Cryptocurrency News Today: Meet the brave devs trying to take Dogecoin beyond the meme
If you don’t get a warm, fuzzy feeling when you think about Dogecoin, you probably have a heart of stone. The truth is, though, that the developers of the world’s cutest Cryptocurrency want it to be more than just a Bitcoin-like token featuring the Shiba Inu mascot. Dogecoin’s devs want it to be more than just a meme.
With this in mind, Hard Fork spoke with developers Ross Nicoll and Michi Lumin to find out what it takes for Dogecoin to go beyond its meme status and their plans to build it into a legitimate Cryptocurrency. But first, here’s some background.
The Doge days are over
Dogecoin has been in development since 2013. Its original creators, Billy Markus and Jackson Palmer, wanted to create a Cryptocurrency that wasn’t as stuffy or boring as Bitcoin. They thought a more fun digital currency would appeal to a much broader audience, but little did they know that its “Doge” mascot would help it gain a cult following.
The Cryptocurrency leveraged its jovial reputation in 2014, when it was used to raise $25,000 for the Jamaican bobsleigh team to get them to the Sochi Winter Olympics. It’s the stuff worthy of a movie deal, probably.
Earlier this year, Tesla CEO Elon Musk gave a helping hand to bring Dogecoin back into the public eye after getting in on the Cryptocurrency’s April Fools gag.
On April 1, Dogecoin seized the opportunity to live up to its affable nature and put out a Twitter poll for followers to vote on whom they would like to see as Dogecoin’s new CEO. In the tweet, Dogecoin said it had listened to concerns and decided it needed a leader, someone who could take it into the future.
Whether he liked it or not, with 54 percent of the votes, Elon Musk was inadvertently crowned as Dodgecoin’s new CEO. Seemingly happy about his “victory”, Musk said it “might be his favorite Cryptocurrency,” and that “Dogecoin rulz.”
He even changed his Twitter bio to feature “CEO of Dogecoin,” for about a day. By April 2, the tech billionaire had changed his bio to “retired CEO of Dogecoin.”
Knowing how to take a joke
It was all a bit of fun, and although this is something Dogecoin devs are happy to indulge, they also want people to recognize the project as serious. But, that doesn’t come easy.
“It’s a challenge, certainly, and I’m conscious that when presenting ourselves we need to both be approachable and simultaneously ensure that we address potentially very complex topics with the depth they require,” Dogecoin core dev Ross Nicoll told Hard Fork.
Lumin echoed Nicoll’s thoughts. “While people do think Dogecoin is a “joke”, we actually do take it very seriously,” Lumin said. Memes and jokes aside, “ it holds up a substantial economy, and we know its users are depending on us to keep that stable,” they added.
Dogecoin has come up with strategies to address this, t