Doge 4 Water

#1

Post by Barbatos » Sun, Mar 16, 2014, 11:42 AM UTC

Doge 4 Water
doge4water.org

Re: Doge 4 Water

#2

Post by grinich » Sun, Mar 16, 2014, 1:16 PM UTC

I really hope Dodgecoin turns into a Ponzi scheme for philanthropic deeds. :)

Re: Doge 4 Water

#3

Post by userbinator » Sun, Mar 16, 2014, 1:37 PM UTC

> to be converted to current value in USD

It'll be interesting to see what happens... but somehow the idea of expending huge amounts of computing power mining cryptocurrency for charity looks like an incredibly more wasteful process than just shutting off your machines when they're not in use and donating the difference in your power bill.

Re: Doge 4 Water

#4

Post by ziggamon » Sun, Mar 16, 2014, 1:38 PM UTC

Wow

Re: Doge 4 Water

#5

Post by sp332 » Sun, Mar 16, 2014, 1:47 PM UTC

userbinator wrote: post #3

> to be converted to current value in USD It'll be interesting to see what happens... but somehow the idea of expending huge amounts of computing power mining cryptocurrency for charity looks like an incredibly more wasteful process than just shutting off your machines when they're not in use and donating the difference in your power bill.

It's still useful for fast, cheap international transactions. Miners help verify the transactions.

Re: Doge 4 Water

#6

Post by VMG » Sun, Mar 16, 2014, 1:49 PM UTC

userbinator wrote: post #3

> to be converted to current value in USD It'll be interesting to see what happens... but somehow the idea of expending huge amounts of computing power mining cryptocurrency for charity looks like an incredibly more wasteful process than just shutting off your machines when they're not in use and donating the difference in your power bill.

At least it's less wasteful than mining gold.

Re: Doge 4 Water

#7

Post by runeks » Sun, Mar 16, 2014, 1:59 PM UTC

Now the question is what kind of slippage the seller of all those dogecoins will experience. I'm not sure how big the market depth for dogecoins is on the buy side.

Re: Doge 4 Water

#8

Post by citricsquid » Sun, Mar 16, 2014, 1:59 PM UTC

The (most?) interesting part of this was the final 14,000,000 donation came from someone going by "savethemhood". They claim...

    I take from the greedy to feed and blanket the poor. 
    I'm here today because I believe we are aligned. 
    I'm here to redistribute millions of Doge, from the 
    greedy, to you.

They appear to be (unconfirmed) responsible for theft of fiat and is converting it to dogecoin to "help" people. They also gave out 10,000 Doge to any redditor that asked for it. Here's their reddit post: http://www.reddit.com/r/dogecoin/comments/20idcv/my_name_is_...

Re: Doge 4 Water

#9

Post by dantudor » Sun, Mar 16, 2014, 2:02 PM UTC

This community is amazing. Not their first charitable donation and certainly not their last. It will be interesting to see in a few years what 40,000,000 Dogecoin will equate to in USD. Then looking back this will be unbelievably epic.

Congratulations to everyone who donated! Huge accomplishment!

Re: Doge 4 Water

#10

Post by dantudor » Sun, Mar 16, 2014, 2:03 PM UTC

This community is amazing. Not their first charitable donation and certainly not their last. It will be interesting to see in a few years what 40,000,000 Dogecoin will equate to in USD. Then looking back this will be unbelievably epic.

Congratulations to everyone who donated! Huge accomplishment!