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Commodities have no capped supply and fungible. GRIN resembles to commodity with its emmission model and fungibility feature as well.
by Cobragri 4y ago
Commodities have no capped supply and fungible. GRIN resembles to commodity with its emmission model and fungibility feature as well.
- deleted 4y ago[deleted]
- legutierr 4y ago> Commodities have no capped supply Since when has this ever been true? Silver is a commodity, is it not? https://en.wikipedia.org/wiki/Silver_Thursday https://en.wikipedia.org/wiki/Silver_Thursday
- Cobragri 4y agoThat wikipedia article mentions derivative market silver,it is a contract based silver at futures excchanges. Silver has a perpetual mining for thousand years, like gold.
- legutierr 4y agoSurely there is a finite quantity of silver and gold in the earth, though, is there not? Not all of the silver and gold in the ground has been mined, to be sure, but neither has all of the Bitcoin, either.