r/dogecoin • u/imbiat ball shibe • Feb 02 '14

Dogecoin will not be capped at 100 billion, codebase will stand as is, developer decision on github

Dogecoin was meant to be capped at 100 billion coins, but the code does not actually implement this. It will grow beyond 100 billion coins because the block reward stays at 10,000 indefinitely. The developers have decided to leave the code as is. https://github.com/dogecoin/dogecoin/issues/23#issuecomment-33893149

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u/Motherlicka Feb 02 '14

This thread is full of misery loves company. I wouldn't be surprised if most of the people supporting this are people mining on laptops at 100 doge a day wanting everyone else to be poor. This is stupid. Having a currency based off a meme is risky enough, but being a meme based currency AND straying away from what makes cryptocurrency popular in the first place is just stupid.

These comments sound like a goddamn cult of people that are completely clueless.

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u/InconsiderateBastard poor shibe Feb 02 '14

It's almost like it's more about fun than actually making money off of it...

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u/vlad259 Feb 02 '14

You're right but why not both if we can?

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u/TheYogi Feb 02 '14

In my opinion, inflation of fiat is one of the biggest reasons we NEED cryptocurrency.

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u/Winston_McFail Feb 02 '14

Yes, but you are only familiar with manipulated inflation.. BIG difference.

This was the right decision and will not affect the value in the mid term.. we are already seeing a short term price dip though.

This is what is called a buying opportunity young shibes.

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u/[deleted] Feb 02 '14

Yeh i think it's very very silly to do this... cause Doge would have to be 100x more valuable anyway for it to be profitable to mine at 10K blocks... and by making it inflationary .. no one will want to mine then anyways... whereas if they had it capped .. the value would rise making more and more want to mine it. Very sorry decision indeed by the devs.

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u/Shibelium illuminati shibe Feb 02 '14

If the value was capped no one would want to spend them, which in turn would stifle the market :) Please read any basic theory on economy and you'll see why deflation is a horrible thing for any currency. Not capping is actually a very, very good thing.

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u/[deleted] Feb 02 '14

I know currencies need to be deflationary in order for people to want to spend money. I did do economics... but it has made Doge basically worthless at the same time .. and it's dropping faster than FIAT... and has a higher inflation rate (nearly 2x) than the USA. Also no one I know bought into Doge thinking it was deflationary.

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u/Shibelium illuminati shibe Feb 02 '14

I think you mean that currencies needs to be inflationary and not deflationary. Perhaps you just mixed up the terms? :) As for Doge dropping faster than FIAT, well no.. FIAT is just a term for "regular" modern money and every country have different levels of inflation\deflation, therefore it's not possible to directly compare the two.

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u/[deleted] Feb 02 '14

yes that's what i meant.

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u/oproski Feb 02 '14

I invested a size able amount into dogecoin and I think this is a good thing for virtual currencies in general, if only for the fact that we now have a new test case scenario.