When it was new it had minor charm-- the idea it was cheap and there were trillions of coins in circulation made it so penny-ante that people could have fun with it, and experiment with the tech on a tiny budget.
I played a little with it back in 2014 or so. You could buy some by interacting with a Reddit bot, and I mined a few coins on a GTX 660 (midrange gaming card for the day.
I recall sending 5000 coins to a local dogs-rescue that tried to join on the novelty, and paying for some used RAM in part with it.
By then BTC was basically unplayable without a rack of ASICs and it was already moving past the “currency” phase straight to “speculative asset”.
It was made by two software engineers as a joke parodying cryptocurrencies in 2013. One of them called musk a self-absorbed grifter.
This, it was explicitly supposed to be a joke coin. The fact that it trades fairly consistently (if at low value) is kind of an abberation
When it was new it had minor charm-- the idea it was cheap and there were trillions of coins in circulation made it so penny-ante that people could have fun with it, and experiment with the tech on a tiny budget.
I played a little with it back in 2014 or so. You could buy some by interacting with a Reddit bot, and I mined a few coins on a GTX 660 (midrange gaming card for the day.
I recall sending 5000 coins to a local dogs-rescue that tried to join on the novelty, and paying for some used RAM in part with it.
By then BTC was basically unplayable without a rack of ASICs and it was already moving past the “currency” phase straight to “speculative asset”.
An individual coin trades at a low value but the total market cap is 26 billion dollars.