Elon Musk Says Dogecoin Flat Inflation is a Feature
Elon Musk has commented on Dogecoin (DOGE) inflation, saying that the currency’s flat inflation is a feature, not a bug. The asset has boomed in the past month thanks to Donald Trump’s US election win, as the President-elect says Elon Musk will join his staff. Musk will reportedly head the new Department of Government Efficiency, conveniently coined the “DOGE” department. JUST IN: Elon Musk says he thinks the flat, decreasing inflation of Dogecoin $DOGE is a feature, not a bug. — Watcher.Guru (@WatcherGuru) November 13, 2024 According to Elon Musk, the flat inflation of Dogecoin, which means decreasing percentage inflation, is supposed to appear. Musk responded to a tweet by Billy Markus, the creator of Dogecoin also known as Shibetoshi Nakamoto, where Markus explained how to remove the inflation of dogecoin. Agreeing with Musk that this was ideal for something like DOGE intended as a currency, Markus added Dogecoin will have “predictable inflation wi...