trucobit
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February 18, 2019, 07:06:11 PM |
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a currency with unlimited supply can only fall in time, the $ 5 will be sadly recounted in a few months. In fact it is not profitable to mine it since days ago.
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"You Asked For Change, We Gave You Coins" -- casascius
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Cryptotourist
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February 18, 2019, 07:42:12 PM |
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a currency with unlimited supply can only fall in time, the $ 5 will be sadly recounted in a few months. In fact it is not profitable to mine it since days ago.
OK, so which coin is profitable to mine ATM? For AMD maybe so - due to the lack of mining software support - but for NVDIA it is not the case:
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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bbc.reporter
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February 19, 2019, 03:29:13 AM |
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Looks like we are on maintenance mode also. More than 10% inflation for the next 10 years, more than 5% inflation for the next 25 years. This was made for the purpose of stability and to bring down volatility. Considering that grin might never have bitcoin's level of adoption in the next 10 years, grin's move will be predominantly on a low volatility line going down. I reckon grin's development team were very serious when they said that this will not be a get rich quick coin. Grin isn't for getting rich quick.Source https://github.com/mimblewimble/docs/wiki/Monetary-Policy
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Cryptotourist
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February 19, 2019, 08:17:50 AM |
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If someone thinks that he's going to get rich in a split second just because he bought some crypto, then he should have his head examined. Had read that before, but failed to remember the juicy parts. Thanks. - It's more similar to Ethereum Ethereum's reward stayed at 5 ether per block until late 2017. It then changed to 3 ether per block, with plan to 2 ether per block after Constantinople upgrade. - It's even more similar to gold Gold has historically had a linear emission, like Grin. See this graph comparing Bitcoin, Grin, and gold emissions.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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RivAngE
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Activity: 728
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What doesn't kill you, makes you stronger
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February 19, 2019, 11:01:48 AM |
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More than 10% inflation for the next 10 years, more than 5% inflation for the next 25 years. This was made for the purpose of stability and to bring down volatility. Considering that grin might never have bitcoin's level of adoption in the next 10 years, grin's move will be predominantly on a low volatility line going down. I reckon grin's development team were very serious when they said that this will not be a get rich quick coin. Grin isn't for getting rich quick.Source https://github.com/mimblewimble/docs/wiki/Monetary-PolicyRespectfully asking... do you know what inflation means? Since GRIN has a steady emission, it CAN NOT have a steady inflation percentage for 10 or 25 years. After 1 year GRIN will be increasing its supply by 0.0792% monthly, or roughly by 0.9% between year 1 and year 2. That's a long cry from the "10% for the next 10 years". A more detailed approach, You cant compare price I think. Because Ravencoin have max supply coins and Grin dont have. Crin is interesting for sure... but unlimited coin a little scares...
But Ravencoin won't hit the max supply for over 20 years... to be honest I'm bored to calculate it exactly with the halvings that will occur. I calculated the today's monthly inflation of Ravencoin and Grin, - Grincoin adds 2.201% more coins every month and it's about 13 days old.
- Ravencoin adds 0.0776% more coins every month and it's 13 months old.
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.
But what I'm most interested to compare is the emission after RVN halves the rewards. These will be the emission rates 4 years after the genesis block of both coins (January 2023 for GRIN and January 2022 for Ravencoin). Both chains will be at block 2,100,000 after 4 years. - GRIN will have 126m coins and the steady block reward will be equal to 0.0206% monthly inflation at that time.
- RVN will have 10.5b coins but the block reward will be halved to 2500 thereafter. This means 0.0103% monthly inflation (after the halving).
It seems to me that for the first 4 years both coins have a very similar inflation pattern. By the end of 4 years both coins will be at a very low 0.02% / month. However, after that Ravencoin will start halving (every 4 years) and the inflation rates of the two coins will start diverging until after maaaaany years RVN won't be able to halve any more. The question is, how important will this 0.01% difference be when it takes place in 4 years? How will all the other factors weight in (recognition and acceptance, usability, technical advancements, investors' liking)?
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Febo
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February 19, 2019, 06:46:22 PM |
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If someone thinks that he's going to get rich in a split second just because he bought some crypto, then he should have his head examined. Had read that before, but failed to remember the juicy parts. Thanks. Well if you scrap your savings and buy Bitcoin today and wait 3 years you will be rich. I am pretty much sure about that. all you will need to do is to keep coins safe.
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Cryptotourist
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February 19, 2019, 09:12:46 PM |
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You said it, 3 years minimum, not tomorrow.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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Hueristic
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Doomed to see the future and unable to prevent it
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February 20, 2019, 02:35:13 AM |
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Nothing too exciting today. This graph is exactly as was expected. a currency speculative asset with unlimited supply can only fall in time, the $ 5 will be sadly recounted in a few months. In fact it is not profitable to mine it since days ago.
FTFY
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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bbc.reporter
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February 20, 2019, 03:58:59 AM |
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@Rivage. Respectfully read it again, I said more than 10% inflation for the next 10 years and more than 5% inflation for the next 20 years, not 25 years. I made a mistake.In any case, you might need a visual aid. Look at this. https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0@Cryptotourist. Agreed. Demand is unpredictable, however.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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rivergrande
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February 20, 2019, 04:22:19 AM |
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Demand is unpredictable, however.
Demand can be modulated.
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Cryptotourist
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February 20, 2019, 09:59:19 AM |
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Demand is unpredictable, however.
Demand can be modulated. Demand can be modulated, thus it is unpredictable for the average Joe.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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Cryptotourist
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February 21, 2019, 11:04:21 AM |
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Things haven't been kind for Grin recently. Market depth indicates that we might go under the ~0.0010 mark. Or just bounce from where we are. We'll see.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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rose9696
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https://streamies.io/
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February 21, 2019, 11:54:00 AM |
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now it is quite stable and there is no sign of strong pumping from the whales. Will it continue to fly high with large investors' money? Any sign of it? I am really quite interested in Grin when its community is big and people talk very enthusiastically.
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Globb0
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Free spirit
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February 21, 2019, 12:10:24 PM |
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Demand is unpredictable, however.
Demand can be modulated. Demand can be modulated, thus it is unpredictable for the average Joe. What is modulation in this context? I understand fully the electronics term. Moving the volume to a certain "range" ?
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Cryptotourist
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February 21, 2019, 12:13:47 PM |
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Moving the volume to a certain "range" ?
That's pretty much how I perceive it.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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pisston
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February 21, 2019, 06:27:40 PM |
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Moving the volume to a certain "range" ?
That's pretty much how I perceive it. everything that happens in the cryptocurrency market can be perceived ambiguously. Based on this, each user draws his own conclusions and acts on his own. According to the analysis of the cryptocurrency market, the rush of sales of all cryptocurrencies, including the most rated ones, is equivalent to the beginning of 2018. An interesting fact is that capitalization is increasing and is pleased that investors are again interested in cryptocurrency.
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HairyMaclairy (OP)
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Degenerate bull hatter & Bitcoin monotheist
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February 22, 2019, 03:15:50 AM |
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I have no interest in buying on the current technicals. It just keeps grinding lower.
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bbc.reporter
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February 22, 2019, 03:41:46 AM |
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Moving the volume to a certain "range" ?
That's pretty much how I perceive it. Maybe he also means to control or to manipulate which does not make grin look better because it also implies a pump and dump hehehe. However, grin might find some balance between miner emission, inflation and demand later this year or beginning of 2020.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Hueristic
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Doomed to see the future and unable to prevent it
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February 22, 2019, 06:20:14 AM |
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Moving the volume to a certain "range" ?
That's pretty much how I perceive it. Maybe he also means to control or to manipulate which does not make grin look better because it also implies a pump and dump hehehe. However, grin might find some balance between miner emission, inflation and demand later this year or beginning of 2020. I'd say late 2021.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Cryptotourist
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February 22, 2019, 10:18:48 AM |
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Since I'm already way in profit on Grin, currently I'm a holder. Price falling, with no signs of real support - only the usual fully bot modulated buy/sell walls. If it moves more than 50% down of where it is ATM, I will just double buy my stack.
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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