Dogecoin itself is a satire, and the purpose of its establishment.
It is precisely to prove that cryptocurrency is a scam through Dogecoin, until Bitcoin and the entire crypto space is ended.
The founder of Dogecoin believes that the Bitcoin invented by Satoshi Nakamoto seriously undermines everyone's intelligence.
Therefore, when designing Dogecoin, it was created entirely in contrast to Bitcoin.
Deliberately going against the investment logic of the crypto space.
As a result, all the most absurd designs combined together have cleverly become an unprecedented masterpiece!
This made Dogecoin one of the strongest cryptocurrencies besides Bitcoin and the most likely to bring cryptocurrency into every household!
What mistakes did the founder of Dogecoin make that led to the complete failure of his conspiracy to destroy the crypto space?
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1. Dogecoin has no upper limit on its total supply.
Bitcoin locks its total supply at 21 million coins to ensure deflation and continuous value increase.
To annoy Bitcoin, Dogecoin not only has no upper limit on its total supply, but its initial issuance was as high as 100 billion coins.
As a result, due to its large total supply and low individual coin price, it is easier to circulate and use.
A single Bitcoin costs over $100,000, while an average person can only buy 0.00001 of it.
Dogecoin has a low price, allowing users to buy thousands of coins easily, making it more suitable for retail investors.
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2. Dogecoin has a fixed annual increase of 5 billion coins.
In order to maintain its rarity, Bitcoin halves its mining rewards every four years until the total supply of 21 million coins is fully mined. In contrast, Dogecoin increases its supply by 5 billion coins every year to annoy Bitcoin, indicating that Dogecoin is not rare and can be mined at any time.
As a result, the annual increase of 5 billion coins initially constituted 5% of the total supply, but now only accounts for 3%. In a few more years, the increase ratio will continue to diminish, and all Dogecoin outputs require mining machines and substantial electricity costs, leading to low selling pressure. Even reasonable inflation will more easily attract a large number of miners and retail investors to participate.
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3. The founder of Bitcoin has never sold a single Bitcoin.
And the founder of Dogecoin sold all of his holdings.
Satoshi Nakamoto's wallet contains over 1 million Bitcoins but has never sold a single one.
In order to prove that Dogecoin is worthless, the founder sold all his Dogecoins ten years ago, thinking this would dishearten investors. Unexpectedly, the founder's departure allowed Dogecoin to truly achieve decentralization.
Dogecoin has officially transitioned from a manipulated cryptocurrency to a currency without an owner, a truly decentralized cryptocurrency!
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Bitcoin's market value now rivals that of gold, with extremely high transfer gas fees, making it no longer suitable for everyday use and no longer a decentralized project that ordinary people can participate in.
The crypto space cannot have only one Bitcoin; Dogecoin, with its low market value, high popularity, reasonable gas fees, and high degree of decentralization, generated through mining, is the cryptocurrency truly suitable for entering every household!