A common source of FUD surrounding Dogecoin is the claim that certain wallets holding a large percentage of the supply are owned by private investors or so-called “whales”. In reality, many of the top Dogecoin wallets are cold wallets or hot wallets controlled by exchanges and brokers, and they thus represent Dogecoin held in custody for thousands – or hundreds of thousands, even – of people.

Oh yes it does, and it always has! The simple fact is that money has utility – and Dogecoin is money! Indeed, Dogecoin is one of the few cryptocurrencies that has been used for this main purpose from day one.

Right now, and for the next hundred years or so, Dogecoin operates like, and will continue to operate like, most other crypto assets. “Capped” assets are nowhere near mined out – and will continue adding to their supply, just like Dogecoin, for the foreseeable future.

Dogecoin does not need coin burning marketing mechanisms that new tokens and other chains have attempted to implement to artificially inflate their prices. Simplez.

Oh, yes it does – and it always has!

Dogecoin’s primary purpose has always been to be used as a currency. Billy Markus, co-creator of Dogecoin with Jackson Palmer, acted as a solo developer for the first Dogecoin Core releases. In 2014, Billy and Jackson left Dogecoin development, and a new development team was formed. Over the years, the Dogecoin development team has consisted of a small group of maintainers coordinating the work of more than 40 contributors.