Quote from: hotdk on August 28, 2014, 01:29:18 AM

Quote from: blockjoe on August 28, 2014, 12:57:22 AM

Quote from: hotdk on August 28, 2014, 12:20:38 AM

Quote from: rnicoll on August 27, 2014, 09:13:46 PM

Quote from: Vlad2Vlad on August 27, 2014, 07:28:08 PM

So you think doge should be worth over $5 billion?

That analysis is wrong on so many levels.

Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion. Which for a totally inflated ShitCoin is unreal.

At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.

This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.

Cheers!

You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)

Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to 1 Billion new dogecoin every year could change this trend. Then the inflation is 1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.

This is not the main issue we have. We had multipools, and a lot of miners that sold every coins they got, their only goal were to get BTC. This behavior decreases alternate coins value. We had hundred of useless coins, this had a maximum dilution effect; and all the scams around IPO/ICO, pump and dump scheme etc...

For a coin to get value we need investors, and to have investors we need trust. The previous behavior kills the trust. It will take time to recover.

That is why I said dogecoin need to reduce to 1 Billion new coin every year. Reduce the influnce of the miner. 1% inflation every year (lower a little every year) means it's inflation lower than USD like precious metals. If company hold and trade with other use cryptocurrenc, that change everything. Bank will be join in for loan with cryptocurrenc too. So make it better than USD is the frist step.

If Devs care or are listening...I'd also be in favor of lowering the inflation to 1B coins/year.