and bought grin
good move?
I just sold all my KCS
Jonathan Sullivan
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Jace Long
Idiot look at the total supply 5-8 years out and what the market cap would be. If I can remember correct the market cap will have to be over 220 billion for
It to be above a dollar in 8 years from now. Also Mimblewimble doesn’t solve the Tx per second scaling issue. I wouldn’t pay more than 10 cents for it.
Adrian Martin
Dude, the inflation.
Ian Sanders
You are retarded and can't do elementary math. There will be 252 million grin eight years after inception.
It's a flat 1 grin/sec forever.
Samuel Campbell
yeah yeah
i hear what you are saying
but at some point the miners will dump then daily emissions so the price is low enough
and then there will be a tipping point
between how many coins are in existence and how many coins are being created each day
and i think we hit that tipping point:
the GRIN market cap is 20 million right now...
two million GRIN are mined each month...
current price is $3.30 or whatever...
which means the market cap needs to expand by $6 million per month...
I DON'T THINK THAT IS VERY UNREASONABLE!
especially after my KCS pumped from 30 million market cap to 150 million in a matter of 30 days jesus fucking christ i think Grin can overcome its emmissions at this point it's a god damn steal.
Daniel Ortiz
also, one GRIN per second is simply not that much for the market to absorb.
Ian Robinson
Buying GRIN at these prices is a steal but there are probably hundreds of alts that you could buy now which would be a steal with a much lower inflation.
Blake Price
i hear you.
you know, it's hard to find alts that are any good.
everything is just derivative of ETH.
GRIN just strikes me as the coin that has something ~new~ that might actually take off.
Benjamin Williams
also, one more thing:
look at the price curve of GRIN on coinmarketcap or wherever.
the early drop during the first couple weeks makes perfect sense.
but then it really flattens out. i mean, it REALLY flattens out.
think about that. no one person or single miner has enough GRIN to crater the price.
at this current point, it is relatively stable. especially compared to coins that have foundations or premines or whales who bought in during an ICO.
i mean, i don't disagree with you that the price may continue to drop due to emissions.
but the math you are all doing: the idea that we can extrapolate some insane future price based on the current price multiplied by emissions over a given period. . . there is something that you are doing that is undervaluing this coin at this current moment because at this current moment the price SHOULD be 10 cents but it's not 10 cents and I don't see it dropping quickly anytime soon. so i'm happy to put my money in. i think there is a better chance of it 3x than there is for it to drop to 30 cents.
Brody Martin
I haven't really checked it out since a few weeks after launch, is it still a pain in the ass to use?