[ANN][DOGE] Dogecoin - very currency many coin - v1.10.0

[juliao19]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

[psionin]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future?

The only issue with Doge emission is that a lot were created at the beginning (100 billion generated in 2014, starting with 1M doge block rewards) and dumped onto the market at a time of the Shitcoin Renaissance, when the market was already saturated by countless other new alts. So there is a significant amount available for sale, but this is not a bad thing because it allows people to enter at a price that is not overhyped and massively inflated like some other coins out there.

The important thing to understand here is that there is no problem with the current emission schedule of 10K doge per block. It costs just $10 for miners to validate a new block, which is very low compared to the other main cryptos:

Bitcoin: $60,000/block
Bitcoin Cash: $4,600/block
Litecoin: $1,300/block
Ethereum: $1,600/block
Dash: $1,100/block
Dogecoin: $10/block

This $10 block reward equates to about 4.7% yearly increase in the Doge supply, which is not scheduled to approach 0 like Bitcoin, but isn't really inflationary either (the dogeconomy has been growing at a much faster pace), and because it is a constant block reward, the yearly increase would fall to 2.4% in 20 years when the total supply doubles.

[easyrimka]

nice grow of dogecoin !

[honuris]

at the current price dogecoin is a good investment for the long term? how can the price increase in the future?

[starmman]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

[no-ice-please]

Hello friends,
Would not it be a good idea for the community to press dogecoin administrators to promote an update that would limit the number of dogecoins that could be mined in the future? Of course I do not even know if this possibility exists, I even thought of creating a campaign for some government in countries with hyperinflation like Venezuela to adopt dogecoin instead of its national FIAT currency ... but that would be a dream for us dogecoins fans and especially for the holders of large quantities of shibes...

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

Having no mechanism to control currency supply is really not ideal and 5% per year should not be underestimated. If there were services that could be used by burning DOGE, there is a higher chance of reaching a good balance.From an investor's point of view, DOGE would not be the ideal choice. But this is not to say that DOGE is only serving investors' interests. It rather aims at mass adoption and that goes hand in hand with investors' interests, but only to some degree should the supply never be limited.

[starmman]

Not for me - I think that limiting the total number may actually be worse, the no limit makes DOGE different to most other coins and is a USP, this will encourage growth even after all BTC are mined, currently the number of coins are limited to around 5% per year and rewards decreasing  as difficulty increases. I dont think there will be a hyper inflation with DOGE - as more people adopt to using the coin >5% per year will be minimal and ensure the blockchain can always move.

Having no mechanism to control currency supply is really not ideal and 5% per year should not be underestimated. If there were services that could be used by burning DOGE, there is a higher chance of reaching a good balance.From an investor's point of view, DOGE would not be the ideal choice. But this is not to say that DOGE is only serving investors' interests. It rather aims at mass adoption and that goes hand in hand with investors' interests, but only to some degree should the supply never be limited.

For me it doesn't matter - I invested into DOGE knowing it was inflationary, and that is factored into the market cap - I've worked pretty closely with the guys at IXC which was (I think) the first fully mined out coin - now its pretty difficult to keep interest in the coin and the block chain going. DOGE is one of the coins (come 2030+) which wont have the issue of supply running out, who will want to mine for 0 reward. I think the diminishing reward over time makes good sense, inflation will be around 3% by this time. The only way forward would be to increase the transfer fees to keep the chain moving - one of DOGE's best points is the low fee.

Looking at the long game - I personally think it will be more of a help than a hindrance, the diminishing returns will have a major advantage over a lot of the fixed PoS coins.

[juliao19]

Hello friends I want to take advantage of the current quotation to buy more doges and lower the average value (I bought more than 100 satoshis). The problem is that my coins are almost all concentrated in Poloniex and I do not trust my pc to download a wallet offline (it's very old). Does anyone know a safe way to store my coins online?

[psionin]

Hello friends I want to take advantage of the current quotation to buy more doges and lower the average value (I bought more than 100 satoshis). The problem is that my coins are almost all concentrated in Poloniex and I do not trust my pc to download a wallet offline (it's very old). Does anyone know a safe way to store my coins online?

One way to do it is to save a wallet generator site like https://dogecoinpaperwallet.net to your computer, disconnect it from the internet, and then open the page to generate and use a paper wallet (it runs client side, and thus offline). That would be a simple way to have cold storage doges, although it's not very convenient.

For convenience and security (and immediate online access), the best option is a hardware wallet, like the Ledger Nano.

[supercanon]

at the current price dogecoin is a good investment for the long term? how can the price increase in the future?

Of course, its a well established project
so much wow

[starmman]

at the current price dogecoin is a good investment for the long term? how can the price increase in the future?

Of course, its a well established project
so much wow

Yeah - I think the price is very good right now - I usually accumulate DOGE when price < 32sat

[BTCMILLIONAIRE]

So I haven't really followed this one actively in a while.

Is there any active development going on or planned for Doge?

[Smartybits]

at the current price dogecoin is a good investment for the long term? how can the price increase in the future?

Of course, its a well established project
so much wow

Yeah - I think the price is very good right now - I usually accumulate DOGE when price < 32sat

Thank you! You told me a very important thing about trading!

[BlackTurtle]

What is the use for this coin?
If there is any

[Zabivelli]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

isn't there billions of doge coin?.. 46k doesn't seem much for a long hold. Buy some more on the dips or sell.

[Athreos]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

isn't there billions of doge coin?.. 46k doesn't seem much for a long hold. Buy some more on the dips or sell.

111,392,579,976 as of today.

[Khurram Bin Kamal]

Why the price of this coin is so low it's been there for ages I think from 2013 and the price is dropping as the supply is increasing

[Athreos]

Why the price of this coin is so low it's been there for ages I think from 2013 and the price is dropping as the supply is increasing

The supply is increasing but the demand isn't.

[Zabivelli]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

isn't there billions of doge coin?.. 46k doesn't seem much for a long hold. Buy some more on the dips or sell.

111,392,579,976 as of today.

FFFF dude, this is too much. The price won't move anywhere with this big of supply.

[thiec]

I was recently reminded of possessing Dogecoins. My wallet is now almost up to date after having been inactive for over 3 years. Currently have 46400 DOGE. What do you guys think, keep, sell, buy more? Bought some LTC today as well.

isn't there billions of doge coin?.. 46k doesn't seem much for a long hold. Buy some more on the dips or sell.

111,392,579,976 as of today.

FFFF dude, this is too much. The price won't move anywhere with this big of supply.

The price didint move not because of supply but lack of innovation lately
Since people expect more use of DOGE to drive the demand that finally drive the price

Side note, doge price in USD already up since few years ago and at least its cover usd inflation.

Dont hope so much in term against btc, DOGE wills tay below 50 satoshi for very long time if dev not come with something interesting