Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0
by
D3m0nKinGx
on 26/02/2018, 03:11:10 UTC
there are too many doge coins. and the year of the dog will not bring the course up. doge increases when btc rises and doge falls when btc drops. It was 4 years and will always be like this. there are just too many dogecoins. that will not be supercoin in 100 years


DOGE was mined far too quickly and then abandoned by its creator.That is not good combination for any coin.

5% annual inflation on already far too big supply wont help it stability too.



And where is Satoshi with his bitcoin? Which was initially mined centrally by only himself.  Yet here's bitcoin today 9 years later, WITH inflation Smiley
Yep. However, I've never understood why people throw around the "inflation" term. Inflation has to do with the cost of goods going up in price which may or may not have to do with more money being "printed". Printing more money (mining new coins) is referred to as quantitative easing. I suspect people throwing around inflation is just a way to FUD things which they may or may not know they're even doing. Course, the problem is that the stupid Bitcoin wiki use the term inflation as well sometimes when they're talking about the increased number of coins so that doesn't help. i.e. they use the terms added, increase and then they have a paragraph using inflation to say the same thing.. and then they actually use it more correctly in terms of alluding to the fees required to "buy" your way into a block.

.
With regard to bitcoin inflation isn't really the right term, because it has  capped supply of 21 Million (which we won't see in our lifetime). but by going with wat the definition says:

Inflation (noun):

1.
the action of inflating something or the condition of being inflated.
"the inflation of a balloon"
2.
ECONOMICS
a general increase in prices and fall in the purchasing value of money.
"policies aimed at controlling inflation"

I guess really neither apply? cause Doge has actually increased in value since its inception  Shocked Cool