32.32%(!) of that has already been mined. That's 32,323,788,534 dogecoin.
26 million is .08% of all dogecoins that have been mined.
Original spec for Dogecoin:
We're on block 65K. The first halving is scheduled for block 100K or Feb 14.
Dogecoin trade volume is around #2 #3 in cryptocoin markets, so actually it's very liquid. In practical terms, there's been $7M USD in trading volume in the last 24h. Converting 10s of M Doge into BTC into USD would be very easy.
Today is the Knowledge Day.
Their story inspired a comedy, Cool Runnings:
Doge is roughly identical to Litecoin, but more fun.
1-I have a modest GPU mining setup, and I mine LTC and Doge.
1. Hear the Jamaican bobsled team needs cash to get to Sochi.
2. Want to help- surely there is a fund online people can donate to?
3. Search google, find nothing.
4. Search reddit, only related thread is in /r/dogecoin.
>So many people had been donating, in fact, that they seemed to raise the price of the currency itself; in 12 hours, the Dogecoin to Bitcoin exchange rate rose by 50%.
The net effect is that dollars themselves were donated effectively by means of doge.
- dedicated, welcoming community
- coin ecosystem: well-orchestrated launch, smart developers
and pool operators, etc.
- increased hashrate, second now only to that of bitcoin and litecoin.
This is partly from the community and partly from speculators:
success breeds success.
- lots of good publicity
Of course, doesn't mean it will stay that way, though I have a hard time believing it will ever lose its joke status.
All cryptocurrency is 'joke status' to a certain extent with the vast majority of people. Personally, I think it'd be genuinely funny for dogecoin to grow to be the most popular and valuable cryptocurrency.
Any chance the business plans for these businesses is "Make doge jokes on reddit, collect dogecoin donations"?
Not even close. Thousands of businesses accept Bitcoin. A few dozen accept Doge.
> And the volume of dogecoin transactions exceeded bitcoin transactions the other day
Ah, you mean that stupid metric when you count the number of coins transferred? Yeah, whenever Doge fans mention it, they always forget to mention that there are 21 million bitcoins max, and what, a trillion Doge? You can create a coin with an extilion coins, make one transfer of all of them between two wallets, and voilà, you beat Doge in that metric. That's how dumb it is.
Even at the peak of its popularity, Doge's volume in USD equivalent is 1/3 of Bitcoin. It's still impressive, no argument about it. Just don't make it sound like Doge overtook Bitcoin in any meaningful way.
> All cryptocurrency is 'joke status' to a certain extent with the vast majority of people
I disagree. Most people are not aware, that's true. But Bitcoin is serious business now.
Very few real-world businesses, online of off, accept ANY sort of cryptocurrency. So much so that the big bitcoin lists of businesses that accept bitcoins are mostly made up of no-name and very low level online sites with virtual goods (hosting, email, sms, games, etc). They list a few dozen small online stores that sell real hard goods. The one notable exception is Overstock.com, though they don't accept bitcoin themselves. They just added Coinbase as a checkout option ala PayPal, WePay, Scrilla, Amazon Payments, etc (so they have no pricing in bitcoin and never touch bitcoin themselves since Coinbase does a BTC to USD trade immediately on purchase and gives Overstock.com the USD).
> Ah, you mean that stupid metric when you count the number of coins transferred?
Nope. Dogecoin has exceeded bitcoin in terms of number of daily unique transactions. Nothing at all to do with the number of coins transferred or available. Dogecoin sees about double the number of daily unique transactions that bitcoin does. That's pretty astounding considering that Bitcoin just celebrated its 5 year anniversary and Dogecoin just celebrated its one month anniversary. See: http://blogs.marketwatch.com/thetell/2014/01/14/dogecoin-tra...
> I disagree. Most people are not aware, that's true. But Bitcoin is serious business now.
Most people that are aware of it think its a silly bubble, pyramid/pump and dump scheme, and/or semi-interesting exercise in distributed computing/trust/etc. A small percentage of the people aware of it think it's serious and have put some skin in the game. I have some BTC some LTC and some DGC that I've been given but have never actually done anything with any of them.
There are 2,700 physical stores that accept Bitcoin listed here:
Plus there are 90,000+ online merchants that accept Bitcoin via Spotify.
Plus there are some major companies joining every day, including Overstock and Tesla.
> Dogecoin sees about double the number of daily unique transactions that bitcoin does.
Ah, sure, but 99%+ of them is people tipping each other for fun on Reddit and other sites, and transactions on exchanges. They are not goods purchased, simply because there are almost no places to spend Doge.
 Source: http://blockchain.info/charts/avg-confirmation-time
> Plus there are 90,000+ online merchants that accept Bitcoin via Spotify.
I think you mean that 75,000+ online merchants have the option of accepting bitcoin via Shopify if they decide to enable it. Shopify merchants must explicitly enable it (it's off by default) and there have been no numbers released on how many have.
> Plus there are some major companies joining every day, including Overstock and Tesla.
As discussed previously, Overstock isn't pricing in bitcoin or assuming any of the risk of bitcoin. Overstock never even touches it, just letting Coinbase be a 'pay via' vendor ala PayPal or Google Wallet and only dealing in USD for pricing and their actual payment from Coinbase done via a realtime conversion of BTC to USD. Mind you, I'm not minimizing that as it's still a pretty big deal.
Tesla doesn't accept bitcoins. That Tesla S from the story in December was purchased at a 3rd party dealership in USD that were converted from bitcoins. The story that he walked in to a Tesla dealership and bought it with bitcoins was a bit of an exaggeration that some bitcoin fans seem to keep repeating.
> Ah, sure, but 99%+ of them is people tipping each other for fun on Reddit and other sites, and transactions on exchanges. They are not goods purchased, simply because there are almost no places to spend Doge.
Quite true. But it's still very impressive for a cryptocurrency only one month old compared to the 5 year old bitcoin. When bitcoin came out, people used it to tip each other and do silly things on reddit, too, but nowhere close to the numbers you see from dogecoin now.
this is reminiscent of lots of internet successes: twitter, reddit, dropbox, etc.
friendly wins the internet
It's a fun story about a joke cryptocurrency. Roll with it.
As far as "second to bitcoin", not quite. Its market cap jumped quite a bit in the past day, but it's still 8th on the list according to http://coinmarketcap.com/