Grin Observer - GRN/BTC - Price Movement and Discussion

[HairyMaclairy]

Can’t chart on the phone but price currently heading in one direction, below previous reversal point.

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[vikec1989]

katastrofic.... a lost 0,3 btc

[Cryptotourist]

Sorry to hear that.
Grin is very new and highly volatile. Very risky business.

#

Can’t chart on the phone but price currently heading in one direction, below previous reversal point.

Definitely going down. Maybe it provides a good chance to buy before the Chinese new year.

[vikec1989]

buy so i can recovery my losses

[crairezx20]

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

[Cryptotourist]

Said it yourself.
You forgot to sell your coins.

A bit embarrassing, but here goes nothing:

https://bitcointalk.org/index.php?topic=5104296

[atoshi]

Here is another useful site where you can watch GRIN price in real-time https://coinalyze.net/grin-live-price-charts/

[Red-Apple]

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

the reason why price of coins like this falls is because of their large supply + the large amount that is being injected in the market per day. from what i understand it has 1 minute block time with 50 coin/block reward. that is 72000 coins per day being injected in the market (compare to bitcoin's 1800 BTC/day it is 40 times bigger).

in other words it is a fast increasing supply while the demand doesn't exist or if it does it can't keep up with the supply.

[HairyMaclairy]

^knifecatching: hard mode

[mindrust]

Beam has 20% Dev tax IIRC.

That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?

It is very scammy to pay %20 of your mining rewards. Actually sounds a lot like a ponzi scheme. You work to make the devs rich.

Most bitcoin people don't like to get taxed neither. Then why should we switch from one shit currency which the govs tax (FIAT) to another shitcoin Beam where your income gets taxed instantly by %20? No thanks, fuck Beam and fuck its devs.

[Globb0]

^knifecatching: hard mode

[RivAngE]

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

the reason why price of coins like this falls is because of their large supply + the large amount that is being injected in the market per day. from what i understand it has 1 minute block time with 50 coin/block reward. that is 72000 coins per day being injected in the market (compare to bitcoin's 1800 BTC/day it is 40 times bigger).

in other words it is a fast increasing supply while the demand doesn't exist or if it does it can't keep up with the supply.

The block reward is 60, not 50. But the GRIN's emission rate and its "fair launch" is similar to Ravencoin's. Because of that I believe it'd be helpful to take a look at Ravencoin's price and compare the inflation of both.
After this is done, everyone should weight the usability and goals of the two projects and decide if they believe GRIN will do better or worse than the historic data from Ravencoin.

I'd like to repost my calculations here,

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)?

[LFC_Bitcoin]

Pump & Dump?

[_javier_]

Pump & Dump?

maybe after Binance listing

[consideritdone]

There there https://www.coingecko.com/en/coins/grin, $3 to re enter

[Privcy Foundation]

Beam has 20% Dev tax IIRC.

That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?

It is very scammy to pay %20 of your mining rewards. Actually sounds a lot like a ponzi scheme. You work to make the devs rich.

Most bitcoin people don't like to get taxed neither. Then why should we switch from one shit currency which the govs tax (FIAT) to another shitcoin Beam where your income gets taxed instantly by %20? No thanks, fuck Beam and fuck its devs.

Beam can suck my fat cock, those greedy fucking jews. NEVER SUPPORT A COIN WITH A FOUNDERS TAX< THIS IS BULLLLLSHIT.

[Cryptotourist]

Pump & Dump?

maybe after Binance listing

Funny you should say that.
Combined with the new year, would make an excellent party.



No evidence of course, just feeling dope.
Either way, it won't be too long I imagine.

[HairyMaclairy]

Ravencoin is dependent on others using it as a platform for it to have value (like ETH).  I don’t know any projects building on Raven and don’t know the incentives for doing so. Saying it is a Bitcoin fork doesn’t mean much.

Grin is a currency - it’s not dependent on other projects. 

Totally different imho.  

[HairyMaclairy]

Pump & Dump?

maybe after Binance listing

There is no one to pay the $2 million listing fee, so will take much longer. 

[Last of the V8s]

you can buy all sorts of plastic stuff that says ravencoin on it with rvn https://www.ravencoin.shop/
and there's games https://www.ravencointalk.org/post/luckygames-provably-fair-ravencoin-online-casino-9888899?trail=20#13
meh seems to be it for now
#dyor no idea if these are rip offs or not

will/can people do that kind of thing with grin?