Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0 - page 575. (Read 3099556 times)

Why dont they just make it Pos coin after 100bil.It solves everything.No network issues,big hoarders get some intrest.Small players still use the coin.1-2% should be enough.5 Billion a year is just too much.Doge will never get any value.And even when its "fun" and nobody takes it serious,it still has to have value so it can be used as a currency.

Does the DogeWallet doge need to be patched against www.heartbleed.com ?
Is there an ETA ?

Maybe, but there is a slight chance that DOGE could make it this way.  I'll take my chances rolling on Just-dice @ 1% though.

No more Wow?  
Was rich...now holding doggie baggie?

Too many coins will spoil the coin.

It will go to zero for sure... unless miners/people horde them rofl (irony)

There can only be so many BTC that can get pumped into it no matter what. DOGE will HAVE to be based off fiat if it is going to survive... which is why I believe that is Jacksons goal and then that does zero good for BTC.

Alts are good because it is better to have BTC flowing into a ALT than fiat for us long term holders.  DOGE is trying to defy that and it isn't going to happen IMO. (in my opinion) Just a bunch of pissed off investors.

Edit:

Fun depending on when you bought them and if you have fun losing money!

I'll buy @ 20 satoshi and sell @ 30.  I'm about to start day trading this puppy down once BTC gets a little lower for me to add a large number to my play wallet.

I wish multipool would mine coins and allow others to use them to sell alts short....

Thanks for the details.
Doge is "fun", but there is WAY too many.
Will be interesting to see how low it goes...

It is... I believe the OP said that this coin had a cap (I am like 100% sure of this, but I will work on confirming it.)  

The worst part was is that the developers knew that it was set up like this, but they still made the post of a "cap".  Billy told me that Jackson described telling the truth about no cap like "ripping off a Band-Aid." (I'm happy to post a picture of the message.)

Jackson is on his FB this evening saying that people shouldn't invest in bitcoin.... This is going to turn into a shit show I fear.   I spoke to Jackson about this months ago about this:

Me:
Hey man, when you get a chance if you could please explain the thought process behind not capping dogecoin and do you feel like people were lead to believe there was a 100,000,000 cap in the first place. If I recall that word was on the bitcointalk ect.
.


Me:
if your busy no worries of course. I think no cap will cause serious problems. *shrug* who the fuck knows! Hope life is good for you man and tyvm for you time
.


Jackson:
hey man
.


Jackson:
the code has always been that way, it was just misunderstood
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Jackson:
the 10k block rewards past block 600k will be incentive for miners
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Jackson:
you notice how every altcoin dies after a while?
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Jackson:
that's because there's no incentive to mine
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Jackson:
even Bitcoin/Litecoin will face this issue eventually
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Jackson:
also, people lose coins
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Jackson:
so 5B a year isn't that much in the scheme of things
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Jackson:
when you factor in hard drive crashes, lost paper wallets etc.
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Jackson:
lastly, it's not a 5% inflation rate
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Jackson:
it's 5% the first year, then 4.7% and so forth
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Jackson:
as it's a fixed 10k Dogecoin reward for each block
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Jackson:
not % based
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Jackson:
the goal is that dogecoin gets used as a real currency online and not hoarded for profit like litecoin/bitcoin
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Jackson:
and that it'll give miners enough incentive to keep the network running with their hash power
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.


February 5th, 5:25pm



Me:
eh... I think you should reconsider and remember than most bought in with the belief of a market cap. If this doesn't work I think there could be legal ramifications against Billy and yourself for misrepresenting it.  I am not saying this in a dick tone or anything like that I just really want to see you guys make it and I think dogecoin could be great, but no one is going to use it if it is a bottomless hole and no one is going to build on a bottom less hole.  I was planning on blending dogecoin with my bit coin offshore banking system, but knowing that my clients holdings are being diluted 5.256 e9 every year forever is irresponsible.  Best of luck with your ventures and I'll buy back when/if there is a cap established! Thank you so much Jackson. You have honestly changed my life man and I will always be grateful for that! When you make it to SF feel free to hit me up! I'd love to go have a beer!
Heres to such profit! *cheers*
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Jackson:
I never sold anything that's legislated as currency, so there's no legal implications
 

___

Notice how to two underline things kinda seem like they relate.

He never "sold" anything as currency... only marketed it If the OP said there was a cap and there wasn't a cap from the start . The DEV's knew that there wasn't a cap from the beginning... it seems to be they bull shitted the early DOGE investors (which luckily worked out well for me at least, but still shitty.)

GOAT may have been right

You are correct, and it seems like an insane amount.

5.25 billion per year I believe after thinking about it.  That is correct and it is forever.  

The reason being is because think off all the DOGE that will be lost on hard drives that die and how else would you keep miners mining if they don't get 10,000 new coins per block for ever *rolls eyes*

Edit:

Doing math now :-| I'll update this.

10,000 coins per minute so,
600,000 coins per hour so,
14,400,000 coins per day so,
5,256,000,000 coins per year.
FOR EVER and ever!

Dogecoin is very cool. Much wow!

Can Doge rally?
Stay tuned......

What is the fact about Doge inflation?
I don't think "5 Billion/ year forever" is correct.

Markets
DOGE/BTC


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Ian

There is no cap on DOGE. There will be like 5 billion something new coins per year for ever.

Beware... your coins are not special. It is like "currency" (so Jackson says), but you can't wipe your ass with DOGE or burn it for warmth.

Huh?  What are you talking about?

You can't really have too many coins. Doge is not infinite and it is mined at right amount.

Bitcoin have completely opposite problem hehe Wink

It isn't fear... anyone that doesn't get that clearly does not understand the situation here.  I have absolutely no worries about litecoin's survival.  Dogecoin on the other hand, with rapid block halving and rapidly decreasing hashrate, is at risk of extinction if the devs/community do not act to secure the blockchain soon.

Litecoin has no fear of being 'beaten out' by Dogecoin; rather, some of the litecoin community has actually tried to help Dogecoin survive - unfortunately, ignorance and stupidly driven by egos will probably result in a sad and premature death of the Dogecoin network rather then adapting and continuing to survive.

DOGE/BTC market is back up after trade engine updates at agx.io!

- The Austin Global Team

Find us at:
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I'll keep them to Pluto!   

 

I'm on it...

And I'll keep them to the moon !

And beyond.