[dleslie]

Dogecoin is ... Just _why_?

There's no limit on the number of coins. Mining is designed to be forever-easy. The coin is _designed_ for rapid deflation.

Why are people treating it as anything other than the joke it was intended to be?

[Sohcahtoa82]

> There's no limit on the number of coins. Mining is designed to be forever-easy. The coin is _designed_ for rapid deflation.

Yes, but the increase in coins is constant. So as a percentage of available supply, the inflation rate approaches 0%.

Right now, there are 128,000,000,000 DOGE in circulation. The block target for Doge is 1 minute, with a reward of 10,000 DOGE, which gives a yearly minting of 5,256,000,000 doge, which gives and inflation rate of 4.11%. Next year, another 5.256T gets added, which is an inflation of 3.94%.

And of course, since it's a cryptocurrency, there are bound to be permanent losses in the supply because of people losing their wallet files. This is difficult to track because even with a public ledger, there's no way to be sure if unspent DOGE is simply not being spent, or if the private key to spend it was lost.

[throwaway-571]

You can still make money of a joke if you are quick enough! Just @-mention Elon and here you go.

[whatshisface]

I really have no idea, but your question suggests its own answer: fiat currencies are also designed for eternal inflation (I think you swapped inflation with deflation) and many people consider that a boon.

[legolas2412]

The problem is the word inflation vs deflation.

When too much fiat is printed, it decreases its value and is called inflation.

But when assets lose value, it is called deflation.

So, do you call cryptocurrency a fiat currency or a speculative asset? Because falling value will happen, it will be just termed inflation or deflation.