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Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, were reeling from China's decision to forbid Chinese banks from investing. A plan to create a digital dollar that focuses only on beating China risks overlooking the strengths that make the dollar so attractive today. Dogecoin has risen in recent weeks as long-time advocate Elon Musk hinted it may be used for payments in a revamp of the Twitter social media.