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Yes, Dogecoin's inflation rate decreases with time and eventually hits zero. The crypto community thinks Dogecoin embarrasses them and it's become cringey watch
by practicalpants 5y ago
Yes, Dogecoin's inflation rate decreases with time and eventually hits zero. The crypto community thinks Dogecoin embarrasses them and it's become cringey watching them react so severely to it. It's a fun thing no more risky or silly than NFTs.
- skybrian 5y agoIt started out as a fun joke, but we found out that when you cross a joke with a actual working cryptocurrency, you get a cryptocurrency, and it doesn't matter how ironically we used it way back when since the similar bad stuff is going to happen as with other cryptocurrencies. No worse than NFT's, sure, but NFT's are crazy.
- arcticbull 5y agoIt's a mirror for the crypto community. All the same arguments they make for the supremacy of Bitcoin are actually better made with Doge. - Doge is the best performing asset class of the last decade. - Doge is the best performing asset class of all time. - Doge has lower transaction fees ($1.24 vs $20). - Doge has 10x as many blocks, so much more capacity. - Doge transactions are much faster. - Doge has a dog on it. Frankly it's better in every way than Bitcoin and this makes the maxis very sweaty. It's making them scared for their paper windfalls.
- fastball 5y agoHow is Dogecoin better performing than Bitcoin, even on a decade timescale? BTC was $1 in 2011, so 50,000% gain in a decade. Definitely not better performing of all time, as before 2011 Bitcoin was also worth pennies at various points (just like DOGE). Except now BTC is worth $50k and DOGE is worth $0.30.
- arcticbull 5y agoSince it came later you can set the Doge price in 2011 to $0 and see in fact it was an infinite gain. It needn’t be around as long to be the best performing asset of all time. The fact ones worth $50K per unit and one $0.30 per unit is irrelevant because one has astronomically more units.
- fastball 5y agoYes, an asset that didn't exist yet was indeed $0 in 2011. But I'm sure we can agree that starting your measurement from 0 is obviously a silly way to look at this, as any non-worthless asset class invented in the last decade has therefore also experienced infinite growth by that standard, tying them all for first with DOGE. With regards to "all time", DOGE has more units but its market cap is still lower than BTC (in fact its 5th best by market cap), so I remain confused as how it is the best performing asset class of all time. In any case, ETH is better performing by all metrics compared to DOGE. Infinite performance since 2011 and a higher market cap.
- 1996 5y agoWhile you are anti BTC, it seems to me you find some interest in DOGE. Would you be willing to use it?
- fshbbdssbbgdd 5y agoDoge is way more useful than NFTs - the coins are fungible!
- meowster 5y agoIf you can diferentiate dogecoin transactions/amounts/addressses, it is not fungible.
- vageli 5y agoYou can differentiate physical bills by serial yet we consider currency to be fungible, no?
- meowster 5y agoThere is no distributed, immutable ledger that everyone can access that records every physical bill transaction.
- fshbbdssbbgdd 5y agoItems are priced in Doge and I can go buy them with the stated number of Doge (same deal as BTC or ETH). Meets my definition of fungible.