noun | dȯj - kȯin â A cryptocurrency, originally created by computer programmers Billy Marus and Jackson Palmer, to parody other cryptocurrencies. The Dogecoin, with the ticker symbol of âDOGE,â features a Shiba Inu dog, from the âDogeâ Internet meme, as its logo. Dogecoin differs from most other cryptocurrencies in that it is inflationary, rather than deflationary. Deflationary cryptocurrencies, such as Bitcoin, have a hard cap on the number of coins to be produced. An inflationary currency, such as Dogecoin, may allot for perpetual production (i.e., Dogecoin production is capped at about five billion coins per year). Critics argue that inflationary cryptocurrencies destroy value, due to perceived unlimited supply, whereas proponents believe inflationary cryptocurrencies have better long-term utility â as it discourages factors such as hoarding â and provides a predictable and steady currency supply. Elon Musk had Tweeted that Dogecoin might be considered his âfavorite cryptocurrencyâ and agreed that a âMars economy will run on crypto.â
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noun | dȯj - kȯin â A cryptocurrency, created by computer programmers Billy Marus and Jackson Palmer in 2013, to parody other cryptocurrencies. The Dogecoin, with the ticker symbol of âDOGE,â features a Shiba Inu dog, from the âDogeâ Internet meme, as its logo. Dogecoin differs from most other cryptocurrencies in that it is inflationary, rather than deflationary. Deflationary cryptocurrencies, such as Bitcoin, have a hard cap on the number of coins to be produced. An inflationary currency, such as Dogecoin, may allot for perpetual production (i.e. Dogecoin production is capped at about five billion coins per year). Critics argue that inflationary cryptocurrencies destroy value, due to a perceived unlimited supply, whereas proponents believe inflationary cryptocurrencies have better long-term utility â as it discourages factors such as hoarding â and provides a predictable and steady currency supply. Elon Musk had Tweeted that Dogecoin might be considered his âfavorite cryptocurrencyâ and agreed that a âMars economy will run on crypto.â
Bro, Dogecoin is going to eventually be worth something or nothing.
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