Quote from: psionin on December 31, 2017, 08:03:41 AM

Quote from: thunderjet on December 31, 2017, 01:43:47 AM

Quote from: psionin on December 30, 2017, 07:51:00 AM

Quote from: dogemoon on December 29, 2017, 10:37:12 AM

Quote from: hah on December 29, 2017, 02:18:54 AM

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.

40 million USD (yearly DOGE inflation) is less than today's daily volume. Meanwhile this year's growth in the market cap is 3600%, meaning that the increase in adoption of the currency and resulting demand from that is thousands of times greater than the daily supply increase was able to meet. How is having 5% emission in any way a negative compared to 0% during this time? Are people seriously arguing for wanting to make just a tiny bit more than the X36 increase in one year? I don't think so - it is just an imbecilic argument that anti-Doges use to attempt to destroy the coin. Now if we are talking about the years to come, the growth in new users may drop off after a while, but it's probably going to take at least a few years until it drops off to below the level of inflation, and even in that case, there is still a decrease in supply from lost coins (likely more than 2% a year) and a decrease in prices from economic growth (2%), while by that time the percent of emission would only be around 3%! The best coins have around 1-3% yearly inflation, and yet only in the Doge section there is a constant shrieking about "muh inflation".

As for the initial release of many coins quickly (100 billion in the first year), I totally agree with you, it was done way too fast and seemingly recklessly, with the only goal of pumping and dumping it all onto a passive market. But it's been 4 years since then and a lot of the DOGE has been bought up, so I don't see any issues with it in the context of today's Dogecoin. It's really quite ironic that when they were generating the "endless infinite supply Dogecoin", which is a metaphor for the initial low hash rate 1 million, 500K, etc, Doge blocks, there was nothing said about it except hype, and after everything was sold, all sorts of trolls come out of the woodwork to talk about the "Doge inflation problem". Anyway, it seems that most of these initial coins were circulated through the market, passing through many hands, and so it's not an issue any longer. Also, it is much better for a coin to be mined like this (with an excessive supply at the beginning) than to be created within a centralized system by the decision of some person or committee (e.g., Ripple), which is not open to the whole market. A lot of these "developed coins with ... strong marketing teams" that you are referring to are probably just Ethereum tokens that can be created at will in any amount without being openly/fairly mined by anyone in the world, and it can be argued that they are not even real cryptocurrencies. Doge on the other hand has stayed true to the spirit of Satoshi's Bitcoin and so it remains as an excellent choice for any crypto investor.

You have to different inflation from coins that are still in the mining phase and the ones which mining is over.DOGE initial supply is huge and 5% is a lot on such huge supply.I agree with you that DOGE has to have some inflation and 1-1.5% would be ideal.Coin market cap is not real indicator of coin strength - truth is that if you dump just 10% of any coin it would lead to complete market crash.You are talking that 3000 BTCs annual inflation is less than todays volume,but fact is that 90% of volume is generating from bots trading same coins over and over.

If you are right then DOGE price in BTC would be far more stable and significantly bigger.Fact is that we have 2-3 days pump to 150 satoshi and huge dump to initial price in a matter of few days.Such behaviour is main indicator that coin is in hands of quick profit pump/dump group,not interested for progress and stability.Another indicator of such situation is that DOGE has far narrower wealth distribution than BTCs : 1-10 BTC in DOGE is in max. 7184 people hands and in BTC it is more than 550,000 - DOGE is 80x more concentrated than BTC.

That poor wealth distribution wont be a case if DOGE has active developper and marketing team which will be able to bring much more small and big investors in DOGE and then even 5% inflation wont be a problem.More investors,more stability.Present situation is good just for pump/dump team who control DOGE.Agree with your opinion about Ripple.