Bgogo exchange looked like super fake bot washing traffic to me.  



That is not organic volume.

OFC, but another perspective is useful. Coin-specific threads end up becoming circle jerks (Monero thread included).

As long as Tom Lee still thinks the 'true' value of Bitcoin is over $10,000 we shouldn't expect anything to change.

I want to see him regret every bullish thing he said about Bitcoin, consider it a ponzi scheme, and go back to his stock--traditional market analysis. He's not doing himself a favor continuing to be called a Bitcoin bull.

I find it shocking that someone with his level of market understanding doesn't see how a bear market within the crypto world isn't much different from traditional bear markets. The only difference is that it bottoms out sooner.

are you sure about that?

first, you're probably mistaking altcoin speculation for actual usage. "cheaper transactions" has been an effective marketing ploy for many altcoins but their rise in price doesn't necessarily indicate people are using them for cheap fees. people are probably just speculating that cheap fees will be important for future utility. that doesn't make these speculators correct that bitcoin will be cannibalized by coins with lower transaction fees. the market will decide that.

second, as more and more coins are launched (with higher and higher circulating supplies), "bitcoin dominance" as a function of market cap should continue dropping. that really doesn't indicate that bitcoin has lost its dominance over the market. no altcoin comes anywhere near dethroning bitcoin in price, liquidity, usage, value transferred, etc and i think that will continue to be true.

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.  

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.

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.  

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?

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.