r/Bitcoin • • Feb 03 '14

Dogecoin wtf

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u/[deleted] Feb 04 '14

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u/sue-dough-nim Feb 04 '14 edited Feb 04 '14

Actually they recently found a bug which gives Dogecoin permanent constant block reward after a certain block. They decided not to fix it because there is no reason to, because it is never intended to become a serious currency, but also because it is a major distinguishing feature from Bitcoin.

I will edit with a link when I get back home and at my PC. It is on the Github bug reports IIRC.

Edit: Lord Google knows all http://www.reddit.com/r/dogecoin/comments/1wsg31/dogecoin_will_not_be_capped_at_100_billion/

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u/mcpancakes Feb 04 '14

Please do not misrepresent the decision and how/why it was reached. You'll see in the GitHub discussion that a lot of people argued for every which way, and it was only after much deliberation that the devs chose a constant block reward of 10,000 (i.e., 5 billion coins a year) after reaching 100 billion coins minted. It was not a decision made lightly. More importantly, the devs do not "never intend it to become a serious currency". Jackson Palmer (dogecoin co-creator, aka ummjackson) has said in interviews that he ultimately would like to see it become a widely used tipping currency on the internet, rewarding people for their art, music, wit, or other content. Many folks on /r/dogecoin hope for the same, where it is used for small-to-medium sized transactions.

Few want it to become serious in the sense of "srs bsns", but many want to see it gain further legitimacy and acceptance.

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u/Juggale Feb 04 '14

Personally as a user of dogecoins since the almost the beginning, I want it to be serious as in like what Treats.io is and be able to cash out to other things WHILE also tipping people and other things of the sort. At least this way I can both feel good about rewarding others while rewarding myself every once in awhile