Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.
Having no mechanism to control currency supply is really not ideal and 5% per year should not be underestimated. If there were services that could be used by burning DOGE, there is a higher chance of reaching a good balance.From an investor's point of view, DOGE would not be the ideal choice. But this is not to say that DOGE is only serving investors' interests. It rather aims at mass adoption and that goes hand in hand with investors' interests, but only to some degree should the supply never be limited.
For me it doesn't matter - I invested into DOGE knowing it was inflationary, and that is factored into the market cap - I've worked pretty closely with the guys at IXC which was (I think) the first fully mined out coin - now its pretty difficult to keep interest in the coin and the block chain going. DOGE is one of the coins (come 2030+) which wont have the issue of supply running out, who will want to mine for 0 reward. I think the diminishing reward over time makes good sense, inflation will be around 3% by this time. The only way forward would be to increase the transfer fees to keep the chain moving - one of DOGE's best points is the low fee.
Looking at the long game - I personally think it will be more of a help than a hindrance, the diminishing returns will have a major advantage over a lot of the fixed PoS coins.
You know, it is not that I would really disagree with you. I like the points you make, but
I was just suggesting that services which provide some sort of currency issuance control would be really helpful. Services that use DOGE and burn the currency or something. Having a constant increase of the supply with no limits seems not reasonable. As for the fact that everything is priced in, I think people are more cryptocurrency investors than economic model investors at this point in time. And I even count myself into that category. Who of us really knows how these things are going to play out? We all try to come up with smart thoughts, but it is still difficult to assess the situation overall. DOGE is cool and great, I won't argue about that, I am just not sure whether the economic model makes long-term sense (same counts for BTC).
Well,the point is, you're speaking of centralization. That's not the path.
And FIAT is going to have much more inflation than Doge, so no prob.
In another vein, too many
trolls newbies lately, isn't it? besides my loved easyrimka