Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> it's the right order of magnitude

Probably even closer when you consider that cryptocoins suffer much more "loss" than USD does. People lose wallets, get hard drives wiped, etc., which are deflationary events that partly counter any built-in monetary inflation. Whereas losses of USD due to things like setting bills on fire or losing them in a lake amount to a miniscule portion of total USD outstanding.

Imo it's even plausible that Dogecoin's current loss rate is >5%, in which case the currency would still be deflationary even with the new coins being added.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: