Re:Crypto’s Final Price Could Be Zero
by plsbenice34 on Tuesday November 29, 2022 @12:40PM
(#33790640)
Doge inflation is only on the ballpark of 0.3% per year and will continue to decrease asymptotically toward 0%. It is a very sound policy imo
[ Parent
| on HN ]
Re:Crypto’s Final Price Could Be Zero
by dragontamer on Tuesday November 29, 2022 @01:12PM
(#33791047)
By what measure?
DOGE is -53% over the last year, which means its _actually inflated_ by 212% vs the Dollar (or really like 233% in real terms, after accounting for the 9%+ inflation of USD).
DOGE inflating by 233% in a single year is horrific policy.
Re:Crypto’s Final Price Could Be Zero
by plsbenice34 on Wednesday November 30, 2022 @05:24PM
(#33808773)
The parent comment was obviously regarding total/circulating number of dogecoins. It erroneously made a hyperbolic claim there are infinite dogecoins. It is a common misconception even among cryptocurrency fans that the number of dogecoins increases at a high rate, because it doesn't have a hard max total supply number like bitcoin's 21 million. In a cryptocurrency context, inflation most often refers to the rate of newly printed units because the price volatility is just from market movements and has often little to do with the monetary policy