Buying land is never a bad idea. But land is not useful as an everyday means of exchange.
Yes, it’s unique to grin. In the cryptocurrency competition, it must not be similar to other cryptocurrencies, and the ones that can beat Bitcoin must be different.
as a result, Grin’s monetary policy should never change.
是的,这是grin的独特优势。在加密货币竞争中,一定不要跟别的加密货币相似,能胜过比特币的一定是不同的。
Now the Bitcoin narrative does not want to replace the dollar or the euro, but the reserve asset - gold.
I would say that is the new narrative for Bitcoin. As you can read in the Whitepaper, it started out as
"Bitcoin: A Peer-to-Peer Electronic Cash System",
Although they also argue the proof of work is similar to gold mining it appears not to have been its main objective:
“The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation”
Arguably Bitcoin failed to become the digital cash its creators intended it to be and instead became another asset class [See this post]. Also note that what they describe “the steady addition of a constant amount of new coins is analogous to gold” actually fits the constant block reward of Grin and not Bitcoins decreasing block reward. It is little things like these discrepancies that reveal there were multiple minds involved in creating Bitcoin as a whole.
It is always humbling to look at the long history of digital-cash systems, Bitcoin and grin are just steps in the continuous process of exploration and improvement:
A Peer-to-Peer Electronic Cash System,bitcoin failed,
Medium of commodity exchange,grin failed too.
If a cryptocurrency want to replace the dollar or the euro, the issuance curve is the expansion of the money supply as the number of users grows or the economy grows. However, Bitcoin is issued at a reduced rate, and Grin Coin is issued at a uniform rate, which cannot meet the needs of Dollar or The Euro. Bitcoin and GRIN, both essentially the same store of value.
If a cryptocurrency expands its money supply as users grow or the economy grows, it requires a centralized institution to regulate the issuance of money, which in turn contradicts a decentralized source of value for cryptocurrencies, which is a paradox.
The value rises, and the more bitcoin users there are; The value decreases and Grin Coin users are lost.it is two sides of a coin,This is the result of two cryptocurrency experiments。Gold has been produced for thousands of years,From a supply perspective, Gin Coin is more like gold than Bitcoin.
Eventually, grin coin became an asset class too,Otherwise, Because of the network effect of money,the value of grin is zero.
In addition to the software technical advantages (I don’t understand this), there is no need to rely on tranfer fee for the long-term security, and the intergenerational fairness of currency issuance, Grin Coin is unique and has advantages.
如果一种加密货币真正像want to replace the dollar or the euro,发行曲线是随着用户增大或经济增长而扩大货币供应。但比特币是减少发行,古灵币是匀速发行,都不能满足 dollar or the euro需求。bitcoin和grin本质都是一样的价值储存,
如果加密货币随着用户增大或经济增长而扩大货币供应,就需要中心化的机构调节货币发行,这又与去中心的加密货币价值来源矛盾,这就是一个悖论。
价值上升,bitcoin越多越多用户;价值下降,grin coin用户流失一个硬币的双面,双种货币实验的结果.
因为货币网络效应古灵币本质就如同比特币一样,要么也成为一种资产,要么价值归零。
除了技术上的优势(这个我不懂),不需要依靠手续费的长期安全,货币发行的代际公平,古灵币还是有很多优点。