Elon Musk recently defended the inflation rate of Dogecoin (DOGE) on social media, emphasizing that its 'steady inflation is a feature, not a flaw.' This viewpoint responds to a tweet by Dogecoin co-founder Billy Markus regarding adjustments to Dogecoin's tokenomics. Markus raised the controversy of the inflation model while exploring how to modify Dogecoin's economic model.
Unlike Bitcoin or Ethereum, which have limited supply, Dogecoin adds 10,000 new coins every minute, leading to a continuous increase in its total supply, while the relative value of individual coins gradually dilutes over time. Markus is considering adjusting this economic model through developer voting, but this proposal has sparked considerable debate.
Musk has clearly expressed his support for the existing inflation mechanism, viewing it as a core characteristic of Dogecoin. He has been an active advocate for Dogecoin and has repeatedly voiced support for it on social media. Musk has even collaborated with Dogecoin developers to explore its potential as a means of actual payment.
This indicates that, despite Dogecoin's inflation model being different from other cryptocurrencies, Musk believes this design actually grants Dogecoin the potential for stable growth rather than being a disadvantage.
As for whether 'Musk-themed puppies can become the next Shib on the Ether chain,' it will depend on market acceptance and future developments. Investors should remain cautious and closely monitor and conduct in-depth research on such emerging assets. 82391971492034629358630232241874423024765774