2014-06-03

Dogecoin, a digital currency similar to Bitcoin, has had a wild ride. Created in December of 2013, Dogecoin has risen from being a complete joke, to the most profitable coin in the space, and finally to becoming the most charitable with one of the largest communities.

But is Dogecoin strong enough to keep going? Some people have their doubts.

To answer this question, the Creator of Dogecoin sat down with the entire Dogecoin Community. We have read through all the discussions and have identified the top twelve most popular parts of the crowd powered interview.

1. “Is Doge dead? Will we ever go to the moon? Do we have a leadership problem? Will you come back and everything will be normal again? What is going to happen in January 2015? And what can we do to help?” – asked by amaobatron

Jackson Palmer, Creator of Dogecoin:

“Woh woh woh, that’s a lot of questions Let me try and answer them all:

Nope, only if you care about the BTC/USD price I guess

Of course!!

Digital currencies shouldn’t have centralized leadership, otherwise they’re just as open to corruption as our traditional fiat currencies right now… that being said, some leader shibes from the community could help by stepping up and better steering this ship

I never left!

In crypto, that’s just too far out to predict. Bitcoin could be dead by then, for all we know… don’t quote me on that, the press will have a field day haha”

 

2. “…I’m holding a Dogecoin Hackathon in July. Eric is on board along with the founder of SoChain! I was wondering if you want in (either as a judge or in a greater capacity!)” – asked by SFdogecoin

Jackson:

“Hey hey! Hackathon sounds cool, I’d love to judge.”

3. “How many [Dogecoins] do you own?” – asked by xedivad

Jackson:

“I didn’t even mine Dogecoin when it first launched because I had an Nvidia card and couldn’t get CudaMiner working. My co-founder Billy mined around 10mil in the first couple weeks or so and was kind enough to split that with me. 3mil of that has gone to things like charities, donations, tipping and I bought a few things with DOGE like coffee, video games, and a jar of nutella. I have roughly 2mil remaining, and I just emptied out my Dogetipbot wallet a couple days ago on mohland‘s awesome Reading Rainbow fund.”

4. “Are you and Billy coming back to us? We miss you ;D)” – asked by GoodShibe

Jackson:

“We’re still around, just not making all the decisions for the community. You can think free thoughts and do amazing things yourself :)”

5. “Do you happen to be a NASCAR or V8 Supercars fan? And what do you think of the fundraising with regards to that?” – asked by McAndze

Jackson:

“I’ve been a little into V8 supercars, but admit that Josh Wise racing was my first foray into NASCAR. I enjoyed it and the Dogecar a lot It’s kinda revolutionizing crowdfunding, right?”

6. “Was dogecoin just a spur of the moment type of thing, or was there a plan beforehand to make a cryptocurrency but perhaps just not with a doge on it?” – asked by Polyanimous

Jackson:

“I’d been into BTC/LTC/FTC a bit and literally went home one day, sat down with a beer and the word “Dogecoin” just popped into my head. So I tweeted about it. Now we’re here :)”

7. “Being the most generous coin in digital currency are u proud being the founder of dogecoin? what is your next goal to make dogecoin bigger?” – asked by heri93

Jackson:

“My ‘goal’ has always been to just meet nice people and do great things together. Recently things went a little sour with all sorts of drama emerging from the community, but we have and continue to do amazing things with charities and community initiatives.

Also yes, I’m proud. But I see myself as just a regular shibe like you all :)”

8. “Are you still taking initiatives on behalf of Dogecoin by talking to businesses and helping open the door to other opportunities? Decentralized or not, our currency still has public faces and, as a co-founder, you are one of them. We need you to help if you can.” – asked by RedStarDawn

Jackson:

“I’m meeting with a journalist this afternoon to speak about the history of Dogecoin and all the great things we’ve achieved over a coffee. So yes :)”

9. “ How does it feel being the spiritual leader of 87000 lunatics? Did you ever envision something like that for yourself?” – asked by cicerothedog

Jackson:

“Haha I’ve never heard it phrased that way… it’s interesting? Although I don’t see myself as a leader or in a position of power. If that’s the case, it shouldn’t be. We need to band together (every shibe) and make things happen. Strength in numbers.”

10. “Do you still think the price of Doge does not matter at all? When it was high the mood of the community was much better and we achieved a lot of cool stuff. Now people are just winging about the price drop. No more cool fund risers with a lot of impact… Any smart ideas how to get back to the good old days? I miss the enthusiasm which seem to be connected to the price, at least a bit :-)” – asked by greensirius

Jackson:

“I’m a realist so I recognize that the price does matter to miners, unfortunately. This is one of the big flaws I take issue with in regards to all current-gen PoW-based cryptocurrencies – it pegs the security of the network to the fiat profit miners can reap by pointing their hashing power at that specific blockchain.

Once it becomes more expensive in USD to pay for that mining rig and the electricity it uses, the miners move to whatever is more profitable, and the overall hashrate of the network falls. The only reason this is more apparent with Dogecoin is because we accelerated the mining period with our short block times and reward schedule – Bitcoin, Litecoin and every other PoW coin is going to face this exact same predicament, albeit further down the line.

I still think the future of digital currencies hinges on building awareness, acceptance and adoption from the mainstream group of internet users. I’m proud that Dogecoin has done the same, if not more than Bitcoin in promoting this type of growth.”

11. “I appreciate all of the direction you have given this coin/movement so far, but why does it seem now that there is no clear direction? Although we are decentralized, there probably should be a group of people that provides direction for this coin. Yes, I read about the foundation is going to be reformed, but we need some direction to get this coin to be more valuable. Even if 1 doge=1 doge, that means nothing to businesses and merchants. Also, if the coin has no intrinsic value (as is becoming now) it will be worthless for charity events and fundraisers. Can you please comment on this?” – asked by resonant1

Jackson:

“I’ve probably answered this in the bulk of my other comments indirectly, but I kind of agree that there needs to be stronger leaders within the community. My hope was that these leaders would emerge from the 80k+ shibes we have over here, and I still think they will with time.

As for 1 DOGE = 1 DOGE, that does mean something to businesses and merchants if they’re able to then spend their earned Dogecoin on another business expense. It’s about building an ecosystem of trade. You know what’s worse than 1 DOGE = 1 DOGE? 1 BTC = $US600… because all that it means for Bitcoin is that businesses/merchants continue to care only about what Bitcoin means for them in the sense of USD revenue. They all cash out immediately rather than ever holding Bitcoin or believing in it’s future as a store of value.”

12. “Where do you see yourself fitting into the Dogecoin ecosphere? You created a coin with a dog on it, but you do not do any of the core development. You are doing talks about Dogecoin / attending conferences, but you aren’t part of any foundation-like group.” – asked by jesstelford

Jackson:

“I see myself as continuing to help out advocating for Dogecoin and the use of digital currency in general. Some of the speaking I’ve been doing is more generalized and aimed at expanding the demographic of people getting into the use of digital currency.

One way or another, some of the big corporate giants like Apple, Facebook etc. are going to launch forms of tokens/credits/currencies in the near future as it’s clearly what the online market is demanding – my hope is that by advocating and bringing about mainstream use of any cryptocurrency, we as a community of early digital currency adopters can keep the ball in our court, rather than having the bulk of the internet (who don’t care about their privacy/security) switch to a new, centralized currency that’s controlled by a corporation.”

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