Japan has a debt of 1000 Trillion yen! (Or 1 quadrillion.)
When we put it in perspective vs. fiat, there really isn't that many dogecoins
More and more retarded statements from lynn.
First of all, you got a whole complex network of economic activities (production and consumption) based on yen in Japan for 130 million people. Where is doge's economic activities?
Second, you got a japanese central bank setting the monetary policies controlling the interest rate and inflation rate for the yen. Where is doge's central bank? All I see is bunch of devs that just want to create more and more coins without considering the current market conditions.
Third, yen's value versus other currencies is affected by exports and imports. Who uses doge to export and import currently?
Fourth, you don't measure a country's debt, it is a meaningless number. You measure the debt to gross domestic product ratio. Currently Japan is at 230%, although not a good number, it is not unsustainable. So let me ask you, when you say "When we put it in perspective vs. fiat", what perspective is that? Maybe the perspective of a typical elementary school kid, when he sees a big number like 1000 trillion, he thinks "WOW THAT"S A BIG NUMBER, THAT"S MUCH BIGGER THAN 100 BILLION!"
And i bet you don't even know the difference between a country's debt and a country's currency in circulation, which is one of primary reasons for inflation. You think just because Japanese government got a 1000 trillion yen debt, that must mean there has to be 1000 trillion yen in circulation right? Yea think again, small fry. the US government has 17 trillion USD debt, but only 1.28 trillion dollar in circulation, and of that, 1.23 trillion is in the form of federal reserve notes, which means only 50 billion dollars are printed bills/coins. So on one hand you got the largest economy in the world, using only 50 billion dollars of bills/coins IN CIRCULATION, and on the other hand, you got your soon-to-be 100 billion dogecoins IN CIRCULATION.
"there really isn't that many dogecoins
", yea you can say that again.
SO how can you even compare a crypto dogecoin with 100 billion coins, being collected (yes, i said collected since doge's use is so limited right now) by maybe a few hundred thousand people in the world, against a currency backed by the third largest economy in the world like Japan, controlled by a central bank, used widely as an import/export currency, and with a low inflation rate over a past few years?
When we put it in perspective, we can see how little you know, lynn. So stop typing, you really aren't doing any favors for your fellow diehard shibes because how stupid you make all of them (and dogecoin) look. Or at least stick to your "1 doge=1 doge" motto, that actually make you appear LESS retarded, as pathetic as that sounds.
Thank God dogecoin didn't hire you as its official spokesperson, but as its unofficial spokesperson, i wish you would just resign already, maybe dogecoin would fall slower when you stop typing. Stop trolling your own coin.