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All Things Alt: A Dogecoin Wedding, Ire Over Isracoin and Crypto Commodities Go Wild

Relaxing after a long week in the alternative digital currency world? If so, it’s time to kick back, count your coins and remember that we’re all here to have fun.


California offers much weddings for dogecoin


dogecoin wedding


While the list of places where you can spend your bitcoin is steadily growing, there aren’t nearly as many locations that will accept the less than one-year-old digital currency dogecoin.


However, dogecoin lovers have gained a new service that will take their dogecoins as payment — a marriage service based out of Los Angeles County in California. Long2Wed has been accepting both bitcoin and dogecoin for just over a month, offering confidential marriage licenses and marriage ceremony facilitation.


CoinDesk spoke with officiant Anthony Matthews, who said that he uses the Android mobile app to accept payments in digital currency. He voiced excitement over the prospect of being the first marriage officiant to accept dogecoin, saying:


“[Dogecoin] is an interesting social experiment, and integral part of the whole cryptocurrency theme.”


He explained that the type of marriage licensure and officiation he offers is similar to traditional marriage licenses without some of the bureaucratic hassles involved. In a way, Long2Wed is a decentralized wedding solution that appropriately integrates digital currency.


Matthews added that he believes his wedding services would cost about 500,000 dogecoins, and that he has not had a bitcoin or dogecoin customer.


Those in the dogecoin community looking for a destination wedding might want to factor this interesting service into their plans. Given the high costs of actually holding a wedding, this could be a fun and innovative way to pay for the event.


Unique asset backs new altcoin uro


urocoin


A number of alternative cryptocurrencies have emerged in the past year that seek to back a proposed coin with a physical commodity. In most cases, the underlying asset is a (declared) supply of precious metals like gold or even a publicly acknowledged bitcoin mining hashrate.


Uro, a new altcoin, is moving in an unusual direction by backing up its currency with urea, a globally used fertilizer known for its nitrogen-rich properties.


According to the official Bitcoin Talk forum post, the project has reportedly attracted the interest of several institutional urea traders who will help peg the coin by a 1:1 ratio with each uro supported by a metric tonne of urea.


The uro development team was unavailable for immediate comment. However, according to the forum post, the next phase of the project involves creating an exchange for trading uros and urea. The proposal calls for providing computers to urea producers to help facilitate digital commerce.


The project’s management released a working draft this week for a proposed trade organization that would facilitate activity among urea producers and traders. Still, it remains to be seen how this proposal will result in a urea-based economic system.


Criticism mounts for isracoin


israecoin


Since the advent of auroracoin, a country coin developed specifically for distribution in Iceland, a number of similar projects have emerged promising greater financial independence for the citizens of their target nations.


In the case of isracoin, the country in question is Israel. Its airdrop has already begun with a completed business community phase, and will continue next to everyday citizens, beginning on 3rd June, according to a post on Bitcoin Talk.


The altcoin has reportedly engendered a great deal of controversy.


As reported in The Marker, a Hebrew-language newspaper, feelings are decidedly mixed about isracoin, with some fearing that the project could be used to defraud Israeli citizens. Others see it as a viable, regional-scale alternative to bitcoin.


A point of contention is the Israeli government, which has not weighed in on the altcoin yet. Previously, regulators in the country have adopted a wait-and-see approach toward digital currency, although the bitcoin community remains robust there. On the other hand, a Februray release from a group of Israeli financial regulators suggests that the country could ultimately take a sterner stance on digital currencies.


Another criticism was the large price bubble that formed in the isracoin market. After achieving an $112m market cap, according to CoinMarketCap.com, the altcoin has since slid to an estimated market cap of just under $4m.


With its airdrop still under way, isracoin could stand to make an impact in Israel’s digital currency scene should it overcome these problems of perception.


Strange alt of the week


opeccoin


Last month on All Things Alt, we looked at embargocoin, an altcoin that involved a proposed economic model that dictated how the mining cycle would progress. In the case of that project, so-called “trade barriers” resulted in longer-than-normal transaction times to simulate an economy under stress.


A new project called OPECcoin (sign: OPC) seeks to peg the value of its currency to the amount of oil produced worldwide each day. It takes its inspiration from the Organization of Petroleum Exporting Countries (OPEC), a global trade group composed of the world’s major oil powers.


Ultimately, the plan is for 1 OPECcoin to be worth a single barrel of oil, and for member-countries to adopt the altcoin as means of payment. At press time, the price of Brent crude oil was roughly $108 per barrel, according to Oil-Price.net.


For this unusual value peg and effort to shift multibillion-dollar oil economies to an altcoin-based system, OPECcoin has earned this week’s Strange Alt of the Week award.


OPECcoin is a proof-of-work/proof-of-stake hybrid. It utilizes the X13 mining algorithm, with a roughly 30 million-coin max supply and five-block processing time, according to its official Bitcoin Talk post.


Notably, OPECcoin deploys a unique mining schedule with phases that reflect the different member countries. After 200 blocks with zero rewards, the following stage released what were deemed “Libya blocks”. After that, “Iraqi”, “Iranian” and “UAE blocks” were deployed. Before the proof-of-work phase ends, miners will work through the network’s “Saudi blocks”.


Each phase offers different reward amounts. For example, a Libya block sports 220 OPECcoins while the Saudi blocks will offer an expected 9,400 OPECcoins.


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DogecoinAll Things AltOPECAltcoinsNewsOther Public Protocols
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Higgins","slug":"stan-higgins","email":"stan@coindesk.com"}],"media":{"type":"image","images":{"id":93724,"alt":"screen-shot-2014-06-06-at-5-58-52-pm","source":"","url":"","mime":"image/png","full":{"src":"https://static.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.58.52-PM.png","width":1181,"height":812},"desktop":{"src":"https://static.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.58.52-PM-710x458.png","width":710,"height":458},"mobile":{"src":"https://static.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.58.52-PM-345x222.png","width":345,"height":222},"mobile@2x":{"src":"https://static.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.58.52-PM-690x444.png","width":690,"height":444},"mobile@3x":{"src":"https://static.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.58.52-PM-1035x666.png","width":1035,"height":666}}},"tags":[{"name":"Dogecoin","slug":"/tag/dogecoin-news","href":"/tag/[tag]"},{"name":"All Things Alt","slug":"/tag/all-things-alt","href":"/tag/[tag]"},{"name":"OPEC","slug":"/tag/opec","href":"/tag/[tag]"},{"name":"Altcoins","slug":"/tag/altcoins","href":"/tag/[tag]"},{"name":"News","slug":"/tag/news","href":"/tag/[tag]"},{"name":"Other Public Protocols","slug":"/tag/other-public-protocols","href":"/tag/[tag]"}],"primaryTag":{"name":"Dogecoin","slug":"/tag/dogecoin-news","href":"/tag/[tag]"},"body":"\u003cp\u003eRelaxing after a long week in the alternative digital currency world? If so, it’s time to kick back, count your coins and remember that we’re all here to have fun.\u003c/p\u003e\n\u003ch2\u003eCalifornia offers much weddings for dogecoin\u003c/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png\"\u003e\u003cimg class=\"aligncenter wp-image-93694\" alt=\"dogecoin wedding\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png\" width=\"796\" height=\"590\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png 995w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-768x570.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-158x117.png 158w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-728x540.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-780x579.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-107x79.png 107w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-348x258.png 348w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-202x150.png 202w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-350x260.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-419x311.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-270x200.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-394x292.png 394w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-181x134.png 181w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-512x380.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-345x256.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-690x512.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-775x575.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-380x282.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-285x211.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-570x423.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-855x634.png 855w\" sizes=\"(max-width: 796px) 100vw, 796px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eWhile the list of places where you can spend your bitcoin is steadily growing, there aren’t nearly as many locations that will accept the less than one-year-old digital currency dogecoin.\u003c/p\u003e\n\u003cp\u003eHowever, dogecoin lovers have gained a new service that will take their dogecoins as payment — a marriage service based out of Los Angeles County in California. \u003ca href=\"http://long2wed.com/pay-long2wed-with-bitcoin/\" target=\"_blank\"\u003eLong2Wed\u003c/a\u003e has been accepting both bitcoin and dogecoin for just over a month, offering confidential marriage licenses and marriage ceremony facilitation.\u003c/p\u003e\n\u003cp\u003eCoinDesk spoke with officiant Anthony Matthews, who said that he uses the Android mobile app to accept payments in digital currency. He voiced excitement over the prospect of being the first marriage officiant to accept dogecoin, saying:\u003c/p\u003e\n\u003cblockquote\u003e\u003cp\u003e\u0026#8220;[Dogecoin] is an interesting social experiment, and integral part of the whole cryptocurrency theme.\u0026#8221;\u003c/p\u003e\u003c/blockquote\u003e\n\u003cp\u003eHe explained that the type of marriage licensure and officiation he offers is similar to traditional marriage licenses without some of the bureaucratic hassles involved. In a way, Long2Wed is a decentralized wedding solution that appropriately integrates digital currency.\u003c/p\u003e\n\u003cp\u003eMatthews added that he believes his wedding services would cost about 500,000 dogecoins, and that he has not had a bitcoin or dogecoin customer.\u003c/p\u003e\n\u003cp\u003eThose in the dogecoin community looking for a destination wedding might want to factor this interesting service into their plans. Given the high costs of actually holding a wedding, this could be a fun and innovative way to pay for the event.\u003c/p\u003e\n\u003ch2\u003eUnique asset backs new altcoin uro\u003c/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png\"\u003e\u003cimg class=\"aligncenter wp-image-93698\" alt=\"urocoin\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png\" width=\"762\" height=\"582\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png 953w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-768x586.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-153x117.png 153w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-728x555.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-780x595.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-104x79.png 104w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-341x260.png 341w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-197x150.png 197w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-350x267.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-419x320.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-270x206.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-383x292.png 383w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-262x200.png 262w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-176x134.png 176w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-300x230.png 300w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-512x391.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-345x263.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-690x526.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-775x591.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-380x290.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-285x217.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-570x435.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-855x652.png 855w\" sizes=\"(max-width: 762px) 100vw, 762px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eA number of alternative cryptocurrencies have emerged in the past year that seek to back a proposed coin with a physical commodity. In most cases, the underlying asset is a (declared) supply of precious metals like gold or even a publicly acknowledged bitcoin mining hashrate.\u003c/p\u003e\n\u003cp\u003eUro, a new altcoin, is moving in an unusual direction by backing up its currency with urea, a globally used fertilizer known for its nitrogen-rich properties.\u003c/p\u003e\n\u003cp\u003eAccording to the official \u003ca href=\"https://bitcointalk.org/index.php?topic=600639.0\" target=\"_blank\"\u003eBitcoin Talk\u003c/a\u003e forum post, the project has reportedly attracted the interest of several institutional urea traders who will help peg the coin by a 1:1 ratio with each uro supported by a metric tonne of urea.\u003c/p\u003e\n\u003cp\u003eThe uro development team was unavailable for immediate comment. However, according to the forum post, the next phase of the project involves creating an exchange for trading uros and urea. The proposal calls for providing computers to urea producers to help facilitate digital commerce.\u003c/p\u003e\n\u003cp\u003eThe project’s management released a working draft this week for a proposed trade organization that would facilitate activity among urea producers and traders. Still, it remains to be seen how this proposal will result in a urea-based economic system.\u003c/p\u003e\n\u003ch2\u003eCriticism mounts for isracoin\u003c/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM.png\"\u003e\u003cimg class=\"aligncenter wp-image-93700\" alt=\"israecoin\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM.png\" width=\"525\" height=\"374\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM.png 656w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-164x117.png 164w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-90x64.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-111x79.png 111w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-348x248.png 348w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-210x150.png 210w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-350x250.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-419x299.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-270x193.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-409x292.png 409w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-280x200.png 280w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-188x134.png 188w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-512x365.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-345x246.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-380x271.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-285x203.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.40.38-PM-570x407.png 570w\" sizes=\"(max-width: 525px) 100vw, 525px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eSince the advent of auroracoin, a country coin developed specifically for distribution in Iceland, a number of similar projects have emerged promising greater financial independence for the citizens of their target nations.\u003c/p\u003e\n\u003cp\u003eIn the case of \u003ca href=\"http://www.isracoin.org/\" target=\"_blank\"\u003eisracoin\u003c/a\u003e, the country in question is Israel. Its airdrop has already begun with a completed business community phase, and will continue next to everyday citizens, beginning on 3rd June, according to a post on \u003ca href=\"https://bitcointalk.org/index.php?topic=529409.msg7110649#msg7110649\" target=\"_blank\"\u003eBitcoin Talk\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eThe altcoin has reportedly engendered a great deal of controversy.\u003c/p\u003e\n\u003cp\u003eAs reported in \u003ca href=\"http://www.themarker.com/wallstreet/1.2341445\" target=\"_blank\"\u003eThe Marker\u003c/a\u003e, a Hebrew-language newspaper, feelings are decidedly mixed about isracoin, with some fearing that the project could be used to defraud Israeli citizens. Others see it as a viable, regional-scale alternative to bitcoin.\u003c/p\u003e\n\u003cp\u003eA point of contention is the Israeli government, which has not weighed in on the altcoin yet. Previously, regulators in the country have adopted a wait-and-see approach toward digital currency, although the bitcoin \u003ca href=\"/israel-can-become-ground-zero-bitcoin/\" target=\"_blank\"\u003ecommunity remains robust there\u003c/a\u003e. On the other hand, a Februray release from a group of Israeli financial regulators suggests that the country could ultimately take a \u003ca href=\"/israeli-regulators-issue-joint-warning-cryptocurrencies/\" target=\"_blank\"\u003esterner stance\u003c/a\u003e on digital currencies.\u003c/p\u003e\n\u003cp\u003eAnother criticism was the large price bubble that formed in the isracoin market. After achieving an $112m market cap, according to \u003ca href=\"https://coinmarketcap.com/isr_180.html\" target=\"_blank\"\u003eCoinMarketCap.com\u003c/a\u003e, the altcoin has since slid to an estimated market cap of just under $4m.\u003c/p\u003e\n\u003cp\u003eWith its airdrop still under way, isracoin could stand to make an impact in Israel’s digital currency scene should it overcome these problems of perception.\u003c/p\u003e\n\u003ch2\u003eStrange alt of the week\u003c/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM.png\"\u003e\u003cimg class=\"aligncenter wp-image-93704\" alt=\"opeccoin\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM.png\" width=\"518\" height=\"493\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM.png 648w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-123x117.png 123w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-72x68.png 72w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-83x79.png 83w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-274x260.png 274w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-100x95.png 100w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-158x150.png 158w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-350x333.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-419x398.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-263x250.png 263w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-307x292.png 307w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-210x200.png 210w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-141x134.png 141w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-512x487.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-345x328.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-380x361.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-285x271.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.44.22-PM-570x542.png 570w\" sizes=\"(max-width: 518px) 100vw, 518px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eLast month on \u003ca href=\"/all-things-alt-quarks-shaq-cess-blackcoins-pr-pivot-and-dogecoins-victory-lap/\" target=\"_blank\"\u003eAll Things Alt\u003c/a\u003e, we looked at embargocoin, an altcoin that involved a proposed economic model that dictated how the mining cycle would progress. In the case of that project, so-called “trade barriers” resulted in longer-than-normal transaction times to simulate an economy under stress.\u003c/p\u003e\n\u003cp\u003eA new project called \u003ca href=\"http://opec.pw/\" target=\"_blank\"\u003eOPECcoin\u003c/a\u003e (sign: OPC) seeks to peg the value of its currency to the amount of oil produced worldwide each day. It takes its inspiration from the Organization of Petroleum Exporting Countries (OPEC), a global trade group composed of the world’s major oil powers.\u003c/p\u003e\n\u003cp\u003eUltimately, the plan is for 1 OPECcoin to be worth a single barrel of oil, and for member-countries to adopt the altcoin as means of payment. At press time, the price of Brent crude oil was roughly $108 per barrel, according to \u003ca href=\"http://www.oil-price.net/\" target=\"_blank\"\u003eOil-Price.net\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eFor this unusual value peg and effort to shift multibillion-dollar oil economies to an altcoin-based system, OPECcoin has earned this week’s Strange Alt of the Week award.\u003c/p\u003e\n\u003cp\u003eOPECcoin is a proof-of-work/proof-of-stake hybrid. It utilizes the X13 mining algorithm, with a roughly 30 million-coin max supply and five-block processing time, according to its official \u003ca href=\"https://bitcointalk.org/index.php?topic=633593.0\" target=\"_blank\"\u003eBitcoin Talk\u003c/a\u003e post.\u003c/p\u003e\n\u003cp\u003eNotably, OPECcoin deploys a unique mining schedule with phases that reflect the different member countries. After 200 blocks with zero rewards, the following stage released what were deemed “Libya blocks”. After that, “Iraqi”, “Iranian” and “UAE blocks” were deployed. Before the proof-of-work phase ends, miners will work through the network’s “Saudi blocks”.\u003c/p\u003e\n\u003cp\u003eEach phase offers different reward amounts. For example, a Libya block sports 220 OPECcoins while the Saudi blocks will offer an expected 9,400 OPECcoins.\u003c/p\u003e\n","amp":"\u003cp\u003eRelaxing after a long week in the alternative digital currency world? If so, it’s time to kick back, count your coins and remember that we’re all here to have fun.\u003c/p\u003e\n\u003ch2\u003eCalifornia offers much weddings for dogecoin\u003c/h2\u003e\n\u003cp class=\"amp-wp-cdd8ca0\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png\"\u003e\u003camp-img class=\"aligncenter wp-image-93694 amp-wp-enforced-sizes\" alt=\"dogecoin wedding\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png\" width=\"796\" height=\"590\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png 995w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-768x570.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-158x117.png 158w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-728x540.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-780x579.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-107x79.png 107w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-348x258.png 348w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-202x150.png 202w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-350x260.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-419x311.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-270x200.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-394x292.png 394w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-181x134.png 181w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-512x380.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-345x256.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-690x512.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-775x575.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-380x282.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-285x211.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-570x423.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-855x634.png 855w\" layout=\"intrinsic\"\u003e\u003cnoscript\u003e\u003cimg class=\"aligncenter wp-image-93694\" alt=\"dogecoin wedding\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png\" width=\"796\" height=\"590\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM.png 995w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-768x570.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-158x117.png 158w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-728x540.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-780x579.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-107x79.png 107w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-348x258.png 348w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-202x150.png 202w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-350x260.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-419x311.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-270x200.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-394x292.png 394w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-181x134.png 181w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-512x380.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-345x256.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-690x512.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-775x575.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-380x282.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-285x211.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-570x423.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.34.00-PM-855x634.png 855w\" sizes=\"(max-width: 796px) 100vw, 796px\"\u003e\u003c/noscript\u003e\u003c/amp-img\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eWhile the list of places where you can spend your bitcoin is steadily growing, there aren’t nearly as many locations that will accept the less than one-year-old digital currency dogecoin.\u003c/p\u003e\n\u003cp\u003eHowever, dogecoin lovers have gained a new service that will take their dogecoins as payment — a marriage service based out of Los Angeles County in California. \u003ca href=\"http://long2wed.com/pay-long2wed-with-bitcoin/\" target=\"_blank\"\u003eLong2Wed\u003c/a\u003e has been accepting both bitcoin and dogecoin for just over a month, offering confidential marriage licenses and marriage ceremony facilitation.\u003c/p\u003e\n\u003cp\u003eCoinDesk spoke with officiant Anthony Matthews, who said that he uses the Android mobile app to accept payments in digital currency. He voiced excitement over the prospect of being the first marriage officiant to accept dogecoin, saying:\u003c/p\u003e\n\u003cblockquote\u003e\u003cp\u003e“[Dogecoin] is an interesting social experiment, and integral part of the whole cryptocurrency theme.”\u003c/p\u003e\u003c/blockquote\u003e\n\u003cp\u003eHe explained that the type of marriage licensure and officiation he offers is similar to traditional marriage licenses without some of the bureaucratic hassles involved. In a way, Long2Wed is a decentralized wedding solution that appropriately integrates digital currency.\u003c/p\u003e\n\u003cp\u003eMatthews added that he believes his wedding services would cost about 500,000 dogecoins, and that he has not had a bitcoin or dogecoin customer.\u003c/p\u003e\n\u003cp\u003eThose in the dogecoin community looking for a destination wedding might want to factor this interesting service into their plans. Given the high costs of actually holding a wedding, this could be a fun and innovative way to pay for the event.\u003c/p\u003e\n\u003ch2\u003eUnique asset backs new altcoin uro\u003c/h2\u003e\n\u003cp class=\"amp-wp-cdd8ca0\"\u003e\u003ca href=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png\"\u003e\u003camp-img class=\"aligncenter wp-image-93698 amp-wp-enforced-sizes\" alt=\"urocoin\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png\" width=\"762\" height=\"582\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png 953w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-768x586.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-153x117.png 153w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-728x555.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-780x595.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-104x79.png 104w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-341x260.png 341w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-197x150.png 197w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-350x267.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-419x320.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-270x206.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-383x292.png 383w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-262x200.png 262w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-176x134.png 176w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-300x230.png 300w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-512x391.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-345x263.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-690x526.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-775x591.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-380x290.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-285x217.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-570x435.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-855x652.png 855w\" layout=\"intrinsic\"\u003e\u003cnoscript\u003e\u003cimg class=\"aligncenter wp-image-93698\" alt=\"urocoin\" src=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png\" width=\"762\" height=\"582\" srcset=\"https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM.png 953w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-768x586.png 768w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-153x117.png 153w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-728x555.png 728w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-780x595.png 780w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-90x68.png 90w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-104x79.png 104w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-341x260.png 341w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-197x150.png 197w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-350x267.png 350w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-419x320.png 419w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-270x206.png 270w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-383x292.png 383w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-262x200.png 262w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-176x134.png 176w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-300x230.png 300w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-512x391.png 512w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-345x263.png 345w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-690x526.png 690w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-775x591.png 775w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-380x290.png 380w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-285x217.png 285w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-570x435.png 570w, https://www.coindesk.com/wp-content/uploads/2014/06/Screen-Shot-2014-06-06-at-5.38.47-PM-855x652.png 855w\" sizes=\"(max-width: 762px) 100vw, 762px\"\u003e\u003c/noscript\u003e\u003c/amp-img\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eA number of alternative cryptocurrencies have emerged in the past year that seek to back a proposed coin with a physical commodity. In most cases, the underlying asset is a (declared) supply of precious metals like gold or even a publicly acknowledged bitcoin mining hashrate.\u003c/p\u003e\n\u003cp\u003eUro, a new altcoin, is moving in an unusual direction by backing up its currency with urea, a globally used fertilizer known for its nitrogen-rich properties.\u003c/p\u003e\n\u003cp\u003eAccording to the official \u003ca href=\"https://bitcointalk.org/index.php?topic=600639.0\" target=\"_blank\"\u003eBitcoi

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