You all are missing the point. It’s not grin. It’s bitcoin. As I said yesterday, the same people pumping bitcoin were buying nothing but puts yesterday. You could see it on the options data, as I posted. That’s a pump and dump. The big money had their puts as a hedge and wanted small money to buy in and lower the guillotine, as I said yesterday. A person shouldn’t even dare trading if they don’t know to look at options data. Bitcoin is spiraling to zero. I think Grin or some privacy coin will emerge to replace bitcoin. Something similar will replace ethereum. Both are brilliant, flawed and doomed to die. I actually think Grin might make it, which is why I’ve been here the whole time…
I don’t know if BTC is participating. You seem them shorts? Screw knife, I’m thinking guillotine.
Well, when I typed about a bitcoin guillotine, I originally meant tomorrow - as we see today. And there was obviously some hyperbole in there, as obviously bitcoin’s value is not likely to be zero literally. But I also had the implication that when you see such an obvious pump with shorts in place, that’s becoming a pretty blatant, brutal attempt to kill a market and defraud its last participants. It’s like a snake thrashing about in dying manipulation - that’s what bitcoin is now. I don’t have a time table, but when they do this thing they’ve been doing of pumping and shorting bitcoin, and, for a change, no one responds, i.e. the price doesn’t rise, then the floor will really give out. I don’t know when that is, as, quite frankly, I’m surprised, like yesterday, that people can fall for this blatant bitcoin crap twenty times over. I wouldn’t think people could be that stupid, but apparently, they can. Possibly, by the end of 2020 at the latest? Totally a guess.
I think that’s a little harsh. In Brave’s defence, the project started off with Bitcoin, but supposedly had to look elsewhere due to rising fees. This isn’t a unique story. It’s an enormous shame that crypto has splintered in the way that it has, but it doesn’t mean that we should ignore the causes.
As for Gab, it’s going to be fairly straightforward to fork Brave browser, but it will be less straightforward to (1) implement BTC LN for micropayments, and (2) keep up with Brave’s browser innovations. If they can do this then I’m sure there will be significant demand for the gab browser. It would also probably be a sign that projects like Brave are not sustainable if they choose to pursue their own tokens. But all of this is still to be seen.
I like what Brave have been doing. In my opinion, the best approach is not to fork Brave, but rather to build good browser extension wallets and other plugins that give the same tipping functionality etc to your cryptocurrency of choice. That way anybody is free to run whatever software they like and use whatever crypto they like. You’re also not forcing everyone to use a specific browser. This is the most “cypherpunk” sounding solution to my ears.
Price’s are a discussion between “bulls” and “bears”; when one of them win they suddenly swap role and a new competitor appears instantly.
Currently the “bull” has been “woot, mw so hot right now, all is great all the time; beam can 4x in 2 weeks sure fam, grin can come to” the bear has been “beam is shit coin, grin shouldn’t be going with get back here”
When beam collapses, A new bear should appear, if thats more “thats allot of inflation, lets keep going down” or “this has been enough inflation but lets be stable for a while” is hard to say.
No reason to comment until the new price is set but it will at least be the old paradigm
The GRINOIRE is almost ready, a 1200+ page cypherpunk anthology coffee-table book printed on gold embossed bible paper (?!), sold exclusively at TMGOX. Roughly 20 copies left, get your collectible and support Grin development. ツ
