Dogecoin's Deflationary Big Reveal: The Path to Freedom for Holders?

Dogecoin co-founder Billy Markus recently revealed a bombshell on the X platform about how to achieve DOGE's deflation! This proposal adds more imagination to the future of Dogecoin.

Current Status of Dogecoin:

Total Supply: Currently, there are 146.78 billion DOGE in the market.

Annual Increase: An annual fixed increase of 5 billion DOGE, but as the total supply increases, the inflation rate decreases year by year.

Comparison with Bitcoin:

The protocols of DOGE and BTC are similar, only differing in inflation rates.

If miners and the community agree, Bitcoin can also change its supply limit.

Ways to Achieve DOGE Deflation:

Billy stated that it only takes three steps:

Submit a proposal (pull request) on GitHub.

Convince the community and miners to support the new code version.

Once the new version is adopted, the DOGE deflation mechanism will be realized.

Elon Musk's View:

Musk believes that DOGE's **“smooth inflation” is a feature, not a flaw**.

He pointed out that the inflation rate of DOGE decreases year by year, and its monetary performance even surpasses that of the US dollar.

It is worth mentioning that Musk was recently appointed as the head of the Department of Government Efficiency (D.O.G.E), a name that is clearly a clever tribute to Dogecoin.

Market Prospects:

Potential Observation: If the DOGE community promotes deflation, it will significantly impact its value, benefiting long-term holders immensely.

Musk Concepts: Focus on projects related to Musk on the Ethereum chain, such as puppies, which could become the next hot topic.

Conclusion:

The Dogecoin deflation plan will give it a stronger value storage potential, and Musk's continued support undoubtedly brings more attention to it. If deflation is realized, the financial freedom of Dogecoin holders may no longer be far away! #doge⚡