Dogecoin co-founder reveals: Deflation strategy sparks heated discussion!

Recently, Dogecoin co-founder Billy Markus revealed on the X platform that Dogecoin could potentially achieve deflation through community consensus, and this news quickly ignited the internet.

Dogecoin, as a star in the meme coin world, is known for its unlimited supply and a mechanism that issues 5 billion coins annually, but it has also faced significant scrutiny. Billy suggested that by initiating update requests on GitHub and persuading the community and miners, Dogecoin is expected to achieve deflation.

Although the total market supply of Dogecoin has reached 146.78 billion coins, and 5 billion coins are issued annually, its inflation rate is decreasing year by year. Billy used Bitcoin as an example to emphasize that the two differ only in minor parameters, and Bitcoin's total supply is also not absolutely fixed.

He further pointed out the key role of the community in deciding the token's inflation status. As an open-source PoW cryptocurrency, Dogecoin's fate is in the hands of miners and the community.

Subsequently, Elon Musk also expressed support, stating that Dogecoin's stable inflation is part of its charm, superior to the US dollar. Musk was recently appointed head of the Department of Government Efficiency (D.O.G.E), and the coincidence of the department's name with DOGE further promoted this meme coin.

If Dogecoin can truly achieve deflation, the dream of financial freedom for holders may come closer. This revelation adds infinite imagination to Dogecoin's future.

And belonging to Musk's concept of puppies, with a market value of 6 million, holding 16,000 coins, is worth ambushing! #币安MegadropSOLV #币安Alpha上新 #特朗普上台概念币有哪些？ #本周微策略是否继续增持BTC？ #比特币走势观察 $DOGE $PEPE $XRP