Questioning Core Assumptions on Our Emissions Model

Market
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Nick Szabo on fixed supply (emphasis is mine)

I think a wide variety of supply algos would have worked, as long as they are predictable. Bitcoin’s works well because it is simple enough for a large number of users to understand.
Security/trust min is responsible for more of the value, as I assess it.

Also, happy to see that he has understood the concept of money :slightly_smiling_face:

It also helped me, when designing bit gold, that I studied the actual archeology and ethnography of the origins of money, and knew that money or something very much like it rose millenia before the dawn of spot commodity markets and widely respected property rights.

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You can’t ask any individual or group for more grins than currently are programmed to exist. You CAN go to the fed (if you are a bank) and ask for US dollars that don’t exist yet.

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Well, technically you don’t even need to ask the Fed, because of the money multiplier ratio. :slight_smile:

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How many people are bank? Do you resort to a scarecrow to defend their system? lol

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The most manipulative people seem to be. And the richest.

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This article is really on topic pretty much on the economics of Grin:

  1. one thesis is Grin will become a store of value & without that happening won’t fulfill it’s medium of exchange goal

  2. second is expectations matter a lot in early stages to help launch and generate demand

  3. another is lots of speculative demand will come up around launch & early years of development

Also what is money - really interesting read in the spirit of Szabo :slight_smile:

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48

It is. Sure it is.
It’s only tends to infinite. It’s finite in any definitive time.
There are infinite units at the infinitely distant future only.

Ofc, an exponentially increasing currency could use the same argument.
It seems that you are seeing things that way.

But as other have said, they differ on their inflation ratio over time. The ratio.
Grin’s inflation percentage tends to flat round zero as time goes by.

Or if the world’s dollar “inflated” by 1 cent of a dollar per century, would that be a “omg much inflation” situation in your opinion? Grin will eventually reach that point, and we can safely consider it to be ZERO inflation. cmon.

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49

My opinion is that spendibility and store of value are two opposite concepts in currency and thus, in cryptocurrency. I consider that the spendibility of a cryptocurrency is directly related to its velocity which is the average number of times the coin will change hands. If the coin aims to be used on day-to-day basis for all purchases so it will have a high velocity. However, the value of a cryptocurrency is inversely related to the frequency with which it trades. As a result I would say that if the goal is to attract potential adopters who look for a store of value, the spendibility is less important than the emission rate. Focusing on a small-inflationary or deflationary emission rate model will be the key to work on.

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https://pbs.twimg.com/media/CNMVDjgUEAAWFsV?format=jpg&name=900x900

It’s how many days until launch? The devs were unmoved months ago. They are wrong but it’s best to go with it.

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The truth may be the inflation is not enough to make grin cash-like in the long run, and grin will fall into the same conundrum as bitcoin.

Thank god for http://woke.mw !!!

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