HugeWood

Nice little article from VICE that concludes "...buying a few Dogecoins might not be as stupid as it seems."

Dogecoin Brings the Cryptocurrency Craze to Its Logical Conclusion

I don?t know what Bitcoin will end up being. It could be a currency or a commodity, a fad or a revolution, the future of money or a total waste of money. What I do know is that Dogecoin could be just the same, now that it's joined a countless legion of so-called ?altcoins? in the wake of Bitcoin?s skyrocketing price.

Yup, it?s the first digital currency based on an internet meme?not just any internet meme, mind you, but the 2013 meme of the year. Very currency. Such crypto. Wow.

Sorry for that, but it?s also kind of the point. ?Is this supposed to be retarded on purpose?? wondered a confused onlooker on the BitcoinTalk forums. If Bitcoin is a compelling concept, Dogecoin is totally stupid. Even so, it's still proving successful in the midst of the cryptocurrency craze. In just 24 hours, the mining difficulty for Dogecoins increased thirty levels, according to one impressed, self-described fanboy. That means a whole lot of people are trying to mine their own Dogecoins. Believe it or not, Dogecoin has gone viral.

Continued at motherboard.vice.com/blog/dogecoin-brings-the-cryptocurrency-craze-to-its-logical-conclusion