Dogecoin co-founder shocks with revelation: deflation plan may reshape DOGE's future
Recently, Dogecoin co-founder Billy Markus released significant news on the X platform, revealing Dogecoin's deflationary plan, sparking heated discussions in the market.
Since its launch in 2013, Dogecoin has been a star in the meme coin arena. Although its total supply has no upper limit and 5 billion new coins are issued annually, this mechanism has repeatedly raised questions about its long-term value. However, Billy Markus recently proposed a bold idea: "Just submit a request on GitHub and seek support from the community and miners, and DOGE can achieve deflation."
Currently, Dogecoin's total market value has reached 146.78 billion, and although there are still 5 billion new coins issued every year, its inflation rate has surprisingly been declining year by year. Billy further pointed out that Dogecoin's design is actually very similar to Bitcoin's, with the main differences being in just a few parameters. He even mentioned that Bitcoin's total supply can also be adjusted to 21 million through community and miner consensus. He emphasized that as an open-source PoW cryptocurrency, Dogecoin's fate is in the hands of miners and the community, and the state of inflation can be determined collectively by them.
Billy's revelation quickly garnered support from Elon Musk, who publicly stated: "The steady inflation of Dogecoin is its unique charm, not a flaw." He added that over time, Dogecoin's inflation rate would gradually decrease, and its monetary performance would surpass the stability of the dollar. Notably, Musk was recently appointed by Trump as the head of the "Department of Government Efficiency (D.O.G.E)"; this coincidence with DOGE undoubtedly provides him with momentum to further promote Dogecoin.
If Dogecoin can indeed achieve deflation, holders may welcome the opportunity for financial freedom.
Little benefit: Recently I have been laying out a potential coin, aiming for at least a double start, with expected growth possibly exceeding 10 times. If you want to follow along, you might want to pay attention to Marvin on the Ethereum chain.
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