Topic: Dogecoin is now infinite! - page 2. (Read 4744 times)
im glad i saved some coin.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
Albert Einstein
Albert Einstein
they are three now, with doge lol
Naysayers have one thing in common; they all are imagining a closed scenario with relatively few players present. Rather, think of the exponential involved when it becomes picked up by 10, 20, 50 000 people at once. The Olympics will create news coverage. Developing countries will prefer the lower cost, hell, we all will. This coin is entering the collective 'nousphere', at least for a short time, and that may be all there is to it, I'm afraid.
The steady production of doge to infinity is nothing compared to the rampant and baseless production of currency by every freaking central bank there is. This means that no matter how 'austere' the fiat markets become, doge will remain relatively deflationary.
The steady production of doge to infinity is nothing compared to the rampant and baseless production of currency by every freaking central bank there is. This means that no matter how 'austere' the fiat markets become, doge will remain relatively deflationary.
Still a lot people see BitCoin only as a thing to invest in ("it's going to be very rare, so I keep it").
Someone with better english skills need to explain, that a currency that get's rarer and rarer cannot be used by millions of people. A _currency_ needs to circulate, not stay in wallets.
So a currency _without_ inflation will always be seen like a resource: buy it, stock it, keep it.
*I am not saying, DOGE is the best/whatever coin, I don't have an idea about the future of DOGE.
Someone with better english skills need to explain, that a currency that get's rarer and rarer cannot be used by millions of people. A _currency_ needs to circulate, not stay in wallets.
So a currency _without_ inflation will always be seen like a resource: buy it, stock it, keep it.
*I am not saying, DOGE is the best/whatever coin, I don't have an idea about the future of DOGE.
Anyone can verify this? I think it is good to sell doge now very risky.
This is all experiment. I don't think anyone can really tell the ultimate result as of now.
So maybe we should have many ASIC-friendly (repeat: ASIC-friendly) scrypt coins with billions of coins in supply like dogecoin and see what is going to happen.
So maybe we should have many ASIC-friendly (repeat: ASIC-friendly) scrypt coins with billions of coins in supply like dogecoin and see what is going to happen.
Bunch of amateurs changing variables at a whim... What's next?
Nothing was changed in source code. It was always set to mine 10,000 coins per block after 600,000 blocks. It actually makes it more viable coin in terms of longetivity. Do your research before you troll. Oh... and by the way do you ever support any coins other than you launch. Readers look at his history. He launched flashcoin about half a year ago. The coin died in less than a week.
A nice article explaining dogecoin's strategy where bitcoin will fail.
http://www.businessinsider.com.au/dogecoin-just-solved-a-problem-bitcoin-will-face-2014-2
Other worth mentioning facts about dogecoin:
1. Higher network hashrate than litecoin, making it most secured scrypt coin in the world.
2. Second biggest community of anycoin, only after bitcoin. See their reddit sub with 55k subscribers.
3. Very efficient marketing. In media every day.
Wow very dilution coin. Guaranteed lose value every block. Dilution is new feature.
only someone who didnt know how money worked would say this...
Bunch of amateurs changing variables at a whim... What's next?
Nothing was changed in source code. It was always set to mine 10,000 coins per block after 600,000 blocks. It actually makes it more viable coin in terms of longetivity. Do your research before you troll. Oh... and by the way do you ever support any coins other than you launch. Readers look at his history. He launched flashcoin about half a year ago. The coin died in less than a week.
A nice article explaining dogecoin's strategy where bitcoin will fail.
http://www.businessinsider.com.au/dogecoin-just-solved-a-problem-bitcoin-will-face-2014-2
Other worth mentioning facts about dogecoin:
1. Higher network hashrate than litecoin, making it most secured scrypt coin in the world.
2. Second biggest community of anycoin, only after bitcoin. See their reddit sub with 55k subscribers.
3. Very efficient marketing. In media every day.
Wow very dilution coin. Guaranteed lose value every block. Dilution is new feature.
Here's an article about the implications of this recent change to Dogecoin. I think this is a huge time for Dogecoin.
http://www.thedailycrypto.com/2014/02/dogecoin-no-longer-at-fixed-cap.html
http://www.thedailycrypto.com/2014/02/dogecoin-no-longer-at-fixed-cap.html
There is no "problem" with bitcoin. The problem was with fiat money to begin with and bitcoin fixed it. Dogecoin now emulates the same problematic money pattern of fiat currency. Tell me a good reason why anyone would keep their money in something that will lose value due to inflation, instead of something that is going up in value due to rarity and increased demand/limited supply.
Because the rate of inflation of dogecoin decreases every year. And it gives miners an incentive to mine after the big blocks are mined hence keeping network secure. Look at quarkcoin, if the price deases any more, a old lady with a laptop can 51% quarkcoin anytime.
The thing you people need to realize is while the coin might not be capped anymore, the currency is very weakly inflationary as t-> infinity.
It is not a percent inflation, but rather a fixed amount of coins and in the future (number of new coins per year)/(total numbers of coins) goes to zero. If you include loss of coins it might even become deflationary if it becomes widely used and the monetary base is big enough.
In the end this change probably won't affect much at all (and might actually be a good idea to replace lost coins).
It is not a percent inflation, but rather a fixed amount of coins and in the future (number of new coins per year)/(total numbers of coins) goes to zero. If you include loss of coins it might even become deflationary if it becomes widely used and the monetary base is big enough.
In the end this change probably won't affect much at all (and might actually be a good idea to replace lost coins).
Bunch of amateurs changing variables at a whim... What's next?
Nothing was changed in source code. It was always set to mine 10,000 coins per block after 600,000 blocks. It actually makes it more viable coin in terms of longetivity. Do your research before you troll. Oh... and by the way do you ever support any coins other than you launch. Readers look at his history. He launched flashcoin about half a year ago. The coin died in less than a week.
A nice article explaining dogecoin's strategy where bitcoin will fail.
http://www.businessinsider.com.au/dogecoin-just-solved-a-problem-bitcoin-will-face-2014-2
Other worth mentioning facts about dogecoin:
1. Higher network hashrate than litecoin, making it most secured scrypt coin in the world.
2. Second biggest community of anycoin, only after bitcoin. See their reddit sub with 55k subscribers.
3. Very efficient marketing. In media every day.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
Albert Einstein
Albert Einstein
Here's an article about the implications of this recent change to Dogecoin. I think this is a huge time for Dogecoin.
http://www.thedailycrypto.com/2014/02/dogecoin-no-longer-at-fixed-cap.html
http://www.thedailycrypto.com/2014/02/dogecoin-no-longer-at-fixed-cap.html
There is no "problem" with bitcoin. The problem was with fiat money to begin with and bitcoin fixed it. Dogecoin now emulates the same problematic money pattern of fiat currency. Tell me a good reason why anyone would keep their money in something that will lose value due to inflation, instead of something that is going up in value due to rarity and increased demand/limited supply.
It's almost like watching a 14 year old kids joke turning into a million dollars and then them blowing it. Doge was a joke that somehow worked, maybe because it didn't take itself seriously, and now they do this? Ben Bernanke leaves Fed and infiltrates Doge development team!
it seems like doge's creators are thinking of the future and making a run at having this currency actually last and to be able to widely use it.
I just can't wrap my head around the success of this coin.
Not that there is anything wrong that. Good on the community for their success.
But wow, I guess I'll never underestimate the power of good marketing ever again.
Not that there is anything wrong that. Good on the community for their success.
But wow, I guess I'll never underestimate the power of good marketing ever again.
Yeah but 10k/block arent that much coins, it will take 19 years to double the amount.
Bunch of amateurs changing variables at a whim... What's next?
lel...
nothing was changed the code was like that from the start
it was just decided to not cap the coin and leave the inflation
eMunie.
Doge's founding principals was not intended to be a currency, instead, a get rich quick scheme. This is the ideology of Doge, for that reason it will be tainted forever.
Bunch of amateurs changing variables at a whim... What's next?
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