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Author Topic: [ANN][DOGE] Dogecoin - very currency many coin - v1.10.0  (Read 3002216 times)
Litvin
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December 31, 2017, 12:50:07 PM
 #26321

Why is this coin pumping up recently? I thought it was a joke coin with unlimited inflation.

Here I explain what unlimited inflation means in practice.
https://bitcointalk.org/index.php?topic=2306444.msg27070100#msg27070100

In short, to compare Dogecoin with a more valuable currency with limited inflation we must use the Megadoge (1 million doges) because its basic unit is very small.

Summarizing:

Value:
1 BTC = $14,650
1 MÐ = $8,500

Current supply:
BTC = 16,769,287
MÐ = 112,537

Rich address with 1-10:
BTC = 556,563
MÐ = 7,184

New supply for the next 5 years:
BTC = 3,000,000 (estimate)
MÐ = 25,000

Total supply the next 1000 years:
BTC = 21,000,000
MÐ = 5,000,000 (estimate)

Do you still think that unlimited inflation is a problem?


Great write-up! I compared emission stats across a few coins a bit over a year ago - and Doge is actually rather conservative with its emission.

https://bitcointalk.org/index.php?topic=1698862.msg17036346#msg17036346


It's amazing that people keep repeating the line about Doge inflation being negative without knowing what they are talking about.




Of course that inflation has negative impact. Doge 5% per year is 5 billions of DOGE every year. By today price it is 3000 BTC or 40 millions dollars.So you have to find new investors who will be willing to invest 3000 BTC yearly just not to allow new minted coins to push price down.Because DOGE was not developped by years,no marketing,no any practical use,it is very difficult task.

Also DOGE has problem it has mined far too quick.Massive supply makes tremendous pressure on price and 5% of inflation in these circumstances is too big.No serious investor will like that,so money goes to more developped coins with strong developping and marketing teams.These are reasons why DOGE is just quick pump/dump coin like many others.


Do not be surprised there will be a lot of such "analysts" - these are representatives of the world of the strong.
Now there are very important events in the world of crypto-currencies. This market includes large investors, they want to arrange a redistribution of the market. Having devalued the clean and transparent crypto money on their front scams.
People from the government, officials, bankers, oligarchs, their agents and representatives will find faults even in those crypto-currencies in which they simply do not exist.
They will write to you will indicate 4% of inflation trouble! And Ripple = RIP unlimited emission from one firm!
Ripple is one big drawback, but this will not prevent him from becoming the first crypto-currency in the world within a year. You will not hear any bad news about Ripple from officials, bankers, capitalists in the media!
It invested billions of money from thieves and corrupt officials from power. But remember Ripple = RIP.
They do not like crypto-currencies such as Dogecoin - after all, without developers and investments, it keeps at the level of the world's best crypto-currencies. This makes them very angry with it as a bone in their throats, billions are invested and they are waiting for the profit from these investments.
Their task is to devalue the market for independent crypts. Ripple RIP will collect the capitalization of decentralized crypts and burst like a bubble - this is an ordinary pyramid created by the authorities and banks.

  We need to rally and act as one line against this government takeover.
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December 31, 2017, 01:21:50 PM
 #26322

How can a 5% annual devaluation affect a product that is expected to revalue at least 100%?

Dogecoin has a potential market of 100 million users, especially young people in games, social networks, and tips to thank comments and content. That is, even if there was not a single investor, there are 1100 dogecoins for each user. If we take into account investors and people with large numbers, probably less than 50 dogecoins for each user.

With these simple estimates, it is easy to verify that each dogecoin can be worth more than 1 dollar, much more if a speculative spiral is created. With or without inflation.
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December 31, 2017, 02:27:57 PM
 #26323

CHECK NEW UPDATED
What about Korean, Japanese and Chinese versions of doge website? It seems to me, that DOGE is underrepresented in east Asia. I cant see many doge trading exchanges there either. This should be changed, for the upcoming year of dog Smiley

A broader exposure in the asian countries would be indeed a good idea to increase the distribution and price

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December 31, 2017, 03:44:14 PM
 #26324

unlimited inflation is nothing. In doge we trust. this is the cutest coin in the world. See doge icon. I dont know why people can sell it. HODL HODL

hold coz the dog is nice ? im reading this topic since months, and i clearly understand this is a meme coin, without futur supported by kids who like dogs.
But luckily for you, everything can happen in crypto world.
What's good about Ripple = RIP?

But in a year or earlier - it will be the first "crypto-currency" in terms of capitalization. And all because Ripple LABS is a company that is bought out by bankers and oligarchs. It pours in the money of companies, because companies are not private customers and they need guarantees. Each large company has a board of directors, investors, founders and they need guarantees, they must be insured against big risks. But they also need to make a profit and as much as possible and faster. Therefore, they invest in a totally controlled, centralized company Ripple Labs = RIP.
Decentralized crypt can in turn count on private customers and small companies, large capitalists will not invest in decentralized crypto-currencies, they are not under their control and the risk is very high, there are no guarantees, and they need to be accountable and accountable to investors and founders.
But for a normal private person and amateur crypts, the risk from a centralized system is many times higher, companies will withdraw their and depositors' money, but you are not likely to have time.
 It's also very easy to hack into a centralized system and again you will be left with nothing.
Also, no one is insured from private individuals from a huge and uncontrollable release (emis) of an unlimited amount of money in a centralized crypto currency, again you lose everything (inflation) or almost everything.

The government can easily destroy Ripple and other centralized currencies if they are interested in it and again you lose everything, and the state withdraws its funds and funds before the destruction.
States do not admit that they created Ripple, but when it collapses, the states will first introduce a ban on crypto currency. Due to the fact that private individuals will lose billions of dollars in total.
And this will be an artificial creation, and after the destruction of the centralized crypto-currency by the state, and all crypto-currency will fall under the ban.
FractalUniverse
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December 31, 2017, 04:23:10 PM
 #26325

What's good about Ripple = RIP?
The best part is, that Ripoff Labs mostly owns it and can dump up to 1 billion a month onto its self-made pumps  Tongue  Grin
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December 31, 2017, 04:31:31 PM
 #26326

1 doge= 1 doge = 1 doge
https://www.reddit.com/r/dogecoin/comments/7n8omw/1_doge_1_doge_1_dolar/
https://i.redd.it/gnrp67sao9701.jpg
 
2018 is going to be the year of the Doge!
https://www.reddit.com/r/dogecoin/comments/7n8g1w/2018_is_going_to_be_the_year_of_the_doge/
https://i.redd.it/vdzz6gmbe9701.jpg

NEWS FROM INDIA TODAY!
Peoples of INDIA  already start  selling 1 Dogecoin =1 INR ($0.016 usd)
https://globalcoinreport.com/heres-one-reason-dogecoin-doge-hit-dollar/
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December 31, 2017, 08:16:08 PM
 #26327

A happy new year for everyone here. Grin Grin

Litvin
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December 31, 2017, 09:21:27 PM
 #26328

Thank you all for your work. You are doing a lot for our community.
 Accept the most sincere and heartfelt congratulations on the New Year!

These holidays I consider to be a frontier for summing up the results of the past year, which proved the multiple growth in value, a starting point for new cases and beginnings of DogeCoin.
 I wish all the longevity of the whole decentralized crypt and bright victories over the top list of DogeCoin coins, he deserved it.

Let for all 2018 be the time of confident development of our community, stability and harmony, will be generous to good deeds and high achievements.

With all my heart I wish you, that in the new year, happiness, joy, luck, warmth, goodness and prosperity must come to every house, every family!

Let all your good dreams come true! Good health to you and your loved ones!
 And may the New Year 2018 be a real New Year's Day DogeCoin !!!
thunderjet
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December 31, 2017, 10:49:29 PM
 #26329

How can a 5% annual devaluation affect a product that is expected to revalue at least 100%?

Dogecoin has a potential market of 100 million users, especially young people in games, social networks, and tips to thank comments and content. That is, even if there was not a single investor, there are 1100 dogecoins for each user. If we take into account investors and people with large numbers, probably less than 50 dogecoins for each user.

With these simple estimates, it is easy to verify that each dogecoin can be worth more than 1 dollar, much more if a speculative spiral is created. With or without inflation.

Potential is one thing,reality is something completely another.How you think that DOGE can reach such potential without full time developper team and powerful marketing?It needs a lot of dedicated work and few hypers here and on Reddit cant do this.So,simple estimates often goes to wrong conclusions.DOGE worth more than 1 dollar is pure fantastic.It is possible only and only if BTC goes to 1 million and that is not going to happen soon.

DOGE 5% annual inflation wont be a problem if DOGE would still be in mining phase.But it isnt and 5% on already mined full supply is a lot.You cant persuade me that 5% of inflation will be better for DOGE instead of 1%.It is basic economics.
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December 31, 2017, 10:50:44 PM
 #26330

  A happy new year for the Doge community, and may we have a 2018 full of news for this coin.
  
   2017           2018
  1 Doge  =  x10 Doge

Get free laszlocoin.
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December 31, 2017, 10:55:24 PM
 #26331

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!
canibalgb
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December 31, 2017, 11:32:12 PM
 #26332

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!



Hey man, this is really amazing. That's great news for me!


Get free laszlocoin.
thunderjet
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December 31, 2017, 11:34:08 PM
 #26333

Why is this coin pumping up recently? I thought it was a joke coin with unlimited inflation.

Here I explain what unlimited inflation means in practice.
https://bitcointalk.org/index.php?topic=2306444.msg27070100#msg27070100

In short, to compare Dogecoin with a more valuable currency with limited inflation we must use the Megadoge (1 million doges) because its basic unit is very small.

Summarizing:

Value:
1 BTC = $14,650
1 MÐ = $8,500

Current supply:
BTC = 16,769,287
MÐ = 112,537

Rich address with 1-10:
BTC = 556,563
MÐ = 7,184

New supply for the next 5 years:
BTC = 3,000,000 (estimate)
MÐ = 25,000

Total supply the next 1000 years:
BTC = 21,000,000
MÐ = 5,000,000 (estimate)

Do you still think that unlimited inflation is a problem?


Great write-up! I compared emission stats across a few coins a bit over a year ago - and Doge is actually rather conservative with its emission.

https://bitcointalk.org/index.php?topic=1698862.msg17036346#msg17036346


It's amazing that people keep repeating the line about Doge inflation being negative without knowing what they are talking about.




Of course that inflation has negative impact. Doge 5% per year is 5 billions of DOGE every year. By today price it is 3000 BTC or 40 millions dollars.So you have to find new investors who will be willing to invest 3000 BTC yearly just not to allow new minted coins to push price down.Because DOGE was not developped by years,no marketing,no any practical use,it is very difficult task.

Also DOGE has problem it has mined far too quick.Massive supply makes tremendous pressure on price and 5% of inflation in these circumstances is too big.No serious investor will like that,so money goes to more developped coins with strong developping and marketing teams.These are reasons why DOGE is just quick pump/dump coin like many others.




40 million USD (yearly DOGE inflation) is less than today's daily volume. Meanwhile this year's growth in the market cap is 3600%, meaning that the increase in adoption of the currency and resulting demand from that is thousands of times greater than the daily supply increase was able to meet. How is having 5% emission in any way a negative compared to 0% during this time? Are people seriously arguing for wanting to make just a tiny bit more than the X36 increase in one year? I don't think so - it is just an imbecilic argument that anti-Doges use to attempt to destroy the coin. Now if we are talking about the years to come, the growth in new users may drop off after a while, but it's probably going to take at least a few years until it drops off to below the level of inflation, and even in that case, there is still a decrease in supply from lost coins (likely more than 2% a year) and a decrease in prices from economic growth (2%), while by that time the percent of emission would only be around 3%! The best coins have around 1-3% yearly inflation, and yet only in the Doge section there is a constant shrieking about "muh inflation".

As for the initial release of many coins quickly (100 billion in the first year), I totally agree with you, it was done way too fast and seemingly recklessly, with the only goal of pumping and dumping it all onto a passive market. But it's been 4 years since then and a lot of the DOGE has been bought up, so I don't see any issues with it in the context of today's Dogecoin. It's really quite ironic that when they were generating the "endless infinite supply Dogecoin", which is a metaphor for the initial low hash rate 1 million, 500K, etc, Doge blocks, there was nothing said about it except hype, and after everything was sold, all sorts of trolls come out of the woodwork to talk about the "Doge inflation problem". Anyway, it seems that most of these initial coins were circulated through the market, passing through many hands, and so it's not an issue any longer. Also, it is much better for a coin to be mined like this (with an excessive supply at the beginning) than to be created within a centralized system by the decision of some person or committee (e.g., Ripple), which is not open to the whole market. A lot of these "developed coins with ... strong marketing teams" that you are referring to are probably just Ethereum tokens that can be created at will in any amount without being openly/fairly mined by anyone in the world, and it can be argued that they are not even real cryptocurrencies. Doge on the other hand has stayed true to the spirit of Satoshi's Bitcoin and so it remains as an excellent choice for any crypto investor.



You have to different inflation from coins that are still in the mining phase and the ones which mining is over.DOGE initial supply is huge and 5% is a lot on such huge supply.I agree with you that DOGE has to have some inflation and 1-1.5% would be ideal.Coin market cap is not real indicator of coin strength - truth is that if you dump just 10% of any coin it would lead to complete market crash.You are talking that 3000 BTCs annual inflation is less than todays volume,but fact is that 90% of volume is generating from bots trading same coins over and over.

If you are right then DOGE price in BTC would be far more stable and significantly bigger.Fact is that we have 2-3 days pump to 150 satoshi and huge dump to initial price in a matter of few days.Such behaviour is main indicator that coin is in hands of quick profit pump/dump group,not interested for progress and stability.Another indicator of such situation is that DOGE has far narrower wealth distribution than BTCs :  1-10 BTC in DOGE is in max. 7184 people hands and in BTC it is more than 550,000 - DOGE is 80x more concentrated than BTC.

That poor wealth distribution wont be a case if DOGE has active developper and marketing team which will be able to bring much more small and big investors in DOGE and then even 5% inflation wont be a problem.More investors,more stability.Present situation is good just for pump/dump team who control DOGE.Agree with your opinion about Ripple.




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January 01, 2018, 02:30:39 AM
 #26334

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!

I hope they wont cook them more than past year then Sad

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January 01, 2018, 02:44:46 AM
 #26335

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!

I hope they wont cook them more than past year then Sad



Get free laszlocoin.
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January 01, 2018, 03:11:44 AM
 #26336

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!

I hope they wont cook them more than past year then Sad

i think  2018 is year of the Dog , dogecoin will rising up , the dogecoin price come back 160 satoshi .

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January 01, 2018, 05:24:30 AM
 #26337

NEWS 2018!
Bitcoin will be traded so few times that it will no longer be cryptocurrency.
Currency is useless if untraded. Buy Doge and Doge will forever be traded for lifetime.

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January 01, 2018, 07:26:18 AM
 #26338

VOTE - voting Should be held to remove Ripple from coinmarketcap.com
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January 01, 2018, 07:39:06 AM
 #26339

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!

I hope they wont cook them more than past year then Sad

i think  2018 is year of the Dog , dogecoin will rising up , the dogecoin price come back 160 satoshi .
Me too, but it should be dumped to below 50 satoshi before coming back. ^^ I have already sold all of coins I had, now I need to accumulate again.

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January 01, 2018, 07:52:36 AM
 #26340

2018 is the Chinese year of the Dog. Strong superstition in Dogecoin’s favor for this year!

I hope they wont cook them more than past year then Sad

i think  2018 is year of the Dog , dogecoin will rising up , the dogecoin price come back 160 satoshi .
Me too, but it should be dumped to below 50 satoshi before coming back. ^^ I have already sold all of coins I had, now I need to accumulate again.

Hard to say atm, but what we do know is doge has had 400% profit from the 15 sats low it was, and has retraced 13% from this last high of 74. It's anybody's guess where we're headed next.

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