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Dogecoin for Jamaican Bobsled Team

On Sunday, the two-man bobsled team of Winston Watt and Marvin Dixon, representing Jamaica, qualified for the Olympics. That's all well and good, but being good enough doesn't mean they can afford the trip. But a group of internet supporters stepped in to help.

One of them was Liam Butler, who runs the Dogecoin foundation along with the currency's initial creators Jackson Palmer and Billy Markus. Dogecoin is a crypto-currency, based on a combination of bitcoin, the popular digital money, and Doge, the internet meme that superimposes broken English written in Comic Sans onto pictures of Shiba Inu dogs.

"As someone who grew up in the 90's, Cool Runnings was the ultimate feel good movie about underdogs out of their element achieving their dreams," Butler told the Guardian. "When I was about 7 years old, my best friend and I had a billy-cart that his dad built. When we would start our run down his driveway, we would shout out the catchphrase from the movie: 'Feel the rhythm, feel the rhyme, get on up, it's bobsled time!'"

On Monday in Sydney, where he lives, Butler launched Dogesled, aiming to raise some of the money required to send Watt and Dixon to Sochi. "We started without a concrete plan in mind," Butler says. "I sent a few emails out… but that was the extent of it."

The campaign raised 26 million Dogecoins. Trading was so heavy that the currency actually rose in value during the fundraiser! The result is that the foundation has the equivalent of $25,000 for the bobsled team, which should get them to Sochi.  -via Daily of the Day

(Image credit: Shitty Watercolour)


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