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Features

Comedy gold: the economics of internet irony

The economics of internet irony

22 May 2021

9:00 AM

22 May 2021

9:00 AM

If you’re looking for proof we live in a computer simulation, consider the farcical story of dogecoin. Named after an internet meme about a talking dog, the joke currency was created as a parody of bitcoin. Dogecoin has no practical uses, yet online investors have ploughed billions into it. ‘We thought it would just make the viral rounds on social media,’ said founder Jackson Palmer.

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