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Comment by dragontamer | Hacker News Reader

Its a myth that printing money causes currency to lose value. There are an infinite Dogecoins and yet the value goes up sometimes.

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I'm not sure why you're trying to change the subject to money printing. But thanks for proving my point. You're right that dogecoins have value (for better or worse) and that value definitely doesn't come from any government.

Dogecoin has hyperinflated 210% this past year, while BTC has hyperinflated 340% this past year.

As far as things with inflation, we should be discussing why Cryptocoins are so terrible at it.

You've changed the subject again--I didn't mention inflation. Are you a bot or are you just parroting random talking points without reading?

Since you brought it up, YoY returns are not really relevant for a long-term investor. If you're speculating/gambling on short-term volatility, then USD/VTSAX/BTC have done poorly--but I'm not much of a speculator. I'm very happy with my 10-year returns.

As long as you keep wildly changing the subject (this applies to your next reply as well), I'll assume you have no counterpoints and agree with everything I say. I'm glad we can agree!

> hyperinflated into nothing

You literally said this. Honestly, I'm not sure what subject you want to discuss anymore. But you were the one to first bring up inflation.

If you got something to say about my root post, feel free. But you're changing the subject more than I am: https://news.ycombinator.com/item?id=33789831

There are only a finite number ever. The amount of Doge is limited by time. Unlike fiat, it is disinflationary (yearly supply rate goes down toward 0).

There were only a finite number of German Marks in 1923, last time I checked. A very large number, but finite nonetheless.

Doge inflation is only on the ballpark of 0.3% per year and will continue to decrease asymptotically toward 0%. It is a very sound policy imo

By what measure?

DOGE is -53% over the last year, which means its _actually inflated_ by 212% vs the Dollar (or really like 233% in real terms, after accounting for the 9%+ inflation of USD).

DOGE inflating by 233% in a single year is horrific policy.

The parent comment was obviously regarding total/circulating number of dogecoins. It erroneously made a hyperbolic claim there are infinite dogecoins. It is a common misconception even among cryptocurrency fans that the number of dogecoins increases at a high rate, because it doesn't have a hard max total supply number like bitcoin's 21 million. In a cryptocurrency context, inflation most often refers to the rate of newly printed units because the price volatility is just from market movements and has often little to do with the monetary policy

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