Serving the Dogecoin Community.

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When someone offers you free money with no strings dogecoin donation request, your first inclination should probably be to run the other way as fast as possible. Even that helpful Nigerian prince who has been flooding your inbox with promises of unimaginable wealth is only offering to give you a piece dogecoin donation request his sizable inheritance in exchange for your bank account info and Social Security number.

Give free coins to anyone who wants them. The dozens of faucets, which specialize in a variety of cryptocurrencies, all work along similar lines. In the early days of the currency, some faucets were known to give out up to 50 dogecoins at a time. But now most only hand out one or two. A list of Dogecoin faucets can be found here. Pretty much every faucet site sets a time limit on withdrawals, meaning users can only extract money from a faucet once per day or, at least, once every few hours.

Making new wallets is completely free, and they can be generated in the blink of an eye. Hugo Vacher, who runs a Dogecoin faucet called appropriately enough Dogefaucet. Reddit has its own Dogecoin faucet subredditwhere users create posts asking for donations. Seeing as Dogecoin has no real purpose other than tipping dogecoin donation request at this point, we might as well give people some so dogecoin donation request can show their appreciation to well thought out comments.

At the end of my experiment, I ended up with just over 17 dogecoins—a massive haul valued at approximately two cents. I probably would have made more money walking around my neighborhood with my head down and looking for pennies dogecoin donation request accidentally dropped on the ground.

But it was dogecoin donation request quick and easy way to get my hands on some dogecoins. On the Bitcoin side of things, there are faucets too, but many of them seem more interested in getting human beings to perform menial tasks in exchange dogecoin donation request a payout of a small number of bitcoins—or, at least, staring a page filled with ads.

One site, called BitcoinGetdoles out small portions of bitcoins to visitors who do things like watch videos and conduct Google searches for specific topics. Virtually all Bitcoin faucet sites require users to hold their coins in an external account, which will only pays out if dogecoin donation request contains a large enough amount dogecoin donation request Bitcoin.

This is a cost-cutting dogecoin donation request. People conducting Bitcoin transactions typically affix small processing fees onto their transactions to encourage miners to process their transactions in a timely manner. Bundling the fractional bitcoins that drip from faucet sites prevents them from losing money on each transaction, or having their requests ignored completely.

As Mac Observer notesthe smallest transaction likely to be confirmed through the Bitcoin network is 0. While the general format of the faucets are more or less the same, there appears to be something a bit more mercenary about the Bitcoin sites than the Dogecoin ones. Many of the Dogecoin faucets have shut down in want of donations, whereas nearly all of the Bitcoin faucets I visited boasted they were flush with cash—only a couple declined my request due to insufficient funds.

The reason for this disparity is that the Dogecoin sites tend to operate based dogecoin donation request donations from dogecoin donation request and organizations interested in increasing Dogecoin adoption, whereas most Bitcoin faucets are seemingly run as moneymaking enterprises. Vacher said that Dogefaucet has had trouble keeping its coffers full in recent weeks. However… we have seen an increase in donations as the currency has grown. I credit our success in staying afloat to the generosity of Redditors.

Now that I have my 17 dogecoins and zero bitcoins, the question remains: What should I do with them? Considering this is a virtual currency whose community dogecoin donation request itself on its abundant generosity, the answer was actually pretty obvious. I donated everything right back to Dogefaucet. Aaron Sankin is a former Senior Staff Writer at the Daily Dot who covered the intersection of politics, technology, golden retrievers who know how to dunk, organizations adapting to our increasingly connected world, online privacy, the role of dank memes in popular culture, Twitter bots, and that same golden retriever who as it turns out is also pretty good at lacrosse.

He lives in Seattle, Washington and became a reporter at the Center for Investigative Reporting in Dogecoin faucets prove there is such thing as free money. Dogecoin faucets prove there is such thing as free money Aaron Sankin —. Every trip dogecoin donation request the moon begins with a single drop of dogecoin donation request fuel. Illustration by Jason Reed. Aaron Sankin Aaron Sankin is a former Senior Staff Writer at the Daily Dot who covered the intersection of politics, technology, golden retrievers dogecoin donation request know how to dunk, organizations adapting to our increasingly connected world, online privacy, the role of dank memes in popular culture, Twitter bots, and that same golden retriever who as it turns out is also pretty good at lacrosse.

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Jackson Palmer started cryptocurrency dogecoin as a joke. To his surprise, it took off. That's partly why he is not optimistic about the future of cryptocurrencies. The recent volatility in the stock market has also been felt in the value of cryptocurrencies like bitcoin. There are a lot of these around right now - Ethereum, litecoin, ripple, just to name a few. There was a gold rush back then in cryptocurrency, and I noticed there was a lot more of what are called alt coins, or alternative coins, coming on the market.

You know, bitcoin copycats, they take it, they change a variable and then they, you know, release it to the world. And so I was like, this seems a little shady. Also happening back in , this Internet meme called Doge. It was a picture of a dog, a shiba inu, and it had this goofy, Comic Sans writing all around it with grammatically challenged phrases like, such wow, and, much amaze. I had one browser tab open with this article about Doge, and right next to it, I had CoinMarketCap, which is a very popular website for checking the valuations of cryptocurrencies.

So my tab names kind of almost spelled it out for me, in a way. He chuckled about it and sent off a tweet. And then he started hearing from all these people who were like, dogecoin? A friend of his in the tech industry is like, what the hell, let's make dogecoin a real thing. It's easy to make a new cryptocurrency, and it'll be, like, a fun project to understand how this stuff really works. And so they created dogecoin. And then the price of dogecoin starts to take off. And then we were like, oh, no.

Like, this thing stands to become the joke that we were making. So Jackson and his partner decide, let's try to use dogecoin for good.

On the dogecoin subreddit, they started suggesting giving dogecoins to charity. And then someone was like, hey, I heard the Jamaican bobsled team is trying to raise money. We thought, well, that's just as ridiculous as a dog on a coin. So sure, why not? They donated dogecoin to train guide dogs, to drill wells in Kenya. Things were going great - until they weren't.

In , someone convinced a lot of people to invest a lot of dogecoin in a new, shady cryptocurrency business. That business collapsed, and people lost their money. He gave away all the dogecoin he had to charity. And then last year, along with lots of other cryptocurrencies, the price of dogecoin skyrocketed again. The total value of all the dogecoins out there reached more than a billion dollars at its peak.

The irony is definitely not lost on me. I think I wouldn't change creating it. You know, I've had several people that have come up to me and said, look, dogecoin was the first thing that got me into cryptocurrency, and because of it, I have a reality check on the whole space.

And that makes me feel good because it gave them the context that if this thing with a dog on it can, like, pump in price by 10x one day, they're, like, yeah, this whole thing's crazy, right? People are still creating new cryptocurrencies all the time. There are now more than 1, of them. He is the co-host of NPR's new daily podcast about economics and the news.

It's called The Indicator, from Planet Money. Visit our website terms of use and permissions pages at www. NPR transcripts are created on a rush deadline by Verb8tm, Inc. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. Accessibility links Skip to main content Keyboard shortcuts for audio player. Meet Dogecoin Jackson Palmer started cryptocurrency dogecoin as a joke. Facebook Twitter Flipboard Email. February 8, 5: Heard on Morning Edition.

Jackson Palmer is a product manager in San Francisco today, but Back in , I created dogecoin. And that kind of just, you know, it really ended the party, right?