![\"Dogecoin](\"https:\/\/i-invdn-com.investing.com\/news\/LYNXMPED0415S_L.jpg\")
\n\u00a9 Reuters. Dogecoin Creator Complains About Community Community Proposals; Says No To Capping Or Burning<\/span>
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Billy Marcus \u2014 also known as Shibeoshi Nakamoto and famous for creating the world’s top memecoin (CRYPTO: DOGE) \u2014 complained about common community proposals of which he disapproved.<\/p>\n
What Happened: In a Sunday Twitter (NYSE:) thread, Marcus complained about three common inquiries that he often receives and does seemingly not appreciate.<\/p>\n
alternate:<\/p>\n
them: i have an idea that will make dogecoin go to a dollar and beyond<\/p>\n
me: is it burning the supply that i don\u2019t own and can\u2019t, and also capping the output and destroying the security of the coin<\/p>\n
them: no<\/p>\n
me: kay what is it<\/p>\n
them: burn doge and cap coin<\/p>\n
\u2014 Shibetoshi Nakamoto (@BillyM2k) February 20, 2022<\/p>\n<\/blockquote>\n
See Also: HOW HIGH CAN DOGECOIN (DOGE) GO?<\/p>\n
The first one of those inquiries is about creating what he describes as “a stupid token that doesn\u2019t solve a use case.”<\/p>\n
Another idea, apparently pushed by certain members of the Dogecoin community, is burning the coin’s supply and limiting its maximum supply.<\/p>\n
Marcus pointed out that he does not own the supply to burn, so he could not do it even if he tried, and that imposing a limit on Dogecoin’s issuance would result in “destroying the security of the coin.”<\/p>\n
Marcus’ comments follow his claim that Dogecoin is superior to (CRYPTO: SHIB) and (CRYPTO: BTC) \u2014 largely thanks to low transaction fees \u2014 and Tesla Inc. (: TSLA) CEO Elon Musk agreed with him.<\/p>\n
DOGE Price Action: As of press time, Dogecoin is trading at $0.138 after seeing its price increase by about 0.65% over the last 24 hou<\/p>\n
\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n