Grin Observer - GRN/BTC - Price Movement and Discussion

[vit05]

Pump & Dump?

maybe after Binance listing

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

They could listing a coin without the fee payment. I am not sure if Decred has paid anything to be listed.

https://support.binance.com/hc/en-us/articles/360018572891-Binance-Will-List-Decred-DCR-on-2018-10-24
Fellow Binancians,

Binance will open trading for DCR/BNB and DCR/BTC trading pairs at 2018/10/24 04:00 AM (UTC). Users can now start depositing DCR in preparation for trading.

Decred Listing Fee: 0 BNB

[1713574721]

1713574721

[1713574721]

1713574721

[bbc.reporter]

An executed order by definition does not add liquidity, it takes liquidity off the books.

However, they also provide the liquidity in the orderbook. In the creation of the market, it might be true that the volumes are fake because the market makers are trading largely with each other's orders depending where the market is going.

We cannot expect that only users to start the market.

[HairyMaclairy]

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

Value your privacy and fungibility? Get the hat !

[HairyMaclairy]

Decred Listing Fee: 0 BNB

Decred listing fee - first charitable donation by Binance Foundation?

[puremage111]

Hmmm the total supply is not even 2M there hence i believe the coins might be easier to be push upward than downward especially holders will hold and deduct the overall supply from the market

But i have one issue there, if people are hoping for getting regulations and transparency, wouldn't GRN moves backward here?
It has no address, no transactions, wipe transactions after it is unnecessary
Is that really good there?
I agree that it is scale-able and solve problems like big blocks issue
But in the long run, if trading volume goes off, i believe the price would eventually collapse tho 

[HairyMaclairy]

If miners are selling (and most industrial miners have to sell) then US$432,000 is required every day to keep the price at its present level.  This is what people are mindful of. 

[Cryptotourist]

If miners are selling (and most industrial miners have to sell) then US$432,000 is required every day to keep the price at its present level.  This is what people are mindful of.  

Not only that, exchanges 'force' not so experienced miners to withdraw their minted coins to an exchange.
Taking also into account the 'difficulty' in handling Grin, as well as the shift to wallet listeners that require port forwarding to get your funds (but not to send them), it can only mean one thing until the dust has settled down.

Happy New Year!

[RivAngE]

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

Value your privacy and fungibility? Get the hat !

Alice? Nani?

[_javier_]

Pump & Dump?

maybe after Binance listing

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

Grin will pay the same listing fee as Ravencoin paid. 

[RivAngE]

Pump & Dump?

maybe after Binance listing

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

Grin will pay the same listing fee as Ravencoin paid. 

I don't know what listing fee Ravencoin might have paid, but for community driven projects which take a lot of attention, it makes sense for exchanges to list them for free or with big discounts.
When the community is big, the exchanges want to grab customers from that community.
I don't think anyone ever paid for BTC or ETH to be listed anywhere!

[infofront]

[infofront]

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.  

Raven depends on people storing assets on the chain. The value is purely speculative at this point. There's hope that Ravencoin will be the Ethereum of STOs. Also, Patrick Byrne (overstock.com CEO) has been shilling Raven, overstock.com's Medici Ventures funds most of Raven's development, and there's speculation that the Tzero STO trading platform (mostly owned by overstock.com) will use the Ravencoin blockchain.

It's a shitcoin for now, but buying some would be a smart bet if you believe that the STO boom, that many are predicting, will come. Some speculate that as the last bull run was fueled by ICOs, the next will be fueled by STOs.

That's getting OT, so I'll try to tie that into this thread. As speculative assets go, RVN is a pioneering coin in a new space. Grin is stepping into an already-crowded space and doesn't offer much over XMR, IMO. With that said, some also predict that privacy coins will be a driver of the next big bull run. Even if Grin is playing 2nd or 3rd fiddle in the privacy space in a few years, it would still go parabolic in a privacy coin boom.


*I hold positions in RVN, GRIN, and XMR.

[Hueristic]

I didn't even know what the fuck an STO was, i'm so far behind the curve!

[infofront]

Here’s what you need to know about security token offerings (STOs)

They're similar to ICOs, but they will abide by all regulations. The hope is to tokenize shares of stock, bonds, etc.

[_javier_]

Pump & Dump?

maybe after Binance listing

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

Grin will pay the same listing fee as Ravencoin paid. 

I don't know what listing fee Ravencoin might have paid, but for community driven projects which take a lot of attention, it makes sense for exchanges to list them for free or with big discounts.
When the community is big, the exchanges want to grab customers from that community.
I don't think anyone ever paid for BTC or ETH to be listed anywhere!

https://twitter.com/cz_binance/status/1050326256841940994

"Back to listing.  Ravencoin, no ICO, community project, humble people, no listing fee."

CZ listed Ravencoin for free.

[Globb0]

Stupid big dollar amounts for a listing was always ridiculous,

easy way to cream the cash directly from ICO's though.

[Hueristic]

Here’s what you need to know about security token offerings (STOs)

They're similar to ICOs, but they will abide by all regulations. The hope is to tokenize shares of stock, bonds, etc.

Ohh yeah, I remember now it's illegal in the USA for the poor to participate in them, capitalism at its finest.


CROSSPOST:

This is important post from GRIN community.
If you want GRIN project to proceed steadily please see the post below and forward it to those you think this message concerns.

Early disappointments (posted by igno.peverell)
https://www.grin-forum.org/t/early-disappointments/3682

" yeastplume’s campaign is still very far from being even 10% funded."
"This is directly addressed to some of the new funds, miners, mining pools and exchanges that have entered this ecosystem since the launch and benefited from it."
"Perhaps Chinese translation would be a good thing."
⇒A Grin's community member translated this message into Chinese! https://www.grin-forum.org/t/early-disappointments/3682/11

The lesson for every development or research team watching looks pretty clear: more scammy ICOs for more money and a lot less work. Perhaps forcefully taking 20% of all rewards is the only way to get any contribution out of the mining industry. Are those the conclusions you want to impress on everyone in this sector? Because if greed feeding on itself is the only lesson, then this space truly deserves a really long and hard winter. A lot more creation is needed to reach escape velocity, and that won’t happen if everyone’s goal is just feeding off it.

Yup, don't let the fucking scamming leeches steal this scene. Go in those fucking forked Grin threads and blow them up and get this shit funded you cheap ass bastards. You pay more to the fucking miner Devs than this guy!

https://grin-tech.org/yeastplume

Developer Funding - Yeastplume

Funding to allow Yeastplume to give full-time attention to Grin from March-Aug 2019
Funding status (March 2018 - Aug 2019)

Status: Open - €22,530 of €55,000 Target Goal: Crypto equivalent of €55,000

[Cryptotourist]

Yup, don't let the fucking scamming leeches steal this scene. Go in those fucking forked Grin threads and blow them up and get this shit funded you cheap ass bastards. You pay more to the fucking miner Devs than this guy!

https://grin-tech.org/yeastplume

Developer Funding - Yeastplume

Funding to allow Yeastplume to give full-time attention to Grin from March-Aug 2019
Funding status (March 2018 - Aug 2019)

Status: Open - €22,530 of €55,000 Target Goal: Crypto equivalent of €55,000

That was fast
Check the BTC address, the page has not refreshed yet.
Impressed.

[Globb0]

So that is the guy that is grinning


right

[yefi]

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.

I'm probably missing something here, but how are you calculating monthly emission rate? My understanding is there's 86,400 GRIN mined per day, which is a helluva lot more than 0.0792% per month.