In Biz: Much House, Very Space, Plz Send Dogecoin

By Emily Overholt, Staff Writer
@EmilyOverholt

When is a joke dead? Is it when U.S. Health and Human Services tweets it?

doge tweet

Is it when GOP senators use it? Or is it when you can sell your house for a joke currency?

Yep. Coinye might be dead, Bitcoin might be mainstream, but a man in Wisconsin is selling his home for 100 million Dogecoins.

Based on the popular internet meme “Doge,” featuring a photo of a shiba inu and comic sans commentary, 1,000 Dogecoins amount to 97 cents. According to CNN, Matt Thompson should get $135,000 as long as the exchange rate holds steady.

And while holding the little used crypto-currency may seem like a bad idea to most of us, Thompson told CNN he thinks he can use it in his videogame and electronic resale business. Since he imports his wares from Asian markets online, he is likely to be able to put his Dogecoins to good use if he gets an offer.

If this sounds like a marketing plan (I mean, what could be more viral that doge?), you’re right. Thompson decided to accept the coins after his home had been on the market for three months with no offers, according to CNN.

The crypto-currency market is picking up, no longer only used by the deep web and Silk Road. Dogecoins in particular are popular among Reddit users. Not surprising since the online forum also made the meme popular. According to CNN, 100,000 users trade Dogecoins.

Still, I think I’d rather have a house on the market than a pocket full of much coin.

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