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DOGE holders, listen up!
Recently, one of the co-founders of Dogecoin, Billy Markus, posted a big message on a platform, saying that Dogecoin is going to be "scarce", which has caused a great stir in the cryptocurrency community. As fans of Dogecoin, we need to talk about this.
First, we need to know what "in demand" means, and how Dogecoin can become in demand. Billy Markus said, actually it's not difficult, just need to go through a few steps:
First, those big guys who code need to make some changes on GitHub, the programmer's stronghold, so that Dogecoin can become scarce.
Second, the community's buddies and mining friends have to agree. After all, Dogecoin is something we all play together, so everyone has to feel that the changes are good in order for new rules to be established.
Let's take another look at the current situation of DOGE. Currently, there are approximately 146.78 billion DOGE in total, and an additional 5 billion new ones will be added each year. Although the annual increase is fixed, the proportion of this increase relative to the total amount of DOGE will gradually decrease. This is different from Bitcoin, which has a total limit, like a big cake that's gone once it's cut. However, DOGE, theoretically, can continue to increase, like an endless buffet that can never be finished.
However, Billy Markus also said that the rules of Bitcoin can be changed if people are willing. This shows that these blockchain things are very flexible and not set in stone. He also said that the design of DOGE may be more reliable than the money issued by governments in the future.
To sum up, Billy Marcus has come up with a way to make Dogecoin rare and stop adding new coins as "generously" as he does now. Whether this method can succeed depends on whether the community and mining friends agree or not. If it succeeds, Dogecoin may become even more precious, so let's wait and see!
Anticipate and invest in potential coins, give likes and comments, don't forget to keep up with the rhythm, and make a fortune in this bull market! #DOGE