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Seems you are hinting at the argument that Dogecoin is exposed to special inflationary risk? I thought that was shot down long ago. https://twitter.com/elonmus
by themodelplumber 5y ago
Seems you are hinting at the argument that Dogecoin is exposed to special inflationary risk? I thought that was shot down long ago.
https://twitter.com/elonmusk/status/1358648653573992450?t=5-XbjJgP71d1Aub27Wa6hg&s=19 https://twitter.com/elonmusk/status/1358648653573992450?t=5-...
Argument from tea leaves seemingly applies to any future-looking trade into risk.
Projections that don't fit the tea leaves model are probabilities (moving average models for example) and contingency planning (hedging vs other assets you believe in), used by traders every day. It's how technical trading works. Much different from intrinsic value trades. Some part of a portfolio should be exposed to higher risk, and IMO extrinsic models as well.
- jazzyjackson 5y ago> but is not meaningfully so (fixed # of coins per unit time) Hmmm, I guess I thought 14M tokens/day was a lot, but at current supply of 132,000M, each day increases supply by 1%, and it would take about 26 years for supply to double. I guess that's a pretty reasonable rate of inflation after all. I don't love being corrected by an Elon tweet, but it is what it is. Thanks.