When hindsight points out the opportunities that you overlooked which would have giving you that comfortable life it infects all future decision making.
There is a lot of thing one could have done "for the LULz" but decided to browse HN, Imgur or Reddit instead.
- Bitcoin. I heard about it when it was still possible to mint it on CPU, but chose to run SETI@Home instead.
- Bitcoin when it was at merely $9000.
- Ethereum when it was going under $1.
- Dogecoin like anytime before yesterday (up 6x or something today).
- #GME when options where pennies on the dollar, or even the stock at $20 in early January.
- $Tesla in January, February, March of 2020 or anytime before the split.
- $Tesla instead of putting down $1000 to reserve a slot to buy a model 3 at its announcement, put it in the stock, or even better, in long dated calls.
- $Amazon or $Apple last march or anytime before that.
- $SPCE after it crashed in March (a WSB hyped stock)
We remember the winners we missed way more than the losers, because the winners are still present in our lives today, whereas the losers never became noteworthy (because they lost).
But it’s extremely difficult to tell them apart ahead of time. So current me needs to give past me a pass... past me failed at something that is very difficult; no shame in that. Wistful regret, maybe, in a “what if...” kind of way, but I think everyone has those in their life, and not just about money.
Can't have the poors making money!
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?
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.
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.
Same thing with the girl one never talked to.