Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
⭐ Merited by vapourminer (1)
What is going on with grin coin? I read some of the comments on here and they don't seem too bad, and the general cryptocurrency market is not doing bad right now but the grin coin price is down like 70% since it started trading on Poloniex. Are they diluting, company selling coins on the market, or no buying interest? I bought some, bought more then bought more and all I did was lose 
https://github.com/mimblewimble/docs/wiki/Monetary-Policy
https://docs.google.com/spreadsheets/d/1RO3zc5AvfN9rcVnrYnLjqCikFLHmD39_7MCV18lDrvc/edit#gid=0
The following spreadsheet should be more accurate. Reward/block should be 60, not 50.
https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/edit#gid=0
Why does it start from March 2018? Is that when the testnet launched? And it just became the mainnet afterwards?
It is simply going down because at the present time GRIN has one of the highest inflation in the market (I don't know if it is the highest); it will gradually decrease over time, until it is almost negligible after 30 years, but the objective fact remains that we have 86400 new Grins on the market every day, more than 31 million Grin every year, FOREVER.
All this in a relatively stationary / lateral market, with many "old" projects close to the release of Mainet or important partnerships, with "problems" relating to wallets to send and receive Grin ( completely different and more complicated than the previous Coins ), here is we can explain a slight and constant drop in the new currency!
Finally I believe that the "creators" of GRIN did not want the umpteenth coin to speculate and earn above, the umpteenth gold digital to be kept in the wallet without spending it, because tomorrow has a higher price (why spend today $ 1000 if tomorrow can worth $ 5,000 / 10,000?); I believe that the creators of GRIN wanted a new Coin minable, anonymous, fast, and above all with a light blockchain.
So let's say that today GRIN is not a store of value, it is not yet widespread as a means of payment and is not yet user friendly (it could become so in the future); on the other hand GRIN is today a new Coin with privacy, no address, with a new and innovative protocol (MimbleWimble and Couckoo Cycle), with a light blockchain, medium of exchange!