Meanwhile, in Portland, Billy Markus had been trying to program his own digital currency that would appeal to a broader demographic than the profiteers who've flooded into Bitcoin since the currency was released in 2008. But the project had gone nowhere. Then he stumbled across"The first thing I said was, 'This is so funny.' Then I said, 'I should just make this coin,'" Markus told Insider back in 2013.
The currency was derived from the open source software project, Litecoin. Unlike Bitcoin. Dogecoin does not have a limit to the number of coins that can be produced in the system.The digital currency instantly exploded on Reddit, generating a market value of $8 million at the time. It became popular for the internet practice of"tipping," which was a way of repaying people on the web for performing"good deeds," like sharing an idea or making a platform more accessible.
Dogecoin developed its own culture of sorts in 2013, largely due to the currency having a lower barrier of entry than Bitcoin for people who might be interested in cryptocurrencies.Some GameStop store employees are getting investing questions and criticism from customers over the company's volatile stock and they're in the dark about how to handle it
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