$DOGE holders, listen up!
Recently, one of the founders of Dogecoin, Billy Markus, dropped a big news on a platform, saying that Dogecoin is going to become 'scarce'. This has caused quite a stir in the cryptocurrency circle. 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 said, actually, it’s not difficult; just a few steps need to be taken:
First, the big shots who write code need to take action and change a setting on GitHub, the programmers’ home base, so that Dogecoin can become scarce.
Second, the community members and mining friends need to nod in agreement. After all, Dogecoin is something everyone plays with, and everyone needs to think the changes are good for new rules to be established.
Let’s take a look at the current situation of Dogecoin. Right now, 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, relative to the total amount of Dogecoin, this increase will gradually become smaller. This is different from Bitcoin, which has a total supply limit, like a big cake that’s gone once it’s cut up. However, Dogecoin, in theory, can keep increasing indefinitely, like an all-you-can-eat buffet that never runs out.
However, Billy Markus also mentioned that the rules for Bitcoin can be changed if everyone is willing to do so. This shows that these blockchain things are very flexible and not set in stone. He also said that the design of Dogecoin might be more reliable in the future than the money issued by governments.
To summarize, Billy Markus came 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 mining friends agree. If it succeeds, Dogecoin might become more precious, and we’ll just have to wait and see!
Recently, I plan to ambush a potential coin that is ready to explode, doubling is quite simple, and I’m also preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to follow along, leave a message, follow, like, and join the group.
