Bitcoin competing against the US dollar | Present Cynosure
Bitcoin competing against the US dollar | Present Cynosure
Bitcoin: A Guide for the Perplexed | Vijay Boyapati on The
Cryptocurrencies Are Created All The Time. Meet Dogecoin : NPR
Bitcoin's 'Five-Year Bet' Now Has an Official Winner
Here's the letter I just sent to Planet Money indicating that I would like to donate to their pledge drive in DOGE.
Preamble: For those of you who may not know of Planet Money, it's an NPR backed Podcast that specializes in economics. It's well respected and very popular (as in, the 10th most popular Podcast on iTunes, out of ALL podcasts). As with all NPR programs right now, they are in the middle of a pledge drive. I have offered to give them 100,000 DOGE if they put a Dogecoin address on their website. Maybe you'd like to donate too? Maybe you'd like to let them know that you have some DOGE for them? Email: [email protected] twitter: @planetmoney Planet Money does amazing work, and I will probably support them regardless of whether they accept DOGE. But I do think that if we can get their interest they will realize that there's an amazing story here that's worthy of their coverage. Dear Planet Money team, By now you are probably aware of Dogecoin, the new crypto currency that's getting a lot of attention lately. I would like to tell you why I am personally committed to Dogecoin, and how Dogecoin may benefit Planet Money directly.
Dogecoin is altruistic. The Dogecoin community believes in spreading the wealth and has donated to many causes including the Jamaican Bobsled Team and various experiment.com projects. People routinely tip small amounts of Dogecoin to others simply because they liked something they made or enjoyed their comment on Reddit.
Although it wasn't planned, Dogecoin has stumbled into an amazing strategy for generating support for the currency. Tipping creates good will among the Dogecoin community, and introduces people to Dogecoin. Tip somebody a small amount of Dogecoin and they become curious to know more. Soon they realize that Dogecoin is fun, and it's the fun that makes the currency valuable. People are proud to be affiliated with Dogecoin. When was the last time that people were rooting for a currency to succeed, simply because it makes them feel good?
Dogecoin is a brand. This wasn't planned in advance, but the tongue-in-cheek nature of the currency has created a lot of fan art which helps feeds back into community good will and more tipping. For example: here, here, and here. I challenge you to name one currency, or anything in economics for that matter, that has inspired fan art?
Dogecoin solved one of Bitcoin's biggest problems: hoarding. Tipping and donating is a central to the Dogecoin community so the currency flows much more fluidly than Bitcoin. Although Dogecoin is actively traded, its value is remarkably stable for a currency that's only 3 months old.
Finally, I would like to propose an experiment. Since you're in the middle of a pledge drive right now, give your listeners who use Dogecoin a chance to show their generosity. All you need to do is put a Dogecoin wallet address up on your website. If you need help figuring out how to get an address, you can read the "getting started" guide or I can personally help you out. The cost to you is nothing, except for the small amount of time it takes to put the address on your site. If you set up a Dogecoin address and post it publicly, I will personally pledge 100,000 Dogecoins to Planet Money. Converting Dogecoin to USD is not difficult, but you may want to use some of the Dogecoins to participate in the Dogecoin economy. I bet the experience would make a fascinating podcast! To the moon, [my name]
A modern-day “Gunfight at the OK Corral” is occurring on TV, but no, it is not a western; it’s a venture capitalist and financial journalist going head to head over the futu As some of our regular readers may remember, around five years back in 2014 — a time when Bitcoin was trading between $250 and $700— Ben Horowitz and Felix Salmon appeared on NPR’s Planet Money podcast to discuss the future of digital finance. During their appearance on the show, the aforementioned individuals made a live bet regarding the state of Bitcoin in 2019. The NPR Planet Money team, for their podcast on Bitcoin a few weeks back, interviewed the Harvard economist Benjamin Friedman. As another economist that I recently wrote about , in arguing that Bitcoin will ultimately fail, he appealed to the role the government plays in bolstering and securing the widespread adoption and use of the US dollar. The co-host of the popular NPR podcast "Planet Money" provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs. Money only works because we all agree to believe in it. Cardiff Garcia of NPR's new podcast, The Indicator, from Planet Money has the story of one cryptocurrency that started off as a joke. bitcoin copycats, they take it, they change a variable and
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