Dogecoin creator Jackson Palmer returns to the Reddit Dogecoin community after previously calling it “cult-like” by posting a link to a parody of Darude’s Sandstorm called Shibestorm:
Consider this my official return to the sub 🙂
The Consumer Financial Protection Bureau issues a warning to consumers that says cryptocurrencies like Bitcoin and Dogecoin have significant risks because they are unregulated:
If you trust someone else to hold your virtual currencies and something goes wrong, that company may not offer you the kind of help you expect from a bank or debit or credit card provider.
BTX Trader, a cryptocurrency trading platform, launches Celery. It is an exchange that aims to make buying Bitcoin and Dogecoin easy for first time users. CTO Divya Thakur says they chose to support Dogecoin because of its community:
We think dogecoin is a great community. It’s used in sites like reddit, it’s much higher volume than bitcoin tipping and there’s really no good hosted wallet for dogecoin.
Dogecoin developer Ileti rejects Litecoin’s offer to merge mining and claims that Litecoin is actually the weaker coin due to a lack of developer interest in it:
If users were to lose faith in Doge, and wanted to try another crypto – LTC is not what I’d recommend them to. LTC is currently surviving only based off the fact that it was the first Scrypt coin; and it’s doing poorly in comparison to how X11 and anonymized coins have done, due in fact to the competing Dev teams, in my opinion, being absolutely fantastic. They produce great ideas, and work long hours on their coin. It’s a labour of love which I personally feel, is sorely lacking in the LTC dev community.
Litecoin founder Charlie Lee offers to merge mining for Litecoin and Dogecoin, meaning users would receive Litecoin and Dogecoin simultaneously when mining. He says that Dogecoin is too unstable on its own and is destined to fail if they do not take his offer:
Dogecoin was not designed to survive. I’ve reached out to the Dogecoin community twice to help them. One thing about the Dogecoin mining is that it’s designed like a meme; it dies out in one year. It will happen because their block reward is halving so quickly. Their hashrate went pretty high and now it’s 1/15 the size of Litecoin’s
Adult entertainment website Hustler.com offers a lifetime or annual membership to the site in Bitcoin, Litecoin, and Dogecoin. The payments are handled by GoCoin digital payment processor. Hustler founder Larry Flynt says:
By partnering with GoCoin, our subscribers get extra privacy, and HUSTLER stays ahead of the curve by accepting new digital currencies.
Jerry Brown, the governor of California, passes a bill that reverses the state’s ban on alternative currencies. This includes rewards programs like Amazon Coins as well as crptocurrencies like Bitcoin and Dogecoin. The bill reads:
This bill makes clarifying changes to current law to ensure that various forms of alternative currency such as digital currency, points, coupons, or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments.
Jackson Palmer, founder of Dogecoin, criticizes the Dogecoin Reddit community. The market capitalization of Dogecoin drops from $30 million to around $23 million during an ongoing dispute between Palmer and user ‘moolah_’ over his place in the Dogecoin community:
You’re way too trigger happy with your legal team nonsense, and it puts a real damper on any of the fun we used to have around here. Like I said, I’m stepping away from this sadly cult-like subreddit.
Ultra PRO International, a company that sells various items based on the doge internet meme, files an application to trademark the word ‘doge’. They reassure Dogecoin users and other fans of the meme that they are not trying to prevent others from using the term:
We didn’t think about going after anyone with the filing, nor do we plan to, but we always file because typically people come after us.
@socks_the_fox no, we will not issue C&Ds, if we do receive the mark we will offer royalty-free rights to use it to vendors
— Ultra PRO (@UltraProIntl) June 23, 2014
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