Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
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Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#2"ummjackson" has appeared on HN before so perhaps they will comment here as to how dogecoin could ever exceed 1000 satoshi with this decision.
That is several new coins for every active person on the internet, every year.
Also, the blockchain might require terabytes after a decade.
ps. if you do show up, please clarify if it is going to be a zero to 10k reward which is a different situation, or actually 10k fixed per block
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#3"ummjackson" has appeared on HN before so perhaps they will comment here as to how dogecoin could ever exceed 1000 satoshi with this decision. That is several new coins for every active person on the internet, every year. Also, the blockchain might require terabytes after a decade. ps. if you do show up, please clarify if it is going to be a zero to 10k reward which is a different situation, or actually 10k fixed per…
I don't see how they plan on keeping any sort of stable price with this inflation.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#4"ummjackson" has appeared on HN before so perhaps they will comment here as to how dogecoin could ever exceed 1000 satoshi with this decision. That is several new coins for every active person on the internet, every year. Also, the blockchain might require terabytes after a decade. ps. if you do show up, please clarify if it is going to be a zero to 10k reward which is a different situation, or actually 10k fixed per…
I don't see how they plan on keeping any sort of stable price with this inflation.
My understanding was that Dogecoin doesn't want to become a "serious" currency and the sentiment in the community against the BTC-community is that they take themselves far too serious.
This decision makes sense if Doge intends to stay the "great comment, I give you 10000 doge for that" fun-currency and drive out everybody whose primary intention is financial gain.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#5This effectively killed my interest in the currency completely. I've stopped mining it.
I suspect this may be what they want: to keep it basically worthless so people keep using it to tip people large amounts and have fun with it, and to drive away investors and people looking to profit.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#6What I like about doegcoin is that everyone realizes it's a joke and has fun with it.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#7This effectively killed my interest in the currency completely. I've stopped mining it. I suspect this may be what they want: to keep it basically worthless so people keep using it to tip people large amounts and have fun with it, and to drive away investors and people looking to profit.
to drive away investors and people looking to profit.
Holy shit, you mean it's a currency that will encourage trading rather than hoarding? The horror!
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#8Earlier quoted context omitted.
I don't see how they plan on keeping any sort of stable price with this inflation.
My understanding was that Dogecoin doesn't want to become a "serious" currency and the sentiment in the community against the BTC-community is that they take themselves far too serious. This decision makes sense if Doge intends to stay the "great comment, I give you 10000 doge for that" fun-currency and drive out everybody whose primary intention is financial gain.
If that is the case the tipbots should not show USD next to the amount.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#9This effectively killed my interest in the currency completely. I've stopped mining it. I suspect this may be what they want: to keep it basically worthless so people keep using it to tip people large amounts and have fun with it, and to drive away investors and people looking to profit.
to drive away investors and people looking to profit. Holy shit, you mean it's a currency that will encourage trading rather than hoarding? The horror!
Why would you trade it? You can just mine more as you need it?
You aren't going to sell any goods for it because the value today is likely worth less tomorrow unless you can "cash it out" immediately.
Re: Dogecoin decides to allow annual inflation of 5 billion coins each year, forever
#10Hm, kinda wish it was a percentage rather than a fixed amount. Eventually 5 billion will be but a small percentage of the total.
Kudos nonetheless; glad there's finally a digi-coin that might sort of kind of be fungible for real-world wealth.