Replies to post #47 on ~ The Saloon ~ Crypto & Stocks ~

[xZx]

hey, sopmodman -- here's an article that explains doge supply well:

https://www.dailydot.com/debug/dogecoin-no-mining-limit-infinite/

and elon has tweeted "bitcoin is deflationary to a fault" to support doge circulation design.

Doge appears to be inflationary, but is not meaningfully so (fixed # of coins per unit time), whereas BTC is arguably deflationary to a fault.

Transaction speed of Doge should ideally be a few orders of magnitude faster.

— Elon Musk (@elonmusk) February 8, 2021

doge co-creator billy markus on twitter has tweeted about why dogecoin's design is superior to capped coins. i'd have to dig to find that stuff.

you can show your son a supply graph of doge:

https://blockchair.com/dogecoin/charts/circulation

bitcoin is on there for comparison. few people realize bitcoin will be creating new coins until the year 2140, so it's being diluted also.

my one-liner is doge increases about 4% now, but each year that passes that annual number is a declining % of the whole, and it may not even replace coins from lost wallets, deceased hodlers, etc.

so dogecoin is long-term deflationary compared to any fiat currency. this means people will want to own it.

right now, how can we prove doge supply isn't slowing its rise? compare it to bitcoin, or any other coin for that matter. doge is leading them all. :-D

https://coinlib.io/en/compare/2021-01-01/DOGE/BTC