Topic: [ANN][GRT] Grantcoin: Currency with a Conscience (old thread) - page 5. (Read 36183 times)

Hey Dimox,

Thanks for sharing this, its unfortunate that the average daily volume isn't meeting .2 BTC for bittrex but it was anticipated with GRT only being 2 months old.  We fortunately have friendly traders to get the minimum .2 BTC volume a day running at losses.

Thanks again for your support!   

Hey National, 

In what terms do you ask by optimal "value"?  My assumption is your asking the GRT conversion back to USD...  With that assumption, my opinion is that no one can predict where any of these digital currencies will be 10 - 15 years in relation to fiat.  I personally don't think in terms of the currencies related back to fiat because after the 2008 crisis I don't believe the fiat currencies will last much longer with trust of the people. 

So to answer your question the value of 1 GRT will always be the same value of 1 GRT today, tomorrow, and ten years from now.  All that will change is what that 1 GRT will be transacted for, the utility of the currency.

This is one of the biggest challenges that face the crypto currency demographic is they look at these currencies like investments in relation to USD or other fiat, this is why you see all these pump and dumps with greedy individuals trying to make a quick buck.  Even LTC recently went through a pump and dump...

It'll take some time but when GRT plugs into the specific markets that are being targeted it will be a special currency to be apart of . 

Cheers,

Brandon

So going off of your statement that no more coins will be released unless the value increased greatly

So going off of your statement that no more coins will be released unless the value increased greatly...what does increase greatly mean? What is the optimal value that you guys believe GRT should reach and stabilize at?

hy dev i watch this in bittrex market  


http://i58.tinypic.com/1zdvtqr.png

I suggest to start a coin burning program for the coin in order to get trust back. There are some example where coin had success after such a program.

What did you guys cut the number of coins to? 1 billion or less, maybe 500 million, is good if you want the coins to hold value.

What did you guys cut the number of coins to? 1 billion or less, maybe 500 million, is good if you want the coins to hold value.

yes me too, waiting for

As the Greek financial crisis unfolds, the Grantcoin Foundation stands with the people of Greece against exploitation by the international banking system.

To summarize the crisis, the European banks that provide the money supply to Greece in the form of loans have threatened to cut off funds unless the Greek government makes draconian cuts to social services, which would worsen the already severe economic depression in Greece. Banks throughout Greece have been closed all week and people are not allowed to withdraw their money. This weekend, the Greek people vote in a referendum to decide whether to accept the banks’ terms to restore financial solvency for their nation or whether to default on Greece’s debt, which would probably mean leaving the euro currency and a period of economic chaos.

The Grantcoin Foundation suggests that the root cause of the problem is a monetary system in which for-profit banks issue the money supply as loans, based on their motive to make as much profit as possible by collecting interest from debtors. Any currency that works this way is doomed to create an economy based on exploitation and eventual financial collapse as more and more capital accumulates in fewer and fewer hands.

...

Grantcoin is a global alternative currency managed and distributed by a non-profit organization according to the principles of democracy, sustainability, and social justice. Grantcoin will be distributed around the world to each nation and community based on its population, to help create a more fair distribution of wealth and equal opportunity for people everywhere to gain access to capital and the economic growth it brings. The people in each nation or community will be empowered to distribute Grantcoin into circulation, not as debt owed back to a financial institution with interest, but instead as economic incentive grants to businesses that meet the triple bottom line criteria of profitability and social and environmental responsibility, to help such businesses grow and benefit the public.

...

3,811,619.755319 GRT is currently held in reserve by the Grantcoin Foundation specifically for the people of Greece. This amount is visible in the Grantcoin public ledger at this wallet address: GMfyeQcCxoLkamAAU4UPbHiBJFJT4mXTUX. It will continue to be held there until people in Greece step forward to organize Grantcoin affiliate groups in their country, to begin the process of distributing this Greek reserve of GRT as grants to ethical and sustainable Greek businesses that are willing to accept GRT as a form of payment from customers.

We invite the people of Greece to study Grantcoin by reading the extensive documentation on our website, Grantcoin.org. If you agree with our ideas for how money should work for the public good instead of the private interest of banks, please get involved, begin acquiring and using Grantcoin, spread the word, and contact us to discuss forming a Grantcoin national affiliate in Greece to distribute this new currency of the people, by the people, for the people.