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Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. - page 14. (Read 73882 times)

full member
Activity: 826
Merit: 103
It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.
While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward  Wink
You're way off here, but you should do your own research to find out why Wink

Seriously, A newb with like 7 posts telling me I'm way off. I had expected somewhat more than that. As for your reasoning, you basically have none, guess your maybe thinking I should simply just take your word for it. I'm gonna need a bit more than that. Let me try again, why does this project even exist, not sure the crypto world really need it...
member
Activity: 60
Merit: 89
It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.
While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward  Wink
You're way off here, but you should do your own research to find out why Wink
full member
Activity: 826
Merit: 103
What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  Cheesy Roll Eyes.
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that?  Huh

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward  Wink
newbie
Activity: 11
Merit: 0
What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  Cheesy Roll Eyes.
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that?  Huh

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  Cheesy Roll Eyes.

Wat???

Conclusion:  Grin is currently highly overvalued at $6.5

Question is not if price of Grin is over evaluated right now, but at what price and at what time will Grin found bottom.  I believe most pessimistic date could be even 4 years form now and deep in 4 digits of satoshies.

I'm guessing more like 2 years and who know what BTC will be worth then so it is hard to judge what this will be worth in comparison.

Hands up who is going with this just because theymos has backed it himself?
....

It's not like you guys were not warned.

What is the economic model?  I read a while back that there was something funky about it and not that appealing. 

1 grin is created per second on average, forever. Similar to XMR. Not ideal IMO, but it does tend to be deflationary long-term.

What's the general consensus on Grin? Are we buying it or Is theymos trolling us again with another shitcoin? (remember howey) No address, no coins, sounds weird af. I don't know what to think about it.

Not a shitcoin but it is not an investment vehicle.

Don't you think infinite supply will play role of pressure element on he price of coin ? There is lot of hype before the launch of this coin what is scheduled in two days now. I hope they will be much more careful with security and safety as first impression will be the last. We saw what happens with Beam with vulnerability. These are the two coins succeeded to get attention of everyone in very short time.

Beam is a money grab, tail emission is a design decision of a solid currency.
It doesn't matter if the pump and dumper can't make cake, its not designed for that so if the tail emission scares you then don't use this coin.

@Theymos finds the tech interesting and does not do pump and dumps.

I find the goals laudable and the tech interesting if not immature atm, the tech will be amazing if matured due to the scaling if nothing else.
sr. member
Activity: 966
Merit: 254
What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  Cheesy Roll Eyes.
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that?  Huh
legendary
Activity: 990
Merit: 1108
...but I agree with the part that "from an economic point of view, grin is the same as dogecoin"

Grin has constant block reward. In Doge the current reward is only 1% of initial reward.
Not quite the same, unless your only distinction is capped vs uncapped.

Taking that to an extreme, Grin would be the same as Bitcoin with a 1 satoshi tail emission,
where late miners are rewarded 5 billion times less than initial ones.
member
Activity: 480
Merit: 68
two users must be online all the time to translate, this is just nonsense and not technology.
Same is with cash money, so it isn't a nonsense. Wink
...but I agree with the part that "from an economic point of view, grin is the same as dogecoin"
member
Activity: 238
Merit: 29
Reminder: do not feed the trolls...
where you Troll saw writing as it is, than your grin better Dogecoin?
even more I will say it is worse you can't transfer grin money to offlan

two users must be online all the time to translate, this is just nonsense and not technology.
legendary
Activity: 990
Merit: 1108
Reminder: do not feed the trolls...
member
Activity: 238
Merit: 29
Mimblewimble technology does not make sense in the future, a simple cryptocurrency like bitcoin with the function of compression of the blockchain is not needed by anyone. It is strange that grin has not yet fallen in price, from an economic point of view, grin is the same as dogecoin.
legendary
Activity: 990
Merit: 1108
Cuckatoo31 is no more

As of block (52+30)*7*24*60 = 826560, the graph_weight of C31 has fallen to 0,
making it impossible to solve blocks with C31.

Congratulations to the miner of block https://grinscan.net/block/826450 6
the last ever C31 block in Grin!

Although it really didn’t make sense to be mining C31 in the past week, where its graph_weight was 31 times less than before the phase-out. We suspect that even now, some people may still be mining C31, unaware that it’s a complete waste of electricity. At least the above miner got some bragging rights.

Sadly, now https://www.f2pool.com/coins only shows two grinning smilies instead of the former three in a row...
member
Activity: 126
Merit: 15
More info on 1st Grin ASIC + airdrop (post your address to receive 10 free Grin):
https://forum.grin.mw/t/came-across-1st-grin-asic-of-the-world/7383
legendary
Activity: 1229
Merit: 1001
Underperformed even this bull market.Listed many exchanges but no demand.

Hashrate stalled since last year and so called asic manufacturers dont care anymore.


It's hard for demand to increase for Grin because of the slow declining inflation rate the longer Grin has been around the less the inflation rate matters.
But because it is so new now the inflation rate is such a  large amount of the supply its just not a good store of value early on.
I bought some GRIN just in case but I feel like I am going to lose value in the short term.
legendary
Activity: 3444
Merit: 1061

ASIC manufacturers will pump this coin when they get the product out....you know, sales hehe.
jr. member
Activity: 210
Merit: 6
Underperformed even this bull market.Listed many exchanges but no demand.

Hashrate stalled since last year and so called asic manufacturers dont care anymore.




newbie
Activity: 22
Merit: 1
It is clear that the project cannot develop without funding. And the fact that there are people who help in the development of Grin, I do not see anything wrong.
member
Activity: 60
Merit: 89

What are you going on about? Did you vote? I didn't. Nor did anyone in the community.

This is public information. Go find it yourself. Hint: try the grin forum.

There are recurring public meetings on which different things (including funding requests) are discussed and yes, I did express my opinion on funding requests on keybase, multiple times. I invite you to join next time and you'll see it is not as bad as it seems to you Smiley
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