Quote from: missionsuccess on July 11, 2015, 01:46:46 PM

Quote from: National on July 11, 2015, 07:50:51 AM

So going off of your statement that no more coins will be released unless the value increased greatly...what does increase greatly mean? What is the optimal value that you guys believe GRT should reach and stabilize at?

Hey National,

In what terms do you ask by optimal "value"? My assumption is your asking the GRT conversion back to USD... With that assumption, my opinion is that no one can predict where any of these digital currencies will be 10 - 15 years in relation to fiat. I personally don't think in terms of the currencies related back to fiat because after the 2008 crisis I don't believe the fiat currencies will last much longer with trust of the people.

So to answer your question the value of 1 GRT will always be the same value of 1 GRT today, tomorrow, and ten years from now. All that will change is what that 1 GRT will be transacted for, the utility of the currency.

This is one of the biggest challenges that face the crypto currency demographic is they look at these currencies like investments in relation to USD or other fiat, this is why you see all these pump and dumps with greedy individuals trying to make a quick buck. Even LTC recently went through a pump and dump...

It'll take some time but when GRT plugs into the specific markets that are being targeted it will be a special currency to be apart of

.

Cheers,

Brandon

Good points, Brandon.

The only thing I would add to what Brandon already said is that the founders of the Grantcoin Foundation have talked about 50 satoshis as sort of a baseline price that we want the currency to be able to maintain and not go below it. There's no official policy to that effect, but informally speaking, the people who are involved in managing this project will probably try to keep the value of GRT at or above that level unless there is huge dumping by other investors.

And, really, it wouldn't be that hard to maintain that price. Only about 17 million additional GRT is going to be produced through mining. At 50 satoshis, that's only about $2,500 in buying demand, total, that would have to exist to absorb those coins if all of them are dumped on the market by the miners.

Given how little money it would take flowing into this coin to hold the current price until Proof-of-Stake begins and the inflation rate drops to a very low level, I don't think it makes sense for people to worry about the price. If you're looking for a quick pump and exit, then maybe this coin isn't for you. If you're looking to invest in a serious project with long-term potential, then this is one of the few coins with that philosophy.

Quote from: National on July 11, 2015, 07:50:51 AM

So going off of your statement that no more coins will be released unless the value increased greatly

Just to clarify, I didn't say that "no more coins" will be released until the value increases greatly. Some more coins will be released as grants, even in the near future, but we're not talking about huge amounts of coins. And the grants will mostly be given to people, businesses and organizations that are helping the Grantcoin project in some way, helping to give the coin more utility and value. Some micro-grants (a few thousand GRT per person) will also be given to people as coupons to attract customers to shop in the online store we will soon be launching, which will give people incentive to pay in Grantcoin.