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Title: What should Dogecoin Inflation be? Post by: nice1013 on June 01, 2014, 09:59:28 PM Please Be honest.
Title: Re: What should Dogecoin Inflation be? Post by: coinmaster222 on June 01, 2014, 10:00:15 PM Who is this and why are you asking this?
Title: Re: What should Dogecoin Inflation be? Post by: r0ach on June 01, 2014, 10:17:57 PM 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.
Title: Re: What should Dogecoin Inflation be? Post by: forevernoob on June 01, 2014, 10:50:52 PM 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)
Title: Re: What should Dogecoin Inflation be? Post by: anderl on June 02, 2014, 12:05:51 AM 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. Title: Re: What should Dogecoin Inflation be? Post by: Coin_Viking on June 02, 2014, 12:16:46 AM 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% Title: Re: What should Dogecoin Inflation be? Post by: ChekaZ on June 02, 2014, 12:25:17 AM I would say it should be less than 1%
Title: Re: What should Dogecoin Inflation be? Post by: Pente on June 02, 2014, 12:43:09 AM 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. |