Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.6 HARDFORK MANDATORY UPDATE
by
BayAreaCoins
on 23/05/2014, 07:35:39 UTC
What investor wants his shares constantly diluted? Fuck the % of doge per year the fact is there will be 5.25 BILLION coins per year fo eva.  

This inflation is quite small considering cryptocurrencie's growth potential. I'm quite sure they will grow steadily more than 5% a year for the next 20 years, and in that time, Doge's inflation will only be at 2.5%, which is approximately the inflation rate of gold which has been mined sinced hundreds of years and is still used as a commodity and loved by many investors.

Bitcoin's inflation is at more than one million per year right now and that does not seem too scary to most.

There isn't enough Bitcoins in the world to cover what is outlined at the moment. Stop talking about %'s and talk about the numbers. DOGE price is based on BITCOIN.  It can not exceed that.

If the price of DOGE is 100sat and there are 5.25billion DOGE per year how many bitcoins is that = to?

Edit:

So 5250.00000000BTC worth a year and then times that by 20 so 105,000 new bitcoins would need to come in over that 20 years you speak of, plus no one can sell their old Billions of DOGE.

For fuck sake people pull your head out of your ass and get pissed over this!

How is 105000 new bitcoins in 20 years a problem when there are one million new bitcoins every year?

Because there is no way this can last long term. No one is going to throw their bitcoins down a black hole.  People use bitcoins for drugs and making money. Not wasting on what was once a good idea gone to shit. 

Bottom line is that it doesn't need the communities approval if a fork is introduced with more mining power than the other everyone has to follow it Smiley

However, I would like the community to understand why it is happening.