Washington Post

The bitcoin bubble is a joke, and you're the punchline

Bitcoin Foto: Marc Verch/flickr

There are bubbles, there are bad investments and then there's dogecoin.

That's the bitcoin parody that launched in 2013 in homage to the particularly silly meme of Shiba Inu dogs saying syntactically challenged things. Now, if none of that makes sense to you, don't worry: You're normal. The point is that this was a joke about a joke. A way for the technologically savvy and the self-consciously hip to show that they were aware of all Internet traditions, and tip each other for their online witticisms. As is often the case, though, the line between irony and sincerity eventually became so blurred that what was originally supposed to be a worthless currency was valued at as much as $2 billion a few days ago...

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