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To: neolib who wrote (480063)9/24/2021 8:01:07 PM
From: cosmicforce  Respond to of 541952
 
>>crypto is deflationary by design and the number of coins shrinks

I conflated two cases

The number of bitcoin is capped by design - 21 million coins can exist.

Ethereum is now "burning" coins as we speak so that any investment against comparable things of value will be deflationary referenced to a shrinking pool of Ethereum. Obviously the exchange rate is still volatile relative to dollars or gold.

markets.businessinsider.com

There is no limit on "dollars" that the Fed can mint. Gold you can mine more but the total amount of gold asymptotically approaches a constant - the amount of gold that can be mined economically as function of its proximity to the surface and the energy you'd have to exert to get it.



To: neolib who wrote (480063)9/24/2021 11:10:30 PM
From: bentway  Read Replies (1) | Respond to of 541952
 
This is the new hot crypto, thanks to Elon Musk:

coinmarketcap.com

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect. Wikipedia

Market cap: US$32.65 billion as of September 10, 2021

Code: DOGE

Developer(s): Billy Markus ("Shibetoshi Nakamoto")

Exchange rate: Floating

Supply limit: Unlimited

Block reward: 10,000 Dogecoins (as of Aug. 2021)

Symbols: D, Ð









Dogecoin
Payment system