With GRIN’s 2nd anniversary party complete, the story of GRIN and his friends has just begun!
On January 16, 2021, GRIN’s 2nd Anniversary Party, co-hosted by GRIN and its friends, was successfully held at Hangzhou Dikai 30L.
Not only the birthday party guests gathered at the scene, filled with laughter; The event was organized in a new way, centered around the theme of sharing “my story with Grin.” Guests spoke freely at any given time, and the atmosphere was relaxed and humorous.
Next, Inter hash selected the following “stories” for readers and GRIN fans at the event.
Story of Vito (partner of Ipollo ecology) and grin: when I started in 2018, I encountered and learned about grin in a long bear market. At that time, my friends told me that grin was btc2.0. After some research, I decided to buy it and bought the current position of 0.2u and 0.3u all the way. What is the motivation for me to insist on buying grin?
1. After investigation, grin is a truly decentralized, pure community and pure POW project.
2. All grins are distributed fairly through mining.
3. Although the currency price of GRIN has been falling, the community atmosphere of GRIN has been very friendly and uplifting.
The story of a community and grin: since the launch of grin, we have been paying close attention to it. There are two main reasons for supporting Grin: 1. Decentralization, which is more valuable than corporate currency. In addition to some criticisms on inflation, it is still optimistic for a long time. 2. Apart from increasing the holdings of bitcoin, privacy coin is being laid out in 2021. The admission of institutions will quickly whiten bitcoin, thus establishing its status as an international reserve currency. However, the demand for privacy protection will not decrease, and it will be transferred from bitcoin to privacy currencies such as Xmr, Zec and grin.
Our experience is as follows:
No matter any project, as long as the price rises, word of mouth will come naturally!
How to look at grin’s currency price and inflation?
Tian Qi, a full-time volunteer in the grin community, shared his view: the price of money is determined by the relationship between supply and demand. Grin does not issue money in advance. It distributes about 30 million yuan a year by the way of one second. Therefore, in the early days, the supply of GRIN increased linearly, while the number of fans in one stage was relatively limited. Grin technology has potential. If it can survive, there will always be qualitative change at a node. There will be more technological revolution and more people to accommodate it. Thus, there will be a bull market. Have you noticed an interesting phenomenon, that is, when everyone is locked in a coin, it’s a great opportunity to enter.
The community has also talked about inflation for a long time. In fact, some POS coins can be issued more than 1 billion at a time, but 300 million grins need to be dug by all miners in the whole network for 10 years. Therefore, grin fans still value every grin, because the whole world is fighting for this second, and we all share this time. When there are more application scenarios for grin in the future. In addition, fair mining, from a longer-term point of view, later generations are more willing to join in. Cryptocurrency itself is experimental. The block reward of bitcoin will gradually be halved to zero. BTC’s whole network hash power will gradually rely on transaction transfer fees. At that time, the transfer fees will be very high. Therefore, whether there will be enough transfers and whether the corresponding can support the whole network computing power cost, as an experiment of cryptocurrency, no one can say for sure. Considering this problem, grin avoids high transaction costs by continuously distributing block rewards fairly, which is also the advantage of grin.
Xiaojay, as a full-time developer in the community, also shared his views: first of all, from the perspective of inflation, everyone says that bitcoin is “digital gold”, but from the perspective of inflation curve, grin is more like digital gold, because gold is never halved. In addition, as Tian Qi said, bitcoin has not fully proved that its handling charges can completely replace block rewards. There has always been a hidden danger in this aspect. Grin foresaw this in advance, continued to distribute mining fairly, improved the enthusiasm of miners entering the mine, and maintained the security of the whole network’s computing power.
My technology group generally does not discuss currency price. I think that the heat of grin was too high at the beginning. In fact, the whole market was very cold at the beginning of 2019. At that time, grin was attracted by a lot of capital speculation by the halo main online line named btc2.0, and the actual value output of grin was not enough to support such a high currency price, so it would fall all the way. By the way, let’s discuss the possibility that grin will become btc2.0. The reason why bitcoin evolves slowly is that security is the first thing to be guaranteed. If bitcoin fails to evolve with such a large market value, it will cost investors and core developers too much. Grin is relatively young, and the cost of trial and error is very low. The four hard forks are all arranged in advance. After the successful completion of the hard forks this morning, slatepack, the unified transfer standard of the whole network of grin, has stabilized, and ASIC mining has gradually been applied, including exchanges and ore pools. In the future, there will be more and more exchanges and ore pools. The stable grin may move towards the return of value, and the future can be expected. (does not constitute any investment opinion)
Gate.io Story of partner Jiuer and grin: gate is the first exchange to support grin and its four consecutive hard bifurcations, and it is also the first exchange to donate $50000 to the grin community to assist grin in its future technology development. In fact, the reason is very simple. Our boss Han Lin is technology. He likes the technology community very much and hopes to promote the development of the industry through the iteration of blockchain technology itself. In fact, I don’t know much about the technology of grin, but I pay most attention to the grin community, which also impresses me deeply. After going deep into the community, I find that grin community is one of the few communities where the price of currency has been falling, but the voice of the community has been very passionate and uplifting. In other communities, if the currency price is falling all the time, people may blame the founder team or even defend their rights. However, friends in grin community will only “blame themselves for not working hard enough”!
Some wonderful live photos are attached.
The second anniversary of GRIN’s birthday party was successfully held, and it was wonderful. Of course, due to the epidemic control, only a small grinners party with 30–50 people could be organized, and more grin fans could only look at each other across the screen. We could not get more interesting stories, record them and spread them. But we believe that in the open grin community, The story of grin and many of his old and new friends has just begun! A few years later, when we look back on this special birthday party, it may be of great significance!
