Dogecoin Explained

Currency Name:Dogecoin
Image 1:Dogecoin Logo.png
Image Width 1:150
Image Width 2:110
Image Title 1:Official logo of Dogecoin
Symbol:Ð
Ticker Symbol:DOGE
Coin Definition:Open source peer-to-peer digital currency
Status:Active
Operating System:Microsoft Windows,
Linux,
iOS,
Android
Author:Billy Markus, Jackson Palmer
Developer:Billy Markus ("Shibetoshi Nakamoto"), Michi Lumin, Ross Nicoll
Source Model:FOSS
License:MIT License[1]
Website:https://dogecoin.com/
Block Explorer:https://dogechain.info/
Hash Function:Scrypt-based
Timestamping:Proof-of-work
Block Time:1 minute
Block Reward:Ð10,000
Supply Limit:UnlimitedExactly Ð5 billion will enter circulation each year.
Exchange Rate:Floating (very volatile)
Size:45 GB (as of September 2021)

Dogecoin (or,[2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.[3] It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of Kabosu from the "doge" meme as its logo and namesake.[4] [5] [6] It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion on May 5, 2021.[7] As of 2021, it is the sleeve sponsor of Watford Football Club.[8]

Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke".[9] Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value reached $8 million, once jumping to become the seventh largest electronic currency in the world.[10]

History

Originally formed as a "joke",[11] Dogecoin was created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins.[12] Dogecoin was officially launched on December 6, 2013, and within the first 30 days, there were over a million visitors to Dogecoin.com.[13]

Palmer is credited with making the idea a reality. At the time, he was a member of the Adobe marketing department in Sydney, Australia.[14] Palmer had purchased the domain Dogecoin.com and added a splash screen, which featured the coin's logo and scattered Comic Sans text. Markus reached out to Palmer after seeing the site, and started efforts to develop the currency. Markus designed Dogecoin's protocol based on existing cryptocurrencies Luckycoin and Litecoin, which use scrypt technology in their proof-of-work algorithm.[15] The use of scrypt means that miners cannot use SHA-256 bitcoin mining equipment, and instead must use dedicated field-programmable gate array and application-specific integrated circuit devices for mining which are known to be more complex to produce.[16] [17]

On December 19, 2013, Dogecoin jumped nearly 300% in value in 72 hours, rising from $0.00026 to $0.00095,[18] with a volume of billions of Dogecoins traded per day. This growth occurred during a time when Bitcoin and many other cryptocurrencies were reeling from China's decision to forbid Chinese banks from investing in the Bitcoin economy.[19] Three days later, Dogecoin experienced its first major crash when its price dropped by 80% due to this event and to large mining pools exploiting the small amount of computing power required at the time to mine Dogecoin.[20]

On December 25, 2013, the first major theft of Dogecoin occurred when millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet.[21] The hacker gained access to the platform's filesystem and modified its send/receive page to send any and all coins to a static internet protocol address.[22] [23] This hacking incident spiked tweets about Dogecoin, making it the most mentioned altcoin on Twitter at the time, although it was in reference to a negative event. To help those who lost funds on Dogewallet after its breach, the Dogecoin community started an initiative named "SaveDogemas" to help donate coins to those who had them stolen. Approximately one month later, enough money was donated to cover all of the coins that were stolen.[24]

In January 2014, the trading volume of Dogecoin briefly surpassed that of all other cryptocurrencies combined. However, its market capitalization remained substantially behind that of Bitcoin. Initially, Dogecoin featured a randomized reward that is received for each mining block. However, in March 2014, this behaviour was updated to a static block reward.[25] Co-founder Jackson Palmer left the cryptocurrency community in 2015 and has no plans to return, having come to the belief that cryptocurrency, originally conceived as a libertarian alternative to money, is fundamentally exploitative and built to enrich its top proponents. His co-founder, Billy Markus, agreed that Palmer's position was generally valid.[26] [27]

During the 2017 to early 2018 cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017 on January 7, 2018, putting its total market capitalization near $2 billion.

In July 2020, the price of Dogecoin spiked following a TikTok trend aimed at getting Dogecoin to $1.[28]

On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, thus becoming the first space mission funded by a cryptocurrency. Elon Musk confirmed this news via Twitter.[29] DOGE-1, a CubeSat, was planned to be a minor 40 kg rideshare payload on Intuitive Machines' IM-1 mission in Q1 2022,[30] [31] [32] [33] [34] but ultimately was delayed to a potential later mission.

On August 14, 2021, the Dogecoin Foundation announced the "re-establishment of the Dogecoin Foundation (est 2014), with a renewed focus on supporting the Dogecoin Ecosystem, Community and promoting the future of the Dogecoin Blockchain."[35] The Foundation was reinvigorated by the addition to its Board of notable advisors such as Vitalik Buterin (Ethereum co-founder and inventor) and Jared Birchall (representing Elon Musk).[36] [37] [38]

2021 boom and subsequent fall

In January 2021, Dogecoin went up over 800% in 24 hours, reaching $0.07, as a result of attention from Reddit users, partially encouraged by Elon Musk and the GameStop short squeeze.[39] In February 2021, Dogecoin hit a new high price of $0.08 following Twitter encouragement from Musk, Snoop Dogg and Gene Simmons.[40] In March 2021, Dallas Mavericks owner Mark Cuban announced his NBA team would allow purchasing tickets and products with Dogecoin; within two days, Cuban had declared his franchise had become the top Dogecoin merchant, having carried out 20,000 transactions.[41]

In April 2021, Dogecoin and other cryptocurrencies surged, stimulated in part by the direct listing for cryptocurrency exchange Coinbase on April 14, although that platform did not provide trading of Dogecoin.[42] Dogecoin first reached $0.10 on April 14,[43] before hitting a new high of $0.45 on April 16 (up 400% that week), with a volume of nearly $70 billion traded in the preceding 24 hours.[44], Dogecoin's market capitalization approached $50 billion, making it the fifth-highest-valued cryptocurrency;[45] its value had increased more than 7,000% year-to-date. Interest in Dogecoin contributed to an outage in electronic trading platform Robinhood's cryptocurrency system on April 15, caused by "unprecedented demand", and prompted concerns from experts of a nearing speculative bubble in the cryptocurrency market.[46]

On May 4, 2021, the value of Dogecoin first surpassed the symbolic hurdle of $0.50.[47]

In April 2023, a Dogecoin increase was attributed to Elon Musk temporarily changing the logo on the Twitter app to a Doge logo.[48] In June 2023, Musk was accused of insider trading by investors based on a series of stunts including the change of logo.[49]

Use and exchanges

Dogecoin is an altcoin with a large userbase, and is traded against both fiat currencies and other cryptocurrencies on several reputable cryptocurrency exchanges and retail investment platforms.

Trading physical, tangible items in exchange for Dogecoin takes place on online communities such as Reddit and Twitter, where users in such circles frequently share cryptocurrency-related information.[50] [51]

Several cases of people using their employers' or universities' computers to mine Dogecoin have been discovered.[52] [53]

Dogecoin has been used in an attempted property sale,[54] and it has been used in the pornography[55] and gambling industries.

Online tipping

One major mainstream commercial application of the cryptocurrency has been Internet-based tipping systems, in which social media users tip other users for providing interesting or noteworthy content.[56]

Dogetipbot

Dogetipbot was a cryptocurrency transaction service used on popular sites like Reddit and Twitch. It allowed users to send Dogecoins to other users through commands via Reddit comments. In May 2017, Dogetipbot was discontinued and taken offline after its creator declared bankruptcy; this left many Dogetipbot users losing their coins stored in the Dogetipbot system.[57]

Smart contracts

Dogecoin's blockchain cannot interact with smart contracts directly. Dogecoin can be tied to the Ethereum blockchain in order to access some decentralized finance (DeFi) instruments.

Currency supply

Dogecoin started with a supply limit of Ð100 billion, which would have been far more coins than the top digital currencies were then allowing. By mid-2015, the 100 billionth Dogecoin had been mined, with an additional Ð5 billion put into circulation every year thereafter. In February 2014, Palmer announced that the limit would be removed in an effort to create a consistent reduction of its inflation rate over time.[58]

Mining parameters

Dogecoin's implementation differs from its predecessors: It was originally forked from Litecoin, then refactored to Bitcoin. Dogecoin's target block time is 1 minute, as opposed to Litecoin's 2.5 minutes and Bitcoin's 10 minutes.[5]

Fundraising

2014 Winter Olympics

The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. On January 19, 2014, a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had qualified for, but could not afford to go to, the Sochi Winter Olympics. By the second day, $36,000 worth of Dogecoin was donated and the Dogecoin to Bitcoin exchange rate rose by 50%.[59] The Dogecoin community also raised funds for a second Sochi athlete, Shiva Keshavan.[60]

Doge4Water

In 2014, The Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well in the Tana river basin in Kenya for World Water Day (March 22). The campaign, in cooperation with, collected donations from more than 4,000 donors, including one anonymous benefactor who donated 14,000,000 dogecoin (worth approximately $11,000 at the time), raising over US$30,000.[61]

NASCAR

On March 25, 2014, the Dogecoin community successfully raised Ð67.8 million (around US$55,000 at the time) in an effort to sponsor NASCAR Sprint Cup Series driver Josh Wise. Nicknamed the "Moonrocket",[62] the No. 98 car featured a Dogecoin/Reddit-sponsored paint scheme and was driven by Wise at the Aaron's 499 at Talladega Superspeedway.[63] Wise and the car were featured for nearly a minute, during which the race commentators discussed Dogecoin and the crowdfunding effort, while finishing twentieth and narrowly avoiding multiple wrecks.[64] On May 16, 2014 Wise won a spot at the Sprint All-Star Race through an online fan vote beating Danica Patrick, largely due to the efforts of the Dogecoin Reddit community. He finished the race in fifteenth, the last car running.[65] [66] Eutechnyx, the developer of the NASCAR '14 video game, added the Dogecoin car as a drivable car in a DLC pack.[66] [67]

On March 2, 2021, NASCAR Xfinity Series team B. J. McLeod Motorsports announced that Dogecoin would be sponsoring the No. 99 car in the Alsco Uniforms 300 at Las Vegas alongside Springrates;[68]

Criticism

Dogecoin's origin as a "joke", which makes it the first meme coin, has made it difficult to be taken seriously by mainstream media and financial experts.[69] [70] The cryptocurrency has had a long and problematic history of scams.[71] [72] [73] Similar to many other cryptocurrencies, Dogecoin has been described by some commentators as a form of Ponzi scheme. Critics allege that Dogecoin investors who purchased Dogecoins early on, have a large financial incentive to draw others into purchasing more Dogecoins in order to drive the price up, therefore benefitting the early investors financially at the direct expense of later purchasers.[74] This is primarily because Dogecoin does not have a supply cap like other cryptocurrencies such as Bitcoin, which has a capped supply of 21 million coins.[75]

Elon Musk and Dogecoin

Elon Musk frequently uses his X platform to express his views on Dogecoin, which has led some to claim that his actions amount to market manipulation because the price of Dogecoin frequently experiences price movements shortly after his tweets. Nevertheless, because cryptocurrencies are not regulated like stocks, these actions are not illegal.[76] Musk and his promotion of Dogecoin have been criticized by Dogecoin co-founder Jackson Palmer, who called Musk a "self-absorbed grifter".[77]

Musk's first Dogecoin-related tweet occurred on December 20, 2020. Musk tweeted "One Word: Doge". Shortly after, the value of Dogecoin rose by 20%.[78] This was followed by a series of Dogecoin-related tweets by Musk in early February 2021 captioned "Dogecoin is the people's crypto" and "no highs, no lows, only Doge". Following these tweets, the value of Dogecoin rose by roughly 40%.[78]

On April 15, 2021, the price of Dogecoin rose by more than 100% after Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting captioned "Doge Barking at the Moon",[79] a message which was taken by some as a reference to the industry slang term "to the moon",[80] meaning a hoped-for increase in a cryptocurrency's value.[81]

On May 8, 2021, Dogecoin fell as much as 29.5%, dropping to US$0.49 during Musk’s Saturday Night Live appearance.[82] It then rose by 11% on May 20, 2021, shortly after Musk tweeted a Doge-related meme.[83] In the same month, the price of Dogecoin was up 10% in the hours after Musk tweeted a Reddit link for users to submit proposals to improve the cryptocurrency.[84]

On December 14, 2021, Dogecoin spiked more than 20% after Musk said that Tesla will accept the currency as a means of payment for Tesla merchandise.[85] [86]

On June 16, 2022, Elon Musk was named in a complaint seeking damages of $258 billion. The complaint was filed in federal court in Manhattan by plaintiff Keith Johnson. Johnson cited Musk's repeated use of his massive social influence to promote the altcoin, which he claims artificially inflated the price.[87]

It was reported in 2013 that Musk thinks Dogecoin could be used for Twitter transactions.[88] On October 27, 2022, Elon Musk completed a deal to take Twitter private. This led to a sustained rise in Dogecoin from October 25 to October 29, with Dogecoin increasing as much as 46%.[89]

Between April 3 and April 7,[90] 2023, Twitter's bird logo was replaced with an image of the Doge meme for desktop users, leading to a rise in Dogecoin prices.[91] No reason was given for the icon change, with some speculating that it was a late April Fool's joke,[92] or an attempt to troll investors over the Dogecoin lawsuit that Musk was seeking to end that week.[93]

See also

Notes and References

  1. Web site: COPYING . GitHub . November 27, 2021 . March 31, 2021 . April 10, 2022 . https://web.archive.org/web/20220410190045/https://github.com/dogecoin/dogecoin/blob/master/COPYING . live .
  2. Web site: How do you pronounce 'Dogecoin'?. April 24, 2014. The Daily Dot. en. December 21, 2018. https://web.archive.org/web/20181222082001/https://www.dailydot.com/unclick/how-to-say-dogecoin-pronunciation/. December 22, 2018. live.
  3. Web site: Dogecoin Started as a Joke. Now It's Too Important to Laugh Off. Barrons. May 12, 2021. May 13, 2021. https://web.archive.org/web/20210513164106/https://www.barrons.com/articles/dogecoin-started-as-a-joke-now-its-too-important-to-laugh-off-51620229273. live.
  4. News: Roose . Kevin . Is There a Cryptocurrency Bubble? Just Ask Doge . . September 15, 2017 . 0362-4331 . October 3, 2017 . https://web.archive.org/web/20171003125659/https://www.nytimes.com/2017/09/15/business/cryptocurrency-bubble-doge.html . October 3, 2017 . live .
  5. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3091219 A History of Dogecoin
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  14. Web site: What is Dogecoin?. Rob. Wile. Business Insider. December 19, 2013. December 19, 2013. https://web.archive.org/web/20131220072107/http://www.businessinsider.com/what-is-dogecoin-2013-12. December 20, 2013. live.
  15. News: Dogecoin: 5 Fast Facts You Need to Know. Seattle Post-Intelligencer . December 10, 2013. February 16, 2014. https://web.archive.org/web/20140221232623/http://www.seattlepi.com/technology/heavy/article/Dogecoin-5-Fast-Facts-You-Need-to-Know-5079680.php. February 21, 2014. live . Vega . Danny .
  16. Web site: With its own cryptocurrency, Doge has officially conquered 2013. Miles. Klee. The Daily Dot. December 10, 2013. December 10, 2013. https://web.archive.org/web/20140123002054/http://www.dailydot.com/business/shibe-meme-dogecoin-currency/. January 23, 2014. live.
  17. Web site: Why Bitcoin mining has a finite cap, and Dogecoin mining doesn't . The Daily Dot . en . February 5, 2014 . September 21, 2019 . https://web.archive.org/web/20190921025115/https://www.dailydot.com/business/dogecoin-no-mining-limit-infinite/ . September 21, 2019 . live .
  18. Web site: To the moon! DogeCoin fetches 300 percent jump in value in 24 hours.. Andrew. Couts. Digital Trends. December 19, 2013. December 19, 2013. https://web.archive.org/web/20131219222007/http://www.digitaltrends.com/cool-tech/dogecoin-price-value-jump-bitcoin/. December 19, 2013. live.
  19. Web site: What is Dogecoin? The Meme that Became the Hot New Virtual Currency.. David. Gilbert. International Business Times. December 20, 2013. December 20, 2013. https://web.archive.org/web/20150906080317/http://www.ibtimes.co.uk/what-dogecoin-meme-that-became-hot-new-virtual-currency-1429847. September 6, 2015. live.
  20. Web site: Dogecoin Prices Crashed This Weekend. Rob. Wile. Business Insider. December 22, 2013. December 22, 2013. https://web.archive.org/web/20131223223048/http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12. December 23, 2013. live.
  21. Web site: Millions of Meme-Based Dogecoins Stolen on Christmas Day. Ashley. Feinberg. Gizmodo. December 26, 2013. December 26, 2013. https://web.archive.org/web/20131226230149/http://gizmodo.com/millions-of-meme-based-dogecoins-stolen-on-christmas-da-1489819762. December 26, 2013. live.
  22. Web site: Such Hack. Many Dogecoin. Very Disappear. So Gone. Wow.. Catherine. Shu. TechCrunch. December 25, 2013. December 25, 2013. https://web.archive.org/web/20131227001014/http://techcrunch.com/2013/12/25/dogecoin-hack/. December 27, 2013. live.
  23. Web site: Millions of Dogecoins, currency based on a meme, are reported stolen. Salvador. Rodriguez. Los Angeles Times. December 26, 2013. December 26, 2013. https://web.archive.org/web/20131227004821/http://www.latimes.com/business/technology/la-fi-tn-dogecoin-theft-currency-bitcoin-20131226,0,2575238.story#axzz2ojLWuO2X. December 27, 2013. live.
  24. Web site: Such generosity! After Dogewallet heist, Dogecoin community aims to reimburse victims. December 27, 2013. March 2, 2014. https://web.archive.org/web/20140227152856/http://www.digitaltrends.com/cool-tech/dogecoin-dogewallet-hack-save-dogemas/. February 27, 2014. live.
  25. Web site: Dogecoin: The meme that got serious :: InBlog. November 15, 2021. inblog.in. en. November 15, 2021. https://web.archive.org/web/20211115131734/https://inblog.in/Dogecoin-The-meme-that-got-serious-2xmkzoHRt2. dead.
  26. Web site: Murphy . Mike . Dogecoin co-creator blasts crypto as a scam to help the rich get richer . MarketWatch . July 14, 2021 . EN-US . July 20, 2021 . July 20, 2021 . https://web.archive.org/web/20210720225405/https://www.marketwatch.com/story/dogecoin-co-creator-blasts-crypto-as-a-scam-to-help-the-rich-get-richer-11626310808 . live .
  27. Web site: Locke . Taylor . The co-creator of dogecoin explains why he doesn't plan to return to crypto: It's 'controlled by a powerful cartel of wealthy figures' . CNBC . July 14, 2021 . en . July 20, 2021 . July 19, 2021 . https://web.archive.org/web/20210719044112/https://www.cnbc.com/2021/07/14/dogecoin-co-creator-jackson-palmer-criticizes-the-crypto-industry.html . live .
  28. Web site: Winck. Ben. July 8, 2020. Dogecoin volumes spike 683% after viral TikTok challenge urges buying spree. live. https://web.archive.org/web/20200709174155/https://markets.businessinsider.com/currencies/news/dogecoin-price-volumes-skyrocket-viral-tiktok-buying-spree-cryptocurrency-market-2020-7-1029377900. July 9, 2020. July 9, 2020. Business Insider.
  29. News: May 10, 2021 . Dogecoin used to pay for SpaceX's mission to the moon next year . Al Jazeera . May 10, 2021 . December 13, 2021 . https://web.archive.org/web/20211213200628/https://www.aljazeera.com/economy/2021/5/10/dogecoin-used-to-pay-for-spacexs-mission-to-the-moon-next-year . live .
  30. Web site: Geometric Energy press release . SpaceX to Launch DOGE-1 to the Moon! . May 10, 2021 . www.newswire.ca . en . May 17, 2021 . https://web.archive.org/web/20210517033102/https://www.newswire.ca/news-releases/spacex-to-launch-doge-1-to-the-moon--875845973.html . live .
  31. Web site: May 9, 2021 . SpaceX accepts dogecoin as payment to launch lunar mission next year . May 10, 2021 . Reuters . May 9, 2021 . https://web.archive.org/web/20210509234004/https://www.reuters.com/business/finance/spacex-accepts-dogecoin-payment-launch-lunar-mission-next-year-2021-05-09/ . live .
  32. Web site: IM-1 Nova-C & DOGE-1 . May 9, 2021 . NextSpaceflight . January 19, 2023 . https://web.archive.org/web/20230119112757/https://nextspaceflight.com/launches/details/1915 . live .
  33. Web site: Sheetz . Michael . May 9, 2021 . SpaceX accepts Dogecoin as payment to launch 'DOGE-1 mission to the Moon' next year . CNBC . May 9, 2021 . December 5, 2021 . https://web.archive.org/web/20211205220122/https://www.cnbc.com/2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html . live .
  34. Web site: May 10, 2021 . We knew @ElonMusk was taking #Dogecoin to the Moon, but had no idea it would be on our flight. . May 10, 2021 . Twitter . May 10, 2021 . https://web.archive.org/web/20210510195212/https://twitter.com/Int_Machines/status/1391843506193326092 . live .
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  36. Web site: Kiderlin . Sophie . August 18, 2021 . Ethereum co-creator Vitalik Buterin will help shape the future of dogecoin after joining the token's foundation . live . https://web.archive.org/web/20210818112409/https://markets.businessinsider.com/news/currencies/vitalik-buterin-dogecoin-foundation-elon-musk-cryptocurrency-crypto-2021-8 . August 18, 2021 . September 30, 2021 . Business Insider . en.
  37. Web site: Quiroz-Gutierrez . Marco . August 18, 2021 . Ethereum founder Vitalik Buterin and Elon Musk advisor Billy Markus join Dogecoin board . live . https://web.archive.org/web/20210818194206/https://fortune.com/2021/08/18/dogecoin-board-vitalik-buterin-billy-markus-ethereum-founder-elon-musk-crypto/ . August 18, 2021 . September 30, 2021 . Fortune . en.
  38. Web site: Sriram . Samyuktha . August 18, 2021 . Dogecoin Foundation Returns After 6-Year Hiatus; Ethereum's Vitalik Buterin, Musk Rep Jared Birchall Join Board . live . https://web.archive.org/web/20210818131030/https://www.benzinga.com/markets/cryptocurrency/21/08/22550853/dogecoin-foundation-returns-after-6-year-hiatus-ethereums-vitalik-buterin-musk-rep-jared-b . August 18, 2021 . September 30, 2021 . Benzinga . English.
  39. News: Kharpal . Arjun . Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800% . January 29, 2021 . CNBC . February 5, 2021 . https://web.archive.org/web/20210205064539/https://www.msn.com/en-us/money/companies/reddit-frenzy-pumps-up-dogecoin-a-cryptocurrency-started-as-a-joke-by-over-800/ar-BB1dc4sw . live .
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  41. Web site: Baer . Jack . Mark Cuban boasts Mavericks are largest Dogecoin merchant in the world . . April 17, 2021 . March 6, 2021 . May 20, 2021 . https://web.archive.org/web/20210520235200/https://sports.yahoo.com/mark-cuban-mavericks-largest-dogecoin-merchant-cryptocurrency-021811555.html . live .
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  53. News: Hern. Alex. Student uses university computers to mine Dogecoin. June 13, 2014. The Guardian. March 4, 2014. https://web.archive.org/web/20140713213709/http://www.theguardian.com/technology/2014/mar/04/dogecoin-bitcoin-imperial-college-student-mine. July 13, 2014. live.
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  62. News: Dogecoin raises $55,000 to sponsor Nascar driver . Hern . Alex . March 27, 2014 . . January 12, 2021 . "Named the "#98 Moonrocket", the car will make its debut on May 4th at the Aarons 499 Sprint Series Cup Race.".
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  65. News: Josh Wise wins fan vote, beats Danica Patrick. Mike. Hembree. May 16, 2014. May 18, 2014. USA Today. https://web.archive.org/web/20140518010525/http://www.usatoday.com/story/sports/nascar/2014/05/16/josh-wise-beats-danica-patrick-in-all-star-race-fan-vote-dogecoin/9197981/. May 18, 2014. live.
  66. News: Dogecoin, NASCAR's strangest hood sponsor, will appear in its official video game. Polygon. Owen S.. Good. May 18, 2014. May 18, 2014. https://web.archive.org/web/20140518210248/http://www.polygon.com/2014/5/18/5728334/dogecoin-nascar-video-game-dlc. May 18, 2014. live.
  67. News: Reddit, Dogecoin support NASCAR racer at Talladega. April 24, 2014. May 18, 2014. CNN. Larry. Frum. Fans of the NASCAR '14 video game will also get the chance to race the Dogecoin car for themselves when it is added in an upcoming DLC pack. In fact, they have featured the scheme on a DLC pack that costs $0.99 on the Xbox 360 and the Xbox One.. https://web.archive.org/web/20140519022456/http://edition.cnn.com/2014/04/24/tech/web/nascar-dogecoin-talladega/. May 19, 2014. live.
  68. BJ McLeod Motorsports . B. J. McLeod Motorsports . TeamBJMcLeod . 1366825396390551556 . March 2, 2021 . Much wow. VERY VROOM! @dogecoin joins @springrates at @LVMotorSpeedway with @StefanParsons98 behind the wheel! To learn more: https://t.co/eDkuGAsIve https://t.co/7zITbhxNcC . en . May 3, 2021.
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  76. Web site: May 14, 2021. How murky legal rules allow Tesla's Elon Musk to keep moving markets. August 22, 2021. mint. en. August 22, 2021. https://web.archive.org/web/20210822120722/https://www.livemint.com/market/cryptocurrency/how-murky-legal-rules-allow-tesla-s-elon-musk-to-keep-moving-markets-11621009061887.html. live.
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  84. Web site: December 14, 2021 . Dogecoin spikes more than 20% after Elon Musk says Tesla will accept it as payment for merch. live. December 14, 2021. CNBC. en. https://web.archive.org/web/20211214134550/https://www.cnbc.com/2021/12/14/dogecoin-price-surges-after-elon-musk-tweet-about-tesla-merch.html . December 14, 2021 .
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  87. News: 2022-06-16. Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme. Reuters. June 21, 2022. June 21, 2022. https://web.archive.org/web/20220621203850/https://www.reuters.com/legal/transactional/elon-musk-sued-258-billion-over-alleged-dogecoin-pyramid-scheme-2022-06-16/. live.
  88. News: Zeitchik . Steven . November 7, 2022 . Musk sees a big role for crypto on Twitter. He'll face a tall climb. . The Washington Post . November 14, 2022 . November 16, 2022 . https://web.archive.org/web/20221116073429/https://www.washingtonpost.com/technology/2022/11/07/elon-musk-sees-crypto-larger-part-twitter-its-steep-climb/ . live .
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  90. Web site: Doge's Twitter Reign Ends, Triggering Memecoin Slump. April 8, 2023. April 7, 2023. Gizmodo. Leffer. Lauren. April 8, 2023. https://web.archive.org/web/20230408064007/https://gizmodo.com/twitter-removes-doge-icon-dogecoin-price-falls-1850311581. live.
  91. News: Clark . Mitchell . Today in Twitter: where are the retweet labels, and why did Doge replace the bird? . 3 April 2023 . June 2, 2023 . https://web.archive.org/web/20230602172422/https://www.theverge.com/2023/4/3/23668356/twitter-doge-bird-logo-retweet-labels-following-timeline . live .
  92. News: Taylor . Josh . Twitter changes logo to Dogecoin cryptocurrency image in apparent late April fool's day gag . 4 April 2023 . The Guardian . 4 April 2023 . May 24, 2024 . https://web.archive.org/web/20240524080857/https://www.theguardian.com/technology/2023/apr/04/twitter-changes-logo-to-dogecoin-cryptocurrency-image-in-apparent-late-april-fools-day-gag . live .
  93. News: Twitter is covered in Doge for no discernible reason . 4 April 2023 . Engadget . April 4, 2023 . https://web.archive.org/web/20230404121120/https://www.engadget.com/twitter-is-covered-in-doge-for-no-discernible-reason-192552749.html . live .

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