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I'm not familiar with how much 26MM Dogecoin is in relation to the total amount of Dogecoin that's been mined, but it will be interesting to see what happens to

by olympus 13y ago

I'm not familiar with how much 26MM Dogecoin is in relation to the total amount of Dogecoin that's been mined, but it will be interesting to see what happens to the exchange rate as it gets converted into "real" money so the team can pay for the trip to Sochi. The article mentioned that the fundraiser may have raised the price of Doge itself, and I expect that bubble will pop as soon as the Jamaicans find out that you can't buy plane tickets with Doge (yet).

paulnewmanseyes 13y ago
They've already converted the 26m DOGE into $25,000, it says in the last two paragraphs.
- olympus 13y ago
  I read that, but for some reason it didn't register that the Dogecoin was already converted. Thank you for clearing that up for me.
naterator 13y ago
There can be up to 100B Dogecoin (ever), so this represents ~0.03% of that. There are about 32B mined now, so 0.08% of doge in existence.
JohnTHaller 13y ago
It was already converted into USD and donated to them.
aestra 13y ago
100,000,000,000 dogecoin will be mined total (one hundred billion) https://dogechain.info/chain/Dogecoin/statistics https://dogechain.info/chain/Dogecoin/statistics 32.32%(!) of that has already been mined. That's 32,323,788,534 dogecoin. 26 million is .08% of all dogecoins that have been mined.
- melarina 13y ago
  About a billion coins are being added per day. That will change 2 weeks from now when the block reward halves. What's kind of interesting about Dogecoin is that there are so many people mining it. The rapid rate at which coins are being released combined with the large number of miners means that currently the top 100 addresses only hold 36.9% of all coins, the lowest concentration of wealth of any altcoin by a wide margin.
dpiers 13y ago
The exchange rate took a hit as the 26MM was sold off for Bitcoins, but it has since bounced back. In the last 24 hours, there have been 7MM USD worth of transactions in Dogecoins, more than any cryptocurrency except Bitcoin.
deleted 13y ago
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ayu 13y ago
full disclosure: I own a small amount of dogecoin. Original spec for Dogecoin: https://bitcointalk.org/index.php?topic=361813.0 https://bitcointalk.org/index.php?topic=361813.0 We're on block 65K. The first halving is scheduled for block 100K or Feb 14. Dogecoin trade volume is around #2 #3 in cryptocoin markets, so actually it's very liquid. In practical terms, there's been $7M USD in trading volume in the last 24h. Converting 10s of M Doge into BTC into USD would be very easy.

by olympus 13y ago

paulnewmanseyes 13y ago

They've already converted the 26m DOGE into $25,000, it says in the last two paragraphs.

olympus 13y ago
I read that, but for some reason it didn't register that the Dogecoin was already converted. Thank you for clearing that up for me.

naterator 13y ago

There can be up to 100B Dogecoin (ever), so this represents ~0.03% of that. There are about 32B mined now, so 0.08% of doge in existence.

JohnTHaller 13y ago

It was already converted into USD and donated to them.

aestra 13y ago

100,000,000,000 dogecoin will be mined total (one hundred billion) https://dogechain.info/chain/Dogecoin/statistics https://dogechain.info/chain/Dogecoin/statistics 32.32%(!) of that has already been mined. That's 32,323,788,534 dogecoin. 26 million is .08% of all dogecoins that have been mined.

melarina 13y ago
About a billion coins are being added per day. That will change 2 weeks from now when the block reward halves. What's kind of interesting about Dogecoin is that there are so many people mining it. The rapid rate at which coins are being released combined with the large number of miners means that currently the top 100 addresses only hold 36.9% of all coins, the lowest concentration of wealth of any altcoin by a wide margin.

dpiers 13y ago

The exchange rate took a hit as the 26MM was sold off for Bitcoins, but it has since bounced back. In the last 24 hours, there have been 7MM USD worth of transactions in Dogecoins, more than any cryptocurrency except Bitcoin.

deleted 13y ago

[deleted]

ayu 13y ago

full disclosure: I own a small amount of dogecoin. Original spec for Dogecoin: https://bitcointalk.org/index.php?topic=361813.0 https://bitcointalk.org/index.php?topic=361813.0 We're on block 65K. The first halving is scheduled for block 100K or Feb 14. Dogecoin trade volume is around #2 #3 in cryptocoin markets, so actually it's very liquid. In practical terms, there's been $7M USD in trading volume in the last 24h. Converting 10s of M Doge into BTC into USD would be very easy.