7 votes

SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year

1 comment

  1. skybrian
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    From the article: (So no, it's not going to the moon. Probably. Maybe by next year they're figure something out?) Matt Levine has commentary:

    From the article:

    DOGE-1 will fly a 40 kilogram cube satellite as a payload on a Falcon 9 rocket, with Geometric Energy Corporation saying its payload “will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”

    (So no, it's not going to the moon. Probably. Maybe by next year they're figure something out?)

    Matt Levine has commentary:

    I have to say, I really admire this trade; this is how you do postmodern finance. I think the trade is:

    1. Accumulate a bunch of Dogecoins.
    2. Go to Elon Musk and say “hey would you accept payment in Dogecoins to do a Dogecoin stunt?”
    3. Elon Musk is like “sure, I love Dogecoins, and stunts.”
    4. You pay him some Dogecoins to launch some stuff into space.
    5. You and he both announce that SpaceX is accepting Dogecoin for payment for a rocket payload that has something to do with the moon.
    6. “Look: SpaceX is accepting Dogecoin! Institutional adoption! Dogecoin is a useful currency! There are applications! Dogecoin will be the official currency of space travel! It will be widely adopted throughout the galaxy! If you are traveling to Mars you will need to convert some dollars into Dogecoin!” You know, that sort of thing.
    7. The value of your remaining stash of Dogecoins goes up a lot.
    2 votes