BEAMSTART Logo

Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug'

Decrypt LogoDecrypt12h ago

Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug' - Decrypt

Quick Summary:

Elon Musk said Wednesday that Dogecoin's odd tokenomics actually work in the meme coin's favor, which one DOGE founder agreed with.

Unlike Bitcoin or Ethereum, Dogecoin—the sixth-biggest cryptocurrency with a market cap of $56 billion—has an infinite supply limit with 10,000 new coins minted every minute.

The asset’s developers exclusively told Decrypt in 2019 that they were working with Musk to make it a viable cryptocurrency for payments.


More Pictures

Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug' - Decrypt (Picture 1)

or

Article Details

Author / Journalist: Mathew Di Salvo

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:58:21 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23576864

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 11 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug'" has 498 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug'" was covered 12 hours ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 7 news stories per day.

It's most recent story was published 11 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23576864
  • URL: https://beamstart.com/news/elon-musk-praises-dogecoin-inflation-1731539086662

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.