Please read.....Clarity on #DogeCoin inflation, supply cap, & utility.

The USD (FIAT) is a centrally regulated currency that lacks a hard cap on its rate of inflation. The idea of "regulating" USD inflation by an authoritative body is more for "peace of mind" (1/22)

USD regulations only help manage the "perceived value" of the currency. For example, look at the attached chart showing USD supply...does the USD supply look like it has any REAL supply regulation to you?

But what about #dogecoin

(2/22)

#DogeCoin as a currency - operates a lot like a FIAT currency as it lacks an actual "hard cap." However, similar to the USD, #DOGE is also regulated. The difference is that $DOGE is regulated by the NETWORK & not politics or economic "experts" (3/22)

#DogeCoin has a network regulated supply inflation rate designed to increase its supply at an absolute set rate. This, in turn, is why #Doge is classified as inflationary & not deflationary like #btc , making $DOGE an ideal #crypto for REAL WORLD usage as a currency. (4/22)

On the other hand, #bitcoin is stuck being a deflationary asset, which means it is doubtful it could ever become a significant transactional currency (no matter how hard everyone has tried over the years).

What is the #dogecoin supply inflation rate?

(5/ 22)

The max supply inflation rate of #DogeCoin is currently 3.9% per year. The math:
- The current $DOGE in circulation is about 129 billion
- 3.9% inflation rate = Rate of increase in #DOGE, once mined, is at max 5 billion per year.

(6/22)

#DogeCoin has a STEADY network rate of inflation that is 100% guaranteed not to increase due to political factors nor economists with math equations they make up to fit their agendas lol (think quantitative easing).

(7/22)

The 3.9% inflation rate will slowly decrease over time (but will never reach precisely 0%). With that said, there will always be a growing number of lost #dogecoins due to lost keys or abandoned "dust."

(8/22)

"Does or Doesn't #DogeCoin have a cap?"

Yes & No - #doge does not have an absolute hard supply cap since it is structured to be different from #bitcoin .

It is also what makes $DOGE uniquely, well, amazing.

(9/22)

#dogecoin does indeed have a supply cap. Since new $DOGE enters the supply as a block reward for mining. Each #doge miner is regulated by the network to receive a max subsidy of 10k #doge per block. The miner cannot ever claim more than that.

(10/22)

Unlike FIAT, with no cap or reliable regulation on supply, the new supply of #doge is fixed indefinitely at 10K $DOGE per block. This gives us our 3.9% supply inflation rate in 2021, and every year it will decrease (yet will never reach 0%).

(11/22)

What is the "utility" of #Doge?
Since #DogeCoin is so damn unique, the "utility" of the coin is also MUCH more straightforward than others.

This has resulted in $DOGE being ignored for years by the vast majority of the crypto community.

(12/22)

I have a strong belief that most know and understand the utility of #doge & is part of why they want to suppress it.

#DogeCoin Utility = Actual Decentralize Useable Everyday CURRENCY

(13/22)

What needs to happen to increase the value of #dogecoin and reach the goal of becoming an actual currency?

Ultimately in the short term, we have to significantly increase the number of merchants who accept #doge (both online and offline).
(14/22)

Overall a successful #Doge future is dependent on a few things:
- Stability & market confidence
- Functionality and usability
- Secure transactions
- The ability to store value & enable the user to save without being punished.

(15/22)

Luckily, #DogeCoin creator @BillyM2k has already taken care of most of this for us. We just need to increase the adoption of the cute lil Shiba Inu $doge (both merchants and consumers).

$doge just WORKS.

(16/22)

Would it be nice if the whales slowly released some of their $doge? Maybe? Maybe not? As long as they don't pull the proverbial rug out from under us & crash the market, they may be helping to build the value of #doge by locking it up. (this is up for debate)
(17/22)

However, the 3.9% supply inflation rate also combats the negative effects & power that whales have over the value of #dogecoin.

(18/22)

Correct me if I'm wrong, @elonmusk & @BillyM2k, but I feel like this is why you can refer to #dogecoin as the people's currency/crypto.

The whales become smaller & diluted as new #dogecoins are mined into existence.

(19/22)

So when people say #DogeCoin is going to hurt the crypto space. They are 100% wrong, as #doge could very well be the catalyst that brings the utility of other legitimate #cryptos into a much more broadly understood phase of adoption.

(20/22)

If they would stop attacking #doge & listen to what we are saying...we could actually work together to make the entire #cryptocurrency ecosystem STRONGER & more widely adopted by everyone.
(21/22)

FYI - this is not a full technical breakdown. The purpose of this tweet is to hopefully provide those with little understanding of #doge SOME real information to counteract the BS the media is feeding everyone. **cheers** #Dogecoin

(22/22)

For more information on the technical side of #DogeCoin - here's the link to the "READ ME" in the #Doge Github repository https://github.com/dogecoin/dogecoin/blob/master/README.md