Big things are coming! Big things are coming!!
Attention, people who hold $DOGE!
Billy Markus, the founder of DOGE, recently made a big move. He proposed an idea.
It can make DOGE change from "flooding" to "withdrawing", that is, to achieve deflation, so that the value of DOGE may usher in a big surge! ! !
Everyone knows that the issuance of DOGE, a MEME coin, is not capped. It is fixed to increase the issuance of 5 billion coins every year. In the long run, this is not a good thing for its value. But Musk directly posted a GitHub code on social media, saying that it can make DOGE say goodbye to inflation. This method is not difficult. Whoever wants DOGE to "withdraw" can submit a code modification application and then persuade the community and miners to use the new version together.
Now the total issuance of DOGE has exceeded 146.78 billion coins. Although the annual increase of 5 billion coins sounds scary, the inflation rate is actually declining year by year compared to the total plate.
Musk's move is actually a response to those who criticize DOGE for unlimited "flooding". He also compared DOGE and BTC, saying that there is no difference between the two except for a few different parameters. What he meant by this is that if the community and miners are willing, the issuance of BTC can also increase, but BTC will be mined out by 2140, and the inflation rate of DOGE will be lower and lower.
He emphasized in another post that DOGE is open source, the community is the boss, and miners listen to the community.
Interestingly, Musk also joined in the fun, saying that DOGE's stable inflation is actually its feature, not a disadvantage.
Moreover, DOGE's inflation rate is getting lower and lower, stable and controllable. As a currency, it is much better than the US dollar. Musk said this after he was appointed by Trump as the head of the Government Efficiency Department.
