item-ax
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October 11, 2017, 07:43:26 AM |
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` so many coins the real problem of dogecoin is the supply , yes, thats why this will never reach 1$
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no-ice-please
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October 11, 2017, 09:46:00 AM |
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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. You know, it is not that I would really disagree with you. I like the points you make, but I was just suggesting that services which provide some sort of currency issuance control would be really helpful. Services that use DOGE and burn the currency or something. Having a constant increase of the supply with no limits seems not reasonable. As for the fact that everything is priced in, I think people are more cryptocurrency investors than economic model investors at this point in time. And I even count myself into that category. Who of us really knows how these things are going to play out? We all try to come up with smart thoughts, but it is still difficult to assess the situation overall. DOGE is cool and great, I won't argue about that, I am just not sure whether the economic model makes long-term sense (same counts for BTC). Well,the point is, you're speaking of centralization. That's not the path. And FIAT is going to have much more inflation than Doge, so no prob. In another vein, too many trolls newbies lately, isn't it? besides my loved easyrimka How exactly would a service that accepts DOGE as a usage token centralize the currency? You might be right, I just don't fully understand it at this point.
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Hullo
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October 11, 2017, 09:51:20 AM |
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There were many usages of Doge from fast funds transfers between exchanges to be able to avail opportunities. I also did this thing to be able to transfer fast as Bitcoin was sometimes taking too long. Also gambling sites were using as well. I was involved in day trading and many people were making money from margin trading. It will still be among other markets this is how I see its future.
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DADIBLAND
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October 11, 2017, 10:08:02 AM |
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Why Ripple Coin Is High Against DOGE As we know RIPPLE Supply 100000000000 COIN
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Zontop
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October 11, 2017, 10:12:44 AM |
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Snip ~~~~~
That is because of highly centralized supply and proper team behind the project. Doge is community driven project but lack of resources and technical support is the main difference. I can digging in Doge and saw it was promoted high few years ago where community sponsored formula race car. It just lost the momentum because of so many other coins/tokens.
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thiec
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October 11, 2017, 10:29:46 AM |
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Why Ripple Coin Is High Against DOGE As we know RIPPLE Supply 100000000000 COIN
Ripple Circulate is 38,600,451,446 XRP, Your number is total supply Doge Circulate is 111,448,555,719 DOGE, and total supply is unlimited Now, you could see the different
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boltz
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October 11, 2017, 10:32:36 AM |
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Why Ripple Coin Is High Against DOGE As we know RIPPLE Supply 100000000000 COIN
Ripple Circulate is 38,600,451,446 XRP, Your number is total supply Doge Circulate is 111,448,555,719 DOGE, and total supply is unlimited Now, you could see the different We all know that RIpple is backed up by banks since a while , so why we would compare ripple with doge ? Doge is loved by a lot of people and the price between them is not important because the doge will be here in years no matter what. Doge is one of the coins that has atttracted so many users in cryptoland that it simply cannot be ignore by anyone. Also , a lot of us said 1year ago that doge is dead etc , no chance for it to comeback and then suddenly , boom.
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BTCMILLIONAIRE
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October 11, 2017, 12:02:33 PM |
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Why Ripple Coin Is High Against DOGE As we know RIPPLE Supply 100000000000 COIN
Ripple Circulate is 38,600,451,446 XRP, Your number is total supply Doge Circulate is 111,448,555,719 DOGE, and total supply is unlimited Now, you could see the different We all know that RIpple is backed up by banks since a while , so why we would compare ripple with doge ? Doge is loved by a lot of people and the price between them is not important because the doge will be here in years no matter what. Doge is one of the coins that has atttracted so many users in cryptoland that it simply cannot be ignore by anyone. Also , a lot of us said 1year ago that doge is dead etc , no chance for it to comeback and then suddenly , boom. Of course people can ignore it if there's no more developing going on. This coin needs either devs, or a stronger community that actively promotes Doge everywhere on the internet. And right now neither is happening.
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easyrimka
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October 11, 2017, 12:08:41 PM |
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there was a tweet today saying it will be adopted by bank of china
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BTCMILLIONAIRE
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October 11, 2017, 12:09:09 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol.
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easyrimka
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October 11, 2017, 12:10:46 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money
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flekkelek
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October 11, 2017, 12:12:28 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money Well, he can't do anything about it now. :/
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BTCMILLIONAIRE
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October 11, 2017, 12:12:42 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money Alright. Good luck with your stake farming then.
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starmman
Legendary
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Activity: 1484
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October 11, 2017, 02:15:33 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money Well, he can't do anything about it now. :/ Bitcoin uptake in Africa has been pretty slow so far - so will take a lot for that to work. Tech adoption is still pretty sparse in some parts of Africa.
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boltz
Legendary
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Activity: 3220
Merit: 1199
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October 11, 2017, 02:33:07 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money Well, he can't do anything about it now. :/ Bitcoin uptake in Africa has been pretty slow so far - so will take a lot for that to work. Tech adoption is still pretty sparse in some parts of Africa. I think it's too early to speak about a bigger adoption for bitcoin users from Africa and Africa itself and indeed a lot of work is required. You're right , in some part of Africa the adoption of the tech is poor and slowly but in some parts the tech is shining so there is place for bitcoin for sure.
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gembitz
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October 11, 2017, 03:09:23 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money nigerian banks are backing doge *trust me*
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©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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starmman
Legendary
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Activity: 1484
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October 11, 2017, 06:13:20 PM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money nigerian banks are backing doge *trust me* Then I'm selling my house for DOGE and will put all trust in Nigeria
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item-ax
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October 11, 2017, 07:30:26 PM |
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Lol, Nice news from nigérian Banks, to the moon !
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thiec
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October 12, 2017, 05:27:17 AM |
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there was a tweet today saying it will be adopted by bank of china
Are you talking about Ripple still or are you trolling, lol. no troll, trust. also, mouammar kaddhafi said doge will be 9$ because he want this crypto to replace all african money nigerian banks are backing doge *trust me* But you dont have "a trust" to trust
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item-ax
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October 12, 2017, 07:24:33 AM |
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Nigerians banker are the best, they know all the kings and all their family is minister , they all need to transfer money to switzerland and they need our help, i think this is a great opportunity for doge to work with them in order to transfer money
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