Grin Observer - GRN/BTC - Price Movement and Discussion

[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.

[Febo]

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

There is a huge different when inflation is written in the protocol, than when inflation is decided by the current guy that is chief of FED. A huge difference. You have no ideas how much USD will get printed in next 10 years when you totally know how much grin will be mined.  Also all PoW coins are inflationary. Including Bitcoin. Bitcoin will have emission inflation for more then next 100 years. It is funny how so so many simply ignore this well known fact.

[Texacha]

True, if we compare FIAT with GRIN.
But ... If you compare it to Bitcoin (or Litecoin or any other POW coin), Grin will always have large inflation, which will be even larger after every halvening of BTC or LTC. If we look at "current supply" of GRIN few years from now and compare it with GRIN inflation today, it will be much smaller ofcourse, but even then it will be much larger than inflation of deflationary POW coins.
That may be good thing in terms of survivability, distribution, adoption, etc... but it will definitely be bad price-wise, in satoshis. So, why would anyone hold GRIN instead of BTC?

[Febo]

But ... If you compare it to Bitcoin (or Litecoin or any other POW coin), Grin will always have large inflation, which will be even larger after every halvening of BTC or LTC.

Yes it will have higher emission inflation. But that dont mean it will be high. Very high is now. Very high will also be the next year. After that will be just high. After 10 years will turn into normal. And after 50 years will be small. Small is what Gold mining emission is. Bitcoin and Litecoin will both have less emission inflation 50 years from now, but all of them will fit in "small" category. But a million bitcoin question is will be that emision to small to secure network?