Why is this coin pumping up recently? I thought it was a joke coin with unlimited inflation.
Here I explain what unlimited inflation means in practice.
https://bitcointalk.org/index.php?topic=2306444.msg27070100#msg27070100In short, to compare Dogecoin with a more valuable currency with limited inflation we must use the Megadoge (1 million doges) because its basic unit is very small.
Summarizing:
Value:
1 BTC = $14,650
1 MÐ = $8,500
Current supply:
BTC = 16,769,287
MÐ = 112,537
Rich address with 1-10:
BTC = 556,563
MÐ = 7,184
New supply for the next 5 years:
BTC = 3,000,000 (estimate)
MÐ = 25,000
Total supply the next 1000 years:
BTC = 21,000,000
MÐ = 5,000,000 (estimate)
Do you still think that unlimited inflation is a problem?