Quote from: Bluestreet on February 08, 2014, 04:13:17 AM

Quote from: ewhenn on February 08, 2014, 04:09:39 AM

Quote from: scarface on February 07, 2014, 03:04:59 AM

inflation is the best thing that could had happen to dogecoin

dogecoin will be used as a currency not an asset like all other coins

the community will continue to grow and give away dogecoin to charities, the media attention and growth will continue

trust me once we hit the 10,000 blocks theres no way you will be able to buy a dogecoin for 150 satoshi

buying in exchanges to use and donate will drive this coins price up

100% agree.

These these coins are intended to be used a a currency, not an asset to hold.

Full Definition of CURRENCY

2a : something (as coins, treasury notes, and banknotes) that is in circulation as a medium of exchange
b : paper money in circulation
c : a common article for bartering[/li][/list]

The primary role of a currency is to be *USED* for exchange. If there is a constant deflation where something becomes more and more valuable over time then where is your incentive to ever exchange it? If I knew that a US dollar today would buy me 30% more next year, I'd do everything I could to avoid spending it. Thus it fails as a currency.

A slow inflation makes people spend a currency and use it.

mBTC will become the standard within 5 years and a couple more decimal places can be used to give it a total coin cap of 2.1 Trillion with 2 decimal places to spare for "bitcents" , if this happens most coins producing over 10 billion today will never hold much value.

It's not about moving decimal places to use a mBTC or a "bit cent", it's the fact that it's deflationary. 1 kilogram = 1000 grams, it's the same damn thing.

Spending BTC has a opportunity cost (losing the extra future value derived from increased scarcity). This makes it behave more like an asset, not a currency, and therefore a poor medium of exchange.