Don’t grandstand when money is on the line. Its bad enough if you were being mysteriousness for mystery sake for “fields” where its culturally acceptable; like religion or alternative medicine. But such things are not for the wolf of wallstreet types; if you want to claim to have an argument, say it.
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That’s quite the claim. Do you have an argument to support this?
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I would say that pretty much defines the price. As long as you don’t confuse supply with coins in existence.
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I believe he’s claiming its more complicated then just that; as in, prices are not solvable
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Unfortunately I am too lazy to give a proper explanation; it can’t be said with brevity and requires more effort than I have at my disposal. My source is this book, however: Debunking Economics - The Naked Emperor Dethroned?
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Can you repeat the “neoclassical” agrument for how prices work for me from memory?
I care for adversarial knowledge seeking and you dropping a book that talks shit about, “neoclassical” , economics in a world where “evolution is just a thoery” or the new “my religion accepts science” by skipping the agruments and instead doing a circle jerk about what evolution is. Well, I don’t actually think academic economics is hard enough to be on the up and up.
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US Dollar Purchasing Power in 100 years
- https://www.visualcapitalist.com/buying-power-us-dollar-century/
- https://www.visualcapitalist.com/6-factors-that-influence-exchange-rates/
- https://www.visualcapitalist.com/visualizing-miserable-countries-world/
- https://www.reddit.com/r/grincoin/comments/ahda8p/grin_price_is_unsustainable/
I will wait seven years in TIbet…
or a decade…
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The Grin coin has a very high inflation rate (one dollar is created every second, a day is 24x60x60 = 86400 Grin is created), so the price will not be able to increase and this is only the miners are profitable, those holders will not get anything if they don’t want to say more and more ??? Please explain to me why it may raise prices in the future ???
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Early charts and inflation info were made in a sandbox, Grin in the real world is scarce if adopted and used for things like payroll and rent payments. Average loss rate is 2 percent per year for digital assets. Grin is perfectly balanced for longer timelines than previously imagined. 60 per min will feel like a world race. At some point 60 grin per min will equal the loss rate.
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I observed on the coinmarketcap and found that Grin’s market capitalization increased with every day but the price of one Grin coin did not increase, this was due to Grin’s high inflation rate. So only the miners will get a profit and those who invest in Grin will not be profitable.
Vào Th 7, 9 thg 2, 2019 vào lúc 20:37 Grin1 via Grin grin@discoursemail.com đã viết:
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PhamKy Miners will be turned into hodlers and investors turned into spenders and replacers. Also, if what you are saying is true then traders will value GRIN as an alternative to stable coins. Plenty of ways for traders to make profits if you know how to hedge with GRIN. Good traders prep for things to go in either direction. The price of GRIN could spike faster + harder than anything possible before if there are issues found with BTC or the ecosystem (dusting attacks for instance).
Grin may be found in the future to have 2 super-states:
Stable & Ecstatic
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TLDR; BEAM currently has a higher supply inflation rate than grin… lol! And will until 2020. Maybe why the price is so much lower.
Don’t know why I didn’t think to compare earlier, but grin supply doesn’t reach BEAM’s max cap of 260,000,000 until 2027! For 8 years grin will have a smaller supply than beam will eventually have.
2027 - beam will have released 80% of their coins, or 210,240,000 beam
2027 - grin will have released 260,000,000 grin
So ~80% similar after 8 years. They are banking on bitcoins almost entirely unknown usecase as a store of value to make people like it more than grin for almost a decade. The premise is that after 8 years beam will be more scarce than grin, so it might be a better store of value today due to its eventual scarcity in a decade, but until then it is barely scarcer than grin… and there are so many more important aspects that will affect whether either coin will even exist in ten years (related to trust and transparency and community, etc).
The first year grin emits 31,536,000 coins, beam releases 52,560,000 the first year. That’s 40% more than grin!
After that and until 2023 yearly emission for beam is 26,280,000. Compared to grin’s 31,536,000… That’s a difference of ~17% only. Then the next four years Beam emits 13,140,000 coins a years while grin emits 31,536,000, so grin emits 58% more… but at the end of the next four years, as I wrote above, it’s only a 20% difference between the two.
So unless you have 100% certainty that Beam will be around in 8+ years, the current supply and for almost a decade is not very competitive with grin. Of course their dev tax should give them 5 years of solid upgrades and development, so that may give them the edge to make it through the period where their supply doesn’t much set them apart.
Banking on being around in 10 years is a big bet though, and a heavy prediction that, to me personally, is incredibly risky.
I also think it’s worth noting they released their emission schedule announcement less than one week
before they launched their mainnet, which seems like an even more problematic fact than the emission schedule itself. A horrible example of lack of transparency.
They were first to an official death/stoppage of the network though! First-stopper advantage.
It’s good to have multiple implementations, and I do not have anything particularly against Beam, I just think their development and UI is their only real competitive advantage over grin, and think the trade-off for centralization may cancel that out.
Source: beams emission rate doc https://docs.google.com/spreadsheets/d/1vixXEPgmbS7C3BzJ10OVHPBJr_z2KpWf9G77ujNl5eQ/htmlview#
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I’m talking about investors (not about traders), investors want to get profit after a period of 5 years, for example. Obviously during this time Grin’s price will not increase to gain profit (due to grin’s high inflation during this time, if One want to gain profits, One should only invest after 20 years). At the moment I am looking into the Grin coin to consider whether to invest or not. I observed that in the last few weeks, the price of grin did not increase (hovering around $ 5) while all markets rose sharply, and I was afraid that the situation would continue for another 5 years (cause like me said). So, in this time, I have not bought the Grin coin yet, maybe I have to wait 20 years to invest in Grin coin ???
Vào Th 5, 14 thg 2, 2019 vào lúc 22:38 Grin1 via Grin grin@discoursemail.com đã viết:
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I’m talking about investors (not about traders), investors want to get profit after a period of 5 years, for example. Obviously during this time Grin’s price will not increase to gain profit (due to grin’s high inflation during this time, if One want to gain profits, One should only invest after 20 years). At the moment I am looking into the Grin coin to consider whether to invest or not. I observed that in the last few weeks, the price of grin did not increase (hovering around $ 5) while all markets rose sharply, and I was afraid that the situation would continue for another 5 years (cause like me said). So, in this time, I have not bought the Grin coin yet, maybe I have to wait 20 years to invest in Grin coin ???
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Couldn’t have said it better myself. If there’s something we’ve learned from Bitcoin it is to not invest before the first halving, because it obviously can’t increase in price due to the high inflation.
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@MerlinsBeard are you joking? Bitcoin was rising in price most quickly before its first halving.
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" If there’s something we’ve learned from Bitcoin it is to not invest before the first halving,"
I invested long before the first halving. at $2. doubt you have learned anything 
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You’ve been tricked. No one knew that Grin’s popularity would be so great. There is not enough Grin now or in the future to go around (less than 10 per person worldwide 2040). The emmission rate is perfectly balanced to just cover the loss rate of digital assets. Nothing stopping Grin from going up in price other than the miners are selling too cheap at the moment. The use cases for Grin far out weight anything out there and wallets are just going online today and will illustrate this.
Investor sitting on the sidelines are just missing out on the rise up the charts.
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Not joking, but refuting his point with intense sarcasm.
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Why is there 7 new posts on this fairly desided issue?
I don’t like it either, but this should be written off as a minor issue so you don’t spilt the community a hundred times.
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