$2 is such a high value. That would put the market capitalization of DOGE at $200B.
Let's say it hit that in 5 years, that would mean that DOGE would be almost .25% of the world's M2 supply. That's a bit too optimistic if you ask me...
Wow, I didn't realize that this was progressing so quickly.
How will you be reconciling the incorrect/not specified deposits? What if someone hasn't been keeping up to date with this and actually has their deposit as incorrect/not specified? Or what if someone used a web wallet with incompatible messaging abilities?
In that case wouldn't those coins be unprovable? Will those be chucked into the faucet or something?
I agree. Those with stake are both providing a service and taking on a particular type of risk. They are serving the network by always having a set amount of stake; and they are also taking on risks by not having their money circulate (opportunity risks, dependence on others to provide the monetary velocity needed to support the economic value of PPC, and so forth).
I wouldn't say that PPC acts like centralized banking since money isn't collected and distributed to and from, but indeed some of the financial functions that are arrived from the way it works are similar.