Quote from: antanst on January 17, 2019, 10:25:06 PM

Quote from: theymos on January 17, 2019, 03:25:56 PM

Quote from: eddie13 on January 17, 2019, 01:59:42 PM

Can GRIN do this? Can GRIN compete with VISA and remain decentralized and immutable with a fixed supply and no trust in 3rd parties?

s/fixed supply/predictable supply/

Yes, that combined with its privacy is what makes it so exciting. You can probably achieve even greater scaling with BTC+LN, and I consider that quite likely to be what the economy actually goes toward, but grin is a very different and interesting alternative approach.

If I'm not mistaken, Grin has a 100 byte kernel baggage for each transaction that stays forever. So it might be more scalable than Bitcoin (an impressive feat considering that it adds a level of privacy as well), but still not Visa-level scalable. I'm not sure how it can be compared to LN's much better scaling.

You are forgetting about security. Sure it may be able to confirm tons of txs quickly, but if some group of people want to 51% attack, you are fucked. Thats what makes Bitcoin super valuable... most vetted for, most tested, most valuable cryptocurrency with a shit ton of hashing power to prevent bad actors from rewriting the ledger.