Grin Observer - GRN/BTC - Price Movement and Discussion - page 16.

RivAngE

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What doesn't kill you, makes you stronger

Quote from: Febo on September 17, 2019, 12:59:44 PM

Quote from: BitBustah on September 15, 2019, 05:48:39 PM

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@HairyMaclairy. In your opinion, will grin diseased dick itself to $0.50? What is your crystal ball showing you hehehe?

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

20 years is an eternity in crypto, Why couldn't they just put a reasonable inflation rate at the start for grin. Tech can be great but if price doesn't pump people wont care.

You cant start with reasonable emission rate. You start with 0 coins. then you add first day some coins and that day inflation is infinite. Second day you add same much emission ass first day and that day daily inflation is 100%. Third day you add dame and daily inflation is 50%, .... You cant do it lower. It was same with Bitcoin. First days emission inflation was huge.

The issue most people have though is that GRIN won't have any halvings, it'll keep going with the same rate.

Some people find the halving as an insurance for the future, personally I see it as a pyramid where the few who found out a project early become millionaires if many poor souls join the party later.

Febo

legendary

Activity: 2730

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Quote from: BitBustah on September 15, 2019, 05:48:39 PM

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@HairyMaclairy. In your opinion, will grin diseased dick itself to $0.50? What is your crystal ball showing you hehehe?

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

20 years is an eternity in crypto, Why couldn't they just put a reasonable inflation rate at the start for grin. Tech can be great but if price doesn't pump people wont care.

You cant start with reasonable emission rate. You start with 0 coins. then you add first day some coins and that day inflation is infinite. Second day you add same much emission ass first day and that day daily inflation is 100%. Third day you add dame and daily inflation is 50%, .... You cant do it lower. It was same with Bitcoin. First days emission inflation was huge.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: Febo on September 15, 2019, 11:06:54 AM

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

Price always depend on adoption. Adoption is part of a demand and demand pushes price up. Supply are the coins that people want to sell and is pushing price down. Newly mined coins or emission adds to the supply since a lot miners have to sell to pay their electricity. Influence of emission of a supply reduce over time.

However, Grin will need adoption more than most of the coins in the cryptospace that depend on deflation, moon math and pumps, I reckon hehehe.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: BitBustah on September 15, 2019, 05:48:39 PM

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@HairyMaclairy. In your opinion, will grin diseased dick itself to $0.50? What is your crystal ball showing you hehehe?

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

20 years is an eternity in crypto, Why couldn't they just put a reasonable inflation rate at the start for grin. Tech can be great but if price doesn't pump people wont care.

You are here for the wrong reasons if you don't know the answer to that.

Yup, Yobit shill.

BitBustah

hero member

Activity: 1218

Merit: 534

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@HairyMaclairy. In your opinion, will grin diseased dick itself to $0.50? What is your crystal ball showing you hehehe?

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

20 years is an eternity in crypto, Why couldn't they just put a reasonable inflation rate at the start for grin. Tech can be great but if price doesn't pump people wont care.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: bbc.reporter on September 14, 2019, 09:10:56 PM

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

Price always depend on adoption. Adoption is part of a demand and demand pushes price up. Supply are the coins that people want to sell and is pushing price down. Newly mined coins or emission adds to the supply since a lot miners have to sell to pay their electricity. Influence of emission of a supply reduce over time.

HairyMaclairy

legendary

Activity: 1414

Merit: 2174

Degenerate bull hatter & Bitcoin monotheist

The air seemed still and tense about him. At first the globe was dark, black as jet, with the moonlight gleaming on its surface. Then there came a faint glow and stir in the heart of it, and it held his eyes, so that now he could not look away. Soon all the inside seemed on fire; the ball was spinning, or the lights within were revolving. Suddenly the lights went out. He gave a gasp and struggled; but he remained bent, clasping the ball with both hands. Closer and closer he bent, and then became rigid; his lips moved soundlessly for a while. Then with a strangled cry he fell back and lay still.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@HairyMaclairy. In your opinion, will grin diseased dick itself to $0.50? What is your crystal ball showing you hehehe?

@Febo. 20 years, grin's inflation will be lower than 3%. The price will depend on adoption.

HairyMaclairy

legendary

Activity: 1414

Merit: 2174

Degenerate bull hatter & Bitcoin monotheist

From a TA perspective the chart looks like a diseased dick. We are clinging onto the bottom of the attempted consolidation by our fingernails. I sodl a long time ago and would not re-enter now, at least not without some clear signal which is totally missing. This is what high inflation looks like - a grind into the abyss.

Looking for us to plunge further in BTC terms.

kabit9

full member

Activity: 853

Merit: 114

Quote from: Hueristic on September 13, 2019, 07:24:13 AM

Quote from: kabit9 on September 13, 2019, 02:24:12 AM

So what is the general consensus on GRIN? Under $2 right now.... maybe a buying opportunity? Hodl or fodl?

been hodling for a while now, thinking whether I should add to my holdings. didn't cash out at $5 Cry

Febo

legendary

Activity: 2730

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Quote from: mindrust on September 13, 2019, 04:14:18 AM

Worrying is subjective.

The truth is, you don't know.

Exactly! We have no ideas how will this play 20 years from now. Considering that would be super dumb to have only Bitcoin and not having alternatives. To 20 years from now say: "Oh I wish I knew this back then."

Hueristic

legendary

Activity: 3836

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Doomed to see the future and unable to prevent it

Quote from: kabit9 on September 13, 2019, 02:24:12 AM

So what is the general consensus on GRIN? Under $2 right now.... maybe a buying opportunity? Hodl or fodl?

mindrust

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Activity: 3276

Merit: 2442

Quote from: Febo on September 12, 2019, 03:07:10 PM

Quote from: mindrust on September 12, 2019, 12:55:43 AM

I understand the concept, I get it there will be lost coins because people die and their coins die with them so we don't want to end up with dry supply after 10 years?

But bitcoin will be having block rewards till the year 2140... I mean the supply won't dry off at all at least in the next 100-120 years.

What grin does is, taking it a bit further by removing the supply cap and let the inflation go forever.

But... if you think the block rewards from mining bitcoin wont be enough for the world population in 2100, how do you know if 1 grin per second will be enough?

Bitcoin will have very limited emission after 2040. Like 160000 BTC left to mine for next 100 years. We mine that now in three months.
Everything that is around Gold mining emission is fine long term. Grin will have it over that in next 50 years so I am not worried to not be enough.

Worrying is subjective.

The truth is, you don't know. Maybe I am not worried about the remaining 160k btc for being little. Bitcoin is divisible in the end.

What I do know is however, that in 2140, there won't be anymore BTC other than the 21million coins which will be mined. (in reality it won't be more than 15-16 million coins btw, because of the lost coins) I also know, in2140, Grin's total supply will be more than 3.000.000.000.000. (x142k of bitcoin)
Source

People say Grin's inflation will be like gold after a few years.

I see this as, people can't really decide if the inflation is good or bad. They should decide what they want first. Do they want inflation, or deflation? Do they want store of value, or FIAT-like currency, like Doge?

If they want deflation, Bitcoin gives you that. Much more than Grin does and it will be 142k times more by the year 2140.

kabit9

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Activity: 853

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So what is the general consensus on GRIN? Under $2 right now.... maybe a buying opportunity? Hodl or fodl?

Febo

legendary

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Quote from: mindrust on September 12, 2019, 12:55:43 AM

I understand the concept, I get it there will be lost coins because people die and their coins die with them so we don't want to end up with dry supply after 10 years?

But bitcoin will be having block rewards till the year 2140... I mean the supply won't dry off at all at least in the next 100-120 years.

What grin does is, taking it a bit further by removing the supply cap and let the inflation go forever.

But... if you think the block rewards from mining bitcoin wont be enough for the world population in 2100, how do you know if 1 grin per second will be enough?

Bitcoin will have very limited emission after 2040. Like 160000 BTC left to mine for next 100 years. We mine that now in three months.
Everything that is around Gold mining emission is fine long term. Grin will have it over that in next 50 years so I am not worried to not be enough.

mindrust

legendary

Activity: 3276

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I understand the concept, I get it there will be lost coins because people die and their coins die with them so we don't want to end up with dry supply after 10 years?

But bitcoin will be having block rewards till the year 2140... I mean the supply won't dry off at all at least in the next 100-120 years.

What grin does is, taking it a bit further by removing the supply cap and let the inflation go forever.

But... if you think the block rewards from mining bitcoin wont be enough for the world population in 2100, how do you know if 1 grin per second will be enough?

I am not really supporting this idea tbh but I'll be getting some grins anyway. This is all experimental stuff in the end.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: bbc.reporter on September 11, 2019, 08:36:33 PM

@Hueristic. I am not afraid of infinite. It is a fix on bitcoin's moon math and it will stop any advantages for early investors.

@mindtrust. You need to read Grin's monetary policy to understand. Its emission will be similar to bitcoin's emission of today after 10 years.

i didn't mean to direct that at you and just was making a generalized statement.

BTW ~~IOU +sM~~ for that post. Wink

Quote from: Hueristic on May 21, 2019, 10:43:30 AM

The longer I read this thread the more I become convinced that people do not know what the words "By Design" mean and definitely do not DYOR and finally do not listen to those that do.

bbc.reporter

legendary

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@Hueristic. I am not afraid of infinite. It is a fix on bitcoin's moon math and it will stop any advantages for early investors.

@mindtrust. You need to read Grin's monetary policy to understand. Its emission will be similar to bitcoin's emission of today after 10 years.

Febo

legendary

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Quote from: mindrust on September 08, 2019, 12:16:47 AM

I don't see this any different than the current FIAT system. Once you bend the monetary rules, you can always bend them some more. (That's exactly what's happening since they left the gold standard)

I see the difference. In last 10 years n average M1 https://tradingeconomics.com/united-states/money-supply-m1 what is cash and money on bank accounts, (so forget fractional banking) increased 10% a year. In USA in EU in China. 10% is way more then 1.5% that Gold have. Grin will be there in 10 years time. What is perfect emission it is up for a debate. And totally all are an experiment. What we for sure know there are plenty crypto currencies at the low end so I am very welcoming at least one to not be so low. And yes be like USD for first 10 years and become Gold only after 70 years.

What I keep posting is this. Coins that are bringing something new on a cryto table. Something that Bitcoin will not have 10 years from now will be used and will succeed. All of them. Those that just copy Bitcoin and pimp it up with some make up will be just collectibles and is totally logical Bitcoin will have 99.9999% of their marketcap.

Hueristic

legendary

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Doomed to see the future and unable to prevent it

Quote from: mindrust on September 08, 2019, 12:16:47 AM

...

The limited supply idea makes more sense to me If you want a reliable store of value coin. Everything on earth is limited. The food, the energy, the water, everything. The money you use also should be limited so it automatically punishes those who make more babies than they could afford.

Albert Einstein disagrees.

Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 16. (Read 19703 times)