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People who look down on Dogecoin — 99% of the time, they blame it on “infinite issuance.” But you’re really getting it wrong.
Many people dismiss $DOGE for one reason: infinite issuance — 5 billion coins a year, never fully mined, and an unsolved inflation problem.
But have you thought about this: fiat currency is the real infinite issuance. The Federal Reserve can print as much as it wants, and no one is out there calling the dollar garbage.
Meanwhile, Dogecoin’s issuance rate is declining year by year. It’s a fixed 5 billion coins every year. As the total supply keeps getting bigger, the inflation rate keeps getting lower. In a few more years, Dogecoin’s annual inflation rate will be below 1%, even lower than the gold mining rate.
What’s more, SpaceX is about to go public. Musk has written DOGE into his business map — Starship, X Payments, and the Government Efficiency Department. Which step doesn’t involve DOGE?
A miner mines one Litecoin and, as a byproduct, also produces DOGE. This is a “physical” win-win, not infinite debasement.
Unlimited growth isn’t scary. What’s scary is that your understanding is stuck in 2014.
On June 12, when SpaceX goes public, let’s see who still brings up “infinite” then.