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Dogecoin, Created as a Joke, is the Epitome of Greater Fool Mania

Summary:
What is DogeCoin and Who Created It?Dogecoin is an altcoin (Bitcoin alternative). The correct pronunciation is “dohj coin.”It was created by Jackson Palmer and Billy Markus, software engineers at Adobe and IBM respectively. Palmer discusses the details in a fascinating 2014 interview."It was a joke on a whim. ... I sat down with a beer and slapped doge's face on a coin and put it live. The next day there was heaps of retweets. ... We thought it would last maybe three days."No Longer a JokeThe Wall Street Journal explains Dogecoin is No Longer a Joke. The cryptocurrency that started out as a parody less than a decade ago had surged more than 10,000% in 2021 as of May 4. It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge”

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Dogecoin, Created as a Joke, is the Epitome of Greater Fool Mania
Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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