Dogecoin Creator Billy Markus Tells the Community the Specific Code to Change to Get Rid of the Inflation, before Politely Asking the Community to Stop Bothering Him About It

There's long been consternation in the Dogecoin community over the coin's inflationary tokenomics — billions of DOGE are added to the circulating supply every year

Dogecoin creator Billy Markus shared the specific code to change to get rid of the coin’s inflation, before asking the community to stop bothering him about it.

However, public sector efficiency consultant and emerging comic book-style super-villain Elon Musk said he sees Dogecoin’s flat inflation rate as a ‘feature’.

Markus responded saying that he thinks the rate of inflation is ideal for something intended to be used as a currency.

There’s long been consternation in the Dogecoin community over the coin’s inflationary tokenomics — billions of DOGE are added to the circulating supply every year, potentially suppressing price. Apparently sick of hearing all this consternation, Markus took to X / Twitter yesterday to tell the community the specific code to change to get rid of the inflation, before politely asking the community to stop bothering him about it.

btw if you want to remove the inflation of dogecoin, the code is in https://t.co/mJYRmq4vjw

line 146, return 10000 * COIN;

you can change it right there, make a pull request, convince the community and miners to use the new version

now stop fucking bothering me about it

Mr. Efficiency himself, Musk, then weighed in, characterising inflation as beneficial:

This is good actually

Something intended for transactions (vs store of value) should have inflation

Markus responded:

Yeah I think the current dogecoin inflation is good for something that’s intended to be used as a currency.

Something intended to be used as a store of value should not have inflation.

Investment guru and entrepreneur, Mark ‘Cubes’ Cuban, has also previously shared his thoughts on Dogecoin’s tokenomics, posting on Twitter in 2021 that the inflationary model keeps the price low, allowing DOGE to remain accessible to regular people and encouraging them to spend rather than hold it:

Any asset that has inflation by definition is “infinite” nut that doesn’t diminish it. It changes the utility from store of value to potentially a digital currency.

It’s the fact that they create 5b a yr that keeps the per coin price low, which makes it more accessible

Since Trump’s re-election last week the price of DOGE has soared, according to CoinGecko it’s almost tripled in price from just over US$0.14 on November 5 to US$0.42 on November 12. The announcement of the Department of Government Efficiency (DoGE) to be run by Musk and Vivek Ramaswamy has played a part in this pump.