Just thought you guys might like some OG content. More than 10 years ago DOGE got popular as the first meme coin. But there were no exchanges yet, or at least no alt-coin exchanges that would simply feature a lot of coins. At that time, you were able to mine a million DOGE coins per day with a simple GPU rig. As the coin got popular, trading started to happen on the forums of the coin's website - see screenshot. Doge Forums more than 10 years ago Doge was actually the start of a meme coin season back in 2013. If you think about it, not much has changed :) . I did a few trade via the forums and it was an experience to say the least. You would get into contact with a random other person and you trade in increments, to make sure no one got scammed. Of course, people would even scam you for small increments. How we dealt with that was to give people on the forum a 'trust-rating'. So people with a good trust rating could (kind of) be trusted. However, it was clear that with popularity increasing more trading options were needed. So people started to offer themselves as escrows. This worked fine, but again it was clear that this was all quite the hassle. And that was basically when the first 'meme-coin' exchange was born. Someone programmed an exchanged called 'CoinedUp' where you could trade DOGE. It was very ugly, and looked like the design was done in MSPaint. But it worked! Shortly after, other meme coins came out and were added to CoinedUp. Mind you, these exchanged were buggy as well. Nowadays you cannot imagine that if you quickly want to sell something, you just dump it on the 'market'. Back then, that didn't work and people learned the hard way. If you would sell something for 0, it would actually fill a bid from someone that was buying for literally 0. It was fun. Shorty after that other exchanges started to pop up, quickly becoming more 'professional'. For people that joined crypto later and wonder why DOGE has 'value' , well, this is it. It was the first ever meme coin with important history. [link] [comments] |
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