🔥 🔥 Must read for Dogecoin holders! Musk firmly believes in the advantages of the inflation mechanism!
Recently, Elon Musk once again defended the inflation model of Dogecoin on the X platform, saying that this "stable inflation" is not a disadvantage, but a major advantage of Dogecoin. This statement responded to the proposal of Dogecoin co-founder Billy Marcus, who once proposed to adjust Dogecoin's inflation strategy through voting.
Dogecoin's unique inflation mechanism:
• Unlimited supply: Unlike Bitcoin (21 million coins) and Ethereum, Dogecoin adds 10,000 coins every minute, which means that the supply will continue to increase.
• Long-term impact: This stable inflation rate may lead to the gradual dilution of the value of a single coin, but it also provides a basis for its long-term growth.
Controversy and Musk's position:
• Community suggestion: Billy Marcus once proposed to adjust the inflation model through community voting to alleviate possible oversupply problems.
• Musk's support: Musk insists on the current design. He believes that "stable inflation" will help Dogecoin maintain stable growth in the long run instead of losing market balance.
He further emphasized that the stable supply makes Dogecoin more suitable as a daily payment tool and promotes the development of its application scenarios.
Market response and future prospects:
As a staunch supporter of Dogecoin, Musk has repeatedly used social platforms to promote the application of Dogecoin, and his support is still a key factor in promoting the development of the Dogecoin ecosystem. Although the inflation mechanism is controversial, Musk's influence undoubtedly adds more potential to the future of Dogecoin.
🧐 What do you think of the inflation mechanism of Dogecoin?
In addition, in addition to doge, babydoge, etc., Musk's series of dog coins also include pUPp!, eS on the Ethereum chain. Ambush in the primary market in advance, once it is on the secondary market, it will take off directly.
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