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Hey, is there a good thread on a comparison of Monero and Grin around?
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Any updates?
Miner probably in one month. Interesting discussion on Discord this morning (follow up on last night's discussions) Can you post it here for those of us that don't discord/telegram. |
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I'm not a huge fan of the fixed subsidy, but it is deflationary long-term. Because the subsidy remains the same while the money supply grows (and may shrink due to lost coins), a graph of the inflation rate over time is steadily downward, and will eventually reach low levels. However, since their stated reason for doing this was to ensure that miners are properly incentivized, it would've made more sense to set the subsidy such that the monetary inflation rate is a constant 0.5% or something. As they've designed it, the inflation rate will start out way too high, and then if grin survives for a very long time, it'll eventually become too low to actually meet their goal of incentivizing miners.
I'm not qualified to make these type judgements but it would seem to me to make a perfect and correct choice on the percentages then you would have to in advance know that the end size of the userbase and security needed to sustain that during the design phase which is impossible. There fore using a best guess that is subject to change will allow you to better see that future as time goes on and make adjustments as that time approaches. This approach will also allow the time for others to weigh in on the design and allow for a growth of those working on the problem as the initial product is being created.
Unlike the vast majority of other altcoins, grin was basically built in the same spirit as Bitcoin - the same ideology. I'm a "Bitcoin maximalist" because I believe in "the Bitcoin idea/ideology", not as part of some game theoretic strategy to make BTC's price go up. If Bitcoin is out-competed in all respects (which grin is very far from doing, and other altcoins aren't even in contention for), then it'd be good for Bitcoin to be replaced by that competitor.
I specifically like this as listening to purists that spout the holy grail code has already been written gets old fast. |
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Well, if it's infinite it won't be worth anything. That's Economics 101.
No it's not, that is a common misconception, deflationary emission can create security as well as lower volatility. There is no reason a currency should not restore lost or destroyed coins except to create a system that creates rarity of those coins and that is a SOV type system which has not been proven to be secure as of yet. Standard economic models do not apply to crypto as they do not take the cost of the security of the currency into account. Yes they do, they apply to everything that can be bought and sold. Not those in "Economics 101" thanks for the link.  |
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. No that is untrue, an emission is a necessity for a currency that's goal is use and low volatility for a plethora of reasons while a cap is good for a SOV which Btc is. , this is, literally, economics 101. No value means that it is useless. Those guys might be good coders but they know absolutely nothing about economics. But don't take my word for it, just wait until their wishes meets reality. The Bolded is patently false and your premise and therefore your argument is based on a false premise and not substantiated. Would you like to share with the rest of the class?
Nope /OpSec ...even though this account is not actively hidden |
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Satoshi's intent was privacy on the and chain that is paramount and a deal breaker in my mind if it is not included. BTC has not fulfilled that promise as of yet.
Your algo is unraveling..more back testing required. /s Hah, lack of coffee and no proof reading before posting got me a little dyslectic there. Thx, fixed. And I elaborated as well. Satoshi's intent was privacy on the chain and that is paramount and a deal breaker in my mind if it is not currently included. BTC has not fulfilled that promise as of yet and a second layer solution is not acceptable. |
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^
@these prices, you Made a good deal
In a foreseeable future.... take your time and look back to Posts as these “reminder of what a great buy you Made right here”
I hope I won't regret it later about my bitcoin purchase.  This will turn out to be one of the best decisions you ever made. |
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Incompetent children rushing i.e. forcing a fork. #Decentralized smart contracts.  Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.
Whenever someone uses Satoshi's Vision as a counter argument you can automatically assume that they've lost. This is science, not a religion. The tweet storm was nicely written. +1 WO Not unexpected, but perfectly acceptable for micro payments. Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see. That is the best plan. IOU +1sM |
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I don't think anyone cares about Bakkt one way or another at this point.
What ever happened to everyone who was pouring their tiny hopes into bakkt and etf bringing about the early 2019 bullrun? Y hopium gone? Hopefully we will lose everyone that is hoping for institutions to control anything BTC related. I am of the opinion that KYC (clamps on fiat portals) and CBOE/CME (derivatives on non existent coins) are 2 of the biggest threats BTC faces. |
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A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.
Did you account for air drag, or did you only consider gravitational acceleration? At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate. just wrong Fatalities from falling bullets are all too frequent. The classic scenario is middle eastern wedding celebrations where falling lead kills a member of the party. Happens too much. Very true.  |
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Indeed, it will be the Zimbabwean dollar of crypto.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. ^^^--- what he said, even though it is a different context. If you really want to understand this then there is a ton of material from alot more intelligent people than me that can explain it to you. |
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Well, if it's infinite it won't be worth anything. That's Economics 101.
No it's not, that is a common misconception, deflationary emission can create security as well as lower volatility. There is no reason a currency should not restore lost or destroyed coins except to create a system that creates rarity of those coins and that is a SOV type system which has not been proven to be secure as of yet. Standard economic models do not apply to crypto as they do not take the cost of the security of the currency into account. |
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Hmmm, won't be long before they start forcing KYC as well. Time to stop being lasy and get some cold storage going and get excess funds off of there. I hate fighting with the printer, only use it once a year or so and those cartridges drive me batty. Did you account for air drag, or did you only consider gravitational acceleration?
I took an average pebble out my garden. It weighs 10 grams and has a mean diameter of about 20 mm. If we assume it were perfectly spherical with a drag coefficient of 0.47, travelling through air with standard density of 1.225 kg/m^3, and plug the figures into the formula for terminal velocity we get: sqrt((2*0.01*9.81)/(1.225*(3.14*0.01^2)*0.47)) = 33 m/s or 119 km/h. If we pipe that into E = 1/2*m*v^2 for energy, we get ~5.5 J or ~4 ft-lb. Or in other words, I need Bitcoin to do something exciting. Perfectly spherical bullets are way different to regular bullets that end up tumbling as soon as they lose the rotational speed with a way higher air drag. Much of the penetration of a regular gunshot is thanks to its rotational speed. That's why pipeguns are not that effective, even at very short distance, unless properly directed against unprotected vital points (neck, eyes, temple, etc). To the mooooooon!!! weeeeeeeeee  WO is a surprise box. I share this hobby, sports shooting, it seems that they understand a lot about ballistics.  Oh, past year I decided to cancel/not renew my "sports shooting" license and sell my firearms. Now I am an officially unarmed civilian  It was already pretty boring and expensive hobby with all the increasing legislation, requirements and taxes. I envy our American friends in the gun regulations. Of course, United States is different.  Yup, Cops stole all my guns, different. |
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I reckon most 'hacks' are inside jobs.
100% agreed. when looking at all other possiblities, inside job is by far the most plausible/likely. Interesting Wired article... maybe pertinent to the WOber thread? (Apologies if already linked as its 4 days old... I know,that's ancient history in crypto,and tbh I don't obsess over this thread so much as I used too, fair weather fan and such....) https://www.wired.com/story/the-exaggerated-promise-of-data-mining/In 2018, a Yale economics professor and a graduate student calculated correlations between daily changes in Bitcoin prices and hundreds of other financial variables. They found that Bitcoin prices were positively correlated with stock returns in the consumer goods and health care industries, and that they were negatively correlated with stock returns in the fabricated products and metal mining industries. “We don’t give explanations," the professor said, "we just document this behavior.” In other words, they may as well have looked at correlations of Bitcoin prices with hundreds of lists of telephone numbers and reported the highest correlations.
It's impossible to completely keep up with this thread if you have any life and don't carry a tether (smart phone or whatever:not usdt). ha!! another legend actually paying attention to this shitcoin alt launch. It caught my eye as I notice even theymos is interested. I'm definitely watching it anyway...maybe fire up a miner again, who knows... Satoshi's intent was privacy on the chain and that is paramount and a deal breaker in my mind if it is not currently included. BTC has not fulfilled that promise as of yet and a second layer solution is not acceptable. Sorry if all you worshipers can't hand the truth. Monero and possibly Grin can fill that role until BTC can provide this service.  |
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. No that is untrue, an emission is a necessity for a currency that's goal is use and low volatility for a plethora of reasons while a cap is good for a SOV which Btc is. |
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^ breaking news: tomorrow is wednesday Fuck you are right! I don't even know what day I live in. Thx! My GF use to remind me those things, but she's on travel. Right there with you, a few months ago I thought Thursday night football was on when it was Monday night. Everyone found that amusing but I was a bit disturbed that I was that far off. Need bumper stickers that says " KYC Coolered Crypto!" |
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ETH's "valid use case" today is it's facilitation of scams (including ICOs), so whether we like it or not, ETH has a "valid" (even though scam dependent) "today use case," no?
Sorry but no. To facilitate scams is not a value-add purpose for existing. That's total bullshit. Unfortunately there are alot of scumbags that find value in a sca coin and therefore give the shitcoin ETH chain actual value. But it is crumbling under it's own weight so it will be fun to watch it grind to a halt and see all those tokens continue off a cliff. The ICO train has already slowed to a crawl, which is nice to finally see. But just because we don't feel it has value does not mean it doesn't to others even if their use case is being a thief. It's pretty much the same use case as a brick and mortor financial institution, only they can always continue expanding. |
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$4250
Quite the list Mic!
Hey this is out of order.
4444 F2b
4949 kaicrypzen
4500 GHCoins45
I'm guessing low because every time I guess high the fucking price goes down!!!!!
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I'm surprised it took them this long to exit scam. |
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