Good price.
Time to buy?
Interesting points. If it doesn’t succeed as cash, it can probably do that as an alternative to gold investment because it has quite a few properties that are unique e.g. easy to transfer, math defined emission, actual ownership without taking space in real life and math protection. These alone can’t be found in other assets afaik
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Nice article. It articulates quite well some of the issues I have with Bitcoin, basically its imperfections that make it not so successfull as an alterantive to fiat money.
@oryhp, that is what I expect. Bitcoin will become one of the main stores ofvalue in the world, probably bigger than gold in 10 years. Bitcoin might very well be used to settle savings transactions etc. but I doubt it will be the cash of future. I hope Grin can fill this gap since it is far more suitable and balanced in its properties than Bitcoin is currently. Even when Bitcoin implements Schnorr signatures, it will still be more suitable as store of value than as actual cash due to the lack of liquidity and the high volatility. My expectation is that Grin will become more stable in price than Bitcoin at some point, among others due to its linear emision rate.
How do Schnorr sigs affect anything? (besides faster computation and potentially enabling slight privacy gains).
Schnorr signatures could improve privacy and scaling of Bitcoin, so it could give Bitcoin some more favoravle atributes. However, this would not solve other issues such as low liquidity, high price fluctuation, high transaction fees and deflation with Bitcoin. So in other words, Grin would still be better as daily cash than Bitcoin even if all Grins technology would be implemented in Bitcoin eventually. Hence I see Bitcoin as the ultimate store of value among cryptocurencies and Grin as a very promising alternative or supplement to fiat mone/cash in real life.
Its linear emission is therefore one of the most important Grin attributes since it makes grin more future proof (secure) and more price stable eventually. Or at least, that is my expectation.
The privacy and scalability gained from Schnorr sigs are very minor. It doesn’t compete with Grin.
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Do you think Grin could solve any of those problems listed in the article?
Solve? No.
It can somewhat alleviate “The Value Problem” as a linearly growing supply should provide more price stability.
It doesn’t alleviate the problem pointed out in “The Liquidity Problem”.
I do not think Bitcoin poses any credible challenge to fiat money.
It has some niche use as an easily transferable speculative asset, but faces serious problems growing beyond that, including the lack of privacy (in particular amounts, as exposing your bitcoin wealth attracts criminals), the major headaches of safeguarding your keys (not your keys, not your bitcoin), headaches of on-, and off-ramps, limited tx capacity and resulting huge fees, concentration of wealth among early adopters.
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Is the tx capacity and fees problem not partly solved with L2 systems? (Assuming they turn out to be viable)
Yes, L2 gives you maybe two orders of magnitude increase in tx capacity and number of users that can be supported. But huge L1 fees also cause friction on L2 usage. To justify $50 open and close fees on a channel, you’d have to put thousands of dollars of value in it.
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As Grin emission rate is linear and will make its price stable over time, when do you think Grin will be considered as an alternative stablecoin?
It will never stabilize. Grin is not a stablecoin. The fiat value of Grin will always fluctuate.
The emission merely makes these fluctuations a little less wild than they would be with a vanishing block reward.
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GRIN is 1 sec. GRIN stabelcoin in time not in money. Only stabil timecoin. And stabil inflation. Like
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if every fiat would start to be unstable, would that change anything? if all central banks woulg go all in unprivate digital cash, would that make a case for Grin?
All fiat is unstable. 1 USD = 1 USD, but that doesnt make it stable. Purchasing power changes all the time.
December 9, 2020
$GRIN Emission
59,623,500
Block 993725
695 days
60,048,000 seconds
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Money Supply
December 2020
GRIN
60 M
October 2020
IDR
6,748,600,000 M
GRIN/IDR = 1/112,476,666
USD
18,812,100 M
GRIN/USD = 1/313,535
I have a strange idea, what if the supply of grin in the explorer or other price information center is compared to the m2 supply of currencies in many countries in the world? It Can be updated every month as a provocative indicator 
So information is not just a comparison of GRIN prices in USD or EUR or IDR and so on.
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I have a strange idea, what if the supply of grin in the explorer or other price information center is compared to the m2 supply of currencies in many countries in the world?
It’s a great idea. A website can be designed that constantly displays Grin’s total supply against usd, euro, gold and silver. It can also show money inflation rates. In this way, people can better understand how inflation is falling fairly.
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I think I have an explanation for the emission at the everyday level. If take Grin like a “timecoin”. And why in the end it will be successful.
“When a child is born and lives 1 day, then his life is equal to this day and therefore the day seems to him as large as life. And when a person is 100 years old, that day is very short, because he had a lot of days in these 100 years.”
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