Re:The digital currencies that matter
by netheril96 on Saturday May 08, 2021 @12:25AM
(#27083864)
> Doge is uncontrollably minted (I don’t think it has a supply cap)
It doesn't have a hard cap, but it does have a cap on inflation: 5 billion every year (current reserve is about 128 billion). The inflation rate is less than 5% and going down every year, much lower than most fiat currencies. (Not related to why it shoots so high these days).
Re:The digital currencies that matter
by tromp on Saturday May 08, 2021 @04:46AM
(#27085176)
All cryptocurrencies control their supply. That doesn't mean a supply cap. It can be as simple as emitting only 1 coin per second. That makes it very different from fiat, with its unpredictable supply.
It doesn't have a hard cap, but it does have a cap on inflation: 5 billion every year (current reserve is about 128 billion). The inflation rate is less than 5% and going down every year, much lower than most fiat currencies. (Not related to why it shoots so high these days).