2023 Meme contest, anything goes, just have fun Meming!

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Screenshot 2023-01-23 230253
Screenshot 2023-01-23 230253982×1194 115 KB

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grin_disinflationary_meme

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You mean loss rate will approach emission rate :slight_smile:

But it’s disinflationary irrespective of losses.

Actually, since the term disinflationary refers to a slowing inflation, it might not even be appropriate for a system that reaches equilibrium between inflation and losses.

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Fixed the meme :point_up:.

I suspected it would. I thought it would be best to educate people to not only think in terms of emission/supply but also take into account the loss rate since people who complain or question the choice of linear supply nearly always overlook there is also a loss rate (at least I did when I asked such question many years ago :sweat_smile:).

Should I call Grin a “stable coin” instead of dis-inflationary, since it is approaching equilibrium? On the long term this might actually be best term to describe Grin. For now I think dis-inflationary is still the best by lack of a better term.

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Stable coin refers to stable price. Grin is not a stable coin, although I have proposed a way it could be a half-stable coin.

Your meme is still confused since losses are not what makes Grin disinflationary. A tail emission is what makes a coin disinflationary. Grin just happens to have one since launch.

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The best term to describe Grin’s monetary supply is dis-inflationary, I think you agree with that?
I think in this case you can just read the second line as describing the active supply of Grin, it will approach an equilibrium. The second line does not have to be a description or definition of what dis-inflationary is since dis-inflationary is an imperfect (but best we have) term to describe Grin. Since both are suited for explaining Grin individually I see not much harm in using them combined even though it might lead to some people confusing the exact meaning of dis-inflationary. But feel free to disagree.

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The best term is (pure) linear, which describes it precisely.

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Trying to disentangle and still keep the message:
grin_disinflationary_meme2
grin_disinflationary_meme4

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Good/interesting point. The average crypto user equates “rate of emission” with inflation, but any economist would say inflation is an “increase in the supply of money vs the demand for money”. (Austrians would further argue that demand for money can’t be measured
 so that becomes a dead end).

But then inflation in a monetary sense, only makes sense when talking about money. I don’t think any cryptocurrency yet has transitioned from behaving as a commodity to behaving as money, so maybe the term inflation is entirely inapplicable to cryptocurrencies until one of them takes on the properties of money. This quickly gets very philosophical, lol

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Yes, economists mainly talk about inflation as price inflation, and in crypto people normally talk about supply inflation. Adding these terms will help avoid confusion.

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Grin_meme_no_amounts_adresses
Meme_coin_swap_comming_soon

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grin_pric_forecast_meme

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angrymengrin
angrymengrin1000×846 195 KB

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MW
MW1000×1100 193 KB

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My little contribution

Warren feat Grin

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Capture d’écran 2023-02-04 à 21.17.10
Capture d’écran 2023-02-04 à 21.17.10976×978 66.1 KB

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image
image1066×928 96 KB

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grinvana

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grinvana a grin every second
grinvana a grin every second990×968 112 KB

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Pederson commitment
Pederson commitment500×756 340 KB

Neither v nor r can be deduced, leveraging the fundamental properties of Elliptic Curve Cryptography. r*G + v*H is called a Pedersen Commitment.`

Generating a private key as a blinding factor for each input value and replacing each value with their respective Pedersen Commitments in the previous equation, we obtain:

(ri1*G + vi1*H) + (ri2*G + vi2*H) = (ro3*G + vo3*H)

Which as a consequence requires that:

ri1 + ri2 = ro3

This is the first pillar of Mimblewimble: the arithmetic required to validate a transaction can be done without knowing any of the values.

For Bitcoiners: r is called the blinding factor, which in fact is just one of the derived private-keys in your wallet.

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