3 ms·
it doesn't have a cap, it's essentially designed to be a penny stock. 10000 new doge are mined every minute
by ikt 6y ago
it doesn't have a cap, it's essentially designed to be a penny stock.
10000 new doge are mined every minute
- isoprophlex 6y agoBecause that number is fixed, that does mean that inflation slowly tends to zero as time increases.
- popcorncowboy 6y agoCould you expand on how a fixed rate of monetary issue would drive inflation to zero? Aren't there other factors (e.g. velocity of money) at play? I'm struggling to understand why.
- isoprophlex 6y agoAdding 10k coins to a supply of 10k: 50% value decrease. Adding 10k coins to a supply of 10M: 0.1% value decrease. Etc., meaning inflation is positive, monotonously decreasing, and tending to zero.