Several points I appreciate about Dogecoin:
1. POW mechanism. The issued tokens are fair and just, miners maintain the price, and the degree of dispersion is high.
2. High degree of decentralization. 1. The founder has left; 2. Token dispersion also reflects a high degree of decentralization.
3. Strong consensus. Musk's endorsements and support attract significant attention, and the influx of new participants and capital can further disperse the coin.
4. A more robust and stable issuance mechanism.
Dogecoin: 100 billion in the first year, inflation rate in the 21st year: 50/2000=2.5%; inflation rate in the 41st year: 50/3000=1.67%; inflation rate in the 61st year: 50/4000=1.25%; inflation rate in the 81st year: 50/5000=1%; inflation rate in the 141st year: 50/8000=0.625%; inflation rate in the 181st year: 50/10000=0.5%;... Decreasing year by year, gently declining, approaching 0 infinitely.
Bitcoin: Halved every 4 years, 2.625 million coins in the first year, inflation rate in the 5th year: 131.25/1050=12.5%; inflation rate in the 9th year: 65.625/1575=4.1%; inflation rate in the 13th year: 32.8/1837.5=1.78%; inflation rate in the 17th year: 16.4/1968.5=0.8%; inflation rate in the 21st year: 8.2/2034=0.4%........... The inflation rate declines rapidly.
Fiat currency: From 1932 to 2019, the GDP growth rate in the UK was 2.5%, but the M2 growth rate was 8%, far exceeding the GDP growth rate. The same situation applies to the US, where from 1934 to 2019, the annualized GDP growth rate was 3.7%, but the M2 growth rate was 7.4%. Other countries have even higher rates, such as Turkey, Argentina, Venezuela, etc.
In summary, the moderate and stable inflation rate of Dogecoin in the later stages is more favorable for the stability of its price, the miners, the mining machine ecosystem, the application ecosystem, etc., which is far below the inflation rate of fiat currency, and the issuance mechanism is excellent.
5. Slow culture. An annual increase of 5 billion, steadily decreasing and moderate inflation rate, destined to make Dogecoin a slow culture, a steady stream.