I did feel that setting Dogecoin inflation at about 5% per year was a bit to high, would like to see 1% (actually 1 billion). I think this would be a good balance between securing the network, while keeping the value of individual coins.
BTW, this is my main issue with Litecoin, inflation rate will be fairly high for quite a while.
If I had my way, I would also set the inflation rate/reward to a flat 1 BTC per block. I think the current reward is an anchor on the price of Bitcoin & uses a lot of energy (although not as much as the fiat system or even gold mining). In fact, I think the block reward (and sale to cover cost) will ultimately control the value of the Bitcoin network.
Luckily, we do have altcoins. And my investment in some of the current leaders is highly influenced by their inflation rates.
Topic: What should Dogecoin Inflation be? (Read 530 times)
I would say it should be less than 1%
Is this a trick question?
5 billion new coin per year = is 5%
1 billion new coins per year = IS 1% (the first year anyways)
2%
1%
5 billion new coin per year = is 5%
1 billion new coins per year = IS 1% (the first year anyways)
2%
1%
Inflation might be the death of Dogecoin. The developers really show how clueless they are about economics when they chose massive inflation over a standard set by BTC. (no inflation after x years)
less than 1%. The lower the inflation the better the store of value. Compensate the bagholders by not destroying the value of their DOGE so fast.
Inflation might be the death of Dogecoin. The developers really show how clueless they are about economics when they chose massive inflation over a standard set by BTC. (no inflation after x years)
The answer is, whatever number is required to secure the block chain without a negative effect on the "shareholders". The quarkflation number has proven to be too low for an altcoin to secure their block chain. Somewhere between 1-2% per year would be the obvious answer. Anything higher is too much. Once you factor in that people would probably lose 1% of the money supply per year through losing private keys, hard drive dying, or the person itself dying, 1% inflation a year is clearly a safe number. 2% if you really need the miners.
Who is this and why are you asking this?
Please Be honest.
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