Jamaican Bobsled Team Boosts Dogecoin's Exchange Rate by ...

A fond farewell and words of caution from a former mod and Dogecoin Foundation

To the community,
The last five months have been special. I joined the subreddit on December 10th, two days after Dogecoin was created, and it’s been a wild ride, which is why I'm sorry that it's my time to go. A few of the (hundreds of) memories I’ll treasure:
Why I’m leaving
Our community values generosity and kindness, and that’s what has attracted me to Dogecoin from the beginning. At the same time, I see an important difference between being kind and avoiding conflict at all costs. Unfortunately we do not live in a perfect world, and our community must be able to identify those who are asking for a great deal of trust and then ensure that they provide enough information to justify that trust. I no longer feel that I have the community's support to ask tough questions of those who I believe owe the community answers, and that is not a position I am willing to be in.
Moolah.io
Last Wednesday I wrote a post expressing concern about a number of important unanswered questions about Moolah.io. After writing this post I was contacted by the CEO of Moolah.io, who told me that “if you defame or harass myself, my company, or -any- member of my team, I will take appropriate legal action against you.” As a result of this and other mentions of legal action, I stepped down from the Dogecoin Foundation. Jackson Palmer and Eric Nakagawa stepped down the same day, in advance of our planned May 5th transition period.
I continue to be deeply, deeply troubled by the lack of answers to the questions I asked last week. While I have dozens of questions, the one that concerns me the most is about the legal status of the 750 bitcoin PIE investment that Moolah.io claims to have raised, including from people in our community.
I still have not seen a detailed explanation as to why Moolah.io believes they are exempt from the laws that generally prohibit the issuing of a security to un-accredited American investors, even by a company based overseas (more discussion here). In US law a security covers "evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement."
Last week moolah_ said that Moolah.io had not filed paperwork with the SEC because "we're not based in the United States in reference to the SEC, and following our talks with a number of lawyers - we were shown not to have to." Also on Wednesday moolah_ said "I am reaching out to a lawyer specialised in this area to have a formal answer put together. There are a number of loopholes, to be blunt." I have not seen an update on the matter since, but it is possible that I missed it.
I would encourage the community to pay close attention to what members of our community who are knowledgeable about legal and business matters have to say on this.
I cannot in good conscience continue to participate in the community while withholding comment on matters that concern me so immensely, but I also am not interested in being involved in legal battles. This makes me very sad, and perhaps in the future once my concerns are addressed I will feel comfortable returning. Until then I will no longer be using the Dogecoin social media accounts, posting in the Dogecoin subreddit, representing the community to the press, or otherwise participating in the community. Finally, please do not ask me to stay; I have been thinking this through for the past week, and my mind is made up.
Best of luck,
Ben Doernberg
submitted by NeutralityMentality to dogecoin [link] [comments]

Here is what started the wholesale desertion of Dogecoins management team.

I am showing this, because it is a demonstration of the dangers that face every coin that lacks the capability of resolving conflicts. We can now see the results that are playing out. Let us hope our fellow friends will work though this difficult time.
"Founders and community leaders of /dogecoin have stepped down as moderators after disagreements by MysticFearin SubredditDrama
[–]NeutralityMentality 2 points 1 month ago
Thanks.
Post from last week
This week's post:
To the community,
The last five months have been special. I joined the subreddit on December 10th, two days after Dogecoin was created, and it’s been a wild ride, which is why I'm sorry that it's my time to go. A few of the (hundreds of) memories I’ll treasure: •Raising 14 million DOGE from the community to pay back those whose Christmas was ruined when their funds disappeared from the Dogewallet online wallet service. I wish I had completed the project more quickly and efficiently, but as far as I know this remains the only community fundraiser to assist the victims of a cryptocurrency hack. •Helping to coordinate our donation to the Jamaican bobsled team, writing the press release, and arranging for the team to take this picture with Dogecoin t-shirts •Organizing the NYC Dogeparty and putting the Doge head on the Wall Street Bull •Sharing information about our community with Fox News, CNN.com, VICE, Business Insider, the Wall Street Journal and many other outlets
Why I’m leaving
Our community values generosity and kindness, and that’s what has attracted me to Dogecoin from the beginning. At the same time, I see an important difference between being kind and avoiding conflict at all costs. Unfortunately we do not live in a perfect world, and our community must be able to identify those who are asking for a great deal of trust and then ensure that they provide enough information to justify that trust. I no longer feel that I have the community's support to ask tough questions of those who I believe owe the community answers, and that is not a position I am willing to be in.
Moolah.io
Last Wednesday I wrote a post expressing concern about a number of important unanswered questions about Moolah.io. After writing this post I was contacted by the CEO of Moolah.io, who told me that “if you defame or harass myself, my company, or -any- member of my team, I will take appropriate legal action against you.” As a result of this and other mentions of legal action, I stepped down from the Dogecoin Foundation. Jackson Palmer and Eric Nakagawa stepped down the same day, in advance of our planned May 5th transition period.
I continue to be deeply, deeply troubled by the lack of answers to the questions I asked last week. While I have dozens of questions, the one that concerns me the most is about the legal status of the 750 bitcoin PIE investment that Moolah.io claims to have raised, including from people in our community.
I still have not seen a detailed explanation as to why Moolah.io believes they are exempt from the laws that generally prohibit the issuing of a security to un-accredited American investors, even by a company based overseas (more discussion here). In US law a security covers "evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement."
Last week moolah_ said that Moolah.io had not filed paperwork with the SEC because "we're not based in the United States in reference to the SEC, and following our talks with a number of lawyers - we were shown not to have to." Also on Wednesday moolah_ said "I am reaching out to a lawyer specialised in this area to have a formal answer put together. There are a number of loopholes, to be blunt." I have not seen an update on the matter since, but it is possible that I missed it.
I would encourage the community to pay close attention to what members of our community who are knowledgeable about legal and business matters have to say on this.
I cannot in good conscience continue to participate in the community while withholding comment on matters that concern me so immensely, but I also am not interested in being involved in legal battles. This makes me very sad, and perhaps in the future once my concerns are addressed I will feel comfortable returning. Until then I will no longer be using the Dogecoin social media accounts, posting in the Dogecoin subreddit, representing the community to the press, or otherwise participating in the community. Finally, please do not ask me to stay; I have been thinking this through for the past week, and my mind is made up.
Best of luck,
Ben Doernberg"
submitted by okie77 to reddCoin [link] [comments]

Help me explore how Myriadcoin can effect social change!

Hello friends,
Full disclosure: I've only just heard about Myriadcoin, so please forgive me for not addressing the cryptocurrency itself directly.
I'm a bit of a newcomer in the world of cryptocurrencies, and it's been an exciting ride so far (though I must admit, my involvement so far has been limited to Bitcoin and Dogecoin). I work for an organization that focuses on social responsibility in finance and corporate activity (that, for confidentiality purposes I will leave nameless). I'm beginning to explore cryptocurrencies' capacity to function as a form of socially responsible/conscientious investment that drives positive change on small and large scales. The intent is to publish an article on this "technology's" real and potential ability to serve as a tool that furthers social responsibility through the private sector. I figure many of you here are far more experienced than I am and are far more tuned into developments in cryptocurrencies, so I'm wondering what your thoughts are on this.
I've seen how Bitcoin has allowed small business to expand their markets internationally just by accepting Bitcoin as payment; I've seen how the Dogecoin community rallied behind the Jamaican bobsled team and allowed them to participate in the Olympics; and I'm syure Myriadcoin has had its own noteworthy contributions. The potential for global change through cryptocurrencies is very real, and I think it's time that potential is fully and seriously explored.
Please share your thoughts and experiences - hopefully this article of mine will be a small cog in the machine driving cryptocurrencies generally, and Myriadcoin specifically, toward more widespread recognition and acceptance. Cheers.
submitted by maamby to myriadcoin [link] [comments]

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.
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]
submitted by chris3000 to dogecoin [link] [comments]

I'm going all in, fellow shibes.

First, a little history on my experience with cryptocurrency.
It started early last year. I had heard about the Bitcoin sensation, but didn't really understand it. I knew it was some kind of online currency, but that was it. It wasn't until they jumped from ~$10 to ~$300 in April that I really founded an interest in them. With some research and quick setup, I was running Bitminter and mining some coins!
Unfortunately, I've always been a nVidia guy. My mining was never that great, so my bitcoin earnings were a bit paltry. After less than a month of mining, I got discouraged by my pitiful earnings and decided that it wasn't worth it. I realize now that this was a huge mistake.
Fast forward to November, where Bitcoins really spiked and shot up to ~$1000. It immediately took my interest again, so I loaded up my wallet and found that I had 0.2 bitcoins in there. Wow! Using my basic knowledge of transfers, I moved my coins to BTC-e with the hopes of cashing out my small earnings. Little did I know, BTC-e has a minimum USD payout, so when it came to actually turning bitcoins into money, I seemed out of luck.
What to do, I thought, staring at money in my account that I couldn't withdraw. I tried to trade, but that always ended up poorly for me. I ended up losing some of my funds due to botched trades, so I decided to stop doing that and look for another option. That's when I noticed that Litecoins were going up.
After looking at some charts, I traded all my BTC for LTC and waited for that. They went up! They went down. They went all around, but I still couldn't find myself reaching the minimum payout threshold that I needed. For a while, the LTC just rotted away in my BTC-e account and did nothing as I monitored price movements.
December rolled around, and I found a peculiar phenomenon happening. A cryptocurrency based on an internet meme. I laughed about it for a while, then moved on. A couple days later, I went back and took another look. At that point, I thought "What the hell?" and signed up for Crypsty, which had just started accepting DOGE trading. I transferred a lone LTC over (at the time worth about $20) and traded that for some DOGE. It bought me a comically large sum of them.
I wasn't sure where it would go after that. I kinda left it alone for a while, not really paying much attention to how much the price was. Suddenly, one of my circles of friends started talking about Dogecoins. It reminded me that I had some, so I checked out the price, and WHOA, it had shot up! This was during the donation run for the Jamaican Bobsled team.
I did some trading, and found that my original investment had really multiplied. "Cool!" I thought, looking at my Crypsty account. "This silly DOGE thing really took off. Now, I could have probably been done right then and there, but I wasn't. Reflecting back, I still wouldn't have had enough to withdraw from BTC-e, so I guess my decision wasn't entirely unfounded. Regardless, I held onto the Dogecoins.
A tried my hand at trading some more, against my better judgement, and I ended up losing some more. It happens. Cut to now. Right now. This very moment in time. I've taken whatever LTC I still had in BTC-e and moved it over to be turned into fresh DOGE.
All the BTC and LTC I've ever had has now been converted to Dogecoins, and I really only have one thought on my mind:
To the moon, fellas.
I wanna ride this crazy internet wave.
submitted by Alexstrazsa to dogecoin [link] [comments]

Help me explore how cryptocurrencies can affect social change!

Hello friends,
I'm a bit of a newcomer in the world of cryptocurrencies, and it's been an exciting ride so far (though I must admit, my involvement so far has been limited to Bitcoin and Dogecoin). I work for an organization that focuses on social responsibility in finance and corporate activity (that, for confidentiality purposes I will leave nameless).
I'm beginning to explore cryptocurrencies' capacity to function as a form of socially responsible/conscientious investment that drives positive change on small and large scales. The intent is to publish an article on this "technology's" real and potential ability to serve as a tool that furthers social responsibility through the private sector.
I figure many of you here are far more experienced than I am and are far more tuned into developments in cryptocurrencies, so I'm wondering what your thoughts are on this.
I've seen how Bitcoin has allowed small business to expand their markets internationally just by accepting Bitcoin as payment, and I've seen how the Dogecoin community rallied behind the Jamaican bobsled team and allowed them to participate in the Olympics. The potential for global change through cryptocurrencies is very real, and I think it's time that potential is fully and seriously explored.
Please share your thoughts and experiences - hopefully this article of mine will be a small cog in the machine driving cryptocurrencies toward more widespread recognition and acceptance.
Cheers.
submitted by maamby to CryptoCurrency [link] [comments]

Repost: In celebration of the NFL draft- Would dogecoin survive the NFL draft?

Read on ShibeScoop.com!
Would Dogecoin survive the NFL draft?
How many of you know who Matt Flynn is?
If many of you don’t, I can’t say I’m surprised. And no, he doesn’t have anything to do with dogecoin or any other kind of coin, at least not directly.
You don’t know who Matt Flynn is because omitting the 2012 NFL offseason, during which he briefly became a highly coveted free agent quarterback, he has spent most of his career in relative obscurity. From the college ranks on, Matt Flynn has spent the majority of his career playing the role of dutiful and dependable backup.
At this point, I’m probably losing you, because you didn’t come here to talk football, but by the end, you will see why Matt Flynn’s meteoric rise before his slide back into obscurity parallels the path of many cryptocurrencies.
As many of you have no doubt seen, sometimes one event can have a profound impact on the value of cryptocurrency. Unlike other forms of established currency which are often regulated and controlled by national governments to keep them stable, the values of cryptocurrencies are often very volatile. For example, as many of you have no doubt heard, the dogecoin community recently came together to help send the Jamaican bobsled team to the Sochi Olympics. The visibility dogecoin gained because of the high profile of the Olympics boosted its exchange rate value by about 50% (Davidson)1. In general, because of regulation, the value of actual currencies don’t vary this sharply on a day-to-day basis, at least in the case of currencies used in stable economies regulated by stable governments.
If we think of Matt Flynn as a cryptocurrency, we can see similar patterns. For example, he spent the early years of his career in relative obscurity as a backup quarterback. He did a good job, no doubt, and gained the confidence of the organization and his coaches. His “exchange rate” first spiked in December 2010 when Flynn started in place of the injured Aaron Rodgers against the Patriots. Everyone expected Flynn and the Packers to falter against the prowess of the Patriots’ elite offense. Flynn, however, led the Packers to within four points and lost only when down the stretch, due to his inexperience, he struggled to manage the game clock. Time ran out on what could have possibly been a game-winning drive and a fairytale ending. This game was played on primetime so Flynn’s heroics were witnessed by a wider audience. All of a sudden, people around the nation knew his name; however, he once again slipped into obscurity when Aaron Rodgers recovered from his concussion and retook his rightful place at the helm of the Green Bay Packers. The second spike, which had lasting implications for Flynn’s career, occurred at the end of the 2011 season when Flynn started in place of Rodgers in the last regular season game so Rodgers could rest before the start of the playoffs. The backup quarterback threw for 480 yards and 6 touchdowns in a victory of the Detroit Lions (Wikipedia)2. These numbers were phenomenal and Flynn’s throws lit up the highlight reel. The timing was perfect. Flynn’s contract ended at the conclusion of the offseason, and he was able to cash in on the appreciation of his value. Like some of the first to jump on Bitcoin, Flynn made millions (literally). Would you buy a “flynncoin”? The Seattle Seahawks did to the tune of 3 years, $20.5 million, including $9 million guaranteed. “flynncoin” was on the rise. Unfortunately, it didn’t last. The Seahawks chose to go another direction, choosing Russell Wilson as their starting quarterback despite the premium they had paid for Flynn. They lost their bet. Flynn, on the other hand, won. Because of two games, he was able to land a significant contract.
I guess the moral of the story here is be careful, but don’t be afraid to go for it either. Obviously, things don’t always turn out for the best, but sometimes, taking risks leads to enormous upside.
  1. http://www.bloombergview.com/articles/2014-02-04/jamaican-bobsledders-ride-dogecoin-into-olympics
  2. http://en.wikipedia.org/wiki/Matt_Flynn
submitted by cheettopuffs to dogecoin [link] [comments]

Mystic Mountain Jamaican Bobsled Adventure Ride - YouTube Mystic Mountain Jamaica... Bobsled Ride - YouTube Jamaican Bobsled Complete Ride [HD] Jamaican High Speed Bobsled Ride through the Jungle ... Dogecoin Jamaican Bobsled Team -- CNN: Bitcoin is Napster for Finance -- Bitcoin Hawaii

Jamaican bobsled team raises virtual currency for Olympics. By Julian Hattem - 01/21/14 08:49 AM EST . Donors have given about $30,000 worth of the virtual currency Dogecoin to support Jamaica's ... The strange ride started on Sunday when news broke that the Jamaican bobsled team had finally qualified for Sochi and would be headed to the Olympics for the first time since 2002.. They only ... The Jamaican bobsled team also represents a great human-interest story in a competition oversaturated with tales of overcoming hardship. The 46-year-old Watts came out of retirement in hopes of appearing in his fourth Olympics and has been putting up his own money to fund the team's quest. The bobsled team receives virtually no support from the ... Dogecoin Jamaican Bobsled Team loses their luggage, makes it to Bloomberg, finds their luggage. admin February 6, 2014 Dogecoin Jamaican Bobsled Team loses their luggage, makes it to Bloomberg, finds their luggage 2014-02-06T15:00:34+00:00 Economy No Comment...may have to compete with borrowed equipment after travel plans from New York were disrupted. “Our luggage and blades didn’t arrive ... Jamaican Bobsledders Ride Dogecoin Into Olympics Somebody get Doug E. Doug on the phone: The Jamaican bobsled team is about to return to the Winter Olympics thanks to some digital fundraising. By

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Mystic Mountain Jamaican Bobsled Adventure Ride - YouTube

Visit to the Mystic Mountain Jamaican Bobsled Ride. What an adventure. Enjoyed this thrill ride with my mom!! So much fun. I put my mom in the back and told ... This un-cut video of the bobsled ride at Mystic Mountain in Jamaica gives you the rider's point of view as the coaster speeds down the mountain. It takes two... Land Bobsled in Montego Bay, Jamaica summer 2015. This video is the complete ride down and up the mountain. I believe this was at Mystic Mountain. notice the vertical incline going back to the top. January 21, 2014 -- Kailua, HI -- MadBitcoins means MadBitcoins. The MadBitcoins Subscriber Index is at 1925. In the 1925 World Series, the Pittsburgh Pirate... Part of our visit to Mystic Mountain on April 19, 2017.

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