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"ummjackson" has appeared on HN before so perhaps they will comment here as to how dogecoin could ever exceed 1000 satoshi with this decision. That is several
by ck2 13y ago
"ummjackson" has appeared on HN before so perhaps they will comment here as to how dogecoin could ever exceed 1000 satoshi with this decision.
That is several new coins for every active person on the internet, every year.
Also, the blockchain might require terabytes after a decade.
ps. if you do show up, please clarify if it is going to be a zero to 10k reward which is a different situation, or actually 10k fixed per block
- somewhatjustin 13y agoI don't see how they plan on keeping any sort of stable price with this inflation.
- kybernetyk 13y agoMy understanding was that Dogecoin doesn't want to become a "serious" currency and the sentiment in the community against the BTC-community is that they take themselves far too serious. This decision makes sense if Doge intends to stay the "great comment, I give you 10000 doge for that" fun-currency and drive out everybody whose primary intention is financial gain.
- ck2 13y agoIf that is the case the tipbots should not show USD next to the amount.
- publicfig 13y agoAt least in my opinion, that's part of the joke, showing such a small amount next to such a large amount of coins.
- waterlesscloud 13y agoIf the coin has no value, you might well just say "great comment, I give you 10000 doge for that" without the hassle of actually giving doge. Why have a whole system that accomplishes no more than merely typing the words did? Stick with the words. Easier, faster, just as much fun.
- aestra 13y agoKinda like how people used to say "+1 internets for you"?
- sixothree 13y agoOr heck, you could have greasemonkey scripts that tie the upvote button to tips.
- kybernetyk 13y ago> Easier, faster, just as much fun Easier? Yes. Faster? Yes. Just as much fun? I don't know. Psychologically a Doge has still more perceived worth than than karma. At least to me.
- aw3c2 13y ago1 DOGE will be 1 DOGE for eternity. If that is not 100% stable then I don't know what is.
- uniclaude 13y agoAre you assuming that fixed supply leads to price stability? If so, please expand.
- ceejayoz 13y ago> Also, the blockchain might require terabytes after a decade. Imagine saying "the blockchain might require gigabytes after a decade" in 2004. Here in 2014, you can get 64 GB on something the size of your smallest fingernail for $30-$40. Terabytes after a decade won't matter a bit.
- kzrdude 13y agoYou need a corresponding growth in bandwidth, too, otherwise transfer, sync, backup, restore, etc times will only grow.
- ceejayoz 13y agoHow much bandwidth did you have in 2004? I definitely didn't have 50/5 Mbps back then...
- kzrdude 13y agoI did have 10MBps and a while before that 100MBps just because of the campus network. Today in a residential area I have 22MBps down, 16 up (measured). However, that result might actually be capped by my wifi. I should have 60-100 MBps. That said, I was thinking of it all, memory bus, disk r/w speed etc.
- doyoulikeworms 13y agoFixed at 10k per block, says he: https://github.com/dogecoin/dogecoin/issues/23#issuecomment-33893825 https://github.com/dogecoin/dogecoin/issues/23#issuecomment-...