Should make it easier to climb up coinmarketcap 
Grin will be top 10 for sure I have no doubt.
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I literally said a methodology I would respect yesterday
Do you mean this?
"Roughly speaking, someone who doesn’t understand my position for “LN + GRIN is amazing in 7 years” need to make a price point in the far future, then a model that does 1-(chance_end_user loses wallet * chance_end_user_gets_money_stolen * chance_different_mw_coin_wins * risk_and_time_preference… etc) then exponent it at least to the 5th power and then muliply
That is not going to be a pretty number, 20% to the 5th is 0.00032"
Holy cow, price level is impressive right now. I’m suprised. You guys think it’s a steam bubble?
-GRIN is far superior to Monero
I’m a Monero fan and I have to agree that GRIN is impressive. However, Monero is still the second best coin after Bitcoin. It is very decentralized thanks to it’s mining algo (similiar to GRIN) and its transaction handling is clearly simpler and superior to that of GRIN (because it’s non-interactive for the parties). I think Monero will very well continue as a store of value: Lock up a Ledger or Trezor in a bank safe and deposit coins to the account from far away. For me, that is a very important use case. This will never be possible with GRIN, because the hardware wallet needed to be online. This one difference is a very fundamental difference. For this reason, I don’t think Monero and GRIN are direct competitors.
However, Monero cannot scale as well as GRIN. I really hope that GRIN will not directly canibalize Monero. Monero is such a great coin that it deserves to survive.
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@ghatazu
My biggest issue with Monero as a long-term coin is the fact that it was clearly compromised in the early days. The authors of Bytecoin (later renamed Bitmonero then Monero) were anonymous scammers who disappeared with an unknown number of coins. In the “modern era,” Monero patched a bug which allowed unlimited secret minting of coins, and it’s debatable whether that bug was intentionally planted or not. It is impossible to know the true amount of Monero in circulation. I would be happy if they took the current codebase and just hit the reset button on the blockchain with a new Genesis block, but that’s never gonna happen. Since Monero’s “tail emission” does not have an asymptotic cap, eventually any ill-gotten coins will be a small percentage of the total, but still…
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Monero was already @ $500 per coin and there were no significant sell walls. I doubt there are unknown scam wallets around. Still better than Bitcoin, where we know that Satoshi’s wallet(s) actually exist, and no one knows what could ultimately happen some day.
For the actual privacy, I understood that Monero uses the same pedersen commitments as GRIN. Not so different. It’s the nature of privacy coins that amounts cannot be verified directly, but indirectly. I have no problem with that.
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There’re tons of Grin/privacy competitors, and Grin’s sending and receiving issues are a real block to adoption. Grin’s very good, but not +30-40% good. This is a Steem bubble I think. You have a shot at that significant prize if you trade, and with all the buying to get that prize, you should easily come out even or above. I’m actually surprised this lasted today still. I sold everything at 6 for that reason.
we detected Grin at pos. 82 on CoinGecko
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Still climbing, now #81! That happened quickly. I didn’t expect Grin to hit top 100 nearly so soon.
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aye
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Speaking of “shitposting” … what you’ve represented here is a probability of sorts but not a valuation prediction; – very roughly, what you’ve set out is the complement of the product of the probabilities of the least desirable outcomes which would, in fact, be the probability of avoiding all of the worst possible outcomes — the product of the probability P(A) * P(B) means the prob. of both A AND B happening etc. and so 1 – [P(A) * P(B)] means the probability of all other outcomes bar the the prob. of both A AND B happening etc. So in fact, what you have set out would (probably) be a number quite close to 1 and therefore, quite a high probability, with 1 being the probability of an outcome that is certain. Furthermore, to calculate an expected value for the price of Grin or whatever asset, in general, you need to sum (or integrate if assume a continuous distribution) the product of each possible value outcome by its probability. Taking a probability value like 20% (which is not a likely value for your model, as noted above) and raising it to some arbitrary power tells you nothing about the potential value of Grin (or whatever asset). Otherwise, your analysis is perfectly reasonable
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Well, I didn’t see that coming - good thing I have this week’s mining left. I guess we’re going to seven!
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Lol monkyyy fuming and buying right now because he thought he was going to get in at twenty cents lolol
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It’s futile trying to pick any top right now. There’s too much fomo. It’s amplified by Beam’s rise at the same time, so it becomes a MimbleWimble thing, not just a Grin thing. Short term top could be anywhere from current price to 2-3x.
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Agreed. This is why I was asking about how people are valuing it… I think it’s as arbitrary as folks going $100m market cap. is a nice round number which could imply another 20% uplift from here. Either way, if you only have a few grand’s worth, you might as well hodl for the longer term imo…
?
Why would you think I’m buying right now, I’ve never been less inclined to buy.
If we’re targeting same like XMR or ZEC, buy these dips until other big exchanges involve GRIN
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… Even if it were to dump 85% right now it’d be close to $1
I’m convinced monkyyy will never buy.
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“I say when I buy, those assholes at bitforex are running a pump and dump for beam and I’m going to wait and wait and wait till beam bleeds”
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