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A reinstall? Do you mean to delete everything in the ~./grin folder? I reckon deleting only the chain_data folder would be enough. However, there has to be another practical way without deleting anything.
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I reckon many Queen fans would hate Sacha Cohen Baron's version of Freddie Mercury. Sacha wanted to show Freddie Mercury the man including all the orgies and the drugs. The remaining members of Queen wanted to protect their legacy as a band, according to Sacha.
In any case, how many Golden Globe best actor winners also won the Oscar for best actor?
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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?
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. |
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I have this question earlier also and somebody suggested that LN will be able to solve the problem. If bitcoin cost is high, major transaction will be done on LN and when the channel is closed it will written in blockchain and miner will get good fees for that transaction. But user will not mind it because they have transacted multiple times in LN channel so cost per transaction is still small for user.
Sorry: It is all from my memory as I recall, might be some facts get distorted.
the only way that LN can help miners earn some additional income is if they also run a Lightning Node alongside their Bitcoin Node that they have to run to be able to get transactions to include in their blocks. so they can earn additional income. what you said doesn't make sense because in the end they are still making one transaction on-chain and that transaction has the usual fee like any other transaction so there is no additional income for the miners. Is that the best solution you can give? Miners to run Lightning nodes to earn additional income?? Miners would rather mine another coin, I reckon hehehe. |
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I have a problem. A power failure caused my node to shutdown. If I start it up again it prints this on the screen
I failed to find one of the right cookies. Found 0
Segmentation fault (core dumped)
Also, grin --help does not help that much. What should I do?
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The introduction of the Lightning Network have open up a new source of income to these miners. They can host LN nodes and generate additional income from that and it can supplement their income from Bitcoin miners fees in the future. I also think more second layer applications will be added to the Blockchain network in the future and running nodes for this will also help to cover their expenses. Miners will have to adapt to survive.  That might be a solution hehehe. However, there is a more natural solution for miners and Asic manufacturers. To diversify and mine altcoins. |
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Grin is following bitcointalk.org's traditions. Will it be the next bitcoin hehehe?
In any case, there are not much grin distributed for the market to discover the real price of each coin yet. This present grin market is easily manipulated, I reckon.
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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?
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. |
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A layer 2 does not solve the miners' problem to be incentivized, I reckon. It competes with it in fee collection. How is that advantageous for the miners who already have their incentives halved every 4 years?
You don't get no layer two without accessing it via layer one. In a successful scenario demand for layer one space would be enormous. It would be an occasional thing to interact with it, not every single time you move money. However, layer 2 will also make moving coins using layer 1 lesser in demand that would also cause the fees to go down? How would no incentives and low fees sustain the miners in securing the blockchain? |
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I've only seen Green Book, Black Panther, BlacKkKlansman and Bohemian Rhapsody.I think the first one is Oscar material, not the other three.
If I had to bet, I'd go with Roma, Rami Malek, Glenn Close and Spike Lee.
Watch Roma! It is on Netflix now if you have it. If not, there is always torrents hehehe. There is no excuse not to be able to watch the latest movies anymore. I have not finished my thorough study of these movies but I might have a similar prediction except for best director. Alfonso Cuaron would be my prediction. I would not bet on it however. |
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Am I correct in stating that there will be approximately 315 million GRIN after 10 years?
1 per second x 10 years?
If so the supply doesn't seem that high to me considering what the potential is for this coin to develop in the next ten years.
You're right. I also think the same - many people misunderstand. They think that Grin's monetary policy is stupid and irrational. Well, it is not. It has been designed this way on purpose. I personally think it's a good model and will play out nicely. Here's a nice chart that shows the Grin supply https://docs.google.com/spreadsheets/d/1RO3zc5AvfN9rcVnrYnLjqCikFLHmD39_7MCV18lDrvc/edit#gid=0Agreed. I always was a believer of the tail emmission that some cryptonote coins implemented. However, the implementation was more for the adapative block size than the distribution, but it still gives continuous incentives for miners. In anycase, a hard cap on the supply in some coins are not practical unless the developers were planning something else for the coin other than make it a daily currency. The hard cap encourages hoarding, which might be a limitation for mass adoption. |
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Was that something that we should celebrate about, however? I reckon people who might potentially want to use bitcoin regularly might instead choose to use an altcoin because they get the same results without paying for the high fees.
Also, escaping by saying that we are dead before it becomes a major problem is like already accepting that there is no fix to the problem.
That's the luxury of being dead. All of one's problems are solved instantly and eternally. All of this experimentation in recent years is heading towards what the core developers have been mumbling about all along - all necessary scaling is looking increasingly like an impossibility on chain. There are two likely outcomes. Either something comes along that isn't BTC that does scale on chain which is more than possible though whether BTC is too entrenched by then is another matter, or it does the layer two thing. If it is to be layer two then on chain transactions will be large and carefully planned which'll provide a much steadier fee situation than the current ad hoc spikes. A layer 2 does not solve the miners' problem to be incentivized, I reckon. It competes with it in fee collection. How is that advantageous for the miners who already have their incentives halved every 4 years? |
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How big is the chance that Cryptopia founders were exit scamming? Exit scams appear to occur again periodically among ICOs and some exchanges during a bear market.
Should we expect more of it hehehe?
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The Oscar Awards are back for all you couch potatoes who also love gambling hehehe.
The ceremony will be on February 24, 2019. Share your predictions! I will share mine after a complete and thorough study hehehehe.
All odds listed are from nitrogensports.eu.
Also, share your predictions on other categories and odds available like best screenplay or best cinematography from other sportsbooks.
Best Picture
Roma - 1.83
Green Book - 5.00
A Star Is Born - 9.00
BlacKkKlansman - 10.00
The Favourite - 11.00
Bohemian Rhapsody - 17.00
Black Panther - 34.00
Vice - 51.00
Best Director
Alfonso Cuaron (Roma) - 1.071
Spike Lee (BlacKkKlansman) - 9.00
Adam McKay (Vice) - 26.00
Pawel Pawlikowski (Cold War) - 26.00
Yorgos Lanthimos (The Favourite) - 26.00
Best Actor
Christian Bale (Vice) - 2.00
Rami Malek (Bohemian Rhapsody) - 2.37
Bradley Cooper (A Star Is Born) - 7.00
Viggo Mortensen (Green Book) - 17.00
Willem Dafoe (At Eternitys Gate) - 34.00
Best Actress
Glenn Close (The Wife) - 1.40
Olivia Colman (The Favourite) - 5.00
Lady Gaga (A Star Is Born) - 6.50
Yalitza Aparicio (Roma) - 17.00
Melissa McCarthy (Can You Ever Forgive Me?) - 34.00
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@Kemarit. I reckon Binance is only one of the very few exchanges left that accepts new accounts without enforcing KYC/AML for small withdrawals.
The hackers might have made many accounts there and planned to withdraw the coins for 2 bitcoins at a time, every 24 hours from many accounts hehehe. An easy catch for Binance.
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A BIS source is going to be as hopelessly fudtastic as Nouriel Roubini after his Yobit account's been hacked.
I remember Greg Maxwell celebrating the fact that a block's fees outweighed the block reward for the first time during the height of Bitmain's probable spamming. It certainly sucked for us but it did prove it was possible.
Luckily we'll be dead or in nappies before this becomes a major problem. I am curious to see how it's going to pan out. If I'd been designing BTC I would've kept an eternal tail emission but you're not allowed to say such things.
Was that something that we should celebrate about, however? I reckon people who might want to use bitcoin regularly might instead choose to use an altcoin because they get the same results without paying for the high fees. Also, escaping by saying that we are dead before it becomes a major problem is like already accepting that there is no fix to the problem. |
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This would be amazing if not for the infinite supply and stupid emissions policy.
Doesn't ETH also have infinite supply though?  And the emission might be considered low... well... I can't judge it yet since the price and the interest on the project fluctuates wildly. I'm not saying I disagree with your points, I'm only saying that we can't draw any conclusions yet... whether the supply and emission policies are correct or wrong. Agreed. Sometimes it appears to me that bitcoin's capped supply might be a mistake. Can the miners really be incentivized to secure the ledger forever from the fees alone? Yes but with high fees. However, does it have to be that way? |
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@boomboombazooka. Why do you want to do it on Bisq? Do it over the counter with a person you trust if you do not want to use Bittrex. You might get a better price for it.
I reckon Bisq's listing does not help put liquidity on the exchange or Aeon.
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Although I have not read much about both, it seems to me that both are just hyper. We know that anyone with good money can pay for marketing. So I'd rather wait and see what happens
Grin is a legitimate experiment by a long time Bitcoin developer and the theory behind it has been discussed for quite some time in the developer community, so I wouldn't just throw it in the hype bucket and call it a day. That being said, it's distribution is 1 grin per second for eternity, which means it will be 3 years before it drops below 50% inflation--you couldn't spend your money fast enough if that was country's currency, so anyone buying now is probably fighting a losing battle if they expect to cash out on a price increase. I'd wait four or five years before even bothering hodling it. But as far as being useful, it is if you just buy it to spend it for privacy--but of course that adds the cost of volatility, conversion fees, etc, so it's like a really bad implementation of Monero. But why 3 years? I thought that number of mined Grins is constant, no halving and so on. So what will happen after 3 years? % of total supply Let's say you mine 1 coin per day: Year 1: 1 coin to start and ends year at 365, so 365x increase Year 2: 365 coins to start and ends year at 730, so 1x increase Year 3: 730 coins to start and ends year at 1095, so 0.50x increase As you can see the % mined is less and less of the total supply, so after 10 years it's a drop in the bucket. Also, I didn't say consider in 3 years, but 4-5 because it drops to ~10% and below of total supply, which is when things get interesting. We also do have to speculate on the demand side however, not only the supply side. Ethereum has an infinite supply and a premine. That did not stop it from becoming on top 2 in market capitalization. Also, those crazy pumpers, those greedy holders hehehe. |
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They will fight. The promoters also did the same chance encounter in an NBA game marketing strategy when they were beginning to hype Floyd versus Manny 1.
I predict that the fight will be on christmas. The perfect time to scam everyone hehehe.
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