3 ms·
Hmm. Interesting chart but could you explain how you are calculating inflation? Dogecoin reward halves every other month until mid 2015
by ck2 13y ago
Hmm. Interesting chart but could you explain how you are calculating inflation?
Dogecoin reward halves every other month until mid 2015
- saalweachter 13y agoSorry; I was just working off the "5 billion coins a year" title. I am just taking the number of new coins created in a year, and dividing it by the number of coins already in the money supply. So if Bitcoin was creating X bitcoins per year for the first four years, the inflation rate for year four was X / 3X = 33%. In year 5, they halved the reward rate, so the inflation rate for year 5 was X/2 / 4X = 12.5%, and for year 6 it was X/2 / (4X + X/2) = 11.1%. If Dogecoin were minting a constant 5 billion coins per year, then the inflation rate is much simpler: it is always (100/N)%, which is the well-known harmonic series. Accounting for the initial money supply of 100 billion Dogecoins, it basically just starts further down the harmonic series, and Dogecoin's inflation rate would be 100/(20+X)%, which looks like 5%, 4.8%, 4.5%, 4.3%, 4.2%...