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jacob
@jacob
Regret not minting my thinking from the time
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@0xbuildr
If DOGE would enable a cap to the supply it might be worth buying but constantly being diluted by the emission schedule isn't a gamble worth experimenting with. The point of crypto was the fixed supply. DOGE is the Federal Reserve of Memecoins. Brrrrrr lol
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jacob
@jacob
Dilution existing doesn't automatically mean bad, fixed supply also doesn't automatically mean good. You'll dilute whenever you think the outcome resulting from that dilution leads to more net value. https://www.paulgraham.com/equity.html
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@0xbuildr
I don’t think that’s a fair apple to apples comparison. Paul is referring to new money in for dilution where as DOGE has a fix dilution based on time which creates a negative delta if attention is down. No new money in and more dilution because of time.
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jacob
@jacob
would you rather no miners and therefore no doge blockchain, or miners and therefore doge keeps running? it's the network paying for its operation, which is clearly a good trade for the network and for the miners.
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not parzival
@alexpaden
why would memers care about miners? meme premium makes a lot of sense, pulling the whole coin as a meme seems like grasping. litecoin has billions of dollars also for no reason, right? is that a meme coin or just how silly crypto works
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@0xbuildr
I’d rather miners with a fixed supply so they have better economics. I think BTC reflects that difference the best.
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