You’re wrong, the most important thing is TRUST. Coins loses TRUST while the POPULARITY increase. The most important thing to survive is to be CONSISTENT. For sure it could be (or will be) inflation, but it doesn’t matter while people keep trusting. Grin should focus on gaining TRUST and keeping that trust higher as possible. Grin doesn’t need MASS ADOPTION, Grin does need a SOLID foundation.
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I don’t agree with you. Trust grows with increasing popularity. If your coin is not needed by anyone and no one accepts it, it will not create trust. To accept the coin, you need a network effect, without it, services will not be created.
I’m glad to hear it. But how many of your colleagues did the same? Many have invested at least a month’s salary?
The biggest problem is that the team believes that in 10 years everything will be fine. But in 10 years, everything will be as bad as it is now. And in 20 years, it will be just awful, because nobody will need this old junk.
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Grin actually works fine (more or less) if one grin is worth .01usd. it’s for people who want anonymously to send money quickly. these people dont care what one grin is worth.
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But 1 grin is worth 1 grin!
I had to chuckle to myself reading this, especially knowing you’re Beamer^
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Who cares if Grin once had a 2x market cap vs Beam? Both projects are less than 1 year old.
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You are 100 percentage correct that Grin ignores the needs of it’s investors, because, it has no investors to be held accountable to. Unlike Beam, Grin is not a company project that sold a percentage of coins to ‘investors’.
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Why should the dev team have to put their own savings into buying Grin? Most of the devs work for nothing( there’s no dev fee collected), those paid are paid from donations. Why’s it any of yours/ or my business anyway? People should have the freedom to spend their money however they choose.
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Many people in this community are like uneducated sectarians who believe in the flat earth.
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@Alrom & @MerlinsBeard feel free to take the name calling elsewhere. Perhaps get a room / hug it out in the DMs?
I’d like to avoid moderating, but I’m not shy of modding if need be. 
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If the price GRIN is heading to $0.01, then why would anyone want to hold GRIN until it goes down to $0.01? In the meantime, anyone who invests in GRIN will lose 99% of their investment.
So I agree with OP. The adoption of GRIN cannot happen if people don’t actually ever own or hold GRIN. If the assumption is that if you hold GRIN, you will lose money, NO ONE WILL EVER HOLD GRIN! If you mine GRIN at a profit, you will dump the second you mine a block. Holding it is absolutely a losing proposition.
What will drive the value of GRIN higher? Adoption? If no one actually holds or wants to buy GRIN because holding it/buying it is a bad investment, then it will NEVER GAIN ADOPTION.
And all those people who argue that GRIN will go up in value…why would it? GRIN’s price is driven by supply and demand – basic economics. There is no demand for GRIN as evidenced by its falling prices. There’s obviously more sellers than buyers which is why the price keeps dropping and will continue to drop as long as people keep selling (mostly miners probably). Heavy inflation drives the price lower because there is more supply than demand. More supply + less demand = lower prices. Again, basic economics.
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I feel sorry for your big investment loss. I cannot imagine you made any money investing in GRIN. In fact, you should SELL YOUR GRIN NOW if it’s going to $0.01 as some people are speculating. You’re looking at a 99% loss on your investment if that were the case.
There are many loyal GRIN supporters who bought the coin even at $5-$10. They are looking at 99.9% investment loss. Imagine that’s how you treat your "early supporters’. By rewarding them with -99.9% investment ROI. Great way to drive adoption right?
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There will always be some measure of value for grin. You could even imagine that it’s at 1 cent. This value will act as a floor from which it will rise over time.
I’m sorry to say this, but everyone is an idiot to have bought grin at such high prices so early on. I mean come on, $10 with 100% monthly inflation?! That is ridiculous! But the reason why they did it is because of hype. Plain and simple. Hype and exchanges causing artificial prices are the two things to blame.
Now we stand at an over bought price or $1. Why do I say it’s over bought? Because Bitcoin was merely pennies at 1.5 years of its life and it had 1/12 the supply emission rate. We are not even a year out from grins launch and we have 12x more grin in supply than Bitcoin had at the same point in time of its life. I think this is a strong case for an over bought perspective.
But, we could make the counter argument that grin is in a market that is more than 12x as mature and overall more liquid and with more on ramps than Bitcoin had back in the day. But I say that isn’t as relevant as one might think. Grin still suffers from early developmental growing pains, just like Bitcoin had. Heck Bitcoin used HTTP before addresses were implemented; a development pain experienced by grin right now. It is the development and adoption efforts that ultimately lead to network participation which leads to market cap increase.
I am not giving financial advice. My position is merely to not participate in the market of grin at current prices. I will wait until we see sub 10¢ prices before considering it. Or, I will wait a significant amount of time where inflation rates give reason to a $1 unit price. This is my position for the time being. I will instead focus my efforts on contributing any other way I can towards the project.
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Simply wrong! The times are very different from early bitcoin days. Bitcoin was worth zero in its first year because nobody knew about it.
The problem is that Grin will be either too inflationary or too outdated. Both the first and the second make this project dead. But the team, unfortunately, does not understand or does not want to understand. The team has too little motivation to change something, because they do not risk much while getting paid regularly. And it takes courage to admit your mistake.
We should not forget about the fact that with the fall of the value of the coin, the security of the network also falls. What kind of security can the network provide by paying a couple of bucks a day? Who would want to use such an insecure network?
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Prove that it will become outdated in the near future.
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I got paid nothing. Neither did many other unpaid developers.
It takes courage to try a novel emission, among a sea of thousands of others that blindly subscribe to bitcoin’s “rewards must fall” mantra.
I firmly believe that eventually relying on fees only is the mistake.
I believe that a constant reward makes for a much fairer distribution in the long run, by making it much harder to obtain a large fraction of all coins.
One day of Grin is worth over 80000 bucks.
Besides, security depends on the ratio between marketcap and daily issuance in dollars, not the latter only. It is bitcoin that becomes more insecure with every halving, as the cost of an attack becomes a smaller and smaller fraction of the total value it is securing.
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How/why exactly does the market cap affect the security?
You are my favorite developer. Seriously.
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I absolutely agree, I’m not against experimentation. I myself was interested in watching. But if the model does not work, it needs to be changed and not to hope for a miracle.
In fact, there is no difference to pay miners 1 coin worth $ 10,000 or 10,000 coins worth $ 1. The final payment is determined not by the issue but by investors assessment of long-term prospects. The residual emission + Commission should be enough for 20-40 years of the life of the project(most likely it will simply become obsolete), if this is not enough, then the problem is in the poor prospects of the project itself. If there are no prospects, even endless emission will not save him.
About fair distribution. There is a concept of risk premium. The more risk you take(when the risk of project failure is high), the higher the reward should be. You can’t buy 1 AAPL share for $ 1 right now and that’s fair. No need to invent a wheel.
Many here said that the cost of coins does not matter, the network will work at 1 cent per coin. That’s only a few hundred bucks a day. The fact is that the fall in the value of the coin leads to a decrease in security.
As I said, the method of issue has no effect on security, manners only care about the amount of money they will receive.