Quote from: david13D on January 06, 2018, 01:31:17 PM

Dogecoin, which started as a parody cryptocurrency, has now broken the $1 bln market cap showing how far virtual currencies have come since Bitcoins inception in 2009.

Four years after the Bitcoin genesis block was mined, programmer Billy Markus coded his very own cryptocurrency in 2013. With the help of Jackson Palmer, a product manager and data analyst at Adobe, Dogecoin was brought to life, meme and all.

Taking up the popular internet meme of the Shiba Inu dog, the creator envisioned the cryptocurrency to be a friendly online payment system, although its rise in popularity may not have been intended.

The fact that a coin which was created as a joke has crossed $1Bn in market capitalization makes me worry. It is an inflationary coin and has hardly seen any development. When people say that the crypto market is not made up of rational investors, this seems to be evidence towards it.