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1  Alternate cryptocurrencies / Altcoin Discussion / Serious Question: Bitcoin Monetary Policy vs Dogecoin Monetary Policy on: April 28, 2021, 05:13:31 PM
So I know that this might sounds crazy, but it’s something that I have been thinking about and can’t fully wrap my head around.

Bitcoin - 50 coins issued every 10 minutes initially and being cut in half every 4 years.

Dogecoin - 100 Billion coins issued initially and 10,000 coins issued every minute thereafter (assuming that the network is secure enough to not allow changes to this).

So my question is... Dogecoin seems to have a stock to flow that is very similar to gold (assuming it doesn’t change). The stock goes up but the flow stays the same (maybe even a little harder than gold - since with gold you can allocate more mining resources as the price goes up). Bitcoin is much harder than gold since the flow actually exponentially goes down over time (and personally think this is better). That being said we in history have never had a base money layer harder than gold (gold stock is expanded by mining), and what is to say harder base layer would be effective in economic expansion? I can see that Dogecoin would be a return to a “goldish” standard (better than the government controlled fiat standard that we are on now) and Bitcoin would take it a step further.

I guess my biggest concern being a Bitcoin advocate is that Dogecoin might be hard enough (to be better than the fiat crap that we have now) and with such a “meme” culture around it, it could actually supplant Bitcoin as the base layer of the crypto economy. Not to say this is something that I want to happen as I feel that Bitcoin is better (the hardest money is the best money), but with people not knowing much about crypto and following the internet fad it might push Dogecoin into being a bigger thing than it should be.

I know that I might get responses back saying that the Dogecoin protocol is insecure and it prone to hacks, monetary policy changes, etc., but wouldn’t that improve as more people adopted it just like how Bitcoin has improved over time?

Just looking for a rational discussion on this as I haven’t seen anyone that has tackled this question (any resources that you have in this would be greatly appreciated)

P.S. I hold no Dogecoin and am a long time frame believer in Bitcoin.
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