Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 5. (Read 73804 times)

The problem is Monero is unlikely to make it big in the future because of the exchanges banning it from their platform look at the comment above about why this coin is only listed on two exchanges Grin is hard to get unless you are mining it and I think they will eventually make mining privacy coins illegal which would make Grin and Monero worthless.

https://twitter.com/NHASH_mining/status/1417331529110327299

 Asic seller updated their algo to 31 for mining MWC.

Check the vision of theymos.
When 99% of people on the market think Grincoin is death, it will rise. Where we are now? I think it is good to accumulate, do DCA and hodl it in a next 4 years.

When most people are tired and gave up, price will increase amazingly. It is how the crypto market works.

  First 4 years it seems same inflation period. Anyway it doesnt matter. Demand vs supply if you look at it,its performance is pretty bad. And that asic firms started to adverties MWC instead of GRİN mining,makes me think GRİN Asic sells are bad also.

 Good fundamentals but market doesnt like it. Maybe regulators suppress exchanges secretly  becuz its a privacy coin. i dont see any reason else.

Posts are above but you did not read. Soon you will know it is right or wrong. The market will show you the fact of Grincoin.

Bitcoin and Grin coin are different and they have different supply schemes. You are totally wrong if you say Grin coin has same inflation rate of Bitcoin in first years. First years, how many years do you call as first years?

Monero soared from 35 usd to 450$ , Grin dropped from 2$ to 0.2.  Comparison mismatch. Maybe there is smthng wrong about Grin we dont know.

İnflation seems same as btc first years.

I did not say Grin coin is the best privacy coin.

I know Grincoin is still in its high inflation (theymos posted details and his vision about Grincoin).
What I say is a trend that is very important in crypto market. Do you see anything good with shit meme tokens, $SHIBA, etc.?
But $SHIBA and other meme tokens rose to the Moon for nothing. They are useless but they rose a lot with a trend initiated by Dogecoin and Elon Musk.

If Monero soars, it will cause other privacy coins to join, with a trend for privacy coins.

 Why there is only 2 exchanges functioning? Github Development is active it seems.

Grincoin still is not as good as the other privacy options we have out there though and unless there is a big movement to improving the current features I think the excitement of this coin at first is going to disappear quickly. Grincoin is just deprecating in value every day and because of that more people are going to stop using it and move onto something different.

  All roads leading to Grin

https://beincrypto.com/european-regulators-propose-law-to-make-crypto-traceable/

Grin coin has more inflation than Bitcoin. I can not understand that why you thought that Grincoin will be less volatile than Bitcoin. Smaller coins with smaller marketcap are easier to be manipulated and would be more volatile on the market.

Grincoin can be a favorite altcoin for privacy transactions. In near future, it is not a good investment because the market and participants are fearful with privacy coins. They are fearful with regulations on privacy coins too.

It can be a good altcoin to accumulate years later as theymos said.

@Welsh. However, outcompeting Bitcoin in what category? As a speculative asset? I reckon because of Grin and Bitcoin’s difference in monetary policy, I speculate that Grin can outcompete Bitcoin as a medium for payments and as a store of value in 10 years time because Grin will be the less volatile coin.

What exactly is his vision, because going by his reply here:

His vision on a statistical sense, is that Grin is more likely to fail, than it is to succeed, and by succeed I mean out compete existing cryptocurrencies. Whether that is because of authoritarianism or an alternative is provided on a Bitcoin sidechain Obviously, we all like Grin as it definitely is one of the better alternatives out there, but blindly trusting anyone's vision isn't the best idea in my opinion.

You could argue that; a global authority, has already limited privacy coins by removing them from the most popular exchanges. That could potentially be argued as a global authority, although I do believe theymos likely had bigger authority figures in mind when he made this prediction.

My personal input is; I believe there's definitely money to be made in Grin, but I'm not convinced that it will out compete Bitcoin. I do believe, combining Bitcoin, and Grin's most exciting features could lead to a better alternative to both.

Lets not pretend that if Grin had received a similar reception among celebrities, it would have had the exact same impact. No industry is immune to the herd mentality that these authority figures create.

We simply can't effectively reduce the influence that people have on others, so centralization in that aspect will always be prevalent.  

That's true, but, its not about centralization or decentralization. That one man can be CZ, Musk or any other "influencer", be it Kim Kardashyan, Mia Khalifa or Donald Trump. Doesn't matter who. The endorsement and millions of empty-headed followers matter. Those effects are not specific to crypto, and they are not inherent to crypto. This is all about herd mentality being adopted by masses.

True, but again, where did DOGE pump come from? Good fundamentals and decentralization? Nope. It was again one man show, in this case by Elon Musk. In other cases it could be CZ or back in 2017 John McAfee. When something depends oo one man (not even one company or board of directors, but one man), it can't be more centralized.

And just to be clear, I don't expect GRIN price to explode in next few years, but I buy GRIN from time to time and slowly accumulate. I look at it as really long term investment and have no intention to sell in next several years.

I know you agree with me but I wanted to add,

I am not talking these out of my butt.

I know how people (me included) treated doge and told the others that doge has infinite supply, it will never worth anything, it will die of inflation, it is just a meme, it is a joke, it is a shitcoin ...and there it is. Listed at CMC on 4th or 5th spot. Being traded like a mother fucker with huge volume.

Anybody could have bought a million dogecoins only for 2 thousand bucks 6-7 months ago.

That taught me one thing:

Anything is possible.

Unfortunately, you're right.
And this means - the price of decentralized anonymous coin depends from centralized company or even worse, from one man running that company.
Kinda sad.

Yeah I forgot this chart. According to that chart, even in 2024 or 2025 GRIN will still have very high inflation. If the demand keeps being low, the value won't move upwards much.

Everything can change in seconds if CZ makes a new announcement and starts listing GRIN on Binance.

Big news are way more important than any monetary policy in this space. Still, it is a big gamble. That announcement may never come.

It is the vision of theymos.
I would try to accumulate more Grin coin and wait for the year of 2024 or 2025. The new bull cycle of crypto market with Bitcoin halving in 2024 will be cool. It together with the plummet of Grin coin inflation rate will have double effects on the price of GRIN.

It would be time to grin. 

@tromp. It appears Grin’s experiment and theory on its monetary is being proven reasonable by Elon Musks actions hehehehe. Everything about hoarding as centralization pressure and whales having an unfair economic advantage and influence over everyone are shown to be real. I am waiting on the most dangerous, Michael Saylor to influence bitcoin’s development.