Topic: grin is now accepted for forum payments (Read 5908 times)
Grin will soon rise from the ashes.
Does there any available stats about how many users used Grin to purchase the Copper membership? Anyway to know if users are still using this option?
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
There were a total of only 10 grin transactions. Currently grin is not accepted because it broke a while ago and I never got around to fixing it.
I personally bought from the forum all of the grin received, at the market price when it was received: 80.128295191 grin for 0.0118213 BTC. Not my most successful trade...
Well, the most important for me that the payment system with grin is always live. And how bitcointalk community didn't get hyped by "Grin accepted by the number one crypto forum".
I personally bought from the forum all of the grin received, at the market price when it was received: 80.128295191 grin for 0.0118213 BTC. Not my most successful trade...
Still beats the deal you made with Slickage.
You had previously claimed to have mined in 2010.
Theymos's first (or at least oldest remaining) post:I thought BitCoin only generated in 50 coin increments, but I got 50.44 here.
Admin was so clueless back then 
You had previously claimed to have mined in 2010.
Theymos's first (or at least oldest remaining) post:I thought BitCoin only generated in 50 coin increments, but I got 50.44 here.
Admin was so clueless back then I personally bought from the forum all of the grin received, at the market price when it was received: 80.128295191 grin for 0.0118213 BTC. Not my most successful trade...
You had previously claimed to have mined in 2010. If you still have any of the coin you mined from 2010, I can more or less guarantee that you will never have a trade that is more successful than that trade. There are estimates that it cost approximately $0.069 to mine a block in 2010, which is equal to approximately 0.138 cents per bitcoin.
To state the above in a different way, since 2010, the if someone were to acquire a bitcoin at a price of 0.14 cents, they would have increased their investment by approximately 457,000x.
For comparison, Peter Tiel, in 2004 purchased Facebook shares at a price that gave it a $5 million valuation. Facebook is now worth approximately $948 billion, or ~189,000x what it was worth in 2004, however Tiels investment was likely diluted, probably at least by a factor of 2, if not more, so the actual return would be something along the line of an upper bound range of ~90,000x. For Tiel to have a better trade than theymos, the market cap of Facebook would need to go to ~$4.18 trillion while bitcoin stays flat.
IMO, the only coin that has even a 1% chance to exceed the market cap of bitcoin is etherum. The low price of etherum was around $0.66 in 2015. However due to differences in the available supply, this is equal to approximately $4.1. In other words, if someone had purchased etherum at its $0.66 low in 2015, in order to realize a 457,000x return, the price of etherum would need to reach a rate that would be similar to bitcoin being at ~$27.06 million per bitcoin.
In other words, someone that mined bitcoin in 2010 and has not yet sold is going to see investment returns that will not be seen again in their lifetimes.
80.128295191 grin for 0.0118213 BTC. Not my most successful trade...
0.0118 to 0.0004 
Does there any available stats about how many users used Grin to purchase the Copper membership? Anyway to know if users are still using this option?
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
There were a total of only 10 grin transactions. Currently grin is not accepted because it broke a while ago and I never got around to fixing it.
I personally bought from the forum all of the grin received, at the market price when it was received: 80.128295191 grin for 0.0118213 BTC. Not my most successful trade...
Does there any available stats about how many users used Grin to purchase the Copper membership? Anyway to know if users are still using this option?
So far, I cannot find more and latest stats for users that used this method to buy CM except from this that theymos wrote 2 years ago.Since grin started being accepted, 5 out of 687 payments (0.7%) were via grin.
Right, I basically did it just for fun. I didn't expect all that many payments.
I had never used grin myself for any purpose. theymos accepting Grin is symbolic more than anything.
Right, I basically did it just for fun. I didn't expect all that many payments.
Does there any available stats about how many users used Grin to purchase the Copper membership? Anyway to know if users are still using this option?
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
In last replies, there was an unsolved issue about Grin network. Posters didn't update about it.
*Sorry about bumping this old thread. I think i can post my qustion here without the need to create a fresh meta topic.
I still don’t care, sorry. I remain only holding Bitcoin.
I never prompted you to offload Bitcoin to HODL MWC anyway.Btw, I can’t visit these links since this exchanges tries to force me to download their app.
I can visit all the three pages without downloading any app from them. May be you are using mobile and hence facing the issue. Price of MWC, GRIN and BEAM can be checked at CoinRanking.com as well. 
What do you think about it now?
I still don’t care, sorry. I remain only holding Bitcoin.Btw, I can’t visit these links since this exchanges tries to force me to download their app.
Age of MWC mainnet is around a week, whereas GRIN mainnet is around a year old. Its natural that GRIN will have more volume than MWC.
Then, comparing their price is dumb.It's natural that MWC may have a higher price knowing that an order buy of 1.1 BTC right now would double its price. There is no liquidity.
Unfortunately, it seems, MWC is already performing neck to neck with GRIN & BEAM.
https://www.hotbit.io/exchange?symbol=MWC_BTC
https://www.hotbit.io/exchange?symbol=GRIN_BTC
https://www.hotbit.io/exchange?symbol=BEAM_BTC
https://www.hotbit.io/exchange?symbol=MWC_BTC
https://www.hotbit.io/exchange?symbol=GRIN_BTC
https://www.hotbit.io/exchange?symbol=BEAM_BTC
Age of MWC mainnet is around a week, whereas GRIN mainnet is around a year old. Its natural that GRIN will have more volume than MWC.
Then, comparing their price is dumb.It's natural that MWC may have a higher price knowing that an order buy of 1.1 BTC right now would double its price. There is no liquidity.
Unfortunately, it seems, MWC is already performing neck to neck with GRIN & BEAM.
Are you really comparing the price of a coin which has a volume of $30 millions (GRIN) with one that has a volume of $22k (MWC)? Is this a joke? Love the tech behind Mimble Wimble, but really dont like unlimited emission. Looks like there are several Grin forks out there though.
MimbleWimbleCoin (MWC) fixes this. Only 20 million MWC will ever exist.
Love the tech behind Mimble Wimble, but really dont like unlimited emission. Looks like there are several Grin forks out there though.
Unfortunately, it seems, MWC is already performing neck to neck with GRIN & BEAM.
Are you really comparing the price of a coin which has a volume of $30 millions (GRIN) with one that has a volume of $22k (MWC)? Is this a joke? Link? With a horrible name like that I can only assume it's a copy/paste of grin or beam. I also found nothing from googling.
With all if that being said, I doubt bitcointalk would start accepting 'mimblewimblecoin'.
1. Wait for a potential innovative or promising technology to launch (grin).With all if that being said, I doubt bitcointalk would start accepting 'mimblewimblecoin'.
2. Fork it and create a shitcoin out of it to go with the hype.
3. Put 10% for the dev team (easy money) and another 30% for the airdrop (cheap advertising)[1].
4. ??
5. Profit (?)
It's always the same everytime a new "good" coin launches.
[1] https://bitcointalksearch.org/topic/ann-mimblewimblecoin-mwc-5119957
Unfortunately, it seems, MWC is already performing neck to neck with GRIN & BEAM.
https://www.hotbit.io/exchange?symbol=MWC_BTC
https://www.hotbit.io/exchange?symbol=GRIN_BTC
https://www.hotbit.io/exchange?symbol=BEAM_BTC
I'm super excited about grin. All past altcoins have been just Bitcoin with a few bits tacked on; occasionally these extra bits are useful/interesting (eg. Monero or Ethereum), but in the vast majority of cases this extra stuff is just meaningless marketing-oriented garbage. But grin is packed full of useful innovation from top to bottom; moreover, it's clearly built in the same cypherpunk spirit that Bitcoin was: increased freedom/sovereignty through technology.
Therefore, I'm happy to announce that the forum is now accepting grin payments automatically, probably the first site other than exchanges to do so. You'll find a link at the bottom of the evil-fee and copper-membership pages.
grin is new and clunky to use. I don't expect many people to use it, honestly. But I needed to rewrite the forum payments system anyway in order to support LN in the future and to fix some longstanding issues with the old code, so adding grin support worked out nicely.
I don't recommend buying or not buying grin. Due to its emission schedule, I'd guess that its price will have a general downward trend for quite some time, but who knows. Currently I own zero grin (though I will be buying from the forum all grin obtained), I was not paid to add grin support, and in fact not a soul knew that I was going to do so. grin support might be removed later if it dies off or becomes too time-consuming for me to maintain.
I tested this with grin's floonet (testnet), but not mainnet yet since I don't have any grin. Hopefully it works.
A few observations I had while implementing this:
By default they want you to essentially pay to IP addresses. This was stupid when Satoshi tried it 10 years ago, and it's stupid now. At the very least you should strongly encourage (ie. nearly force) people to give out public keys along with their IPs, since otherwise MITM attacks are trivial. Even then it sucks to require the recipient to run an open-to-the-Internet server at all. And for goodness' sake, don't use the broken/centralized HTTPS system; the Bitcoin Core devs have been going to a lot of trouble trying to remove that garbage from Core.
A better protocol for the copy/paste method is needed. For one, you shouldn't have to use intermediary files. I was annoyed when I did grin wallet send -m file -d - and it actually created a file called "-" instead of writing to stdout like it should.
grin needs to be much better at handling transactions that never continue beyond the first or second step in the three-way transaction process. They probably shouldn't even show up in the main transaction log.
Currently I think that there's no way for the recipient to get the modified slate after running receive the first time (eg. if it gets lost), which is nuts. And currently there appears to be no reasonable method for proving that you sent a transaction.
Therefore, I'm happy to announce that the forum is now accepting grin payments automatically, probably the first site other than exchanges to do so. You'll find a link at the bottom of the evil-fee and copper-membership pages.
grin is new and clunky to use. I don't expect many people to use it, honestly. But I needed to rewrite the forum payments system anyway in order to support LN in the future and to fix some longstanding issues with the old code, so adding grin support worked out nicely.
I don't recommend buying or not buying grin. Due to its emission schedule, I'd guess that its price will have a general downward trend for quite some time, but who knows. Currently I own zero grin (though I will be buying from the forum all grin obtained), I was not paid to add grin support, and in fact not a soul knew that I was going to do so. grin support might be removed later if it dies off or becomes too time-consuming for me to maintain.
I tested this with grin's floonet (testnet), but not mainnet yet since I don't have any grin. Hopefully it works.
A few observations I had while implementing this:
By default they want you to essentially pay to IP addresses. This was stupid when Satoshi tried it 10 years ago, and it's stupid now. At the very least you should strongly encourage (ie. nearly force) people to give out public keys along with their IPs, since otherwise MITM attacks are trivial. Even then it sucks to require the recipient to run an open-to-the-Internet server at all. And for goodness' sake, don't use the broken/centralized HTTPS system; the Bitcoin Core devs have been going to a lot of trouble trying to remove that garbage from Core.
A better protocol for the copy/paste method is needed. For one, you shouldn't have to use intermediary files. I was annoyed when I did grin wallet send -m file -d - and it actually created a file called "-" instead of writing to stdout like it should.
grin needs to be much better at handling transactions that never continue beyond the first or second step in the three-way transaction process. They probably shouldn't even show up in the main transaction log.
Currently I think that there's no way for the recipient to get the modified slate after running receive the first time (eg. if it gets lost), which is nuts. And currently there appears to be no reasonable method for proving that you sent a transaction.
Good to see Theymos recognized Grin immediatly. Grin has now windows UI wallets, niffler and grin++. Ironbelly have ios and android mobile wallet. Somebody donated 50 coinbase btc from 2010 to grin, which is quite mindblowing to me. Theymos you can now add grinbox permanent address, or maybe can also add via file that sends you back .response file? Price wise, it expectedly retraced towards 1-2$ the correction was big, as a every new pow blockchain. Maybe just an idea for a new forum smiley icon, you can use grin logo smiley? Do you have any updated thoughts Theymos?
Link? With a horrible name like that I can only assume it's a copy/paste of grin or beam. I also found nothing from googling.
With all if that being said, I doubt bitcointalk would start accepting 'mimblewimblecoin'.
1. Wait for a potential innovative or promising technology to launch (grin).With all if that being said, I doubt bitcointalk would start accepting 'mimblewimblecoin'.
2. Fork it and create a shitcoin out of it to go with the hype.
3. Put 10% for the dev team (easy money) and another 30% for the airdrop (cheap advertising)[1].
4. ??
5. Profit (?)
It's always the same everytime a new "good" coin launches.
[1] https://bitcointalksearch.org/topic/ann-mimblewimblecoin-mwc-5119957
Jump to: