Category Archives: Cryptocurrency

BitCoin, LiteCoin, etc.

Dogecoin is an alternative digital coin to the popularly traded cryptocurrency Bitcoin

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(CNN) -

The Dogecoin started off as a penniless Internet joke. But Matt Thompson plans on selling his vacation home for this meme-inspired currency.

The 27-year-old entrepreneur has been selling games and gadgets over the Internet for years, but nothing as big as his Wisconsin vacation home, which he is offering for 100 million Dogecoins.

Dogecoin (pronounced DOHJ-coin) isn't something tangible like the dollar bills in your wallet. It's an open source file-sharing form of cryptocurrency that was created by programmer Billy Markus in December 2013. The newbie cryptocurrency started off as a parody of Bitcoin, using the image of a perplexed Japanese dog. Chances are, you've probably seen Dogecoin's mascot somewhere on the Internet already. As the Shiba Inu would say: Wow, much coin-cidence.

But this satirical currency isn't just a punchline anymore. Through trading and transactions between users, the currency went from being worth nothing to being valued at more than $65 million, and it has a uniquely supportive community of users from the site Reddit.

Thompson, a user of bitcoins since 2011, started buying and selling Dogecoins two days after they were made available online. But the early adopter didn't think of selling his vacation home for cryptocurrency until his property got no offers after several months on the market. His three-bedroom, two-bath home is one of 2,300 properties on sale in Sawyer County, in the state's northern woods.

To attract potential buyers, he decided to accept Dogecoins as a payment form. He sees potential in it.

"I don't mind holding on to (Dogecoins) for a multitude of reasons, including that I believe I can use them to further my business," he explained. Thompson, who lives in Minnesota, primarily sells video and electronic game accessories online. He's been able to buy and sell inventory from places such as China by using the digital currency. "It's safe and easy with minimal fees," he said. "To date, I've found it to be very good for supplementing payment methods."

Timothy Lee, who has written about cryptocurrency for The Washington Post, says Dogecoin can be a feasible alternative to Bitcoin, but it is important to put it into context. Bitcoin is the most popularly traded cryptocurrency and has the largest community of users in the digital currency realm. Dogecoin is one of the top 10 cryptocurrencies, but it has a far smaller following.

Ben Doernberg of the Dogecoin Foundation -- yes, the founders even established a nonprofit organization -- says what makes it special compared with its competitors is its community.

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Dogecoin is an alternative digital coin to the popularly traded cryptocurrency Bitcoin

AuroraCoin Review: Does the cryptocurrency AuroraCoin have the potential to revolutionize Iceland? – Video

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AuroraCoin Review: Does the cryptocurrency AuroraCoin have the potential to revolutionize Iceland?
If you need to buy BitCoins to get into Auroracoin do so safely and securely at: https://localbitcoins.com/?ch=1dwr To buy AuroraCoin you will have to make an account at: https://cryptorush.in/ind...

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AuroraCoin Review: Does the cryptocurrency AuroraCoin have the potential to revolutionize Iceland? - Video

How to accept AltCoins for business: A multi cryptocurrency merchant solution for business. – Video

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How to accept AltCoins for business: A multi cryptocurrency merchant solution for business.
Sign in to coinpayments.net here: https://www.coinpayments.net/home Put your cryptocurrencies to work now: https://cex.io/r/1/cryptomarket/0/ This video intr...

By: Crypto Market

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How to accept AltCoins for business: A multi cryptocurrency merchant solution for business. - Video

Virtual currency finds its way to Tucson

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Alex Dery-Chaffin sees a revolution ahead.

A bitcoin revolution.

We are on the brink of a massive change, says Dery-Chaffin, manager of Tucsons Chaffins Family Restaurant, which recently began accepting the cryptocurrency.

Its brand new, cutting edge, but it makes a lot of sense.

Bitcoins have been a hot topic recently from money-laundering accusations to a volatile market to a possible computer-programming flaw that has left the worlds largest bitcoin exchange sputtering.

But those problems cant deter Dery-Chaffin and other Tucsonans who are sure bitcoins are here to stay.

I believe that by the end of the year you will be surprised at how many people will know what it is and accept it, said P.J. Dixon, who uses bitcoins whenever they are accepted, has invested in the virtual money, and has a business, Bitcoin Consulting, to help set up retail businesses to use bitcoins.

One of those businesses is Cartel Coffee Lab in downtown Tucson.

At this point, the coffee shop/restaurant has one or two transactions a day with bitcoins, but Jason Silberschlag, founder of the Tempe-based Cartel, sees a future in the cryptocurrency, which allows him to cut out the fees banks and credit-card companies charge.

For me to see any benefit, I think itll take five years, he said.

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Virtual currency finds its way to Tucson