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Showing results for tags 'dogecoin'.
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I myself own some Bitcoins and quite a lot of Dogecoins, so it's not that i don't like them or anything. However i do want to hear some opinions on the following. At the moment, Bitcoin (and other cryptocurrencies) are subject to huge price-swings. It is believed that the value of these coin will become less volatile sooner or later and i think this might very well be true. But there is an issue (I think). Deflation vs inflation. In a world where money is subject to inflation, i can buy a house today at 100.000 Dollars (for example) and pay it back over 30 years. In those 30 years, every Dollar in itself will have less value, therefore the house I bought will go up in price (but not necessarily value), this means that, over time, i pay less relative Dollars for my house. In a world where money is subject to deflation, i can buy a house today at 100.000 Dollars and pay it back over 30 years. In those 30 years, every Dollar becomes more valuable, therefore, the house I bought will go down in price. This means that, over time, i pay more relative Dollars for my house than the amount i bought it for in the first place. In short: Value of Dollar goes up = I pay to much for my mortgage. Value of Dollar goes down = I pay less for my mortgage, in relation to the average value of the house in the long term. Now here Bitcoin comes in. Bitcoin is worth x amount of Dollars right now, however as soon as Bitcoin becomes a mainstream currency, while their cap remains at 21 million Bitcoins, it will more than likely be subject to deflation. It is for this reason, that i think Dogecoin does a better job, at least in terms of being/becoming a useful real-life mainstream currency. Its cap is increased by 5 billion each year (perhaps that is to much, perhaps not, only time will tell), meaning that as usage increases, so does the supply, making it far less scarce a resource and therefore less likely to deflate. Your opinions please.
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Dear Stef It was you who reignited my interest in cryptocurrencies, somewhere back in mid/late 2013, for which I am very grateful. I read loads, listened to your Bitcoin shows and eventually found Dogecoin and was lucky enough to be there during the first weeks after it was created. This means I am a much happy shibe heading to the moon today. The Dogecoin community on Reddit is truly a great community and by way I trying to do my part I'm reaching out to you in the hope that you'll start accepting Dogecoin alongside your other cryptocurrency addresses. Please, please, please start accepting Dogecoins and help us get to the moon Thanks for all your amazing efforts and videos and everything else. I'm a big fan and love the sound of your voice. x P.S. When are you coming to Brisbane?