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2024-11-13 23:03:26
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decryptmedia.com on Nostr: decryptmedia.com ✍️ Elon Musk defends Dogecoin's inflationary model, calling it a ...



✍️ Elon Musk defends Dogecoin's inflationary model, calling it a 'feature, not a bug', in a tweet exchange with Dogecoin co-founder Billy Markus.
👉 Dogecoin has an infinite supply limit with 10,000 new coins minted every minute
👉 The percentage of the total supply represented by the new coins gradually falls over time
👉 Elon Musk believes the flat inflation of Dogecoin is a 'feature, not a bug'
👉 Billy Markus agrees, saying it makes Dogecoin 'ideal for something intended as a currency'
👉 Mark Cuban, a billionaire entrepreneur, has also praised Dogecoin's tokenomics

#ElonMusk #BillyMarkus #MarkCuban #neutral #technology

https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/07/elon-musk-tesla-doge-dogecoin-gID_7.jpg@png
Elon Musk said Wednesday that Dogecoin's odd tokenomics actually work in the meme coin's favor, which one DOGE founder agreed with.
https://decrypt.co/291513/elon-musk-praises-dogecoin-inflation

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