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

[psionin]

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.

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[pressing207]

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.

The complexity of production of coins strongly grew. https://dogechain.info/the Power of network grew in tens of times in a year.
https://bitinfocharts.com/ru/comparison/dogecoin-hashrate.html
Production is less than 5 percent on the protocol (about 4.5) now. This figure decreases every year. Therefore inflation very small will also be will decrease. More than 25 percent of coins are lost from turnover today.
In my opinion there are enough arguments for trolls.

[tooh]

Most Alt coins pair with Doge.
Most exchange sites listed Doge.
Most people can buy Doge with little $.
Fast send, low fee.
Enough for the world's citizens.
I hope in the future, I will pay 1Doge for 1 apple, 10 Doge for a cup of coffee.
To the moon>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>sweet dream

[DOGEPRICE]

HAPPY NEW YEAR 2018!
DOGECOIN GOING BREAKOUT TOMORROW!
https://twitter.com/missbitcoin_mai/status/947128799916802048

[Palakka]

Dogecoin Price Prediction 2018 - 2022
 
Dogecoin Will be $78125 worth coin by 2022, and after that time, the currency can become a joke because of inflation, as the mining has already dead and it will become profitable again when the coin rise

Dogecoin Price Prediction chart

(according to current analytics, the marketcap of dogecoin has increased 25 times comparing to last year December 20, 2016, the inflation was increased around 5 billion this year, if this continues then here is the price prediction of dogecoin)

2018 - 0.19 Cent
2019- around 5 dollar
2020- around 125 dollar
2021- around 3125 dollar
2022- around 78125 dollar
https://bitcointalk.org/index.php?topic=2610568.0

are you sure? No one believe that the price will be increase until that in 2022
because dogecoin no limit total supply of coins. It is too hard to the moon.

[Utomo]

I hope Doge can get some update so it is better.
now people see it is more than 2 years without any update

Dogecoin Core 1.10.0
released this on Nov 11, 2015

[DOGEPRICE]

CHECK NEW UPDATED
https://www.reddit.com/r/dogecoin/comments/7mn2yj/114_just_hit_a_major_milestone/
https://www.reddit.com/r/dogecoindev/
1.14 just hit a major milestone Development (self.dogecoin)
submitted 2 days ago * by rnicoll Reference client dev - announcement
Well good grief that was harder than expected, but... 1.14 now fully syncs on both test and main networks. That's a massive milestone in releasing a new client, especially after so many changes in Bitcoin Core (I've spent most of my time basically trying to find where they've moved code to).
I'm not going to do an estimated release date, because good grief that has a history of going badly, but instead going to try showing you the next steps:
Address unit test failures in block encoding which have appeared when we add a chain ID. I suspect a bad interaction with SegWit code, but honestly I'm rolling 1d20 on the random fault table here, rather than I really know.
Get tests running on Travis, so that if we accidentally break something and miss it in local testing, it should catch it for us.
Test mining on the test network.
Fix the test network when 3 predictably goes wrong.
RPC tests to ensure it works well with services (mining pools, exchanges, etc.)
Backwards compatibility tests (ensure old wallets load reliably, etc.)
Alpha release
In parallel to this, branding work will start (currently it advertises as if it's Bitcoin Core still), to make the client look like the Dogecoin we all love.
If anyone has time to help, looking at the broken tests in the 1.14-dev branch would be greatly appreciated.
I've got thoughts on 1.15, I'll share them around the point we're doing mining tests, as they should be more fixed/less gooey by then.
Stay awesome shibes!
Ross
Edit: P.S. I'm not at all on top of my messages on reddit, sorry. Maybe one day, or I'll hire someone to sort through them, meanwhile I'm not ignoring you personally, I'm ignoring almost everyone incidentally.

[jsabastine]

Bought some dogecoin a few days ago. Although don't really much about it.

[Utomo]

Thank you for the update. when it is released I think the price will grow faster

[FractalUniverse]

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

[Litvin]

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.

[dogemoon]

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.

[BitcoinBoy1337]

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

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

[Litvin]

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]

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   

[DOGEPRICE]

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/

[MarcusMillstrom]

A happy new year for everyone here.

[Litvin]

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]

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.

[canibalgb]

  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