And I have one more question. As far as I understand, the blockchain performance is about 20 transactions per second. If I’m wrong, I hope the developers will correct me. How with such performance does the team plan to create “money” when such performance is only enough to store value.
The plan is to add a 2nd layer for off-chain transactions, similar to Bitcoin’s lightning network. We don’t have plans for a billion users yet.
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Grin can be successful if you focus on the end user who needs your product the most. And these are primarily poor countries. These people are fleeing inflation. We need to think about the needs of these people. That’s how I see the path to success.
Time to scrap the experiment after one year, youre right.
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What signs are you waiting for?
- The BEAM value does not fall linearly like Grin(updating historical lows). This suggests that the market negatively assesses the strategy of GRIN. There are no long-term investors here.
- Binance exchange confirmed the advantage of BEAM for the end user.
you are on to something, catch you over at the beam forum!
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We are now below $1 - 99 cents right now!
That’s okay, market decides the price, we may see 0.5 or below, but it’s good chance to buy though.
BEAM’s value has still drastically fallen, it’s down circa -90% from it’s Feb highs. Overall it’s performance has shared a strong correlation with Grin’s- It just hasn’t yet made ATL’s in this latest run down. It’s actually been outperformed by Grin over the past month…
Hmmm, perhaps we should scrap this Beam dev fee experiment aswell?
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If you are sure the price will go down why not go to Bitforex and sell GRIN whit 10X margine trade (perpetual trade)? You will be rich
Thanks for the helpful information.
You’re welcome my friend.
Buy Hedera Hashgraph, it’s brand new technology, with many partnerships! lel
No but seriously. You unfortunately don’t seem to understand much about Bitcoin. It’s brilliant technology, and easily better than 4000 shitcoins, that are mostly scams. Only 3 coins added something to Bitcoin: Ethereum, Monero, Mimblewimble. All the rest ist shit. Litecoin is only something like a Bitcoin live testnet, but it will go away when Bitcoin is perfect.
If your argument contained any truth it would imply that coin holders had to shift their value constantly to newer coins, because old coins were outdated. Luckily this view is wrong. Bitcoin is not only the clever combination of much older technology (PoW), but also of clever theoretical solutions (Nacamoto consensus). But the third part is the most important: It is also the perfect implementation. This is why no coin will ever beat Bitcoin.
And this is also my only true concern in terms of Grin as an investment: What if in the end Mimblewimble is integrated into Bitcoin? It probably means that all coins will die, only Bitcoin will survive. Maybe slight chances for Monero (ultra strong privacy) and Ethereum (dApps). But they will never even come close to the market share of Bitcoin.
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Only one coin can beat Bitcoin, the one that will be used to buy goods and services. Grin may be the one. At least it is the one with the most potential and Mimblewimble will likely not be beaten as a protocol as something that combines scalability, privacy and simplicity / elegance.
Probably grin will fail / maybe grin will succeed.
But that is not to be forgotten when considering something that can carry more value than bitcoin
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They’re symbiotic.
I like Nic Carter’s observation that Grin is like email or instant messenger. It has a distinct purpose in the ecosystem. I’m so excited to see if Grin can innovate further to the point of rivaling Ethereum on its home turf.
Bought some at $3 a year ago, and going to DCA periodically.
What is you time horizon for making a profit, if that is your goal?