Topic: Why Dogecoin is not Safe. (Read 4269 times)

There was no immediate correlation between bitcoin block halving and price increase FYI..  so tell me more about things you see because I see mining profits about fall by half on a group of miners consisting of easily half profit jumpers.

Lol... can't be more wrong.... When supply halves the price'll increase and the miners profitability will remain the same.... Why are people so stupid that they not seeing this...?

You forgot to mind the most deadly thing for doge - its hashrate will go down. Twice every 2 months. The coin will die from 51 attack approximatelly in 3-4Q 2014.

Reminder: The people who make these threads are butthurt litecoiners. Litecoin is the myspace of cryptocurrencies, doge is facebook on steroids

1) Marketing is part of life, even if it's evil.

2) The supply is limited per year. Yes technically if you were to wait until the end of time there would be infinte DOGE, but that's not a very useful point.
If it ever becomes the case that there is too much DOGE they can just change the client.

3) doge has already outgrown the meme.

4) There's nothing wrong or unprofitable about leisure. I'd say they are more geeks anyway which is why they're able to build such a huge community so quickly.
Again, doge as a currency has already outgrown the meme, if the meme gets old people will just ignore that aspect of it. You don't have to speak "doge-talk" to use the currency.

5) It has already become something greater.

Don't like a coin? Do not mine it, buy it or talk shit about it. 

god i hope so...

agreed and hey.. since you guys think your funny and say crap like "think of the children"
he is

and i still think the ORLY owl meme would have been a better coin to make hahaha

Yarly !

only part you missed touching on is the cancerous disease in crypto of these guys getting it popular and on exchanges in the first place..

you think it's bad now ? what is it going to be like when these guys call out to the world all people like us come here and Ponzi for cash !
Got ANN ?
It'll be a thousand times worse with 100x more fanatical delusional Doge brats and this forum is going to end up if it's not already as 4chan 2.0 for scammers
We need to attract people like that ? It's funny they want the highest level of pro support for exchanges being run by pro's
..for the snotty brats that are taking over the scene.
Do the hard work so we can play and scam and spend BTC !!!!
It's a joke ? ok fine.. then lets runs some joke exchanges too right ? after all it's just having much fun very yes ?
come on cryptsy chat and watch angry furious ranting Doge brats flip the hell out and rage when their deposit aren't going quick enough. lol

There’s been a lot of misunderstanding and confusion going around dogecoin’s inflation rate recently. For some reason, people don’t understand it very well. Some people will notice that dogecoin  increases by 5 billion coins every year after 2014. Forever. That is when they start to freak out. Then they panic and declare dogecoin a sinking ship and cash out all their doges. They are idiots, and here’s why:

Firstly, Monetary inflation does not mean price inflation. It is possible for a currency to increase in supply and value at the same time. For instance, bitcoin grew 10000% in price the same year when its monetary base also increased by 13%.

Secondly, consider that in the second year of dogecoin’s existence, we will have a 5% increase in total money supply. Do you know what bitcoin and litecoin had? Here’s a convenient table for you.



Of course, the difference is that dogecoin continues adding to its supply by 5 Billion coins each year, whilst bitcoin and litecoin will continue to halve to zero.

Do you want to take a guess at which year dogecoin will catch up to bitcoin in total monetary supply added?

The year 2174.

You won’t even live that long.

This is the misleading part about Dogecoin’s monetary supply. People see the scary “5 billion coins added each year!!!” statement and they start pissing their pants at vivid imagery of Weimar’s hyperinflation. They forget that Dogecoin is way ahead of the curve, because instead of halving every 4 years as bitcoin or litecoin does, it halves every 1.5 months. This gives it a lot of room to catch up, even if the total monetary supply increases by 5 Billion coins indefinitely.

Here’s the thing. Imagine you wanted to create the best, most profit-maximizing coin possible. What specifications would you want? Obviously, you’d want a coin that halves in rewards as quickly as possible. The faster it halves, the more coins you get (because you mined it since the beginning), and the less coins others get. This also makes the coin rarer, so as supply drops, demand goes up.

But on the other hand, you can’t have the coin halve too quickly. If you did that, there would be accusations of the coin being an instamine scamcoin. One halving every 2~ months sounds about right.

What happens when it stops halving? After that, you want a static, minimal, eternal block reward to support and encourage miners. Miners not only secure the network, but it makes up for lost, destroyed, or stolen coins, which leads to lower levels of volatility and a more secure infrastructure. They also help generate interest in the coin. This is paradoxically good for the value of the coin in the long run. This is where you get the profits.

Dogecoin has all of these traits. Dogecoin’s block rewards are perfectly optimized to be worth as much as possible. Not even bitcoin or litecoin accomplishes that. Why halve in four years, when you can do it in two months?

This should be obvious. And yet people on all sides of the inflation argument appear confused and needlessly agitated. It’s not just the anti-inflation sides of dogecoin that are angry and tout falsehoods. Even the dogeflation proponents on my side argue completely awfully.

For instance, there’s a popular rhetoric about “dogecoin having inflation is good because it incentivizes people to spend money, thus promoting dogecoin”.

This is wrong on so many levels.

That logic will only apply if you are only allowed to use one currency. In the case of Government mandated fiat currency, this applies, because you only have one currency to choose from. Therefore you want to spend your dollars as soon as possible. In cryptocurrency, where there are over nine thousand possible competing alternatives, if dogecoin loses value in the long run, everyone would go buy a non-dogecoin cryptocurrency instead.

This is the kind of pseudo-Keynesianism that gives Keynes a bad name. But I digress. This argument is further invalid because Dogecoin will not have inflation. Dogecoin is going to increase in value. Massively. This entire essay is dedicated to arguing that.

Dogecoin is a deflationary currency. It is NOT inflationary.

From: http://tuxedage.wordpress.com/2014/02/06/a-serious-analysis-of-dogecoin-or-why-i-am-all-in-on-dogecoin/

2) The supply is limited per year. Yes technically if you were to wait until the end of time there would be infinte DOGE, but that's not a very useful point.
If it ever becomes the case that there is too much DOGE they can just change the client.

You forgot to mind the most deadly thing for doge - its hashrate will go down. Twice every 2 months. The coin will die from 51 attack approximatelly in 3-4Q 2014.

One halving every 2~ months sounds about right.