Re: [ANN][DOGE] Dogecoin - very currency many coin

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#msg27070100

In 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?

Great write-up! I compared emission stats across a few coins a bit over a year ago - and Doge is actually rather conservative with its emission.

https://bitcointalk.org/index.php?topic=1698862.msg17036346#msg17036346

It's amazing that people keep repeating the line about Doge inflation being negative without knowing what they are talking about.

Of course that inflation has negative impact. Doge 5% per year is 5 billions of DOGE every year. By today price it is 3000 BTC or 40 millions dollars.So you have to find new investors who will be willing to invest 3000 BTC yearly just not to allow new minted coins to push price down.Because DOGE was not developped by years,no marketing,no any practical use,it is very difficult task.

Also DOGE has problem it has mined far too quick.Massive supply makes tremendous pressure on price and 5% of inflation in these circumstances is too big.No serious investor will like that,so money goes to more developped coins with strong developping and marketing teams.These are reasons why DOGE is just quick pump/dump coin like many others.