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  1. <br> <br><h1 style="clear:both" id="content-section-0">After GameStop, the rise of Dogecoin shows us how memes for Dummies<br></h1><br><br> <br><br><br><br> <br><p class="p__0">Its scrypt innovation and unlimited supply was an argument for a faster, more adaptable, and consumer-friendly version of Bitcoin. Dogecoin is an "inflationary coin," while cryptocurrencies like Bitcoin are deflationary due to the fact that there's a ceiling on the number of coins that will be produced. Every four years the quantity of Bitcoin released into circulation by means of mining benefits is cut in half and its inflation rate is halved along with it until all coins are released.</p><br><br> <br><br><br><br> <br><p class="p__1">2014, the Dogecoin neighborhood contributed 27 million Dogecoins worth approximately $30,000 to money the Jamaican bobsled group's trip to the Sochi Winter Olympic video games. In March of that year, the Dogecoin neighborhood donated $11,000 worth of Dogecoin to build a well in Kenya and $55,000 of Dogecoin to sponsor NASCAR motorist Josh Wise.</p><br><br> <br><br><br><br> <br><p class="p__2">The first sign that not all was well with the Dogecoin neighborhood was the departure of Jackson Palmer who has stated that a "toxic community" had actually grown up around the coin and the cash it was producing. One member of that harmful neighborhood was Alex Green, a. k.a. Ryan Kennedy, a British resident who created a Dogecoin exchange called Moolah.</p><br><br> <br><br><br><br> <br><p class="p__3">Green's exchange persuaded members of the community to contribute large sums to help fund the production of his exchange, however it later on appeared that he had used the contributions to purchase more than $1. 5 million of Bitcoin that in turn purchased him a luxurious way of life. Individually, Kennedy was convicted in 2016 of several counts of rape and sentenced to 11 years in prison.</p><br><br> <br><br><br><br> <br><div itemscope itemtype="http://schema.org/ImageObject"> <br>  <br>  <br> <span style="display:none" itemprop="caption">7 Reddit Penny Stocks to Watch with Record Dogecoin Prices in Mind - InvestorPlace</span> <br>  <br>  <br></div><br><br> <br><br><br><br> <br><br><br><br> <br><div itemscope itemtype="http://schema.org/ImageObject"> <br>  <br>  <br> <span style="display:none" itemprop="caption">He's a Dogecoin millionaire and he's not selling - The Economic Times</span> <br>  <br>  <br></div><br><br> <br><br><br><br> <br><br><br><br> <br><h1 style="clear:both" id="content-section-1">Elon Musk's SpaceX is literally launching a Dogecoin-funded Can Be Fun For Anyone<br></h1><br><br> <br><br><br><br> <br><p class="p__4">At its height, Dogecoin was trading for $0. 018 and had a market cap of over $2 billion. In the summertime of 2019, Dogecoin saw another bump in worth together with the rest of the crypto market. https://sites.google.com/view/cryptohcashprofits/home mored than happy when the crypto exchange Binance noted the coin, and many thought Tesla CEO Elon Musk had backed the coin in a puzzling tweet.</p><br><br> <br><br><br><br> <br><div itemscope itemtype="http://schema.org/ImageObject"> <br>  <br>  <br> <span style="display:none" itemprop="caption">Gemini Crypto Exchange: Earn Interest On Dogecoin - PYMNTS.com</span> <br>  <br>  <br></div><br><br> <br><br><br><br> <br><br><br><br> <br><p class="p__5">One reason it still continues to run and trade, nevertheless, is its active community of miners. As Zachary Mashiach of Crypto, IQ puts it: Numerous Scrypt miners still choose Dogecoin (DOGE) over other Scrypt Po, W cryptocurrencies. Certainly, the Dogecoin (DOGE) hash rate is approximately 150 TH/s. This is simply below the Litecoin (LTC) hash rate of 170 TH/s, likely due to the fact that Dogecoin (DOGE) can be merge mined with Litecoin (LTC), suggesting miners can mine both cryptos simultaneously using the same work.</p><br><br> <br><br><br><br> <br><br><br> <br><br><br><br>
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