The deflationary plan for Dogecoin has made a stunning debut, and the future is full of infinite possibilities.
Recently, Dogecoin co-founder Billy Markus's revelations on the X platform were like dropping a "bombshell" in the cryptocurrency field, instantly sparking widespread discussion across the internet.
Since its inception on December 8, 2013, Dogecoin has been a star in the meme coin world and has garnered significant attention. Its creation was inspired by a Shiba Inu that became popular on the internet, and it was initially used primarily for tipping on the American social news forum Reddit. Dogecoin is based on the Scrypt algorithm and aims to achieve faster transaction speeds and more convenient micro-payment methods. However, its total supply is unlimited, and the mechanism of issuing 5 billion new coins each year has led to ongoing debates about its value in the market.
However, Billy Markus's recent revelation brings new possibilities for Dogecoin's future development. He stated that simply submitting a request on GitHub and persuading the community and miners to adopt a new version could easily achieve deflation for Dogecoin. As of now, the total market supply of Dogecoin has reached 146.78 billion coins. Although 5 billion new coins are still issued annually, it is noteworthy that its inflation rate is decreasing year by year.
In response to external doubts about Dogecoin's unlimited supply, Billy Markus cleverly compared Dogecoin with Bitcoin. He pointed out that the two only differ in slight parameters, and even suggested that Bitcoin's total supply could also be adjusted to 21 million coins based on community and miner consensus. He emphasized the core role of the community in determining the token's inflation status, noting that as an open-source PoW cryptocurrency, Dogecoin's fate has always been in the hands of miners and the community.
After Billy Markus's revelation, Dogecoin's loyal supporter Elon Musk quickly voiced his support. Musk stated, "The stable inflation of Dogecoin is its unique charm, not a flaw." He also pointed out that Dogecoin's inflation rate will gradually decrease over time, and its monetary performance even surpasses that of the US dollar. Musk has deep ties with Dogecoin; since recognizing Dogecoin in 2019, he has repeatedly used his influence to promote it on platforms such as Twitter. Particularly, his appointment as head of the Department of Government Efficiency (D.O.G.E) by Trump in November 2024, with the department's name coinciding with Dogecoin's code name, has been seen as further evidence of his indirect promotion of this meme coin.
If Dogecoin can truly achieve deflation, the dream of financial freedom for many holders may no longer be distant. After all, Elon Musk's influence in the cryptocurrency market is well recognized; his words and actions can stir market dynamics and have repeatedly become the trigger points for bull markets. In the future, if he continues to promote new concepts related to Dogecoin, it may indeed give rise to the next explosive coin, and the future of Dogecoin is filled with infinite imagination and expectation.
The Shiro community is continuously growing, and a surge is imminent.
In the bustling cryptocurrency market, the Shiro community has also demonstrated a thriving development trend. The number of participants in meetings has increased from just over 100 initially to over 400 now, and the foundation of the community is steadily advancing. This is just the beginning, as there are still many diamond hands yet to enter the market. Once these forces fully participate, the Shiro community is expected to experience an unstoppable surge, making its development prospects promising.#晒交易赢奖励$BTC $ETH #BNB纳入不丹GMC加密战略储备
