Is anyone else a little upset/sketched out that there is no cap? I thought 100bil coins was a fuck ton, but I thought it would be cool that dogecoin was the first coin to cap out of them all.... well come to find out that isn't the case at all. I feel like this needs to be capped @ what we all thought it was. I believe the word capped was even used on the OP.
Edit: I have sold my doges until this is figured out. Such profit!
Too bad...for you. As discussed many times before, the amount of Doge that will continue to trickle once the 100B Doge are mined is so little - it will keep some miners going and that is required, because without miners there are no confirmations, no new blocks, no transactions - *Then* the coin would be dead (some coins have died from lack of interest by miners, so even if an exchange tried to move coins, there were no more confirmations and everything froze. It is a good thing, not just a little inflation (bringing Doge to more people) but also continue to reward miners. I think it was the right decisions and since there will be no impact on the price of Doge from a little trickle likie that, compared to the current mining rate, I have no problem to HODL my Doge.
Jesus christ you have to be kidding me.
Do you know how many miners it would take to spin the network?
Also 10,000 coins ever minute for EVER... Miners get their dogecoins from the fees from dogecoins moving around. That is why it is important for people to spend/move their coins and dev of the coin is must. I was under the impression that as the coin neared the cap the fee would go up to help pay the miners.
Edit: Those are cute doges above
Why would there be 10k coins forever? Wouldn't the reward be halving soon?
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Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released!
My first buy point is 100-120. My second all in whatever BTC I have available is under 80, if it gets there. I'm more or less just basing this off previous BTC bubble activity (the one that happened in April, and then how prices moved over the next few months).
I already knew about this 5% inflation a long time ago. It's not a big deal, and in fact good for the long term of DOGE as it will keep miners on it and not solely rely on fees to operate once 100B is reached. Once the 100B cap is reached, it will take at least 14 years for the supply of coins to double at 5% per year. That's like a millennium in the crypto market.
I'd actually rather the 5% inflation than a hard cap of 100B myself. I don't want a QRK scenario to happen with DOGE.
What's this QRK scenario?
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Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released!