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Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 47. (Read 19800 times)

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
In 1 year the stats will look like that,
  • With 32,713,560 GRIN in circulation, there will be a 0.0792% monthly emission, that will be very similar to Ravencoin's 1 year.
  • With 5,411,920,000 RVN in circulation, there will be a 0.0399% monthly emission.

I'm probably missing something here, but how are you calculating monthly emission rate? My understanding is there's 86,400 GRIN mined per day, which is a helluva lot more than 0.0792% per month.

Grin doubles between year 1 & year 2 (from 32 million to 64 million).

So that's about just over 0.27% daily inflation or 8.3% monthly inflation
legendary
Activity: 2842
Merit: 1511
In 1 year the stats will look like that,
  • With 32,713,560 GRIN in circulation, there will be a 0.0792% monthly emission, that will be very similar to Ravencoin's 1 year.
  • With 5,411,920,000 RVN in circulation, there will be a 0.0399% monthly emission.

I'm probably missing something here, but how are you calculating monthly emission rate? My understanding is there's 86,400 GRIN mined per day, which is a helluva lot more than 0.0792% per month.
legendary
Activity: 2702
Merit: 2053
Free spirit
So that is the guy that is grinning


right

hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Yup, don't let the fucking scamming leeches steal this scene. Go in those fucking forked Grin threads and blow them up and get this shit funded you cheap ass bastards. You pay more to the fucking miner Devs than this guy!

https://grin-tech.org/yeastplume

Quote
Developer Funding - Yeastplume

Funding to allow Yeastplume to give full-time attention to Grin from March-Aug 2019
Funding status (March 2018 - Aug 2019)

Status: Open - €22,530 of €55,000 Target Goal: Crypto equivalent of €55,000

That was fast Grin
Check the BTC address, the page has not refreshed yet.
Impressed.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Here’s what you need to know about security token offerings (STOs)

They're similar to ICOs, but they will abide by all regulations. The hope is to tokenize shares of stock, bonds, etc.

Ohh yeah, I remember now it's illegal in the USA for the poor to participate in them, capitalism at its finest.


CROSSPOST:

This is important post from GRIN community.
If you want GRIN project to proceed steadily please see the post below and forward it to those you think this message concerns.

Early disappointments (posted by igno.peverell)
https://www.grin-forum.org/t/early-disappointments/3682

" yeastplume’s campaign is still very far from being even 10% funded."
"This is directly addressed to some of the new funds, miners, mining pools and exchanges that have entered this ecosystem since the launch and benefited from it."
"Perhaps Chinese translation would be a good thing."
⇒A Grin's community member translated this message into Chinese! https://www.grin-forum.org/t/early-disappointments/3682/11


Quote
The lesson for every development or research team watching looks pretty clear: more scammy ICOs for more money and a lot less work. Perhaps forcefully taking 20% of all rewards is the only way to get any contribution out of the mining industry. Are those the conclusions you want to impress on everyone in this sector? Because if greed feeding on itself is the only lesson, then this space truly deserves a really long and hard winter. A lot more creation is needed to reach escape velocity, and that won’t happen if everyone’s goal is just feeding off it.

Yup, don't let the fucking scamming leeches steal this scene. Go in those fucking forked Grin threads and blow them up and get this shit funded you cheap ass bastards. You pay more to the fucking miner Devs than this guy!

https://grin-tech.org/yeastplume

Quote
Developer Funding - Yeastplume

Funding to allow Yeastplume to give full-time attention to Grin from March-Aug 2019
Funding status (March 2018 - Aug 2019)

Status: Open - €22,530 of €55,000 Target Goal: Crypto equivalent of €55,000
legendary
Activity: 2702
Merit: 2053
Free spirit
Stupid big dollar amounts for a listing was always ridiculous,

easy way to cream the cash directly from ICO's though.

member
Activity: 444
Merit: 31
Still a manic miner
Pump & Dump?

maybe after Binance listing

There is no one to pay the $2 million listing fee, so will take much longer. 

Grin will pay the same listing fee as Ravencoin paid.  Cool


I don't know what listing fee Ravencoin might have paid, but for community driven projects which take a lot of attention, it makes sense for exchanges to list them for free or with big discounts.
When the community is big, the exchanges want to grab customers from that community.
I don't think anyone ever paid for BTC or ETH to be listed anywhere!

https://twitter.com/cz_binance/status/1050326256841940994

"Back to listing.  Ravencoin, no ICO, community project, humble people, no listing fee."

CZ listed Ravencoin for free.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
Here’s what you need to know about security token offerings (STOs)

They're similar to ICOs, but they will abide by all regulations. The hope is to tokenize shares of stock, bonds, etc.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
I didn't even know what the fuck an STO was, i'm so far behind the curve!
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
Ravencoin is dependent on others using it as a platform for it to have value (like ETH).  I don’t know any projects building on Raven and don’t know the incentives for doing so. Saying it is a Bitcoin fork doesn’t mean much.

Grin is a currency - it’s not dependent on other projects.  

Totally different imho.  

Raven depends on people storing assets on the chain. The value is purely speculative at this point. There's hope that Ravencoin will be the Ethereum of STOs. Also, Patrick Byrne (overstock.com CEO) has been shilling Raven, overstock.com's Medici Ventures funds most of Raven's development, and there's speculation that the Tzero STO trading platform (mostly owned by overstock.com) will use the Ravencoin blockchain.

It's a shitcoin for now, but buying some would be a smart bet if you believe that the STO boom, that many are predicting, will come. Some speculate that as the last bull run was fueled by ICOs, the next will be fueled by STOs.

That's getting OT, so I'll try to tie that into this thread. As speculative assets go, RVN is a pioneering coin in a new space. Grin is stepping into an already-crowded space and doesn't offer much over XMR, IMO. With that said, some also predict that privacy coins will be a driver of the next big bull run. Even if Grin is playing 2nd or 3rd fiddle in the privacy space in a few years, it would still go parabolic in a privacy coin boom.


*I hold positions in RVN, GRIN, and XMR.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
Pump & Dump?

maybe after Binance listing

There is no one to pay the $2 million listing fee, so will take much longer. 

Grin will pay the same listing fee as Ravencoin paid.  Cool


I don't know what listing fee Ravencoin might have paid, but for community driven projects which take a lot of attention, it makes sense for exchanges to list them for free or with big discounts.
When the community is big, the exchanges want to grab customers from that community.
I don't think anyone ever paid for BTC or ETH to be listed anywhere!
member
Activity: 444
Merit: 31
Still a manic miner
Pump & Dump?

maybe after Binance listing

There is no one to pay the $2 million listing fee, so will take much longer. 

Grin will pay the same listing fee as Ravencoin paid.  Cool
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
will/can people do that kind of thing with grin?

Value your privacy and fungibility? Get the hat !




Alice? Nani?
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
If miners are selling (and most industrial miners have to sell) then US$432,000 is required every day to keep the price at its present level.  This is what people are mindful of.  

Not only that, exchanges 'force' not so experienced miners to withdraw their minted coins to an exchange.
Taking also into account the 'difficulty' in handling Grin, as well as the shift to wallet listeners that require port forwarding to get your funds (but not to send them), it can only mean one thing until the dust has settled down.

Happy New Year!

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
If miners are selling (and most industrial miners have to sell) then US$432,000 is required every day to keep the price at its present level.  This is what people are mindful of. 
hero member
Activity: 1568
Merit: 511
Hmmm the total supply is not even 2M there hence i believe the coins might be easier to be push upward than downward especially holders will hold and deduct the overall supply from the market

But i have one issue there, if people are hoping for getting regulations and transparency, wouldn't GRN moves backward here?
It has no address, no transactions, wipe transactions after it is unnecessary
Is that really good there?
I agree that it is scale-able and solve problems like big blocks issue
But in the long run, if trading volume goes off, i believe the price would eventually collapse tho 
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Decred Listing Fee: 0 BNB


Decred listing fee - first charitable donation by Binance Foundation?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
will/can people do that kind of thing with grin?

Value your privacy and fungibility? Get the hat !


legendary
Activity: 3178
Merit: 1509
An executed order by definition does not add liquidity, it takes liquidity off the books.

However, they also provide the liquidity in the orderbook. In the creation of the market, it might be true that the volumes are fake because the market makers are trading largely with each other's orders depending where the market is going.

We cannot expect that only users to start the market.

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