Anyone who is buying DOGE right now is asking for it. DOGE was misrepresented as a 100billion cap that would be the first coin to cap out (that is what made it interesting to me.) If you are buying a coin that is going to produce over 5 billion coins per year forever... I dunno what to tell you!
So we are nearing the 50billion mark. That means that 50 billion more to come before the 5 per year.
50 billion coins @ these levels is = to 81663 BTC. Then the never ending 5 billion coins @ these prices = 8,166.30 BTC
per year for ever. The endless coin thing only helps who... POOL OWNERS... Guess who owns most the nodes for dogecoin.
www.Dogehouse.org and now we see why they DDoS'ed NetCodePool back in December.... sneak bastards, but smart.
Sold DOGE and bought HUC. Will buy doge again once they fix it and they will fix it because people will sell. I expect the doge spirit to be broken shortly as much as I hate to say it
I like doge just as much as the next, but it is looking pretty shitty. NYC meet up was great! Really happy I stumbled across it on my way to dinner
what's the odds!
That 5 billion Doge/year does not compare to the billions of Doge traded every single day. It is a dilution in the order of 5% and reducing for a coin that can change value an order of magnitude overnight, so there really is very little influence from it.
Remember - Doge is 2 months old and it has attracted 10x more money in that period than the amount you are worried about - for a whole year! With Doge being accepted in more and more places and for more purposes and by more people, that trickle of Doge after the initial 100B Doge have been released will be insignificant.
This has been said many times and by many people and the official decision has been made by the Devs to allow this due to the expected small consequence (or even benefits), so why are you still belly-aching about such a minor issue?
Of course, you are free to invest in any coin you like - replace one of the 3 best established coins on the planet for an obscure coin - fine, it is your money. But why come here every day to tell us that you do not like Doge? You are in the wrong place or are you a troll?
I think it will be time for the "Ignore User" link one more time, it will lighten up the forum significantly...