Holders of $DOGE , listen up!
Recently, one of the founders of Dogecoin, Billy Markus, made a big announcement on a platform, saying that Dogecoin is going to become 'scarce'. This has caused quite a stir in the cryptocurrency community. As fans of Dogecoin, we need to talk about this matter.
First, we need to understand what 'scarce' means and how Dogecoin can become scarce. Billy Markus mentioned that it's actually not difficult; it just requires a few steps:
First, those coding experts need to make some adjustments on GitHub, the programmer's base, so that Dogecoin can become scarce.
Second, the community members and miners need to nod in agreement. After all, Dogecoin is something we all participate in, and everyone needs to feel that the changes are good for the new rules to be established.
Now, let's take a look at the current situation of Dogecoin. Currently, there are about 146.78 billion Dogecoins in total, and 5 billion new ones will be added each year. Although the annual increase is fixed, the proportion of this increase relative to the total amount of Dogecoin will gradually decrease. This is different from Bitcoin, which has a total cap, like a large cake that, once cut, is gone. However, Dogecoin can theoretically keep increasing, like an endless buffet.
However, Billy Markus also mentioned that Bitcoin's rules are not set in stone and can be changed if everyone agrees. This indicates that blockchain things are very flexible and not immutable. He also said that the design of Dogecoin may become more reliable than the money issued by governments in the future.
In summary, Billy Markus has come up with a way to make Dogecoin rare, no longer increasing new coins as 'generously' as it does now. Whether this method will succeed depends on whether the community and miners agree. If it succeeds, Dogecoin could become more valuable, and we will just have to wait and see!
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