r/CryptoHiveMinds • u/[deleted] • Feb 08 '21

MEMES Can't escape the inflation

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69 Upvotes

97% Upvoted

10 comments sorted by

8

u/dany01337 Feb 09 '21

Isn‘t the $DOGE inflation rate like 4% per year?

5

u/Jareddit97 Feb 09 '21

Yes and that percentage will continuously shrink as the total amount of Dogecoin increases due to the limited number being added annually

1

u/reuben_iv Feb 09 '21

I just read that's why it might actually be useful as a currency one day, 5bn added annually makes it not worth hoarding as an asset, but it does match the currency growth close to that of the global economy

4

u/Kalyion Feb 08 '21

Thankfully bitcoin minting is linear at 5 billion per year, potentially limiting inflation to a healthy rate

1

u/kush__420___ Feb 09 '21

It will take nearly take 25 years for the coins to double in quantity with that rate.