The most recent cryptocurrency craze is the Dogecoin. A coin that has been around since 2013 but became popular within the past couple of years. It’s one of those memes that just took off. When it comes to memes, there are two types – those that catch on and those that don’t.
A look at the history of Dogecoin reveals why this particular meme became so popular.
So, let’s begin with an introduction to what a shitcoin is, and then we’ll take a look at the origin of Dogecoin and its early days.
What is a Shitcoin?
A Shitcoin is a coin or currency that has no real value or utility. They are usually made up by people who want to be clever. In the case of Dogecoin, a real dog became the face of the coin.
Can you make money investing in Shitcoins?
Yes of course! There are lots of ways to get involved in these sorts of investments. Some of them include mining for them, buying them at a discount, and even creating your own. On the front page of our website we have a ranking system that lets you vote on the newest crypto projects so you can get involved before they moon.
For example, if you’re looking for a way to mine some coins, you could use cloud mining services such as Genesis Mining which allows you to mine without having to purchase hardware. If you already have a computer setup, you can also buy pre-mined coins. This means that they were mined before and distributed among investors.
But if you really want to invest in something that will give you a return, then you can create your own cryptocurrencies. That said, it’s not easy to find a good way to actually profit from this.
How did the doge meme start?
Dogecoin began as a joke that someone started on Reddit. The person was making fun of the fact that Bitcoin was becoming so expensive that users couldn’t afford to pay their bills.
The original post had the message “This Isn’t Funny Anymore” along with a picture of a dog. It went viral and the Doge meme took off. From there, it spread through various communities and eventually the rest is history.
How did the doge meme become a crypto project?
In 2012, Billy Markus wrote about a Japanese company called Dogecoin Inc. In his piece he referred to it as a “non-profit organization.” However, the description seemed suspicious because it was registered in Delaware. Also, the website was designed to look like a non-profit.
After this the Japanese government stepped in because they didn’t want to see their country being associated with such a controversial meme.
They asked the US government to investigate the matter, and the US Attorney General’s office concluded that there was nothing illegal going on. After that, the Dogecoin Inc. had to change its name to Shibe Inc., but the same issues still lingered.
In 2014, the company was again investigated by the Japanese government. In this investigation, it was discovered that there were still ties between the Dogecoin project and the Dogecoin Foundation.
As a result, the Dogecoin Foundation was forced to close. The foundation was formed in 2013 by Gregory Maxwell, who is now CEO of Blockstream.
The foundation claimed that it had no control over the Dogecoin project anymore and was merely providing a service for the community. But the Japanese government wasn’t convinced about that.
It’s worth noting that Dogecoin was never banned in Japan and it continues to work as usual.
How did Dogecoin lead to more meme coins being created.
Because Dogecoin was so successful, other projects sprang up. These included Shiba Inu, whose creator is unknown and who is known only by his handle @bicurious.
The meme itself is based on a Shiba Inu named Tama who lives in Tokyo. He is also known as Chico, Chikos, Chikkus, and Chiko.
He was originally named after a character from the anime One Piece, but later became known as Shiba Inu.
There are several different variations of this meme. Some of them show Tama in his original form while others have him in a human shape.
The rise of Shiba Inu.
One of the most well-known versions of Shiba Inu is the one found on Twitter. The user behind it, @bicurious, decided to rebrand Tama as a dog and added some features to his image.
These include sunglasses and a hat. The sunglasses are supposed to represent the fact that he’s always watching everyone else. The hat signifies that he’s got big dreams.
The most important aspect though is that he looks like a friendly dog and his name is Shiba Inu. So, when people hear about a new Shiba Inu meme, they immediately jump online and try to find out whether it is real or not. This makes the meme go viral very quickly.
How did Shiba Inu start?
As a joke, Shiba Inu was introduced as Dogecoin’s main rival. Shiba Inu and Dogecoin are both considered meme coins. The 2013 meme that featured the same-named Japanese breed of dog served as the inspiration for the meme coin. A multibillion dollar cryptocurrency initiative evolved out of what started as a community-driven token that represented a meme.
Apart from the fact that he invented Bitcoin, Satoshi Nakamoto is still an enigma to the world. Shiba Inu was thus developed under the alias Ryoshi in an anonymous fashion, much like Bitcoin. In a similar vein, no one knows who is in charge of this ecosystem. Ryoshi can be a man or a group for all we know.