Thanks for contributing to this discussion. Based on everyone’s feedback, we’ve decided to leave the Dogecoin code base as it was originally released, and not implement a change. The goal for the currency is to keep approximately 100 billion coins in circulation - thus after 100 billion Dogecoins are created, rewards will continue at 10k each block. This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion.

That's ~5B per annum. I expect that less than 5B will be lost each year.


IMHO all these decisions seem arbitrary at this point, as there is little doubt they could change in the future. That's one funny thing about these decentralized currencies, their codebase is centralized. In effect, each has a Central Bank, if future bitcoin releases changed the reward, it could become an inflationary currency rather than a deflationary one (of course, that is assuming that the update is widely accepted).

posted by mk: 1812 days ago