Co-founder Reveals DOGE Deflation Secret!
Billy Markus, the co-founder of Dogecoin, recently dropped a big bomb on the X platform! He revealed how to make the infinite supply of DOGE become deflationary, which is a groundbreaking message! 💥
As the leader of meme coins, Dogecoin's total supply was originally a "bottomless pit," with a fixed issuance of 5 billion new coins each year, raising concerns about its value prospects. But Billy says, want to make DOGE deflationary? Simple! Just post a pull request on GitHub and persuade the community and miners to upgrade to a new version! This can make Dogecoin rarer and more valuable, mainly fearing that the community might disagree.
Currently, there are 146.78 billion DOGE in circulation in the market, and although 5 billion new coins are added each year, the inflation rate is actually continuously decreasing! Billy also compared DOGE to Bitcoin, saying they are quite similar, just with some parameter differences. In fact, if the community and miners agree, Dogecoin could have a total supply just like Bitcoin's 21 million!
Billy emphasized that Dogecoin is an open-source PoW cryptocurrency, and the community is the boss when it comes to deciding the token's inflation status! Miners must adhere to the code. And Elon Musk also joined in, stating that Dogecoin's stable inflation is actually a characteristic, stronger than the US dollar.