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?
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#msg17036346It'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.
Do not be surprised there will be a lot of such "analysts" - these are representatives of the world of the strong.
Now there are very important events in the world of crypto-currencies. This market includes large investors, they want to arrange a redistribution of the market. Having devalued the clean and transparent crypto money on their front scams.
People from the government, officials, bankers, oligarchs, their agents and representatives will find faults even in those crypto-currencies in which they simply do not exist.
They will write to you will indicate 4% of inflation trouble! And Ripple = RIP unlimited emission from one firm!
Ripple is one big drawback, but this will not prevent him from becoming the first crypto-currency in the world within a year. You will not hear any bad news about Ripple from officials, bankers, capitalists in the media!
It invested billions of money from thieves and corrupt officials from power. But remember Ripple = RIP.
They do not like crypto-currencies such as Dogecoin - after all, without developers and investments, it keeps at the level of the world's best crypto-currencies. This makes them very angry with it as a bone in their throats, billions are invested and they are waiting for the profit from these investments.
Their task is to devalue the market for independent crypts. Ripple RIP will collect the capitalization of decentralized crypts and burst like a bubble - this is an ordinary pyramid created by the authorities and banks.
We need to rally and act as one line against this government takeover.