$DOGE holders, pay attention!
Recently, one of the founders of Dogecoin, Billy Markus, made a bold statement that Dogecoin is going to become 'precious', which has caused a stir in the cryptocurrency world. As die-hard fans of Dogecoin, we need to discuss this matter.
What does 'precious' mean? It means becoming rare and valuable. So how can Dogecoin become precious?
Billy Markus said that it's not difficult; it just requires a few steps:
First, we need those coding experts to make adjustments in GitHub, the programmer's base, so that Dogecoin can be reduced, thus becoming more precious.
Secondly, the friends in the community and those mining have to nod in agreement. Because Dogecoin is something everyone plays together, everyone must think the changes are good for new rules to be established.
So, what is the current situation of Dogecoin? Currently, there are about 146.78 billion Dogecoins, and 5 billion new ones will be added every year. Although the annual increase is fixed, in relation to the total amount of Dogecoin, this increase ratio will become smaller and smaller.
It's like a large swimming pool, the water keeps increasing, but the amount of water added each year becomes a smaller proportion of the entire pool. This is different from Bitcoin, which has a total supply limit, like a large cake that, once cut, is gone.
But Dogecoin, in theory, can keep increasing indefinitely, like an endless buffet.
However, Billy Markus also mentioned that the rules of Bitcoin are not unchangeable; if everyone is willing, they can be changed. This indicates that these blockchain matters are very flexible and not rigid. He also said that the design of Dogecoin may be more reliable than the money issued by governments in the future.
To summarize, Billy Markus came up with a way to make Dogecoin scarce, no longer increasing new coins so 'generously' as it does now. Whether this method will succeed depends on whether the community and miners agree. If successful, Dogecoin may become more valuable, so let's wait and see!
The next strategic direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where a tenfold increase is not a problem.
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