Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
by
kronos123
on 21/01/2019, 01:02:30 UTC
don't get fooled into buying this shitcoin guys, members are trying to hype up this junk with its massive inflation rate.  Price will do nothing but drop.

You don't buy POW coins in their first few weeks of launch. You mine them...


Wise advice, but many seem to forget or ignore.

I also want to point out to @lightcar that the massive inflation is due precisely to the characteristics themselves and to Grin's objective, not to be a fork like Bcash and the like and not to be pre-mining, to have no foundation or shares in the hands of a company (as in all Ico).

Finally, inflation goes diluted, going from 100% in 2 years to 10% after 10 years, to 5% after 20 years; in comparison you have to date Bitcoin with about 3%, Ethereum about 6%, Monero about 5%, while the inflation of Fiat in the industrialized world is also between 2-4% .... therefore l Inflation of Grin is correct and fair to its purpose, it must only mature.