I know it was a hot commodity for a little while last summer. But I also read somewhere that it was completely inflationary. If I understand this right, it means that people's DOGE are getting less and less valuable over time. Is that right? What's the situation now? Why would anyone buy Doge at this point? Not trolling just curious to understand how an inflationary currency can be valuable.
Certainly inflation isn't always good but it's not a reason for a coin not to be successful.
In theory yes inflation will make it decrease in value because basic economics says that an excess in supply and the same demand will lead to this. However it's not always the case and you can look at bitcoin as an example of this, which is also inflationary.
A few days ago there was an announcement that a tiny country in Europe were going to adopt the currency and this created a hype which lead to a massive jump in value. The country is a bit of a joke though and really does nothing for doge but give it some news coverage.
I personally share no interest in Dogecoin and one of its key founders has also been noted to call it a 'joke' coin. Yet it continues to have a large market cap and loads of transactions compared to others which is where the majority of its value to investors is.
Before the jump many people would have considered it slowly dying, maybe in the short future it will go back to that.
In short I can't see it offering much practical use and its community (particularly key members) have been reluctant to welcome markets (e.g. gambling). Therefore for anything other than short-term investment speculation, I wouldn't want to touch it.
. But I think 0.00000001 BTC/doge it a bit too pessimistic today. 
