Dogecoin Developers Speak on Coinbase

Dogecoin, the well-known meme currency that has been ‘endorsed’ by many crypto figures as well as pop culture icons like Tesla's Elon Musk. Last year, Dogecoin experienced both good and bad times. One of the highlights was the listing it received on one of the biggest cryptocurrency platforms out there, Binance.

Speaking to blokt near the end of 2019, two core developers on the project spoke on Dogecoin and whether a listing on Coinbase is likely to go-ahead following the wallet app for the platform being made last May.

“We’ve gone through the Coinbase listing documents, and they require a lot of structure we don’t have, so at the moment, it’s not on our roadmap. It’s an unfortunate situation that despite cryptocurrencies being designed to be decentralized, being an actually decentralized project seems to confuse a lot of companies in the space.

That said, it would be great to see Dogecoin listed, and if we can help Coinbase with this, I’d love to hear from them. Obviously, Dogecoin is in the Coinbase Wallet app, and I’m hoping that’s a good sign.”

The developers continue, saying:

“Dogecoin has a fixed inflation rate of 5.256 billion newly created coins each year. What are your thoughts on this, as many cryptocurrencies are promoted as being deflationary?

I know there’s a vocal group that dislikes this, but to me, this is fundamentally core to Dogecoin. I think many people miss that we’re not founders, and Dogecoin had no pre-mine, so the current developers have had no better opportunity than anyone else to stockpile. What I mean is if we were in this to make money, it would be much easier to work on a cryptocurrency that already has a profit model, than try reinventing Dogecoin.”

It will be interesting to see how this plays out and whether we will see a listing for the meme currency at some point in 2020. For more news on this and other crypto updates, keep it with CryptoDaily!