Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available
Haven't followed doge in a while. I know about the merged mining but is there any plan to cap total coin supply? Its whats killing the coins over all value. It otherwise a great coin with a great community.
How do you secure the network if you cap the coin? How many new successful coins are capped these days?
In the short run Bitcoin & Litecoin has a higher supply inflation rate that Doge.
Dogecoin Bitcoin Litecoin
2015 5.26% 10% 33.33%
2016 5% 9.09% 12.5%
2017 4.76% 4.1% 11.11%
2018 4.54% 4% 10%
2019 4.35% 3.85% 9.09%
2020 4.2% 3.7% 4.1%
What if Dogecoin switched to a proof of stake method(POS) system with a smaller inflation rate? Then all of the community could secure the coin & benefit by earning extra Doge by Staking instead of miners dumping it for BTC and other coins.
I honestly believe Doge should go POW/POS hybrid if the dev team really wants to secure the network
Under POW/POS hybrid, anyone who prepares to initiate a 51% attack won't know the next block is going to be generated by POW or POS
This will make him more difficult to double spend as compared to a pure POW network