One of the most misunderstood things about #DOGE is the belief that it has an infinite supply
There are about 120+ billion #Dogecoins in circulation
Each year, 5 billion new $DOGE are added to this supply
So #Dogecoin has an infinite supply ONLY over infinite time
(2/12)
There are about 120+ billion #Dogecoins in circulation
Each year, 5 billion new $DOGE are added to this supply
So #Dogecoin has an infinite supply ONLY over infinite time
(2/12)
This means that Dogecoin is a disinflationary currency
There is a decrease in the rate of inflation each year
What starts as a 5% inflation rate becomes 4.99%, which becomes 4.98%, etc, decreasing each year forever
The inflation rate becomes negligible over time
(3/12)
There is a decrease in the rate of inflation each year
What starts as a 5% inflation rate becomes 4.99%, which becomes 4.98%, etc, decreasing each year forever
The inflation rate becomes negligible over time
(3/12)
Some inflation is arguably a good thing
Dogecoin's pre-determined inflation rate encourages spending, accounts for lost coins, and helps keep the network secure
Here's @ElonMusk describing Dogecoin's inflation as not meaningfully impactful:
(4/12)
Dogecoin's pre-determined inflation rate encourages spending, accounts for lost coins, and helps keep the network secure
Here's @ElonMusk describing Dogecoin's inflation as not meaningfully impactful:
(4/12)
#Dogecoin works as a practical crypto for sending and receiving money online
Litecoin and Bitcoin Cash are similar, but they're deflationary, and Dogecoin has arguably better branding
Everyone loves dogs, memes, and community
You can't beat that branding
(8/12)
Litecoin and Bitcoin Cash are similar, but they're deflationary, and Dogecoin has arguably better branding
Everyone loves dogs, memes, and community
You can't beat that branding
(8/12)
If Bitcoin is Gold 2.0 and Ethereum is Oil 2.0, then we can think of Dogecoin as the US Dollar 2.0
We need a crypto with relatively cheap fees, fast transaction times, and durable security to be a decentralized solution to sending and receiving money online
(9/12)
We need a crypto with relatively cheap fees, fast transaction times, and durable security to be a decentralized solution to sending and receiving money online
(9/12)
I'm not telling anyone what to do with their money
I just like the coin
If you enjoyed this thread, be sure to retweet the top post to share it!
Also, consider following me for #Dogecoin news, updates, and analysis
(11/12)
I just like the coin
If you enjoyed this thread, be sure to retweet the top post to share it!
Also, consider following me for #Dogecoin news, updates, and analysis
(11/12)
I've written extensively about #Dogecoin in the past
You can read all of my articles and sign up for my #DOGE newsletter to stay in the loop by clicking below
Thanks for reading! Be safe! To the moon! 🚀 #DogecoinToTheMoon
(12/12) 👇 getrevue.co
You can read all of my articles and sign up for my #DOGE newsletter to stay in the loop by clicking below
Thanks for reading! Be safe! To the moon! 🚀 #DogecoinToTheMoon
(12/12) 👇 getrevue.co
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