Dogecoin is now infinite!

[scarface]

i would be upset if a coin i invested in was marketed in the beginning with lines like 'soon all will be mined' an such and then at a sudden it is infinite.
Don't the holders feel screwed, scammed, betrayed a bit? I certainly would and am happy now i didn't buy any.
If you want money for circulation buy freicoin. At least the logo is not so stupid and the devs knew before they  started what they wanted - inflation or deflation.

So investors are at the merci of the devs who can decide to switch from inflation to deflation again and back and forth as much as they want since everything is an experiment anyways? Looks very amateur to me.
Sudden changes like this upset people and drive them away from crypto all together since the investor doesn't know what will be changed next. Coins that change the rules in the middle of the game? Are you serious? Is this how you build trust?
Devs should have released a new coin instead of making that dramatic changes. What would you say if btc no longer was capped? rofl. Well screwed up.

So essentially hoarding doge now became pointless since it is now infinite and you can always mine as many as you need. Poor bagholders.

The deflation of btc and other crypto makes it an excellent store of value. If you want inflation pump USD. It is already fully adopted and accepted all around the world also less volatile. USD is in that sense far better than doge. May i ask what advantages does doge have over usd and/or other crypto now? Is it the in-between-undecided-joke-coin for the clueless? Admit it already. We'll see it fade out as soon the meme has worn out, i am sure.   I just hope the damage for the reputation for crypto in general can be contained to some degree.

I wonder how long it takes for the long-term-guys to realize that their investment has been devalued and how high the dead cat will bounce.

are you not paying attention to anything? dogecoin will be used as a currency not a speculative asset like gold or bitcoin, no one lied to anyone from the moment the coin launched it was on the code that after block 600,000 it would always be 10,000 coins, you must be delusional if you think you can "mine as many as you need" once we reach 10,000 coins per block, dogecoin growth will continue as block rewards lower meaning higher value.

70% of bitcoins have never even spent how do you expect bitcoin to ever be a currency when no one spends their money?

even with the 5% inflation (which lowers (coin wise) ever year due to it being fixed) the value of this coin will rise, not because its a deflationary asset but because of the GROWTH this coin will continue to get, litecoin and bitcoin bagholders are just scared of any true competition which is why they have released the hounds on dogecoin, quite sad really.

[rix5]

i would be upset if a coin i invested in was marketed in the beginning with lines like 'soon all will be mined' an such and then at a sudden it is infinite.
Don't the holders feel screwed, scammed, betrayed a bit? I certainly would and am happy now i didn't buy any.
If you want money for circulation buy freicoin. At least the logo is not so stupid and the devs knew before they  started what they wanted - inflation or deflation.

So investors are at the merci of the devs who can decide to switch from inflation to deflation again and back and forth as much as they want since everything is an experiment anyways? Looks very amateur to me.
Sudden changes like this upset people and drive them away from crypto all together since the investor doesn't know what will be changed next. Coins that change the rules in the middle of the game? Are you serious? Is this how you build trust?
Devs should have released a new coin instead of making that dramatic changes. What would you say if btc no longer was capped? rofl. Well screwed up.

So essentially hoarding doge now became pointless since it is now infinite and you can always mine as many as you need. Poor bagholders.

The deflation of btc and other crypto makes it an excellent store of value. If you want inflation pump USD. It is already fully adopted and accepted all around the world also less volatile. USD is in that sense far better than doge. May i ask what advantages does doge have over usd and/or other crypto now? Is it the in-between-undecided-joke-coin for the clueless? Admit it already. We'll see it fade out as soon the meme has worn out, i am sure.   I just hope the damage for the reputation for crypto in general can be contained to some degree.

I wonder how long it takes for the long-term-guys to realize that their investment has been devalued and how high the dead cat will bounce.

are you not paying attention to anything? dogecoin will be used as a currency not a speculative asset like gold or bitcoin, no one lied to anyone from the moment the coin launched it was on the code that after block 600,000 it would always be 10,000 coins, you must be delusional if you think you can "mine as many as you need" once we reach 10,000 coins per block, dogecoin growth will continue as block rewards lower meaning higher value.

70% of bitcoins have never even spent how do you expect bitcoin to ever be a currency when no one spends their money?

even with the 5% inflation (which lowers (coin wise) ever year due to it being fixed) the value of this coin will rise, not because its a deflationary asset but because of the GROWTH this coin will continue to get, litecoin and bitcoin bagholders are just scared of any true competition which is why they have released the hounds on dogecoin, quite sad really.

yeah, bitcoin is less of a currency and more a store of value like gold. Doge is then less like gold and more like usd. I am fine with that since i don't have doge. Since the long-term-hoarding-aspect has been made pointless some fallout of early investers should be expected at rising prices i think, but don't really care that much about it. I still believe in freicoin.

[ZeroBarrier]

Store of value, IPO, investors, sell high & buy low; all these terms...

Where's the currency aspect in the word crypto-currency with all these BS terms flying around? Might as well have called most of these crypto-stocks.

Seems to me that the Dogecoin community is about the only ones poised to have the first actual crypto-currency on a massive scale; and yet we have people spreading FUD about how a 5% inflation in the first year and a diminishing % of inflation every year after is somehow a bad thing and how it will kill Dogecoin value.

Let me let you in on a little secret; the Dogecoin community is the one who gives Dogecoin it's value, and they have an incredibly strong community in the 2 short months since it's inception. So strong in fact that when everyone else is screaming bloody murder over this issue, they're mining away and telling their fellow "Shibes" to hold. Any other coin would have long since died with the type of attacks Dogecoin gets from users on these forums.

Dogecoin may not be the crypto-currency you use to buy your next house or car directly with, but it's a damn good start to getting there.