On Greed

Shibes/All,

I’m posting this before our big announcement this weekend because it’s important for me to point this out.¬†Here goes:

The date is¬†December 8th, 2013, and the price of Bitcoin has been skyrocketing for some time now. Altcoin mining profitibility is on the rise as Scrypt-based coins like Litecoin and Feathercoin can still be mined via GPU. It’s a digital gold rush. Scammers are everywhere on bitcointalk, as¬†people rush to create and¬†to promote their latest and greatest coins both there and on IRC, hoping to cause¬†a pump and dump for a quick buck (sound familiar?) It’s actually fairly easy, as a sucker is born every minute.ūüė¶

Then Dogecoin shows up. It’s quite obviously a parody of all these stupid coins¬†that keep popping up¬†(almost hourly at this point) meant to make a quick buck. It’s fucking hilarious in my mind (such coin, wow), so I point¬†my rigs to the first pool I could find and mine¬†a few million in an hour. I¬†post¬†the link to the wallet to a few friends on Facebook, have¬†a good laugh, and send¬†few hundred thousand Dogecoins¬†to them.¬†Then I go back to my normal LTC/FTC pools.

At this point, Dogecoin is still a joke. It’s a breath of fresh air in the shitty cryptocurrency world, full of pump and dump scammers, stupid “this will make bitcoin obselete” claims, etc. It’s a stupid coin, with the doge meme on it…¬†It’s fucking awesome. I subscribe to¬†/r/dogecoin/ because it exists.

Apparently the people there were just as absurd as I was. Then, I started this silly bot called dogetipbot, since folks there were asking for it.

I could just leave it as “The rest, the say, is history” — but there’s more to it than that. Apparently,¬†we¬†turned it into a tipping phenomenon. I spent Christmas keeping the bot alive, and we amassed¬†more users than /u/bitcointip did in a year in less than three months. We in the¬†/r/dogecoin community were¬†just having fun –and the price blew up.

Then this happened:

…and that doesn’t even include the multitude of sub-$10,000k fundraisers that have been¬†done, including my own.¬†Unfortunately, there’s a dark side.

If you’re expecting me to write about the scams and thefts, sorry.

To me, the dark side is the folks who sit around trying to treat Dogecoin like an asset that should be pumped and dumped again, especially when they want it to increase in value. They’re missing the point. Dogecoin isn’t just a cryptocurrency, it’s an anomaly.

If you buy¬†$100k USD in Dogecoin hoping the price will go up, you’re expecting it to go up to $150k or more, right?¬†But¬†do you think about the folks that buy at that price? Sucks to be¬†them.

While speculators gonna speculate, the rest of us in the /r/dogecoin world are throwing change at each other for awesome comments, posts, and images.

With that said…

We can’t let /r/dogecoin have all the fun. There’s a whole big world out there… Hence our new product (we’ve been working on for 6 months) — we’re¬†bringing the awesomeness that is dogetipbot to the entire financial world. HoneyLedger launches¬†on Monday¬†on Twitch.

It involves actual money. And yes, we’re going to destroy every fee we see.ūüėÄ

NOFX – Dinosaurs Will Die

–mohland & the entire Wow Such Business crew (/u/xtiba, /u/dvorwak, /u/liquinox, /u/mohland)

Dogetipmas Day 16: reddit Gold, now with Dogecoins

Shibes,

I’ll keep this one simple:

You can now tip people reddit Gold using Dogecoins via¬†dogetipbot. Everywhere on reddit. Yes, it’s happening, and it’s super easy to do so.

How?

+/u/dogetipbot gold

It’s that easy. The price of reddit gold ($4) is calculated and rounded down (yes, down) to the nearest 100 Dogecoins. As of right now, that’s 21200 Dogecoins.

It works on every subreddit, every post, every comment, every app, every platform. iOS, Android, Desktop, whatever.

Happy early new years, all. Even more exciting announcements to come in 2015.ūüôā

–mohland

Dogetipmas Day 15: Answers and Awesomeness

Well, Shibes… I have to call it.

Some folks never figured out the answer to #8 and #12 of the trivia. You tried, hard… 500+ answers and nothing correct.

With no winners, Instead, I’m going to donate 250k Dogecoin to a charity of your choice. Also, we’ll disperse some doge your way.

#8’s answer was actually¬†Brand New¬†with “Sic Transit Gloria…” — I’m surprised nobody got that.

#12 (the less-guessed one) was Death Cab For Cutie – The New Year¬†— look at all those folks gazing off into the distance.

If you missed out, the answers to everything were as follows:

  1. Secret
  2. /r/announcements
  3. Reddit
  4. The Gilded Age
  5. Dogecoin
  6. This Week In Startups
  7. One More Thing
  8. Brand New
  9. Easy Dub All Stars – Money
  10. The Roots – Tipping Point
  11. The Postal Service
  12. The New Year

Also, some folks suggested these might suggest some hidden clues.

I… have no idea what you’re talking about.

–mohland

Dogetipmas Day 7: What’s on your Dogetipmas list?

Shibes,

With Dogetipmas in full swing, I realized something… I never asked what you wanted for Dogetipmas.

So in all seriousness… Let us know what you want. Amazon wish lists, links to Jinx/Thinkgeek? All accepted. I can’t promise we’ll deliver on all requests (I can’t make Dogecoin hit $0.01 a coin for example ), but if it’s reasonable and fun, we’ll make it happen.

3 of you will get some presents (late, of course, since we run on Humboldt time)  and some special love from the Wow Such Business team.

Hit us up here in the comments, on reddit, Facebook, or Twitter.

So friends, what do you want Shiba Claus to bring to you this year?

–mohland

Dogetipmas Day 6: Slow Sunday? Nah, It’s Trivia Time on reddit!

Sundays are relatively quiet on the Interwebs. Today’s Dogetipmas is¬†a little bonus for those of you that are still lurking around.ūüėÄ

I’ve got 12 general trivia questions. Every 30 minutes on the hour/half hour (starting at 5:00¬†pm PST), I’m going to post one trivia question on reddit to¬†/r/dogetipbot.

The first person to correctly answer the question gets 50,000 Dogecoins. As an incentive to keep guessing, 25,000 Dogecoins will also be given to a random user that also posts the correct answer.

The winners won’t be tipped/announced¬†until the next question gets posted.ūüėÄ

However, if nobody correctly answers the question by the time the next question is posted, the stakes rise. Instead of 50,000 for¬†the first correct answer, and 25,000 for¬†a random correct answer… It’s sudden death: 100,000 Dogecoins to the first¬†correct answer.

Let’s get started!ūüėÄ

–mohland

Dogetipmas Day 5: Well, That Sucked

Sigh.

So today, we were planning on playing some StarMade and inviting folks from /r/Dogecoin to play with us… then everything went to shit.

It started off this morning with provisioning the new server for gaming¬†— turns out they¬†won’t have the hardware in until tomorrow. Oh well, we’ll just fire up one of our other dedis and get it going.

So we get the server up, get TeamSpeak up… then hit a brick wall with OBS and our audio here at the office. 3 hours later, we’re still out of luck.

So hey, if any Twitch streamers want to play some StarMade with us tonight and broadcast it (there’s a handful of us on TeamSpeak too), we’re more than happy to invite you in and help promote your stream. Hit me up on twitter (@mohland) or reddit (/u/mohland). Unfortunately, we’re not able to broadcast here at the office until I get our new gaming rig up and running.ūüė¶

Meh, sometimes things just don’t work out the way you planned.

–mohland