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Topic: grin is now accepted for forum payments - page 5. (Read 5858 times)

newbie
Activity: 11
Merit: 0
January 18, 2019, 05:12:37 AM
#68
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.

The community is working pretty hard on addressing these. Right now, it's all about getting the infrastructure going, and then hopefully soon we'll get a better user experience around it. Just a matter of time (and of course, everyone can help and speed things up).
legendary
Activity: 2520
Merit: 2853
Top Crypto Casino
January 17, 2019, 09:02:09 PM
#67
Just got my Copper, paid using Grin Smiley Sweet
We should remember this post.
Maybe ten years from now it will be seen as this one:
Quote from: laszlo
I just want to report that I successfully traded 10,000 bitcoins for pizza.

Pictures: http://heliacal.net/~solar/bitcoin/pizza/

Thanks jercos!
Grin
newbie
Activity: 1
Merit: 0
January 17, 2019, 08:20:57 PM
#66
Grin has a retarded inflation rate. How do you think its price will remain sustainable?


Grin in the long run reaches store of value functionality + deterministic money supply (inflation) provides assurance/expectations around that. Early on speculation but SoV feature there4 it can become digital money.

Inflation in the early years (first 4 yrs) is exactly -the same- as bitcoin's btw, but SoV in much longer term.

See here I read it twice already https://medium.com/@CryptoProfG/grin-money-explained-4-exploring-grins-monetary-model-e48b1761653
copper member
Activity: 2
Merit: 4
January 17, 2019, 08:15:42 PM
#65
quick and painless. Took about a minute. Nice implementation!
administrator
Activity: 5166
Merit: 12850
January 17, 2019, 08:02:14 PM
#64
Just got my Copper, paid using Grin Smiley Sweet

Glad it worked!
copper member
Activity: 2
Merit: 4
January 17, 2019, 07:50:32 PM
#63
Just got my Copper, paid using Grin Smiley Sweet
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
January 17, 2019, 07:29:25 PM
#62
Can GRIN do this? Can GRIN compete with VISA and remain decentralized and immutable with a fixed supply and no trust in 3rd parties?

s/fixed supply/predictable supply/

Yes, that combined with its privacy is what makes it so exciting. You can probably achieve even greater scaling with BTC+LN, and I consider that quite likely to be what the economy actually goes toward, but grin is a very different and interesting alternative approach.

If I'm not mistaken, Grin has a 100 byte kernel baggage for each transaction that stays forever. So it might be more scalable than Bitcoin (an impressive feat considering that it adds a level of privacy as well), but still not Visa-level scalable. I'm not sure how it can be compared to LN's much better scaling.

You are forgetting about security. Sure it may be able to confirm tons of tx’s quickly, but if some group of people want to 51% attack, you are fucked.  That’s what makes Bitcoin super valuable... most vetted for, most tested, most valuable cryptocurrency with a shit ton of hashing power to prevent bad actors from rewriting the ledger.
newbie
Activity: 7
Merit: 1
January 17, 2019, 06:44:19 PM
#61
keybase is a joke for security though

How so? It uses PGP under the hood.
sr. member
Activity: 294
Merit: 260
January 17, 2019, 06:25:06 PM
#60
Can GRIN do this? Can GRIN compete with VISA and remain decentralized and immutable with a fixed supply and no trust in 3rd parties?

s/fixed supply/predictable supply/

Yes, that combined with its privacy is what makes it so exciting. You can probably achieve even greater scaling with BTC+LN, and I consider that quite likely to be what the economy actually goes toward, but grin is a very different and interesting alternative approach.

If I'm not mistaken, Grin has a 100 byte kernel baggage for each transaction that stays forever. So it might be more scalable than Bitcoin (an impressive feat considering that it adds a level of privacy as well), but still not Visa-level scalable. I'm not sure how it can be compared to LN's much better scaling.
legendary
Activity: 1652
Merit: 4392
Be a bank
January 17, 2019, 06:24:01 PM
#59
keybase is a joke for security though
newbie
Activity: 7
Merit: 1
January 17, 2019, 06:17:43 PM
#58

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.

Grin also supports keybase for the slate exchange which solves both the key distribution problem and the authentication problem.

https://github.com/mimblewimble/docs/wiki/Wallet-User-Guide#keybase
newbie
Activity: 1
Merit: 1
January 17, 2019, 05:56:11 PM
#57
Did not see this coming, definitely going to help get the wrinkles out of grin.

To those people commenting on the emission rate of grin, please check out the project's monetary policy document:

https://github.com/mimblewimble/docs/wiki/Monetary-Policy

If you really start thinking about it, it's an incredibly valuable experiment.

My 2ᵹ.
member
Activity: 226
Merit: 30
so.. hru?
January 17, 2019, 05:21:39 PM
#56
I can't wait for grin to be accepted as forum payments, maybe one day you'll accept the bitconnect tokens that people have and make them billionaires too.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
January 17, 2019, 05:01:24 PM
#55

I could not agree more with this user...
This is what we call indirect endorsement. Just wait for the cryptonews media to handle the rest publicity. Very soon you'll see news likes  
Quote
Cryptocurrencies biggest and oldest forum "bitcointalk" co-founded by satoshi himself accepts GRIN as a means of payment
and the so called crypto-experts on twitter and YouTube will add to the hype by adding it to their top altcoin to watchout for in 2019. Some might even say GRIN is the new BITCOIN Grin. although If I was a part of this project the news above (grins added as means of payment on bitcointalk) will be advertise on grin site. This wasn't the intention of theymos although when a forum like bitcointalk accepts you as a means of payment it's an indirect endorsement sending signals to potential investors that the project is a go for...

Once this Bcash guys will discover this they will take it to another level.

One good thing about this announcement is that it actually expose me more to grin, I was just hearing the name without any serious intention to research about it but spend most of my time today doing some research after I saw this announcement. Keeping an eye on the price though , if theymos loves it why shouldn't i 😂

Can we just hold a moment of silence for those who saw this announcement and went to buy at ATH what a massive drop GRIN just experiences over -90%
legendary
Activity: 1806
Merit: 1827
January 17, 2019, 04:35:47 PM
#54
I'm also looking at Dash.
Haven't finished reading this thread yet, but watch out lest you become the next target of cryptohunter for that.  Just voice a modicum of support for Dash and you'll end up on the sharp end of his trolling stick.

Grin?  Never heard of it.  Not interested in it, even if Theymos is throwing his support at it--which makes me scratch my head a little.  But I'm obviously not nearly as knowledgeable as 95% of bitcointalkers as far as what constitutes a good altcoin anyway.

Meh, Jet Cash already had to face the grilling from that person. https://bitcointalk.org/index.php?topic=5098607.33 Cryptohunter decided to back off due to Jet Cash's age and not wanting to be a bully.
legendary
Activity: 3332
Merit: 6809
Cashback 15%
January 17, 2019, 04:29:11 PM
#53
I'm also looking at Dash.
Haven't finished reading this thread yet, but watch out lest you become the next target of cryptohunter for that.  Just voice a modicum of support for Dash and you'll end up on the sharp end of his trolling stick.

Grin?  Never heard of it.  Not interested in it, even if Theymos is throwing his support at it--which makes me scratch my head a little.  But I'm obviously not nearly as knowledgeable as 95% of bitcointalkers as far as what constitutes a good altcoin anyway.
legendary
Activity: 2170
Merit: 6279
be constructive or S.T.F.U
January 17, 2019, 04:17:32 PM
#52
ok thanks of the difficulty spikes . Angry
legendary
Activity: 2632
Merit: 2780
Shitcoin Minimalist
January 17, 2019, 03:35:32 PM
#51
Monero

Mimblewimble has privacy features, but it also has the first really impressive, true scaling solution in crypto. Privacy-wise, Monero is probably better overall, but its scaling is abysmal, and neither coin can be treated as an impenetrable black box.

Grin has succeeding in reducing the size of the blockchain. However, it's still limited to 10 TPS, so the more significant scaling problem remains.
With it's adaptive blocksize, Monero can process >10 TPS (up to 1,700 theoretically).
full member
Activity: 308
Merit: 109
January 17, 2019, 02:41:18 PM
#50
For what you are accepting coins? Like what I can buy with them?

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.

I'm not sure about Donator ranks, but i really doubt you'll be able to buy those with Grin yet.

So there is nothing like atomic swap kind of things going on between the grin coins and the other coins? That I was thinking.
legendary
Activity: 1946
Merit: 1427
January 17, 2019, 02:37:20 PM
#49
For what you are accepting coins? Like what I can buy with them?

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.

I'm not so sure about Donator ranks, but i really doubt you'll be able to buy those with Grin yet. (As 10BTC would equal 10% of Grin's daily volume  Tongue)
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