4.2 billion inflows in this quarter, the highest level on record.

The popularity of Ethereum is growing as institutions are accumulating the cryptocurrency in large amounts.

Read more on Ethereum’s popularity here.

Robinhood Lures Investors with Cash Bonus as Stimulus Checks Loom

With the next round of stimulus checks a few days away from being delivered, Robinhood Markets is offering eligible traders up to a 5% bonus for their new deposits. Under the ‘Robinhood Cash Rewards’ program, the broker will match 5% of traders’ next top-up, with a credit of up to $250 over the next two weeks.

The promotion comes as industry surveys show that Main Street investors will plow a large chunk of Joe Biden’s coronavirus relief package directly into equities.

Read more on the Robinhood promotion here.

Cardano’s ADA Token Jumps 18% after Coinbase Pro Listing

As Finance Magnates reported this week, Coinbase has officially added Cardano (ADA) token to the supported assets on the exchange’s professional trading platform, Coinbase Pro, as part of its latest order book expansion.

It is the latest move in a series of rapid expansion plays that the popular US cryptocurrency exchange has made as of late in an attempt to further widen its offering and legitimize a variety of new digital assets.

Touted as the ‘next big thing’ after Ethereum, Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol that validates transactions without high energy costs.

Read more on the Cardano Coinbase Pro Listing here.

Visa CEO Reveals Bitcoin and Cryptocurrency Plans

Al Kelly, the CEO of Visa, said that the financial services company is planning to enable the buying of Bitcoin on Visa credentials. The latest statement of Kelly came after Mastercard revealed its cryptocurrency plans in February.

During his conversation at ‘Fortune’s Leadership Next’ podcast, Kelly said that the company is planning to work with Bitcoin wallets. In February 2021, Visa announced a partnership with First Boulevard, a digitally native neobank focused on building generational wealth for the Black community, to accelerate the company’s efforts to enter the cryptocurrency market.

Read more on Visa’s crypto plans here.

Dogecoin: What Is It, History and How to Buy

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dogecoin

The world of cryptocurrencies can be a bit intimidating and full of technical language that may scare off some potential investors. One crypto, though, adds a bit of whimsy — Dogecoin, the crypto named after the Doge (pronounced DOJH) meme that was popular around 2013. Outdated meme references and cuddly shiba inus aside, Dogecoin is a very real cryptocurrency with a market cap, as of March 2021, north of $7 billion. Much wow, indeed. You, too, can invest in Dogecoin if you’re interested in an alternative to stocks, bonds and other traditional investments. It should be known, though, that cryptocurrencies have a tendency to be very volatile.

To make sure you’re making the best financial choices for you and your family, consider working with a financial advisor.

What Is Dogecoin?

Dogecoin is an open source, peer-to-peer digital currency. In short, it’s a currency that operates like any other currency — you can exchange it for goods and services at retailers and other firms who accept it, and you can trade it for other currencies, whether they be other cryptos or fiat currencies like the U.S. dollar, the euro or the pound sterling. The difference between a crypto like Dogecoin and a fiat currency like the dollar, though, is that the dollar is backed by the full faith and credit of the U.S. government, while there is no government entity providing Dogecoin with value — only the value derived through supply and demand. As with other cryptos, it is built on a database using a format called blockchain, which is essentially a public record of every transaction in the history of the currency.

Each dogecoin is a “token,” though unlike fiat currency, there is no physical representation of the money — just a record on the blockchain of who owns that specific token. When you sell the token or use it for a purchase, the blockchain notes that the token has been transferred to a new owner.

How to Buy Dogecoin

There are a number of ways to buy Dogecoin. The most common is to buy it on a cryptocurrency exchange. There are many different exchanges, but one of the most commonly used crypto exchanges is Coinbase. However, you can also purchase Dogecoin through more traditional trading platforms like Robinhood. You may also want to download a Dogecoin wallet, available on the currency’s official website.

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Another way to get Dogecoin is to use a faucet. These are websites that will give you a small amount of Dogecoin to get started. One common faucet, dogefaucet.com, allows you to request coins every three hours.

Finally, you can mine Dogecoin. This essentially means you use your computer to process other Dogecoin transactions and get some coins as payment. This is designed for advance users and requires a fairly powerful computer setup, so take time to read a tutorial on how exactly to mine before you try it.

Dogecoin History

dogecoin

Dogecoin was founded in 2013, and started out as a bit of a troll. It was created by Jackson Palmer, who worked for Adobe in Australia, and was supposed to be somewhat of a joke on the then nascent world of cryptocurrencies — hence the meme-inspired name. Eventually, Portland-based IBM developer Billy Markus heard about the new currency and got permission to build the software that created the Dogecoin many know and love now.

Though Dogecoin is still generally thought of as more of a fun diversion instead of a serious investment like some other cryptos, it has had a few moments in the sun. For instance, Dogecoin users donated 27 million dogecoins (worth around $30,000) to help fund the Jamaican bobsled team’s trip to the Sochi Olympics in 2014. More recently, the coin has been hyped by Tesla CEO Elon Musk and now the Dallas Mavericks, owned by business rogue Mark Cuban who announced the team would be accepting Dogecoin as payment.

Dogecoin Price History

Dogecoin’s all-time high price was at just over $0.08 early in 2021. As of early March 2021, the coin was worth just under $0.06.

The price went up in early 2021 partially because of some publicity from investor and entrepreneur Elon Musk. The is a major push among the currency’s diehards to see the price reach $1. As of March 2021, Dogecoin was up more than 29,000% from the price five years earlier.

How to Mine Dogecoin

As mentioned above, mining for Dogecoin (or any cryptocurrency) is a fairly advanced maneuver that demands some know-how and a powerful, energy-intensive computing setup.

Mining essentially involves checking Dogecoin transactions on the blockchain. Multiple people can be trying to process the same transactions, though, so it involves a bit of luck to actually get the reward for completing the check.

Should I Trade or Sell Dogecoin?

Dogecoin is a much different animal than some other cryptos like Bitcoin. The value is significantly lower, and there is not a limit to the number of coins that will be available, meaning there can be issues with inflation.

Still, there can be value in investing in Dogecoin, provided you are aware that the margins for gains on each individual token is going to be fairly low. Just make sure you keep your coins in a reliable wallet. If you want help with investing and aren’t sure where to start, consider finding a financial advisor to guide you.

The Bottom Line

dogecoin

Dogecoin is a slightly less serious approach to the world of cryptocurrencies than Bitcoin. It was started mostly as a laugh, and while it has grown into a very real currency that can be used in many situations, it still maintains some of that sense of rebelliousness. The currency can be mined, purchased or gotten for free from internet faucets. It has a relatively low value, so you’ll have to trade in very high volumes if you are expecting to make a big profit.

Tips for Investing

No matter what types of investments you are interested in, consider working with a financial advisor. If you don’t have a financial advisor, finding one doesn’t have to be hard. SmartAsset’s matching tool can help you find a financial professional in your area within minutes to make smarter decisions with your money. If you’re ready, get started now.

Whether you earn money in cryptocurrencies or on the stock market, you may have to pay capital gains tax. Use SmartAsset’s free capital gains tax calculator to see what you may owe.

Photo credit: ©iStock.com/Pedica018, ©iStock.com/BlackJack3D, ©iStock.com/istock_onespirit

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