Grin Observer - GRN/BTC - Price Movement and Discussion

[Globb0]

Last 3 months




Last year

[Cryptotourist]

^. Yeah, thought it looked familiar:



 

[Hueristic]

^. Yeah, thought it looked familiar:



 

Actually they are not similar at all.

Grins chart represents a pump and dump on launch with the monetary policy creating sell pressure while Monero shows a initial pump and a crippled miner inherited from the previous fork that created a artificial sell pressure until it was found out and then a recovery (as can be seen by the massive drop and then recovery spike) and then price equilibrium being found from the not quite as aggressive emission schedule which is dynamic in nature and does not "Half" and therefore does not create artificial speculation scarcity points just like Grin. Fun fact from Monero history is some of the initial purchasers of Monero tried to force through a emission cutting scheme to alleviate the sell pressure and the community voted them off the Island.

[Cryptotourist]

Actually they are not similar at all.

Grins chart represents a pump and dump on launch with the monetary policy creating sell pressure while Monero shows a initial pump and a crippled miner inherited from the previous fork that created a artificial sell pressure until it was found out and then a recovery (as can be seen by the massive drop and then recovery spike) and then price equilibrium being found from the not quite as aggressive emission schedule which is dynamic in nature and does not "Half" and therefore does not create artificial speculation scarcity points just like Grin. Fun fact from Monero history is some of the initial purchasers of Monero tried to force through a emission cutting scheme to alleviate the sell pressure and the community voted them off the Island.

Well that's the reasoning.
My comment was more from an art-full perspective - lines, curves, splish splash n all.

Times and faces change bud, but history does tend to repeat itself.

[Hueristic]

Actually they are not similar at all.

Grins chart represents a pump and dump on launch with the monetary policy creating sell pressure while Monero shows a initial pump and a crippled miner inherited from the previous fork that created a artificial sell pressure until it was found out and then a recovery (as can be seen by the massive drop and then recovery spike) and then price equilibrium being found from the not quite as aggressive emission schedule which is dynamic in nature and does not "Half" and therefore does not create artificial speculation scarcity points just like Grin. Fun fact from Monero history is some of the initial purchasers of Monero tried to force through a emission cutting scheme to alleviate the sell pressure and the community voted them off the Island.

Well that's the reasoning.
My comment was more from an art-full perspective - lines, curves, splish splash n all.

Times and faces change bud, but history does tend to repeat itself.

Yeah, just thought I'd drop a little knowledge and rib ya a little.

[bbc.reporter]

@Hueristic. You should not be ribbing on cryptotourist. He might jump from a cliff without parachute hehe. He has been waiting for this moment since page 1 hehehehe.

[Cryptotourist]

@Hueristic. You should not be ribbing on cryptotourist. He might jump from a cliff without parachute hehe. He has been waiting for this moment since page 1 hehehehe.

Wait, what?
That was last year, I had a boating accident:



But have fully recovered since:



I don't do cliffs any more.

[siajeen]

The emission rate is just to high, I think this coin will end like zec...

[Cryptotourist]

The emission rate is just to high, I think this coin will end like zec...

I don't see how they compare, but that's roughly X100 - in value - from where both coins are right now.
Okay!

[nutildah]

Did you guys hear the news about BitGrin? Its only relevant because its a fork of Grin that supposedly had a cap of 21 million coins ever to be minted. However, a review of the code reveals that the developer slipped in an extra 5 BILLION coins during a fork.  

When called out on it, he said that it was an accident and he forgot to put in a decimal place somewhere. Looking at the explorer reveals that the extra minted coins have already been moved, so there's no going back on it.

https://medium.com/@pharozen/bitgrin-xbg-just-scammed-you-f856d44a19c9

The dev says he's going to rebrand the coin and magically undo the "slip up", but I don't think anybody's buying it. Quite literally. Volume is down to about $10k per day.

You can ridicule them here in their ANN thread if you desire.

Just thought you might find it interesting.

[Febo]

The emission rate is just to high, I think this coin will end like zec...

ZEC problem is that have no community. But it have strong corporation support. Grin will be exactly opposite. Corporations will hate it.

Did you guys hear the news about BitGrin? Its only relevant because its a fork of Grin that supposedly had a cap of 21 million coins ever to be minted. However, a review of the code reveals that the developer slipped in an extra 5 BILLION coins during a fork.  

It will take 150 years for Grin to reach 5 billion Grin. Long long time.

[bbc.reporter]

The emission rate is just to high, I think this coin will end like zec...

Its monetary policy will cause Grin's price to be more stable than bitcoin and become more attractive as a store of value. Anonymous, fungible, scalable, stable. Everything bitcoin was assumed to be.

[Febo]

Waiting for 1000 sats Grin. If that ever happen smart move would be to spend all available founds to grab some Grin. If it will happen it will happen this or next year. 2022 will be to late.

[Hueristic]

Waiting for 1000 sats Grin. If that ever happen smart move would be to spend all available founds to grab some Grin. If it will happen it will happen this or next year. 2022 will be to late.

Why is that?

[Febo]

Waiting for 1000 sats Grin. If that ever happen smart move would be to spend all available founds to grab some Grin. If it will happen it will happen this or next year. 2022 will be to late.

Why is that?

If the development will go as it goes so far and in general economy will stabilise by 2022, I simply cant see that Grin would bottomed latter than that year. Emission inflation will not be low but at least it will be at a bearable rate.

[bbc.reporter]

@Febo. However, this might be a problem. If holding bitcoin makes you more and makes you to purchase more goods and items, why would people in the cryptospace join to buy and hold Grin?

I reckon distribution of inflated grins as widely as possible across all types of people might also be a problem. Miners certainly would only dump them.

[Febo]

@Febo. However, this might be a problem. If holding bitcoin makes you more and makes you to purchase more goods and items, why would people in the cryptospace join to buy and hold Grin?

I reckon distribution of inflated grins as widely as possible across all types of people might also be a problem. Miners certainly would only dump them.

Everything with a demand have bottom price. Well even without demand there is bottom price, but it is close to zero. Bitcoin will perform better toward Grin until when it will not anymore.

[bbc.reporter]

@Febo. However, when will grin perform better than bitcoin unless it was only a speculative pump? Also, similar to all pumps, the buyers only return to holding bitcoin or fiat.

[Texacha]

As someone told: "I don't need inflationary crypto. I have EUR and USD for that."

[Hueristic]

As someone told: "I don't need inflationary crypto. I have EUR and USD for that."

They obviously don't understand a monetary policy of inflationary distribution with a tail emission as opposed to a pyramid scheme.

They should stay circle jerking shitcoin dumps on each other.