The dogetipbot website emphasized that the service was always free. Yet, somehow Mohland believed his creation could support a business model. He tried to get investors, but who would want to invest in dog meme tokens with no path to monetization?"
“Very lies, such betrayal, WOW.”
Now, Dogecoin will likely meet the fate of other altcoins, such as Titcoin, Auroracoin, or Namecoin. The greedy holders have no reason to ever divest, so the currency will be kept alive by the weird true believers in some godforsaken corner of the internet, where forgotten botnets and graphics cards mine blocks for the benefit of no one, until all the wallet passwords are finally forgotten. Though the currency began as a spoof of crypto culture, it was the same greed and delusional idiocy that has plagued more serious ventures like Bitcoin that struck the final blow.
Bad article. Turns out they raised several hundred K USD, and were hoping to run a tip/donation system for streamers and others that worry about being attacked, chargebacks, etc. It's not as stupid as the article makes it out. Though running off with user funds just adds the cryptocoin spin to it.
Comments
http://gizmodo.com/reddit-users-lose-real-money-after-meme-c...
Bad article. Turns out they raised several hundred K USD, and were hoping to run a tip/donation system for streamers and others that worry about being attacked, chargebacks, etc. It's not as stupid as the article makes it out. Though running off with user funds just adds the cryptocoin spin to it.