to not have a true end goal value is a little half baked imo.
I think there are so many unknowns about how this project will develop, where the demand will come from, how much demand will emerge for this currency, and how quickly that will happen, that it would be presumptuous of our team to try to specify an end goal value. JMHO.
It is naive to believe that GRT will at all replace fiats and as such, GRT should have a fiat value or it is useless.
We're not claiming it will replace fiats. We're just trying to create a currency that will be an alternative for people to use, if they agree with our ideas about how to create a better monetary system.
Trying to peg the value of a currency to the price of a fiat currency is challenging at best. Even governments that try to do this sometimes have trouble maintaining a specific set value for their currency, because the natural forces of supply and demand are always going to tend to move the price around. To maintain a set price, an institution has to be constantly issuing or removing currency from circulation to compensate for the fluctuating effects of supply and demand. The Grantcoin Foundation doesn't have the staff, funding, experience in monetary policy, etc., to try to do that. We have to just let the free market set the price of our currency, like with most currencies in the world.
by its nature, if a crypto did replace fiats, it would not be GRT to do it, it would more likely be a gov’t affiliated crypto or a crypto without a humanitarian agenda. A true trade currency.
You're assuming that people won't want to trade with a currency that has a humanitarian agenda. The Grantcoin team starts from the opposite assumption, that the *only* type of alternative currency that a large number of people would ever want to use, if they're inclined to bother to use something else besides the fiat currency they would normally use, is a currency which is designed to do social good.
Let's ask ourselves why 99.9% of the world's population hasn't chosen to start using Bitcoin, even though most people by now know about it. My guess is that it's because Bitcoin doesn't appeal to the billions of suffering people in the world by providing them with access to capital. It's not designed to do that. It's a hoarding-oriented currency, with no program for issuance of the token to get it into the hands of the poor and provide them with economic opportunity.
The only way that "regular people" are ever going to get into crypto is through a crypto that actually helps them, not one that is primarily owned by a small number of techie early adopters and doesn't distribute the money supply to people who need access to capital. JMHO.
The objective should be to work with the fiat of those in need, not try and reconstruct the monetary system.
Trying to build a better alternative to the existing monetary system is the primary purpose of Grantcoin. We've been clear about that from the beginning.
To help both the investors and those in need, there should be an optimal equivalence to a fiat. I would expect something like a dollar parity.
I will agree that dollar parity would certainly be convenient for users. But how would we actually accomplish that, without having to constantly try to manipulate the price through issuing and removing coins from circulation?
