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 The investment darling of ordinary people who made millions of millions was "cruelly abandoned" by his biological fathers long ago.  Text | Editor Juny | Source Vicky Xiao | Silicon Star (ID: guixingren123) Cover source | IC photo In every crazy market, there is always the craziest focus, and this year’s focus must be Dogecoin. Since entering 2021, Dogecoin has risen by more than 11,000%, dominating the capital market and trampling on so-called leaders such as Bitcoin and Tesla. Its current market value is higher than that of new and old giants such as Twitter and Ford, creating a wealth carnival for thousands of retail investors. Nowadays, whenever Dogecoin is mentioned, the first person that people think of should be its "ambassador" Elon Musk, but few people know that its developer is named Billy Marcus. Musk and Marcus, the two people who are crucial to Dogecoin, sound like two brothers, but their Dogecoin careers are completely different: one is using Dogecoin to make crazy money to build a rocket and prepare to take it to Mars, while the other emptied all his shares when Dogecoin was about $0.0001 in 2015, and used the money to buy a second-hand Honda. Who would have thought that today, when the market value of Dogecoin once exceeded 80 billion US dollars, its inventor is still just an ordinary worker? Destiny is so elusive.  Picture from Marketwatch  Dogecoin Abandoned by “Dads” There are two founders of Dogecoin, one is its developer Billy Marcus, and the other is its concept initiator Jackson Palmer. However, both of them sold all the Dogecoins they held in 2015, closed their personal social media, and withdrew from the "Dogecoin world." Today, Jackson Palmer serves as a product manager for growth and data science at Adobe in San Francisco, where he has been working for nearly 12 years. On his LinkedIn page, there is no mention that he is the popular initiator of Dogecoin, and there is no trace of Dogecoin.  Image taken from Jackson Palmer LinkedIn Like Palmer, Billy Marcus was still a working man. He currently works as a software engineer for an education company in the San Francisco Bay Area, and even real social media information about him cannot be found online. “I no longer own any digital currency, including Dogecoin, and now I am just an ordinary office worker, not in trouble, but not rich either. ”Marcus said in an interview with Bloomberg at the beginning of the year. In 2015, Marcus sold all his Dogecoins under the pressure of unemployment. He used the money earned from the sale to buy himself a second-hand Honda Civic. At that time, the price of one Dogecoin was only about US$0.0001. Even based on the selling price of a second-hand Honda of US$6,000, Marcus should have held more than 60 million Dogecoins before. If he had not sold them back then, the value of these Dogecoins today would be more than US$36 million. But in the eyes of Marcus and Palmer, who "abandoned" Dogecoin, the crazy rise of Dogecoin is irrational and even weird. They remind everyone to be cautious when trading and warn of the huge volatility. In February of this year, Marcus also returned to the Dogecoin community on Reddit and published a long letter. In the letter, he said that although he had left Dogecoin for many years, he still wanted to tell people that their starting point for creating Dogecoin was not to make everyone crazy for speculation, but to bring more positive impacts to the world, such as promoting the development of charity or other interesting things. After Dogecoin became an instant hit, things gradually went off the rails. He and Palmer had been harassed by many cryptocurrency enthusiasts. People frantically sent them letters on various channels, asking them to use their influence and currency holdings to promote speculation. In the end, the two couldn't bear the disturbance and decided to stay away from this out-of-control battlefield. “The world is already miserable, and these actions can only bring more negative impacts. Having seen a lot of this over the past 7 years as a founder, I'm not angry, just disappointed. ”Marcus wrote in an open letter. Today, Marcus will only conduct Dogecoin community activities on the Internet under his former pseudonym Shibetoshi Nakamoto after Satoshi Nakamoto, and continue to raise funds for some ridiculous but interesting things. For example, they once sponsored a sports car in the name of Dogecoin, and had Dogecoin’s iconic image printed on the car body to participate in a NASCAR event, becoming the most beautiful scenery in the competition. Dogecoin has also been used to raise funds for the funds-strapped Jamaican bobsled team to realize their dream of the Sochi Winter Olympics.  Picture from Reddit In addition, Dogecoin has also played a role in many charitable causes in the past, such as helping to raise scientific research funds to solve the drinking water pollution problem in West Virginia, funding the establishment of the Dog Protection Association, and building water wells for local people in Africa, etc. “This year we also launched a campaign called #DoOnlyGoodEveryday or DOGE, which has received more than 75 million responses. I hope Dogecoin can have more interesting impacts besides hype in 2021. ”Recently, Marcus has followed the trend and begun to develop and sell NFT version of dog cards.  The DOGE campaign launched by Marcus in March this year, the picture is taken from Twitter But when it comes to investment, Marcus, who has created $80 billion in emerging assets, appears particularly cautious. “I have not bought or sold Dogecoin since I quit in 2015, and currently almost all of my own investments are in S&P 500 index funds and automated financial management accounts Wealthfront. ” It seems incomprehensible that the person who created Dogecoin does not believe in Dogecoin. But after understanding the story of their creation of Dogecoin, maybe it all makes sense.  Born to spoof Bitcoin I believe that when many people heard about Dogecoin for the first time, they thought the name was funny. Why did they choose such a name and use a dog head emoji as a logo? It felt like a joke. The truth is, it is indeed a joke. The birth of Dogecoin was not intended to become a digital currency with value and liquidity. On the contrary, it was born to mock Bitcoin. In 2013, there were two particularly hot topics on the Internet at that time: First, the previously unknown Bitcoin suddenly ushered in a cycle of rapid price increase, rising from a few dollars to dozens of dollars in a short period of time, which shocked everyone. Second, there is a Shiba Inu emoticon package called Doge meme that has become popular all over the Internet. People have forwarded this dog head to express various indescribable emotions such as "Wow", "Speechless", "Irony" and so on. And these two Internet hits collided that year. At a time when everyone had almost no understanding of digital currencies, dog-head emoticons were everywhere in netizens’ posts and comments in response to the soaring Bitcoin and the emergence of various altcoins, which broke the rules. At this time, Jackson Palmer, a marketing specialist in Adobe's Sydney marketing department, came up with a prank idea: He decided to make a digital currency out of a dog-head emoticon package to satirize the rising speculation atmosphere in the digital currency circle at that time. He then tweeted: “Invest in Dogecoin, you are pretty sure it will be the next big thing. ”  Unexpectedly, this tweet attracted the enthusiastic attention of many netizens as soon as it was sent out. Palmer thought, in this case, he might as well go ahead with the joke, so he bought the domain name Dogecoin.com and uploaded a picture of a coin with a dog head emoticon on it. On the website, he also left a message saying “If you want Dogecoin to become a reality, please contact me. ” The website soon caught the attention of an American software engineer. At that time, Billy Marcus was just an ordinary coder at IBM's Oregon branch, but he was very interested in the emerging thing of digital currency. The emergence of Dogecoin made his eyes light up, so he contacted Palmer and said that he could make Dogecoin a reality.  “Popular” currency developed in 3 hours In fact, before Dogecoin, Billy Marcus had been trying to create a digital currency of his own. As a game fan, he once created a digital currency called Bells based on Nintendo's "Animal Crossing", but it did not cause any splash. Just when he was discouraged and ready to give up, the emergence of Dogecoin reignited his passion for coinage. In fact, the whole process from the time he started developing Dogecoin to the official launch took only 3 hours. “This is actually quite simple. It's basically a search and replace job. I copied a large amount of the Bitcoin code and then replaced "Bitcoin" with "Doge coin". ”Marcus once recalled in an interview with CNET how he easily developed Dogecoin.  Picture taken from Dogecoin official website Of course, Marcus also said that there are many parts of Bitcoin’s open source code that are difficult to understand, but there is enough room for him to “transform” it. One of the biggest improvements lies in the number and mining methods of Dogecoin. Both Marcus and Palmer believed that the quantity limit and mining difficulty set by Bitcoin directly led to people's speculative psychology, and that the various altcoins that emerged later were all the same and unoriginal, so they planned to let Dogecoin be the "different fireworks." There are 21 million Bitcoins, and Marcus has set the total number of Dogecoins to more than 120 billion, which is equivalent to unlimited creation and unlimited supply. At the same time, he has greatly reduced the difficulty of mining. It does not consume water or electricity. You can dig and have what you want. Today, almost all 100 billion Dogecoins have been mined, and Bitcoin is expected to take more than 100 years to be mined. In addition, they also made some interesting changes in order to keep the spoof to the end. For example, change the font to the same comic format as the emoticon package, and change "mine" to "dig" because dogs generally dig holes. Marcus also changed the name of Bitcoin founder Satoshi Nakamoto and changed his Twitter name to Shibetoshi Nakamoto (let’s translate it as "Nakamoto Chai"...)  They hope that Dogecoin will be the "people's currency" instead of serving speculators like Bitcoin. Once everything was ready, Dogecoin went live around lunchtime. At the time, Marcus and Palmer thought it would be a short-lived joke and everyone would have fun and it would be over. But unexpectedly, Dogecoin exploded onto Reddit and Twitter after its launch. In less than two weeks after its release, Dogecoin already had a dedicated blog and forum, with more than 1 million followers. In everyone's eyes, Dogecoin at that time was just a fun thing, and no one treated it as a serious asset. People use it casually for rewards, gifts, etc., often giving away thousands or tens of thousands. People will also gather together to use it to raise money for various weird things or charities. But as more and more people know about Dogecoin, and some celebrities have added fuel to the fire over the years, Dogecoin, which was worthless in the past, has gradually changed its flavor and turned into a hot investment target. And Musk’s entry has pushed the Dogecoin carnival to a climax. Now, retail investors all over the world are working hard towards the $1 goal set by Musk, and everyone is doing their "little part" to send Dogecoin onto the SpaceX rocket and into the universe. Ironically, however, the two founders of Dogecoin are not among them. As of press time, the price of one Dogecoin once exceeded $0.68, and heading to the moon may be just around the corner.     Come and "share, like, and watch" 👇Dogecoin market value exceeds 80 billion |
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