In a lengthy new interview with podcast host Lex Fridman, Musk says t
“Dogecoin, just somewhat randomly, has a fixed number of coins or hash strings that are generated every year. So, there’s some inflation, but it’s not a percentage at base. It’s a fixed number, so the percentage of inflation will necessarily decline over time. I’m not saying that it’s the ideal system for a currency, but I think it actually is just fundamentally better than anything else I’ve seen, just by accident.”
In Doge’s case, the number wasn’t fixed either. The first year had 20x higher block rewards.