Topic: grin is now accepted for forum payments - page 6. (Read 5910 times)

For what you are accepting coins? Like what I can buy with them?

"Grin has a retarded inflation rate. How do you think its price will remain sustainable?"


Grin would have such a low inflation rate at one point that the increase of units would almost equal to 0. So...

No.


s/fixed supply/predictable supply/

Yes, that combined with its privacy is what makes it so exciting. You can probably achieve even greater scaling with BTC+LN, and I consider that quite likely to be what the economy actually goes toward, but grin is a very different and interesting alternative approach.

What exactly is so terrible about the price history of DOGE? You could have done a lot worse holding many other coins. It is worth more now in terms of USD than it was even at the peak of its early pump.

I watched this early pump, I was there, I had some sells in my trade history in the 240s.

Doge has always been one of my favorite cryptoCURRENCIES..
I love sending doge around for its small fees, confirmation speed, high liquidity, can send micro amounts, great CURRENCY..

Yeah sure it's not deflationary like BTC and you probably won't get rich hodling it long term like BTC, but BTC is more aiming to be the most secure store of value and not necessarily to be used for everyday small payments.

The FEDs in charge of fiat currencies do have a bit of a point about inflation keeping the currency flowing, they don't do that by accident..
High deflation stops currency flow in its tracks. Their are plenty of threads about why people don't spend BTC..


I think it could be the best CURRENCY yet, to actually be used as a currency..
So what if Grin will only be $0.01 each in a few years. You can still send $1,000,000 if you have enough of them..  


I think their is a righteousness to the emissions rate of GRIN. The early miners aren't going to get instarich with an instamine, no premine, no ICO, and a good inflation/deflation rate in the long term for a CURRENCY..


Isn't this the holy grail of cryptocurrency? To be able to truly scale and be able to do what we naively thought/hoped that BTC would do?
Bring crypto to the masses, everyone from the rich to 3rd world countries, affordable for the poor, everyone can use it to buy their coffee every morning..

This is what we need if we are going to take the power away from the elite and banks. Eliminate the last excuses to use fiat..
We all can't use BTC or any other altcoin for every transaction we all make. All of the transactions simply will not fit in any crypto while still achieving decentralization.

Can GRIN do this? Can GRIN compete with VISA and remain decentralized and immutable with a fixed supply and no trust in 3rd parties?

Isn't this what we have been waiting for to change the world?
Or is everyone just interested in what they can make a quick $ off of..

It’s all well and good to have differing opinions on what or what shouldn’t work in a cryptocurrency, that part is completely understandable. But supporting a coin like grin on literally the first day it’s genesis block is mined is just... interesting, that’s all.

Some maximilast (like theymos has been in the past) might even call it “shilling”, but what do I know. I’m pretty positive theymos knows more than I do in general about crypto, plus he is an admin of the forum, so he can govern as he sees fit... I’m alright with that. I wouldn’t have any use to buying anything like copper membership on here so it doesn’t necessarily matter to me personally, I just felt a need to point out hypocrisy as I see it.

Btw LMDB, and especially bulletproofs, are things that both helped with scaling/memory issues in the past and drastically reduced fees.

Edit: I’m not saying Monero should be accepted over grin or anything like that either... I’m just saying bitcointalk should probably just stick to accepting only Bitcoin... if not, just don’t be surprised/annoyed when swarms of people are trying to “market” there favorite favorite shitcoin too because they might have an interesting tweak to the mimnlewimble code or whatever. It’s going to open Pandora’s box in theymos’s inbox. Lol

How the forum is going to look at grin as far the payments/transactions are concerned?
Will it be ok to do payments/offer services  in grin in the sections that were exclusively marked for bitcoin?

XMR is possible, but probably not the others.


Since the inflation rate is so high in the first ~year, I think it will probably go even lower, probably under $1, and I'd expect the price chart of the first year to be a general downward trend. Again, I don't particularly recommend buying this stuff, and I myself am not going to be buying large amounts soon. But if it survives for several years and ends up competing effectively with other coins on scaling and privacy, then the inflation rate starts becoming reasonable even despite its unlimited supply (see my comment here), and we could at that point see an upward price trend. Even at $1 it'd be an extremely risky investment, but in any case it's an extremely interesting piece of tech.

And I'll be periodically adjusting the forum exchange rate, BTW.


Satoshi created Bitcoin and this forum in order to change the world, not to create a "Cult of BTC". In fact, Satoshi recommended creating Namecoin, the first altcoin. (Though Namecoin ended up being one of the bolt-stuff-onto-cloned-Bitcoin systems that I've never really respected.) I'm not going to start jumping on every alt bandwagon and treating every cryptocurrency as just as good as any other, nor do I believe that grin is currently anywhere close to BTC in terms of overall utility. But grin has true merit, and if you're interested in Bitcoin for the same reasons that Satoshi created it (freedom, privacy, and interesting tech), then grin is worthy of acknowledgement.

If the price spike up like it did for the ATH the this plain equation is not gonna work. Sure it will be a lot more in terms of dollar. Anyway, my point is that... We are in a forum where we are suppose to support bitcoin. Everything we do to promote bitcoin but when a character like theymos indirectly publicly vouch for something else then it will create a mess for sure.

I could not agree more with this user...

Once this Bcash guys will discover this they will take it to another level.

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Blow me I should have seen this before. I just paid for my copper membership in BTC LOL.

Hey, I believe we should only have BTC as payment method. We are Bitcoiner guys. Is n't it should be the whole point?

So, anyone dumping their BTC for grim n ?

Theymos, if you really want to add grin as an alternative payment method for the forum, any plans on adding it for the Donator rank? And I suppose the price in grin will be always the same, like the one in BTC  

This way in probably one year it will be cheaper to purchase a donator rank than a copper membership  


7$ vs 3.7$

By the time the friday price increase comes, you might buy a membership with a few cents

If you extrapolate the same 0.00003064 to $20,000 that's still only $0.61. A lot has changed between now and a year ago to help keep tx fees down, in terms of satoshis. The last time fees were this low was 2 years ago, when the price of BTC was about $390.

The cost of mining it is somewhere around $1-2. A lot of early miners might be hoarding it and it's not on large exchanges yet so that distorts the market somewhat.

I thought of that, and I think Lightning is a great concept. Also, it supports my opinion of Bitcoin - I think Bitcoin is a store of value. I decided not to use it, mainly because it requires me to maintain another wallet, and it has centralised control. Speed of confirmation is not so important with domain name sales. Especially when you consider registrar transfers, pushes are better, but they can still involve delays. This is why I believe that trust and escrow are more important than confirmation speed.

He can but a lot depends on what he does. He is a public character for Bitcoin and the entire community. Anything comes from him will have million times market affect than you and me or others. 


Have you transacted in bitcoin lately? The median tx fee is currently 11 cents; not exactly a dealbreaker.

https://bitcoinfees.earn.com/