Topic: Is GRIN still a thing? - page 2. (Read 1084 times)
At first, I was very excited to this project but after that, I stopped because it seems the "privacy coin narrative" seems becoming non sense in the world of cryptocurrency because the essence of cryptocurrency being anonymous or having privacy is already there, so these kinds of project seems become more redundant.
It's been quite a long time since the first cryptocurrency with the "Mimblewimble" privacy technique was released. My first days of using GRIN were quite troublesome due to its added complexity. But it's a great coin to use for privacy-oriented transactions once you get the hang of it. Somehow, GRIN became a forgotten cryptocurrency as all of the attention shifted back to Monero. Was this a result of poor marketing/promotion efforts? Or a lack of user experience?
I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much.
I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much.
Grin has not died. The price has been stabilized at a lower side and it has a sizeable community of volunteers and privacy focused users.
It's still one of the popular mineable coin. Miners are another community that are keeping the coin alive. A coin is dead when there's no transaction volume. Grin is still listed and traded on some centralized exchange like Gate.io. The problem with privacy focused coins are being unlisted from every popular exchange. There surely would be some unknown centralized exchange listing them but coinmarketcap won't track it and people would forget it.
Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.
Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.
Maybe, in the meanwhile new AML law in EU is going to ban all anonymous crypto payments. Only privacy preserving coin that i know that will be safe is Dusk, as their tech is going to be complying with eu AML laws, and their citadel tech can be used to identify the wallets, meaning that auditing is transactions is possible. But everything stays confidential to outsiders because kyc is build into zk tech.Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.
Privacy coins being illegal means that there won't be any insitutional investors left and i don't see how privacy coins could have much liquidity value when it's gets harder and harder to convert to fiat money. So maybe it will stay hidden as money between people who won't mind possible criminal record. Who knows.
Oh no the govt is going to ban Monero and Grin
I guess we better pack it up boys, o48o says we need to respect the EUSSR and their draconian bullshit, let's all pile into the ICO scam compliance bro "privacy" shitcoin that he's shilling. 
Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.
Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.
Maybe, in the meanwhile new AML law in EU is going to ban all anonymous crypto payments. Only privacy preserving coin that i know that will be safe is Dusk, as their tech is going to be complying with eu AML laws, and their citadel tech can be used to identify the wallets, meaning that auditing is transactions is possible. But everything stays confidential to outsiders because kyc is build into zk tech.Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.
Privacy coins being illegal means that there won't be any insitutional investors left and i don't see how privacy coins could have much liquidity value when it's gets harder and harder to convert to fiat money. So maybe it will stay hidden as money between people who won't mind possible criminal record. Who knows.
GRIN MimbleWimble March developments and News #47
- GUI wallet import functionality.
- MimbleWimble-python slatepacks.
- Ledger Hardware wallet bounty.
- Grinwish List.
I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.
I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.
And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.
For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.
I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.
And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.
For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.
Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.
Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.
I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.
I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.
And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.
For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.
I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.
And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.
For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.
It has unique tech features but unfortunately it just couldn’t catch up
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.
Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.
Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.
Ok you fucking Eloncoin chatgpt spambot, thanks for your informed and enlightening opinion
It has unique tech features but unfortunately it just couldn’t catch up
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.
Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.
Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.
Also i am not sure if there was any need for competition as we had monero already. Especially when, like you said that it had "added complexity".
One of Grin's selling points is that the underlying machinery is even simpler than Bitcoin, so I don't know that added complexity at the user interface level currently is meaningful if it is really simpler at its core. And it is certainly much much simpler machinery than Monero.
Another issue that a critic might raise about Monero (or Bitcoin) is the rapidity of its emission schedule and unfairly rewarding insiders (and this is doubly true about Monero because of its even faster emission than BTC and the issue of crippleminer, claymore, etc.).
I think there's plenty of space for something that is simpler and lighter weight than BTC, maybe almost as private as XMR, and offering a much more fair emission schedule to late comers than any other project in the whole cryptoverse.
It's been quite a long time since the first cryptocurrency with the "Mimblewimble" privacy technique was released. My first days of using GRIN were quite troublesome due to its added complexity. But it's a great coin to use for privacy-oriented transactions once you get the hang of it. Somehow, GRIN became a forgotten cryptocurrency as all of the attention shifted back to Monero. Was this a result of poor marketing/promotion efforts? Or a lack of user experience?
I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much.
Depending what you mean by thing? Is it interesting to majority or trendy? No. But İgno (founder) suddenly leaving grin was probably end of grin, as even with new developers, that kind of move make people lose trust and interest. Also i am not sure if there was any need for competition as we had monero already. Especially when, like you said that it had "added complexity".I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much.
Here's also reddit thread from 2 years ago about it being dead:
https://www.reddit.com/r/grincoin/comments/rhhhlk/so_is_grin_dead_or_what/
Actually i doubt that there's any privacy centered coin that is doing well in this bull market. Regulations from FATF made sure that they won't be in any big exchanges, and even cashing them out in any way gets more difficult as time goes on and these new regulations can be monitored more efficiently.
GRIN yearly mining reward is close to 2 million $, yet transparent fund shows more than 2 million spent to development, GUI started 2020 ?
https://grin.mw/fund
1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part GRIN devs engaged, contributed it? Even reviewed? I guess NO.
Where is the progress reports of core guy, who drains funds since 2019 ?
So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.
You cant write off everyone troll, drove away most of contributers, while leaving newbies to buggy and unusable CLI wallet.
Personally i respect your enthusiasm and loyalty to GRIN but nobody is convinced that virtue signaling anymore.
Where is the deliverables and request funding of yeastplume who works part time?
example as antioch. Rules are same for everyone.
https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183
https://grin.mw/fund
1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part GRIN devs engaged, contributed it? Even reviewed? I guess NO.
Where is the progress reports of core guy, who drains funds since 2019 ?
So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.
You cant write off everyone troll, drove away most of contributers, while leaving newbies to buggy and unusable CLI wallet.
Personally i respect your enthusiasm and loyalty to GRIN but nobody is convinced that virtue signaling anymore.
Where is the deliverables and request funding of yeastplume who works part time?
example as antioch. Rules are same for everyone.
https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183
Tbh I don't know the whole history and really only got interested in GRIN a year ago or so. If your coin needs a treasury it's a fucking scam anyway, so if treasury is gone that's good imo. Let the people who only want money take the money and run, there seems to be plenty of interested folks mining, shilling, developing, etc.
GRIN yearly mining reward is close to 2 million $, yet transparent fund shows more than 2 million spent to development, GUI started 2020 ?
https://grin.mw/fund
1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part GRIN devs engaged, contributed it? Even reviewed? I guess NO.
Where is the progress reports of core guy, who drains funds since 2019 ?
So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.
You cant write off everyone troll, drove away most of contributers, while leaving newbies to buggy and unusable CLI wallet.
Personally i respect your enthusiasm and loyalty to GRIN but nobody is convinced that virtue signaling anymore.
Where is the deliverables and request funding of yeastplume who works part time?
example as antioch. Rules are same for everyone.
https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183
https://grin.mw/fund
1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part GRIN devs engaged, contributed it? Even reviewed? I guess NO.
Where is the progress reports of core guy, who drains funds since 2019 ?
So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.
You cant write off everyone troll, drove away most of contributers, while leaving newbies to buggy and unusable CLI wallet.
Personally i respect your enthusiasm and loyalty to GRIN but nobody is convinced that virtue signaling anymore.
Where is the deliverables and request funding of yeastplume who works part time?
example as antioch. Rules are same for everyone.
https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183
Who is the troll ?
What have you done besides come here and kvetch? That is the definition of a troll. You. You are the troll. Not really that complicated lol.
After igno, no serious development.Period.
Only a troll would state such utter falsehood with such certainty...There have been many major changes since Igno left in Aug 2019,
including two new PoW, a new DAA, a new fee model, hardware wallet support, a new
syncing mechanism, and a mw mixnet prototype.
Yeah, continue to write everyone off as greedy shitcoiners just looking for a quick pump or troll.
Same old tactics, you drove away many people from Grin with this ''troll''
What prototype you are talking about?
Open ended unfinished prototypes again since 2020?
https://forum.grin.mw/t/the-official-grin-gui-wallet/7209
Core team pay itself with no funding request, without no check balance since igno left.
Where are the funding request of core team?
Millions of dollar spent since 2019. Btc Funds are outlfowing constantly.
Core team arrogancy and poor leadership ruined GRIN
Since 2019 igno left, core team slowly drain the funds and stand in the way of those who want to actively improve grin. You drove away them politically.
Grin transactions are still buggy and your CLI even, Grin is unusable for average joe.
You, core team even dont know how exchange GRIN transactions work.
Show me your last transactions of GRIN.
Who is the troll ?
After igno, no serious development.Period.
Only a troll would state such utter falsehood with such certainty...There have been many major changes since Igno left in Aug 2019,
including two new PoW, a new DAA, a new fee model, hardware wallet support, a new
syncing mechanism, and a mw mixnet prototype.
He makes a point. There is no stable working wallet since 2019 and rest development is look like mainteanace or half done projects.
Do not try to sugarcoat a project who stalled since Igno times- during his time developers has done most of the development of GRIN, after him everything gone south.
GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.
After igno, no serious development.Period.
Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.
Do not try to sugarcoat a project who stalled since Igno times- during his time developers has done most of the development of GRIN, after him everything gone south.
GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.
After igno, no serious development.Period.
Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.
Tromp just posted in this thread. Grin++ seems active within last few months, telegram channel is active 🤷♀️ Go chase scams if you wanna chase scams. Seems like a waste of time to kick dirt on one of the few legitimate projects in the space besides maybe bitcoin, monero, maybe litecoin and doge (wownero ofc
) - what else?
He makes a point. There is no stable working wallet since 2019 and rest development is look like mainteanace or half done projects.
Do not try to sugarcoat a project who stalled since Igno times- during his time developers has done most of the development of GRIN, after him everything gone south.
GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.
After igno, no serious development.Period.
Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.
Do not try to sugarcoat a project who stalled since Igno times- during his time developers has done most of the development of GRIN, after him everything gone south.
GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.
After igno, no serious development.Period.
Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.
After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.
Also fake grin more valuable than grin now.
İt is shame.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.
Also fake grin more valuable than grin now.
İt is shame.
Grin GUI alpha is out now. The BSC scam token only brought attention to legit $GRIN, and showed what a fucking scam MEXC just like their big brother Binance scamming with Monero. Grin keeps building and growing, none of this scam token ponzi bullshit matters.
GRIN GUI is being developed since 2022.
Still not come closer to anything.
Terrible UX, unusable wallet again.
Failure.
OK brand new account coming out of the woodwork to make a bunch of posts trash talking one of the few legitimate projects in the space. You are clearly either a salty bagholder just mad at life or someone trying to talk trash and buy in lower. Go do something productive with your life boi
After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.
Also fake grin more valuable than grin now.
İt is shame.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.
Also fake grin more valuable than grin now.
İt is shame.
Grin GUI alpha is out now. The BSC scam token only brought attention to legit $GRIN, and showed what a fucking scam MEXC just like their big brother Binance scamming with Monero. Grin keeps building and growing, none of this scam token ponzi bullshit matters.
GRIN GUI is being developed since 2022.
Still not come closer to anything.
Terrible UX, unusable wallet again.
Failure.
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