Can I be honest?
I love the tech but think the infinite emissions policy is broken.
And the dev team haven’t put themselves in a strong position by announcing there will be regular hard forks.
So soon enough someone will hard fork it with a 4 year halvening cycle.
Which begs the question - what happens to Grin with a contentious hard fork?
I love the tech but think the infinite emissions policy is broken.
And the dev team haven’t put themselves in a strong position by announcing there will be regular hard forks.
So soon enough someone will hard fork it with a 4 year halvening cycle.
Which begs the question - what happens to Grin with a contentious hard fork?
It is not broken. Infinite supply assures better and fairer distribution because it discourages hoarding, which would also make the market discover a fair price for each grin.
It might not be perfect, but what coin has a perfect distribution?
The rest of your post is useless speculation.
Grin is designed to discourage hoarding by having an aggressive inflation schedule. The risk here of course is that supply exceeds demand during bear markets.
Basic economics teaches us that the price is driven towards zero when supply exceeds demand.
Of course the price is unlikely to ever reach zero, simply because there will be demand just at a much lower price. All of us would be happy to buy 1 million Grin for $1, given how powerful the underlying tech is. Grin *will* have buyers of last resort, so long as the tech is not fundamentally broken.
It just means that the price will likely stay depressed over the long term and could it make more volatile. It's a funny sort of analysis to say that Grin is likely to be more used as a currency because it is more volatile, than say Bitcoin.
No, the price might stay depressed on its first years of distribution. However, as the supply grows, the percentage of new supply versus present supply goes down, price goes up. Assuming the demand grows to bitcoin level which is the goal.
Also, how would Grin be more volatile? More coins in circulation, more supply, more liquidity, less volatility.
The ticker used by exchanges is GRIN not GRN.
