Quote from: SaveOurSea on May 09, 2021, 11:48:28 PM

Quote from: dogetalk on May 08, 2021, 03:45:29 PM

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!

honestly what I have to say is that without elon musk doge it will not become something big,
I don't know for sure what elon thinks of choosing Doge so that it can be used by everyone, and what is most feared is its unlimited supply like fiat money,
the price has already wanted to reach $ 1 and everyone forgot about the nature of crypto? yeah it will be a bubble

it is not unlimited.

the limit is 500000 new blocks each year.

and as each and every year passes the 500000 blocks become smaller as a percent then the year before.

in year 10 when we go to year 11 we add 10% more blocks.
in year 20 when we go to year 21 we only add 5% more blocks
in year 50 when we go to year 51 we only add 2% more blocks
in year 100 we go to year 101 and only add 1% more blocks.
in year 200 we go to year 201 and only add .5% more blocks.

the usa dollar in 2020 issued 21% of all the money it ever issued since 1900

and on any given year the usa dollar could issue 30 or 40 % of all the miney it ever issued in the last 120 years.

so doge is far far far far far better then the usd.
when it comes to adding money.

and it is a lot different to adding money the btc.

never think to compared doge to the usd and call it inflationary. as you would be wrong.

it is a hybrid of inflation and limited coin minting thus it has and will always decrease in its in in flationary rate.

at least get the story correct.

btw I learned this the other day as someone explained it to me with a nice white paper.

this is simple math like

500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
4500000
5000000
5500000
6000000
6500000
7000000
7500000
8000000
8500000
9000000
9500000
10000000
10500000
11000000
11500000
12000000
12500000

as you can see the effect of the 500000 each year is 500000 more each year forever but the percent of gain drops every year and the inflationary effect melts down closer and closer to 0%

if i give you 5 cents and you only have 5 cents you gain 100%

if i give you 5 cents and you have 500 cents already you gain 1%

so the argument that Doge suffers from endless un limited inflation it bogus.

it is limited inflation rate that will grow less every year for all eternity.