On Friday, Dogecoin, the 4 and a half month old digital currency, held its first conference in San Francisco. Hundreds of Dogecoin users attended to show their support for the event organized by Follow The Coin. Jackson Palmer, the creator of Dogecoin, gave the keynote. He discussed Dogecoin’s rise from a simple joke to the future of digital currencies. In fact, in only four short months, the Dogecoin has become one the most traded digital currency around the world.
Dogecoin Founder Shares Views
Jackson Palmer experienced other digital currencies before he officially started Dogecoin back in December 2013. Palmer said that the Reddit community welcomed the cryptocurrency with open arms. The community has given $150,000 worth of Dogecoin tips to other users on Reddit.
Palmer also said that the value of digital currencies should not be dependent on its price in American dollars. He said,
“Unfortunately, a lot of communities around cryptocurrency, that’s all they care about. I don’t wake up every day and wonder about what my paycheck is. You shouldn’t wake up every day and worry about what Bitcoin is in U.S. dollars or what Dogecoin is in U.S. dollars.”
Palmer believes that the success of Dogecoin is dependent on how much it gets adopted by businesses and consumers. He added,
“The key to our success is to build merchant and user redemption. We need to encourage more small businesses and big businesses to start adopting dogecoin as a form of payment. We need to build demand for people that want to pay using dogecoin.”
The Dogecoin founder also talked about the generosity of the cryptocurrency community. According to Palmer, a nonprofit organization called Dogecoin Foundation has currently raised over $100,000 for charities. The organization has also raised around $30,000 to give special dogs to kids with disabilities.
Above all, the Dogecoin is meant to be a fun alternative to other digital currencies. Palmer said during the conference,
“We need to keep up the fun community spirit we have, we need to never lose sight of the fact that there’s a dog on our coin.”