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.
Can someone please redpill me on this coin?
Hudson Morgan
David Jones
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.
James Williams
Is a lot, monero tail emission is way more conservative Beam
Kayden Gomez
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.
Brayden Cooper
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.
Jonathan Williams
Grin will finish what Bitcoin started.
Justin Collins
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
Bentley Powell
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.
Landon Parker
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.
Landon Ortiz
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.