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The Assorted Teachings of Dogecoin – The New York Times

Created as a cryptocurrency parody in 2013, Dogecoin languished for years. Then, in 2021, it went absolutely wild. What have its holders learned?



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Richard Lenz, a 31-year-old project manager for a hazardous waste removal company in North Ridgeville, Ohio, bought his Dogecoin in March 2014, after a subreddit for NASCAR fans banded together to sponsor the driver Josh Wise using cryptocurrency. (Mr. Wise ended up racing in a Doge-wrapped car.)
Within a year I was done, he said. This was like, literally, just a joke.
Then, a couple months ago, Mr. Lenz started seeing headlines about Dogecoins price surging. He also started getting nervous: He…

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