Can someone please redpill me on this coin?

there are 31622400 seconds in a year, lets say there are already 31622400 grins in existance. this year inflation will be a 100%, in 9 years inflation will only be 10%. it's actually pretty fair as the amounts of millionaires bitcoin made is just not very moral.

And?
100% inflation by the end of year 2.
20% inflation by year 5.
1% inflation by year 10.
And it'll keep dropping year by year.

It's a non issue in the long term unless you're one of the brainlets who think a fixed supply for a currency is ever a good thing.

Is a lot, monero tail emission is way more conservative Beam

Two years, lol. Where do you think GRIN will be at in two years if (((they))) decide to keep BTC at 3k/2k/1k/etc.

It's a disinflationary payment protocol with a set block reward of 1 grin/second until the end of time. Has mimblewimble implementation which could potentially revolutionise privacy coins as with GRIN there are no set addresses just inputs and outputs on a block. It has a ton of support from both miners and from groundroots devs who are all working without ICO/dev tax funds, and has almost instant transaction settlement times while all being done privately, which potentially means it could become a payment protocol of the future as it seems more and more obvious that coins like BTC are trending towards being stores of value rather than currency coins.

for Jow Forums pajeets, it's going to dump early due to the hyperinflation of the coin just like any other newly released coin that isn't some random ICO so don't be surprised if the price dips under $1. But with the sheer amount of support it's getting early on I wouldn't be shocked if this is one of the big gainers in the next bull market and I also wouldn't be shocked if it is only of the few alts that outperforms Bitcoin itself once the initial market FOMO dies off and you can buy in at the bottom in 6 months time.

Grin will finish what Bitcoin started.

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That's Beam which is 100% a shitcoin. Already had a critical failure because they rushed their protocol out to be the first movers on mimblewimble but no one cares kek

I’m paying attention to it mainly because its development has so many parallels with bitcoin in its infancy. Just a hardcore group of nerds, working on the code for free, free debate and obsession with implementing novel ideas, no actual person is the CEO or founder, satoshi-esque anonymous pioneer, unfriendly for novices, lack of greedy intent, etc. It really highlights the fact that 99% alts are cash grabs and scams and grin isn’t. There’s no benefit to being an early adopter and that’s why I think it’ll work out in the end.

Anyways yeah. I wouldn’t invest in it now, but this is a good project. Compare it to bagholders of shitcoins like Stellar or EOS getting their stacks from a premine or founder rewards. The reasons why other alts exist is to pump and dump. Can’t wait until everything is purged and only ones left standing are btc, eth, xmr, and grin.

Uncapped supply but diminishing coin generation, similar to Eth. Looks fun.

Listen to this week's episode of Crypto Weekly podcast, one of the bongs is mining it and they discuss it.

What’s wrong with Beam? The 20% tax? If that’s so bad what does that make coins like XRP or chainlink?

20% tax ya, that's insanely high. Never invested in either one of those so you'd have to ask someone else.

basically this coin is for gpu miners to mine and dump for the next two years

Damn user, dropped the redpill. Of course no one will listen because Jow Forums is retarded. Stop spreading the truth, I want to make money too

and asics

>1 Grin/S, 31.5M Grin/Year - supply would surpass bitcoin's total supply just after 1 year , and would be 350M around 2030

kek BTC maximalists in charge of economic policies

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>Beam

it wants to be the new Zcash, a highly successful corporate scamcoin

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>feels like early bitcoin days
>I'm getting antshares vibes
weee everyone was waiting for a new PoW coin dominated by chinese miners and worse privacy than existing privacy coins. yikes

>Now, we have used Dr. Maxwell's Confidential Transactions to create a noninteractive
version of Dr. Maxwell's CoinJoin, but we have not seen the last of marvelous Dr. Maxwell!
We need another idea, transaction cut-through

KEK please guy read the MW whitepaper, it was obviously created by that greasy neckbeard Greg Maxwell, the man that single handedly crippled Bitcoin

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Fuck inflationary coins.

Stupid.

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the fact you retards are fudding it non-stop makes me want to buy

remember kids, always do the opposite of what Jow Forums says

>the amounts of millionaires bitcoin made is just not very moral.
The fuck

Jow Forumsjeets don't even deserve to get into Grin

bitcoin maximalists, late adopters mentality that hijacked the entire project from 2013-2014 onwards, they are bitter as fuck they missed the boat and proceeded the sabotage the economic aspects of bitcoin, slowly infiltrating the social scene and giving vocal support to economic retards in the core team

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great coin you won't make money from holding

Why the fuck somebody will hold this shit? It's more inflationary than fiat.

>Hey I can't seem to make the payment, are you sure you're online?

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legit fud

>It's more inflationary than fiat.
that's also true for bitcoin

>only ones left standing are btc, eth, xmr, and grin

*ahem*

LINK.

you forgot LINK.

You can exchange transactions with anyone off-line. You both have to have machines either simultaneously online or have offline machines that can still communicate with one another via QR codes. After that, one of the machines directly (or via proxy) communicates the signed transaction with the rest of the world and it gets into a block. Nobody knows who sent money to whom. Nobody knows it was the two of you who exchanged the transaction, unless you broadcast it to the world using your own IP address. It should be very easy to make Point-of-sale devices based on old cell phones, and to make android wallets for use in stores. The blockchain doesn't need to keep old transactions, only their kernel (afaik, the signature). Pruned nodes need to keep even less info, so it should scale very well, unlike Monero, which still needs to keep some portion of the blockchain in pruned mode so you can pick random transactions to mix yours with.

Now back to Grin: Davinci 15 (the youtube bitcoin prophet) and Theymos (the r/bitcoin censorship artist) both endorse it. It's very hard to mine. People put millions into mining hardware just waiting for mainnet release.

Yeah, in the short term. No one should look at mined coins until they have like 50%+ of their total supply mined. The first few years is just miners dumping because inflation is so high.

what about scalability? what's the size of the outputs? fucking spoonfeed me i'm too lazy to google I got 5 new trap videos downloaded and gotta chekc em out first, be back after i've nutted I sure hope an answer by then

Grin is the next Litecoin
Greg Maxwell was pre-mining Litecoin together with Charlie
Now LTC is dead
Grin is the new LTC, a shitcoin, an altcoin, where the initial supply, the first 1 year is basically pre-mined by Greg and his friends

To mine the coin right now, not even a week after its launch, requires a specific set of GPUs, they have this "2 functions of PoW, cuckatoo and cuckaroo", with more shit thrown in - that only the designers, Greg and friends, know how to optimize mining - their GPU farms and ASCIS, to get the most of the coin the first year when more than 99% of its total supply for next 100 years will be mined

They will be dumping this shitload the same way an elephant dumps a huge turd - fast and hard, the same way those same guys were mining bitcoin silently on their laptops in 2009, and mined 2 million - a group of less than 100 people...

Thanks but not thanks

I've never seen before that much bullshit in just one post. Congratulatons.

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he is 100% right you moron

>being that low I.Q.
There's no halving like LTC or the other currencies. So, no reward for being an early miner or investor, stupid imbecile brainlet.

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right, its even worse than LTC because the normies wont reap any rewards for decades because of the retarded inflation rate

It's made to be a true currency, not a get-rich-fast scheme.

Early miners sell at a high price (with a high profit), in october when the ASICs take over, the party is over.

Where do I buy? Is it worth mining on a gaming pc with 1070 gtx?

you are going to get immediately justed if you buy this now

Mumblewumble does not matter. It would be cool if this could get ported over to Monero, but all that matters for privacy coins is the hashrate.
You need to know someone cannot 51% the network.
So by design, the highest hash rates are the most expensive privacy coins.

Dont buy, put your 1070 to work, around 1 grin/48hs