Moolah Founder Accidentally Donates 20 Million Dogecoin to Sponsor NASCAR Driver
Published on March 25, 2014 at 17:46 BST
The founder of Moolah, a cryptographic payment platform, yesterday donated too much moolah (sorry) to a dogecoin fundraising campaign.
Alex Green had intended to give 2 million dogecoin to support the reddit community’s effort to put a dogecoin car in NASCAR. By chance he typed an extra zero, raising the amount to 20 million dogecoin – or $15,000.
However, Green is standing by his generous donation and took to reddit to raise the stakes even higher:
Was meant to be 2M…. silly keyboard. I will stand by my mistake however! Anybody care to match me? The first person to match at least 10% will receive a hot pass to Talladega.
Josh Wise is the driver being sponsored by the campaign, he drives the No. 98 Chevrolet SS in the Sprint Cup Series. Until the dogecoin community stepped in, he didn’t have a sponsor.
It takes $55,000 to sponsor a car. If the Doge4Nascar campaign is able to raise the 67,500,000 dogecoin needed (which the donation page suggests it has) then they will wrap his car in doge design. There is also a paintjob contest being conducted on reddit to pick the best design.
The Doge4Nascar campaign made the disclaimer that if they couldn't raise the money needed for NASCAR, then the donations would go to another charity.
However, that won't be necessary; after Green's donation the fundraising effort reached 82% of its goal. The current total now stands at 100.47%.
It looks like Wise is going to be racing a Doge car and he seems to be quite keen about the prospect, too.
This isn’t the first time the dogecoin community has showed their support and generosity for a sporting team. In January, they raised $25,000 to help the Jamaican bobsleigh team attend the Winter Olypics in Sochi. The Jamaican team had qualified for the first time since 2002, but they did not have the funds to support themselves. Team pilot Winston Watt set up a PayPal account and sought crowdfunding. It was soon filled with 26 million dogecoin.
Green’s one-time donation for Wise is just 6 million dogecoin short of the entire Jamaican Olympics campaign.
While Green is standing by his error, he isn’t the first to accidentally enter one too many zeros while making a cryptocurrency transaction.
“The dumbest mistake you’ve made with bitcoin” thread on reddit is full of stories of folks who copy-pasted the wrong address or added one too many zeros at the end of their intended amount.
Even PayPal has been affected – accidentally adding $92 quadrillion to a man’s account last year (that’s more than the world’s annual GDP). However, unlike Green, they soon fixed their mistake.
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