Is it true that Dogecoin's value is kept artificially low?
https://github.com/dogecoin/dogecoin/issues/23#issuecomment-...
the actual % inflation is comparable to bitcoin's and less than litecoin's.
Phrased another way: define 'artificially' in this context.
Also - they apparently fixed it by making the block reward fixed. http://www.cryptocoinsnews.com/2014/03/13/dogecoin-forks-aga...
Multipool miners will generally sell for BTC/fiat immediately, creating lots of supply and thus a consistent downward pressure on prices.
General miners will be more likely to hold or use instead, creating less sell pressure.
By making Doge less profitable to the multipools, they are less likely to mine it, and even if they continue they will get less Doge per block. And that means less supply in the exchanges, which will help the price.
With so many Dogecoins flooding the market, it is likely that Doge will remain near worthless forever. Which means it will always be an easy coin to experiment with.
In its haste for profit-earning, the BTC community has screwed its own coin for "tipping". I ain't paying no 5% tax on $1 tips on the BTC network.
For fun I sent a transaction of about .3 btc with a fee of .0.00005 btc. It was confirmed in about a day - or so I thought, because on blockchain.info it says +9 minutes so I don't know if that is the confirmation time or not.
The transaction in question - https://blockchain.info/tx/7e2bfff207e5fb6a02890024e790c921e...
You can pay less to lower your priority of course, or pay more to raise your priority. Similarly, miners can focus on higher priority transactions to make their profit.
Nonetheless, the real effects of deflation are beginning to show. BTC is a worse coin than DOGE for internet tipping. It costs more per transaction and takes longer for those transactions to take place. And as long as the BTC community is blinded by deflationary greed, the problem will remain.
Basically, I can transfer money with DOGE within minutes for nearly free (roughly one ten-thousanth of a penny), or I can use BTC to transfer money within hours for $0.05... or within days if I try to be cheaper.