I’ve been pretty critical of Grin nowadays. In the time of this criticism, some may have thought that I was waging war against Grin. However, it wasn’t like that.
Although not all of you have very high knowledge, there is something that you defend everytime. Fairness and privacy. The fact that there are defenders even when Grin’s marketcap drops to $4 million actually gives a very good clue. There will be advocates of privacy and justice in all circumstances.
It seems to me that Igno devised a game theory where everyone would stay in the long-term system, rather than the team or early investors who quickly swelled and got rich. With Grin’s unlimited supply and high inflation, price movements will always be slower. At the same time, the price ranges will be narrow. This may be exactly what they want.
By this time, the price of most of the valuable cryptocurrencies has inflated very quickly. Initial traders made more than 100x. There is not logical reason to stay in the project if you make a lot of money. Therefore, adaptation may have to decline over time in these projects. For example, Ethereum is a very valuable technology, but it has changed its monetary policy many times until now. There may be a possibility of exclusion due to this in the future. Monero gave its supply in earnest in its first year. Then it changed its policy and added tail emission. Again, this may cause problems. According to game theory, there should be a system where everyone have benefit but other projects are more concerned with protecting the first investors and they are changing the rules game theory by changing policy. This disqualifies certain people according to game theory. For this reason, the rapid increase in the price and the value of the project are very suitable for the people who have formed from wealth to saturation to leave the project. Those who will enter the system later cannot keep the price higher, as they are not fair according to the game theory.
So if you create something fair and unchangeable where people won’t get rich very quickly and not too much, you will keep people in the project longer than others.
Now start thinking like this. The voice of the people here is still very loud because they support fairness and privacy. So, how will the voices of the people here be when Grin reaches a certain marketcap? It will rise more. Also, many more will be added to these people. These features make a huge premium with a particular marketcap. Imagine that Grin hits the $1. Self confidence will increase even more, new people will be added to Grin side and the sound will get louder. Think Grin is $2, sound will be more. $3, will be more, more and more. However, there is a situation. Nobody is still as rich as those in Bitcoin, Monero or Ethereum. Then people in the system are going to be here for a lot longer with a loud voice.
So, to secure your assets for a longer period of time, it may be a smart option to stay on a fair, confidential, and long term option. Otherwise, you can go on a journey with a balloon that inflates quickly but is uncertain on which day it will burst.
Also, the absence of the first developers is purely public money. There is no dominant voice. The one who has a project comes and gets funding and works. He leaves later. Maybe, no more is needed.
Finally, until now, micro payments have always been on my mind. Grin is quite far from micro payments. As a matter of fact, all cryptocurrencies are far from it. The fact that some of them are fast is not enough to make micropayments advantageous. For micro payment, stable price is required. We cannot use cryptocurrencies for micro payments, as this is not currently the case with cryptocurrencies. However, a cryptocurrency with more stable price movements due to inflation and unlimited supply is very suitable for macro payments if it has a privacy feature. So it’s more likely that Grin is something you can use to make macro payments and protect your long-term money from censorship. In the long run, it is likely to keep you up side because of the deflationary.
