[The founder of Dogecoin chose Bitcoin instead of DOGE]
Dogecoin (DOGE) co-founder Billy Markus, also known as Shibetoshi Nakamoto, recently expressed his preference in the ongoing debate between Dogecoin and Bitcoin (BTC). When asked whether he would choose DOGE or BTC, Markus responded that he would rather own a Bitcoin.
This preference is not surprising considering that BTC is currently priced at $65,800, while DOGE is just $0.13. However, evaluating Dogecoin based on price alone misses some of its unique advantages. While Bitcoin is widely known for its market dominance, utility, and acceptance, DOGE has its own characteristics that make it competitive in some ways.
First, Dogecoin transactions are generally faster and have lower fees than Bitcoin. This efficiency makes DOGE more suitable for daily transactions and micropayments. Additionally, Dogecoin has a vibrant and friendly community that successfully utilizes the cryptocurrency for charity and online tipping.
Secondly, Dogecoin’s inflationary supply model also sets it apart. Unlike BTC’s capped supply of 21 million, Dogecoin produces 5 billion new coins every year. This constant supply encourages spending and circulation, making it a more practical option for everyday use.
Additionally, Dogecoin’s brand recognition and cultural appeal have bolstered its popularity. Originating as an internet meme, DOGE gained widespread recognition and appeal to a wide audience, especially those who might find Bitcoin's financial seriousness too intimidating.
In summary, while Billy Markus would rather own Bitcoin, Dogecoin’s unique advantages in transaction speed, fees, community, and cultural appeal make it competitive in certain industries.
