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Showing 4 of 4 results by Jennifer Lee
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Can someone explain why even bother with partial privacy, especially considering that with such a tiny amount of participants its practically meaningless. There are already full privacy cryptos. Did DASH do privacy trying to be everything for everyone or is there a deeper reason?
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.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
Mimblewimble is very clever though, that is what I like about Grin.
JK Love Grin, wish price was more up, maybe if Grin print less Grin Hey,
Much as I like your conspiracy theory about Beam
, I think it is a much more boring and straight forward money grab operation, like people been sayin this. They couldda been a showcase win for Mimblewimble, but became a well-known crypto dumpster fire. Beam started as a for profit corporation with investors who were promised the Crypto Lambo Moon, and with miners who are fleeced with a 20% mining tax! Tho one thing that may support your theory though is how paranoid Beam and its people are about hiding the fact that they are an Israeli company. They definitely have something to hide! Beam admins delete all non-sycophantic posts in the social media channels they control.
Either way, I think Beam is scam because they collect 20% mining tax, then dump it driving the price down daily, but tell their peeps to HODL. If you held BEAM since the beginning peak pump, and every day thereafter, YOU LOST MONEY 
. On top of that, they use exchanges that report massively inflated fake volumes. Funny thing, BEAM Corp promises to hand off the reigns to the “community” and stop the tax in five years. The community will inherit a nice pile of bones, with the meat cleaned off them through five years of intense corporate feeding! They are also very disdainful and ungrateful towards the Grin community, playing up the recent 51% Attack on the Grin network which resulted in a double spend. Anywaze, bad eggs all around.
Much as I like your conspiracy theory about Beam
, I think it is a much more boring and straight forward money grab operation, like people been sayin this. They couldda been a showcase win for Mimblewimble, but became a well-known crypto dumpster fire. Beam started as a for profit corporation with investors who were promised the Crypto Lambo Moon, and with miners who are fleeced with a 20% mining tax! Tho one thing that may support your theory though is how paranoid Beam and its people are about hiding the fact that they are an Israeli company. They definitely have something to hide! Beam admins delete all non-sycophantic posts in the social media channels they control. Either way, I think Beam is scam because they collect 20% mining tax, then dump it driving the price down daily, but tell their peeps to HODL
. If you held BEAM since the beginning peak pump, and every day thereafter, YOU LOST MONEY . On top of that, they use exchanges that report massively inflated fake volumes. Funny thing, BEAM Corp promises to hand off the reigns to the “community” and stop the tax in five years. The community will inherit a nice pile of bones, with the meat cleaned off them through five years of intense corporate feeding! They are also very disdainful and ungrateful towards the Grin community, playing up the recent 51% Attack on the Grin network which resulted in a double spend. Anywaze, bad eggs all around.