Post
Topic
Board Speculation (Altcoins)
Re: Worthy to invest in Grin
by
Jennifer Lee
on 11/01/2021, 20:17:01 UTC
Grin is a new coin and I have heard a lot about it. Bitcointalk forum admin has started to accept grin as a payment method. Is it worthy to invest in grin now? The current price is $4.50 or something like that. What do you think? Will it increase or decrease more?
It is very difficult to predict whether this coin will be able to increase in the future. And in General, personally I am now very concerned about new projects, unfortunately we do not know what to expect from the already well-known projects, so personally I will refrain from new in this market.
You've seen the potential of Grin already and you're having doubts whether it will still moon further due to the present market conditions. Invest now to avoid missing the chance to cos in the near future it will be go beyond your reach. It's more preferable to invest in already trading project than new project

Grin was not created to be as a speculative investment and getting rich quick similar to some of the other cryptocoins. Everyone should read its monetary policy before buying because you might lose value by speculating on this like it was bitcoin.



As an experimental hypothesis, Grin's inflation rate may discourage hoarding early on, improving its distribution. Inflation disincentivizes "whales," who have an inordinate amount of control over the price of an asset, and should act to downplay speculative bubbles and price swings. Early adopters get just as much out of grin as those who adopt later. This argument is discussed at length in Bitcoins are not digital greenbacks, in which Wei Dai himself considers "Bitcoin to have failed with regard to its monetary policy". Grin is aiming for as equal access and utility as possible for all users, now and in the future.

Constant emission could provide enhanced supply/demand certainty for all types of users, and allow transparent and natural pricing. Note: Bitcoin becoming widely usable as a method of exchange versus a strict store of value depends on the concept of "Keynesian beauty contests." The experiment is ongoing.

Grin is focused on privacy, scalability and fairness. If groups or individuals "get rich quick," they will have power to influence the entire grin economy more than others. Grin is not for creating technocrats, but for providing private digital cash to as many people as possible. Hoarding is a huge centralization pressure, and grin emission policy hopes to mitigate this.

The idea is to use grin like you use your bicycle, to get you around and make you more efficient, not to store in your garage hoping its value goes up.


Source https://github.com/mimblewimble/docs/wiki/Monetary-Policy

Hard to peg value to something without scarcity Sad Mimblewimble is very clever though, that is what I like about Grin.