Joke Cryptocurrency Dogecoin Now Has a 2 Billion Market Cap

first_img You can point to the incredibly volatile pricing of today’s top cryptocurrencies as proof that they are, at a minimum, an incredibly risky investment. And you can get an even better idea of the state of the market by looking at the strange success of one unlikely currency: Dogecoin. Yes, that’s the cryptocurrency that’s named after the incredibly popular Shiba Inu dog meme that took off in 2013. Originally created as a joke, Dogecoin now sits at a market capitalization of over $2 billion.Dogecoin was trading at just around $0.0021 a coin around the beginning of December. And it appears to have been wrapped up in all the “Bitcoin Mania” over the past month, which includes all the companies that put the word “blockchain” in their names and watched their stock prices soar. As of today, Dogecoin trades for around $0.018 a coin — a 757-percent increase.”I haven’t held a substantial amount of Dogecoin since early-2015 so the market cap doesn’t mean a lot to me,” writes Jackson Palmer, Dogecoin’s creator. “It does however act as my barometer for crypto mania and speculation. I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B+ market cap.”Palmer says he’s concerned that all the talk surrounding the valuation of different cryptocurrencies — focused on their potential as investments — is taking too much attention from the technology that powers them.”As a result, we’re seeing even highly centralized assets such as Ripple achieve extremely high valuations, despite their lack of technological innovation and misalignment with the original vision of Bitcoin,” he writes.Are we in a bubble, though? According to Palmer, the answer seems pretty obvious: yes. Unfortunately, it’s a lot trickier to time when this bubble might burst, if it does. And should that happen, Palmer says that he hopes negative reactions to the considerable amount of money that might be lost don’t ruin the mainstream appeal of digital currency, nor stifle research and innovation in the space.To that point, even Dogecoin’s developers are willing to offer a little financial device via their Twitter account: Don’t borrow money to trade Dogecoin (or any cryptocurrency). 3 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global This story originally appeared on PCMag Register Now » January 8, 2018 Growing a business sometimes requires thinking outside the box.last_img read more

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Do You Need to Learn to Code

first_img Opinions expressed by Entrepreneur contributors are their own. Register Now » November 26, 2018 My employees, students, advisees and investees have all asked me the question, “Do I need to learn to code?” My basic answer is, “Yes. And you’re going to love it!”Also, it’s important. As famed innovator Marc Andreessen put it: “The spread of computers and the internet will put jobs in two categories: people who tell computers what to do, and people who are told by computers what to do.”Related: Why Your Next Hire Should Be a Coding School GraduateTo be one of those people telling computers what to do, you don’t need to be a career coder. Innovation skills like figuring out what software might do for a customer that’s valuable and how the user should experience your software remain extremely important. That said, you want to make sure you have the creative confidence to be intimately involved in the process of software creation.My advice is to start by practicing with something small and relevant to your line of work. It won’t be hard, but it will take some energy and endurance. Other than becoming a career coder, here are three good reasons you might want to learn how to code along with suggestions on how to get started:1. Change web page content on your own without tapping someone on the shoulder.Yes, great idea! Honestly, in my opinion not being able to work with HTML and CSS (code for creating web pages) is equivalent to being illiterate. I know that sounds stark, but the good news is that this problem is easily solved.Codeacademy has terrific online courses in subject like HTML and CSSthat are totally free. For best results, pair tutorials with a project you can work on, so you can apply skills immediately.When learning to code, it’s more about creative confidence and the ability to figure things out that’s key.2. Present your ideas with prototypes instead of PowerPoints.Good on you! You’ll be much more convincing and engaged with a prototype. This isn’t separate from the above item, but it will involve use of design to figure out what you want to build and a programming language like Javascript or Python.For this, you’ll need to chart your own path. I recommend starting out with a clear objective, so you don’t get lost in the details. Classes that offer design-driven case studies, supporting materials and starter code you can use are beneficial because they show how modern software relates to actual development.Related: Google Launches a Game to Teach Adults How to Code3. Be a better collaborator to the engineers/developers you work with.Yes! Many groups inside companies like Google require that product managers, for example, have a STEM undergraduate degree. These groups have found that it’s a reliable way to make sure they can engage with their collaborators in development.Learning to code will give you intuition about what it is to move from design to code, what’s hard when and why, as well as a sense of what level of detail your collaborators need from you on a particular item.These are all good places to start and having a specific project in mind will allow you to start small.Additionally, here are three bad, or misguided, reasons you might want to learn how to code, along with suggestions about what to do instead:1. Give your developers instructions on how to code in order to work better/faster.No one likes to be told how to do their job. However, they do like to know what constitutes success and the more you can clearly show how what your team is building will be valuable to the user, the better.The punchline here is that for more than 90 percent of the cases I’ve seen, the product/businessperson needs to better test and validate what’s valuable to the user and translate that into development-friendly inputs like storyboards and user stories.For learning how to do that testing and provide those great inputs, I recommend a balanced approach to both designing and coding. Make sure you stay focused on a specific design outcome while you’re coding.Related: Today’s Shortage in Code Development Presents Entrepreneurs With a Massive Opportunity2. Dispute estimates with your collaborators in development.Basically, it’s best to assume your developers know what they’re doing, have good intent and to focus on what you need to do to get them great inputs. If you’re still unsure about that, talk with a development manager or development lead to get some additional perspective.3. Build an app.Great idea! Maybe. You should use tools like design thinking to learn about your customer and the “lean startup” concept to test your idea. Then getting the goodwill and capital to build your software will be a lot easier. Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 5 min readlast_img read more

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