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Published On: Mon, Nov 13th, 2017

Four Ridiculous Alternatives to Bitcoin

Bitcoin is a form of digital currency that is gaining in popularity. It has become a popular investment option, and people even spend it like real money. But, once something catches on, others try and get in on the action.

Bitcoin
Image/CASASCIUS

There are actually quite a few alternatives to Bitcoin. Some of the most popular include:

 

  • Ethereum: This programmable blockchain provides developers with more possibilities for building apps and technologies than Bitcoin.
  • Ripple: This form of cryptocurrency is quite popular because it provides its users with secure, instant, and almost free global transactions in any size without any chargebacks.
  • New Economy Movement (NEM): It encourages users to spend their coins, not just invest in them as digital gold.

 

  • Litecoin: Coming on the scene not long after Bitcoin, Litecoin was coined as digital silver to Bitcoin’s digital gold.

More coins come on the scene nearly every day, but not all of them are as effective as these. Some coins are a tongue-and-cheek response to the cryptocurrency market. Here are a few of them.

1. Dogecoin

Have you seen the meme with the Shiba Inu? It’s usually called the Doge meme. There are literally hundreds of iterations of this cute and silly meme, and many of them have gone viral.

The creators of Dogecoin took advantage of this funny meme.

It was initially created as a joke, but so many people liked the idea that it actually hit a market cap of $130 million. But, that doesn’t mean it’s useful.

2. WhopperCoin

Love eating at Burger King? Well, you might want to invest in WhopperCoin.

Released by Burger King Russia, there’s no question that cryptocurrency has entered the mainstream. For each ruble spent, customers would receive a WhopperCoin. Collect 1,700 and you can get a free burger.

3. Putin Coin

China may be the biggest user and investor of cryptocurrency, but Russia seems to be enamored with the concept. Not only did they come up with WhopperCoin, Putin Coin was created with Russia’s leader in mind.

What is it for? We’re not entirely sure, but it has managed to hit a market cap of $2.5 million.

4. Coinye

Cryptocurrency creators’ humor doesn’t stop at memes and Russian presidents. It extends to other famous faces as well. That’s the case with Coinye.

This is a true parody coin that was styled after none other than Kanye West. He wasn’t too happy about it. He filed a cease-and desist in 2014.

The coin is still around though. The coin’s developers solved the problem by creating and even more outrageous logo for the coin, making it even more popular than it was before.

Whether these coins will be worth anything long-term, only the future will tell. But one thing is for certain—the world of cryptocurrency is full of people with a sense of humor.

Try purchasing one of these coins just for fun. At the very least, you can joke about your digital money. And who knows—it could be worth something in the future, if only hypothetically.

Author: Carmelo Hannity

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

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