We’ve been proponents of the crypto-economy for a long time, from being the first ICANN registrar to accept Bitcoin as a payment, the first DNS provider to enable Ethereum Name Service (ENS) linking to .xyz domains, and we were keeping Bitcoin on our balance sheet before it was cool. We’re probably still the only tech company that has both crypto currencies and precious metals on our balance sheet. (I don’t mind looking crazy, but I rather do enjoy being solvent).
A few weeks ago, we announced we were adding DOGE as a payment method. We hoped this would be another of the crypto-themed japes we’ve pulled over the years, including such favourites as “Pay with Bitcoin or the Dog Gets It” and our now legendary doxxing of Satoshi Nakamoto. In other words, it was supposed to be a joke.
Since then we got a fair amount of social media lols, incessant @easydns on twitter, and more than a few people asking us how many retweets will it take to get easyDNS to add [ insert sh*tcoin ] support?”
The entire mania around Doge took a turn for the weird when Elon Musk decided to drop Bitcoin payments at Tesla for embarrassingly uninformed ideological reasons, and threw his weight fully behind Dogecoin (apparently he has been involved to one extent or another since 2019)
To mitigate any risk that our accepting Dogecoin even in some small way feeds into the misconception that Doge is some viable alternative to Bitcoin, we’ve dropped Doge support.
Since we announced it, we received exactly one payment in Dogecoin. That was from a lifetime customer of easyDNS who just did it to mess with our heads (thank you Tony, mission accomplished).
To contrast, we do receive other crypto payments every day, all day: Bitcoin, Ethereum and Litecoin. We have been doing this for years and as a tech infrastructure supplier watching this transaction flow helps us develop some sense for the pulse of a given crypto ecosystem.
Bitcoin and Ethereum are the real deal and they’re here to stay.
When we dropped Bitcoin Cash (after they fork-bombed themselves into irrelevance) and we replaced it with Litecoin, we immediately saw activity there too. Transactions started coming in for projects within the ecosystem and it became apparent very quickly that here was another crypto with legs.
These real cryptos will provide the tools and the means for ordinary citizens and forward thinking organizations to protect themselves in an era that will be defined by, and remembered for, staggering government incompetence and widespread institutional failure. Doge, by contrast, is a speculative joke and a memecoin. That’s it.
Nobody is using Doge other than to sell it to each other hoping for number-go-up. Anybody watching how Elon Musk conducts himself over the years will have few doubts that after number-go-up enough for him to perhaps book another phantasmagorical pro-forma “earnings” beat with one of his profitless companies, he’ll trash Doge too.
Like one of those SNL skits that goes on too long, far beyond the point where it stopped being funny (nearly all of them), the Doge joke isn’t funny anymore.
THEY pilled me like a dog!
It’s that Senator Apostate Joe’s campaign slogan?
Doge to the mooooon!
Mark, I understand your point of view, but you are missing the mark on this one. (Pun intended) Ask yourself this; who are your clientele, how tech savvy are they, and which cryptocurrency are they likely to be involved with. Second, ask yourself how likely to use your services is an average Dogecoin hodler. The fact that someone is purchasing your services probably means that they are likely to be tech savvy, and are much more likely to hodl BTC, ETH or LTC… Your average Dogecoin hodler probably couldn’t even find their own IP address, let alone use easyDNS services, correct? So, I’m not surprised you only had one purchase with Doge, as tech people aren’t the Dogecoin demographic. Also, with the current fees for BTC and ETH being outrageous, it really only makes sense to purchase services in excess of 1K with BTC or ETH, as the fees can be as much as a dinner for 2. However, if you wanted to buy your favourite teams jersey online, doggy daycare for your pet, or even order a pizza, the average person isn’t going to use BTC or ETH are they, but maybe Dogecoin…. In the future, digital transactions will be direct between consumer and service provider, just try to remember though, who are your clients and how are they likely to pay… What are they likely to hodl, that will be the digital currency of the masses…
Just another salty individual that didn’t get in on doge before the first hype. NoBoDy Is UsInG DoGe…. as companies by the droves accept doge coin for purchase of products….
I for one would love to use Dogecoin for easyDNS payments; I just hadn’t realized it was an option. Did I miss an email or memo??
Dogecoin has LOW FEES: The network fee for Dogecoin transactions is 1 DOGE per tx, plus 1 DOGE for each additional kB of tx data. Even if this whole “1DOGE=1USD” nonsense were to play out, Dogecoin network only requires 1 DOGE per tx for simple transactions. This is CHEAP as contrasted with BTC or ETH.
Dogechain mines blocks QUICKLY: BTC only mines one new block every 10 minutes and requires long delays in processing and confirmation. LTC is faster at 2.5min/block average time. Dogecoin by contrast is FAST at one block every 60 seconds on average. This means Dogecoin payments confirm on-chain faster than either BTC or LTC.
Dogecoin has infinite supply: This is a weird one worthy of protracted debate, but in the grand scale of time it means that the 10000 new DOGE generated with every new block becomes less and less in overall value over the lifetime of its blockchain. By contrast the limited supply of BTC and LTC mean that they will become scarce resources (which is intended) but Dogecoin will continue to be available because of its infinite supply cap.
I’ve paid easyDNS for domains in ETH and in BTC, and each time paid excessive network fees for my tx, and would prefer the fast confirmation time and low cost of using DOGE.
I’m disappointed by this FUD article and suggestions that nobody would use it. I am an IT professional of 20+ years and active Shibe in the Dogecoin community. This FUD will not stand! DOGE 4 LYFE! 😀
Please reconsider dropping Dogecoin as a payment option. If you do keep it available, I will continue to suggest your platform to my cryptocurrency friends!
What is easyDNS anyway if it is bot because of $DOGE I would never heard about easyDNS
Namecheap accepts doge, is cheaper, has better customer support and has performed better overall when compared to my short stint with easydns.
But I mean, people having better options couldn’t possibly be part of the reason that you only received 1 transaction in the 35 days you were accepting dogecoin.
As mentioned by another commenter, paying for anything with BTC or ETH that doesn’t exceed $1000 is just a poor decision with the exorbitant fees associated with the payment. I’m certainly not going to pay $50 for your service and then top that off with $20 just to send you the payment.
You went for the quick cash grab, didn’t get the influx you expected, and then proceeded to crap on a coin that’s more environmentally friendly, has lower transaction fees, and has done a great deal of good in the community. All things you’d know if you guys were a part of it instead of just trying to get that money.
re your the Doge joke isn’t funny anymore. click!
Whassa matter, Mark? Did you take a thrashing on Doge?
I cannot believe it was merely my $20+ CDN payment to EasyDNS that upset you so much! (lol)
re- a lifetime customer of easyDNS who just did it to mess with our heads
Now, now! You said you accepted it!
Next time I’ll pay you in ETH. And then watch it drop! 😉
OK- So I put $50 into doge a few years ago, just as a lark. and then noticed it wasn’t going anywhere. I forgot about it. Oh, Tony, you jerk! Win some, lose some.
Until….
OMG! What’s happening with Doggiecoin? It’s going crazy! So I quickly sucked out CDN $500 from it and let the rest ride.
Well.. I still have a few $hundred in it.. Actually.. more than a $thousand (excuse my giggling here!)
If it goes down to zero.. WTF do I care? Now In my 80th year I probably only have what? 10 years left?
Life is short. When you’re over 70! ROFL!
So don’t worry too much about cryptocurrencies, Mark . Just play them for fun.
Don’t ask about my BTC and ETH. (more giggling here) I just wish I’d bought them back when BTC was $15. But- I had a mortgage and a hydro bill to pay -h ey,I’ll buy a few BTC next month!. Back then, friends of course just laughed at my nerdy obsessions… (sigh)
Now.. which USB drive did I leave that wallet on??? OMG.. I forget!
So you’re saying you’re going to accept safemoon instead… ?
Hey, if Safemoon just goes to 0.001, that domain you bought with it will be worth $300,000.