Jamaican Bobsleigh Team Raises $30k in Dogecoins
The Jamaican bobsleigh team has received more than $30,000 worth of dogecoins from what can only be described as a community meme-loving bobsleigh enthusiasts. The dogecoin community took to Reddit and made it all happen in less than a day. Technically the team has not qualified for the Sochi Olympics yet, but the team's pilot Winston Watts is confident that his guys will make it through. The only hurdle in their way is the Dutch team, which will probably be forced to withdraw as it has not managed to achieve the standard set by Holland's national Olympic Committee. In other words, the....
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This weekend, a news story broke that indicated that the Jamaican bobsleigh team qualified for the Winter Olympic games in Sochi, Russia - but there was a slight problem. There wasn't enough money to pay for the trip to Russia. Winston Wyatt, who pilots the sled, managed to put up some of his own money, but for the rest, he turned to PayPal to try an secure $40,000 to make the team's dream a reality. What they got was rather unexpected and unorthodox, to say the least. The community behind the dogecoin cryptocurrency managed to come to the rescue, with the formation of a little group....
UPDATE: The team got funded. According to the official Crowdtilt donations page, some $120,000 has been raised. Dogecoins represent a quarter of that total. The Dogecoin Foundation saw more than 27 million XDG donated, and all the activity actually doubled the value of the currency in about 24 hours. Given Dogecoin's instability these last two days, the foundation actually had to exchange the money into Bitcoin before a donation in USD could be made. Here’s how to Internet like a pro: Take a story that elicits images of a beloved movie from childhood (“Cool Runnings”) and somehow find a....
It is really no wonder that the Dogecoin community would be sympathetic to a bobsled team from a tropical island. The very nature of Dogecoin and the Jamaican Bobsled Team draw parallels on many levels. They both began as a punchline. Each possesses the charisma to gain charitable assistance. There is real world value for others to assist their success. The Dogecoin community has decided to create a fund to back the Jamaican Bobsled Team. They are actually on their second fund now as the first one has already completed. As you can see in the chart below, investors see this union as a value....
Wow. So crypto. Much profits. As reported earlier today, the Dogecoin community was able to raise over $30,000 worth of dogecoins in an effort to get the Jamaican bobsled team to the Sochi Olympics. This is a feel good story for cryptocurrencies as a whole, but what does it mean for Dogecoin's position in the altcoin market? It's been reported that Dogecoin has more transaction volume than Bitcoin, and everyone understands that the community behind this coin is strong. So can a cryptocurrency based on a meme really go all the way "to the moon"? Dogecoin's Value as Money. When looking at....
Finally, after trials that Dogecoin community went through, great news arrive for the famous crypto. Finally, DOGE’s client is being fixed to prevent hacking and “unethical” mining. However, DOGE is not only famous for its shiba itsu image. Much more important is the charitable attitude of the community that surrounds the digital currency. Would that be helping out Jamaican bobsleigh team this year in Sochi or raising fifty thousand dollars for the water wells in Kenya. Nevertheless, generosity is not an excuse for hackers and thieves. Carefully executed DDoS attacks managed to undermine....