[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 8.

Cryptotourist

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Homo Sapiens Bitcoinerthalensis

Quote from: bbc.reporter on March 02, 2021, 12:40:54 AM

I agree in the longterm, however, in the beginning of a coin with a monetary policy similar to Grin and in the present state of the cryptospace where the only interest is on get rich quick cryptocoins, I reckon Grin is vulnerable unless miners agree to mine with a loss by not selling what they mine.

The last time I sold what I mined, was exactly two years ago.
Since then - no mining - and I'm so happy for that. I hold more Grin than I ever would have mined.

You talk about recreational miners. Cool.
How about the whale type ones - who have shorted Grin 100 fold since it's birth?
[Ah, yes, the monetary policy.]

And please, not everybody wants to get rich quick. Tongue

I actually like Grin, if only I could use it somewhere. Maybe that's the problem.

bbc.reporter

legendary

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Quote from: tromp on February 28, 2021, 03:14:23 AM

Quote from: bbc.reporter on February 28, 2021, 12:43:20 AM

Agreed. However, there should be a balance between speculation and emission to acquire the needed hashrate for the security of the coin.

Grin's slow emission gives it a much higher security than other coins in the long term.
Coins that keep halving the block subsidy but that do not develop a fee market like Bitcoin does, will face a future security crisis.

Quote

Also, Grin’s holders will not live for 98 years.

Grin is as much for future generations as it is for the current one.

I agree in the longterm, however, in the beginning of a coin with a monetary policy similar to Grin and in the present state of the cryptospace where the only interest is on get rich quick cryptocoins, I reckon Grin is vulnerable unless miners agree to mine with a loss by not selling what they mine.

Texacha

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Grin's holders children probably won't be alive 98 years from now... Cry

Cryptotourist

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Homo Sapiens Bitcoinerthalensis

Quote from: bbc.reporter on February 28, 2021, 12:43:20 AM

Also, Grin’s holders will not live for 98 years.

Hah, thnx a lot, but why?
Death by emission? Tongue

Quote from: tromp on February 28, 2021, 03:14:23 AM

Grin is as much for future generations as it is for the current one.

When Lambo parity? Grin

tromp

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Quote from: bbc.reporter on February 28, 2021, 12:43:20 AM

Agreed. However, there should be a balance between speculation and emission to acquire the needed hashrate for the security of the coin.

Grin's slow emission gives it a much higher security than other coins in the long term.
Coins that keep halving the block subsidy but that do not develop a fee market like Bitcoin does, will face a future security crisis.

Quote

Also, Grin’s holders will not live for 98 years.

Grin is as much for future generations as it is for the current one.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: tromp on February 27, 2021, 04:16:58 AM

Quote from: bbc.reporter on February 26, 2021, 11:09:17 PM

The problem is everyone who has witnessed the fast price growth of bitcoin wants this to also occur similar to their next coin held.

For many people, that is the case. They only want to speculate on coins in order to profit.
Grin doesn't need to cater to these people. Every other coin already does.

But not everyone is like that. Some see the value in having the simplest and fairest emission of 1 per second forever.
98 years from now, when comparing century+ old coins, all of which will have negligible inflation, there will be only one that has been evenly distributed throughout the whole century, much like Gold throughout its history.

Agreed. However, there should be a balance between speculation and emission to acquire the needed hashrate for the security of the coin. On Grin it can be argued that it is harder acquire the needed hashrate because of miner sell pressure on the price. This is very dangerous for Grin’s safety from 51% attacks.

Also, Grin’s holders will not live for 98 years.

Texacha

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Quote from: tromp on February 27, 2021, 04:16:58 AM

98 years from now.......

Maybe this is the answer.

KIZILAGA

jr. member

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Many infinite supply coins made the bull run. So your theory is not true. rvn pow is almost 35x more than Grin. RVN gets demand,Grin doesnt.

Wallet and exchange problems killed the ecosystem. Thats simple truth.

tromp

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Quote from: bbc.reporter on February 26, 2021, 11:09:17 PM

The problem is everyone who has witnessed the fast price growth of bitcoin wants this to also occur similar to their next coin held.

For many people, that is the case. They only want to speculate on coins in order to profit.
Grin doesn't need to cater to these people. Every other coin already does.

But not everyone is like that. Some see the value in having the simplest and fairest emission of 1 per second forever.
98 years from now, when comparing century+ old coins, all of which will have negligible inflation, there will be only one that has been evenly distributed throughout the whole century, much like Gold throughout its history.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@tromp. The problem is everyone who has witnessed the fast price growth of bitcoin wants this to also occur similar to their next coin held. For many people, the only way for this to occur is to implement a monetary policy with limited supply which causes scarcity to come much faster than infinite emmission. I reckon we can say that it has become the standard in the cryptospace hehehe.

tromp

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Quote from: cfif on February 25, 2021, 04:28:34 PM

eternal of coin emission is worst

https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153

bbc.reporter

legendary

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@cfif. I disagree. One of the main arguments of Grin’s monetary policy is sound money has to do more with transparent emmission than limited supply. Cryptocoins with limited supply are hoarded as speculation with the dream that it will pump hehehe. Grin’s monetary supply wants to change this and to also make it as fair to the late adopters as to the early adopters.

cfif

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Grid demonstrates a positive sides as a full uncontrollability from anyelse of headquarters and new resolution of scalability. Is it true? But the eternal of coin emission is worst part of this coin.

bbc.reporter

legendary

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@everyone. Where can we get more data on Asics for Grin and the sales data on them? I am speculating something hehehehe.

There are old miners of bitcoin who are selling their coins since December. This might be their exit for good and might be on the search to become early adopters again on a new coin. I speculate that it might be Grin, speculating this on the coinbase transaction donations for Grin’s development team by old miners.

The early adopters of bitcoin might be slowly supporting and developing the infrastructure for Grin. We also know that theymos is one of the early supporters.

https://twitter.com/n3ocortex/status/1364699416012222465?s=12

tromp

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https://grinnews.substack.com/p/135-asic-unboxed-

oryhp

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Quote from: Hueristic on February 19, 2021, 01:21:10 AM

Yeah right, Theymos doesn't endorse Alts and not only did he endorse it but accepts if for the forum unlike any other coin besides BTC.

So if thats the way you feel about Bitcointalk why are you even here?

I like talking about Grin very much, but unfortunately there's not much discussion here so I mostly browse the Bitcoin section to see if there's something interesting.

Just because Theymos endorses it, this doesn't make this thread a community. There were 3 consecutive links to grin news which means no activity here apart from tromp posting these links for at least 2 weeks and you're
here trying to argue we have a Grin community here? The only reason I jumped here was because you've been trying to blame others because you missed the forum post. I'm out of this conversation now.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: oryhp on February 18, 2021, 10:49:29 AM

Quote from: Hueristic on February 17, 2021, 03:23:03 PM

Why weren't we offered the miner, is bitcointalk not considered part of the community?

Why would it be? There is only this topic about Grin that barely gets any attention. Grin community has a forum at forum.grin.mw, some hang on keybase, discord or telegram. But this thread is certainly not a "grin community". I do suggest you reach out to them if you want to grab some, I'm not sure where they are available, but as the forum post shows, at least one guy from iPollo was active there.

Yeah right, Theymos doesn't endorse Alts and not only did he endorse it but accepts if for the forum unlike any other coin besides BTC.

So if thats the way you feel about Bitcointalk why are you even here?

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: tromp on February 18, 2021, 09:11:50 AM

Quote from: Hueristic on February 18, 2021, 03:55:05 AM

Quote from: tromp on February 18, 2021, 03:42:55 AM

It was mentioned right here:

Quote from: tromp on December 21, 2020, 03:57:28 PM

https://grinnews.substack.com/p/128-launch-of-the-first-grin-asic

That is not on this site.

Seems you don't know how Quotes work...

I guess I missed the embedded link in that news link.

My Bad, I had no idea other than a few testnet rigs were available.

oryhp

member

Activity: 60

Merit: 89

Quote from: Hueristic on February 17, 2021, 03:23:03 PM

Why weren't we offered the miner, is bitcointalk not considered part of the community?

Why would it be? There is only this topic about Grin that barely gets any attention. Grin community has a forum at forum.grin.mw, some hang on keybase, discord or telegram. But this thread is certainly not a "grin community". I do suggest you reach out to them if you want to grab some, I'm not sure where they are available, but as the forum post shows, at least one guy from iPollo was active there.

tromp

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Quote from: Hueristic on February 18, 2021, 03:55:05 AM

Quote from: tromp on February 18, 2021, 03:42:55 AM

It was mentioned right here:

Quote from: tromp on December 21, 2020, 03:57:28 PM

https://grinnews.substack.com/p/128-launch-of-the-first-grin-asic

That is not on this site.

Seems you don't know how Quotes work...

Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 8. (Read 73784 times)