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
Topic: Is GRIN still a thing? - page 3. (Read 1310 times)
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.
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.
I started mining grin on a gpu about a year ago, and now I have five g1 minis running. The thing I love most about grin is the supply curve and the distribution in general. There is no more fair launch in cryptocurrency, not even bitcoin, and it's not even close. Besides that it is more lightweight than bitcoin and more private.
Indeed; Grin ensured the fairest launch ever by
1) having a widely announced launch
2) having optimized GPU miners available for its cuckaroo29 PoW long in advance
3) inscribing the genesis block with a recent Bitcoin block hash (Bitcoin block 558,653)
4) having an astronomically high starting difficulty (22x larger for block 1 than for block 61)
5) having the same block subsidy at launch as at any later time.
The first mined block took well over an hour, and the average block time in the first day well over its 1 minute target, with the mining rewards on that first day amounting to less than 0.0024% of the soft total supply.
Clearly nobody had any advantage at launch. Neither the creators, nor the miners.
What fair distribution we are talking about?
Only pro guys like you can transfer Grin with CLI commands.
Core team blocked adoption infront of everybody eyes.
You dont review other contributers work, you dont fix bugs or anyone interfere.
How many Bitcoin spent for GUI wallet since 2022 ?
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.
I started mining grin on a gpu about a year ago, and now I have five g1 minis running. The thing I love most about grin is the supply curve and the distribution in general. There is no more fair launch in cryptocurrency, not even bitcoin, and it's not even close. Besides that it is more lightweight than bitcoin and more private.
Indeed; Grin ensured the fairest launch ever by
1) having a widely announced launch
2) having optimized GPU miners available for its cuckaroo29 PoW long in advance
3) inscribing the genesis block with a recent Bitcoin block hash (Bitcoin block 558,653)
4) having an astronomically high starting difficulty (22x larger for block 1 than for block 61)
5) having the same block subsidy at launch as at any later time.
The first mined block took well over an hour, and the average block time in the first day well over its 1 minute target, with the mining rewards on that first day amounting to less than 0.0024% of the soft total supply.
Clearly nobody had any advantage at launch. Neither the creators, nor the miners.
Grin is still a thing. They still have a small but active community and developers that are working. The overall crack on privacy based coins had an effect on the price and adoption of GRIN coin on exchanges and among people. Grin rose to a high price where there was hype about the privacy coins but has now settled in a much lower price range which actually is the natural price for it. It could still be a good coin to invest in as the hype on privacy focused coin may return.
Biggest problem with Grin is its inflation, very high inflation. It is affected by general break down on privacy coins but it bas its own problems.In first several years, Grin coin is very inflationary and it is very natural to see its price affected by this. It seems the coin supply curve will enter a flatter area next two years.
Inflation will ensure a general downward price trend for at least the first year, I'd expect, and it becomes sort-of reasonable only after 4 years. Will grin survive that long? Not sure. If you think it will, then it might make sense to buy grin at very cheap prices in its first few years, and this thinking could perhaps stabilize the market somewhat.
Grin inflation rates
Grin inflation rates
| Year # | Yearly monetary inflation rate |
| 1 | 36500% |
| 2 | 100% |
| 3 | 50% |
| 4 | 33% |
| 5 | 25% |
| 6 | 20% |
| 7 | 17% |
| 8 | 14% |
| 11 | 10% |
| 21 | 5% |
| 34 | 3% |
I started mining grin on a gpu about a year ago, and now I have five g1 minis running. The thing I love most about grin is the supply curve and the distribution in general. There is no more fair launch in cryptocurrency, not even bitcoin, and it's not even close. Besides that it is more lightweight than bitcoin and more private.
I think you're wrong here. While I don't have infomation about Grin, I regularly use an exchange service (exch.cx) which publishes the reserves of all coins they listed in real time, and often their Monero reserves were depleted in the last months. The company even increased fees for Bitcoin -> Monero transfers, but not the other way around and not for other coins. This is, in my opinion, an indicator that privacy coins (in this case Monero) do have a lot of demand.
The problem in my opinion is more that privacy coins have been removed by some high-profile exchanges. This means that a big part of the "average Joe" cryptocurrency users, above all those that use cryptos for speculation, can't buy them anymore (remember that in most exchanges you have to register and do KYC/AML stuff, so many people probably won't register on another exchange only because there's one coin missing). In other words the barrier to invest in privacy coins is getting higher and higher. This also may mean that less crypto influencers will talk about privacy coins, reducing "speculative" demand further.
Taking into account this fact I think that Grin's price is evolving quite positively (see the charts above).
The problem in my opinion is more that privacy coins have been removed by some high-profile exchanges. This means that a big part of the "average Joe" cryptocurrency users, above all those that use cryptos for speculation, can't buy them anymore (remember that in most exchanges you have to register and do KYC/AML stuff, so many people probably won't register on another exchange only because there's one coin missing). In other words the barrier to invest in privacy coins is getting higher and higher. This also may mean that less crypto influencers will talk about privacy coins, reducing "speculative" demand further.
Taking into account this fact I think that Grin's price is evolving quite positively (see the charts above).
One thing is certain and that is demand for privacy coins is low compared to the rest of the pack. Without support from big exchanges, privacy coins will have little-to-no mainstream exposure. Like you said, the "average Joe" won't be able to speculate on privacy coins because of this. Perhaps, it's a good sign for privacy-oriented crypto projects to focus on development/innovation instead of hype.
Despite the fact that privacy coins are scarce, most of them are still being actively maintained and developed by the community. It's likely GRIN will survive alongside Monero for generations. As long as it stays decentralized, nothing else matters. Who knows what surprises we'll find in the long run?
Every privacy coin will be crushed by governments around the world because governments don't like privacy. They like control. It is a personal opinion about things. Grin is a privacy coin and governments will do everything to stop blockchains like this. I am not very optimistic about Grin even though I like the project a lot and they have received significant BTC donations before. I hope that I am wrong and that privacy is going to be built in as a must-have feature in crypto.
If the coin has been in the ecosystem from ages of days and till now the coin (GRIN) is still have this value of $0.08918 from Coingecko then the coin is still doing well though it is not popular like Monero coin which is also rating as $167.38. Monero is also doing well in the cryptocurrency ecosystem space. And from the way I see GRIN, it will be good for a long term investment because the price as it is, it is not too bad to invest. Not all the coins can survive to this time and for it to stay in the ecosystem in a low key with much people knowing it then once the marketing strategy is high and people know it more then it will do well.
Any altcoin that stays in the ecosystem for five years plus then there is hope to survive in the space. And really poor marketing strategy also affects the growth of a project in the space because if the project is not constantly advertised for people to see and use then it would be a forgotten project for all probably because it is not active or floating for people to see. And really the privacy of cryptocurrency has been tempered by governments so the absolute PRIVACY of cryptocurrency is doubted now.
Any altcoin that stays in the ecosystem for five years plus then there is hope to survive in the space. And really poor marketing strategy also affects the growth of a project in the space because if the project is not constantly advertised for people to see and use then it would be a forgotten project for all probably because it is not active or floating for people to see. And really the privacy of cryptocurrency has been tempered by governments so the absolute PRIVACY of cryptocurrency is doubted now.
There's not much interest in privacy-preserving technologies
I think you're wrong here. While I don't have infomation about Grin, I regularly use an exchange service (exch.cx) which publishes the reserves of all coins they listed in real time, and often their Monero reserves were depleted in the last months. The company even increased fees for Bitcoin -> Monero transfers, but not the other way around and not for other coins. This is, in my opinion, an indicator that privacy coins (in this case Monero) do have a lot of demand.The problem in my opinion is more that privacy coins have been removed by some high-profile exchanges. This means that a big part of the "average Joe" cryptocurrency users, above all those that use cryptos for speculation, can't buy them anymore (remember that in most exchanges you have to register and do KYC/AML stuff, so many people probably won't register on another exchange only because there's one coin missing). In other words the barrier to invest in privacy coins is getting higher and higher. This also may mean that less crypto influencers will talk about privacy coins, reducing "speculative" demand further.
Taking into account this fact I think that Grin's price is evolving quite positively (see the charts above).
At the beginning of my crypto journey, I remember Grin coin gaining attention, being considered the new Bitcoin with unknown developers, and so on. However, currently, there is no news about the Mimblewimble technology or the project overall. It seems the project has lost relevance, possibly due to poor marketing or user experience.
I also heard a little about this coin, but the marketing saying "next bitcoin" is ridiculous because everyone knows there is no coin that will compete with bitcoin. I don't know how this coin is doing now, maybe the PI coin is today's GRIN coin At the beginning of my crypto journey, I remember Grin coin gaining attention, being considered the new Bitcoin with unknown developers, and so on. However, currently, there is no news about the Mimblewimble technology or the project overall. It seems the project has lost relevance, possibly due to poor marketing or user experience.
There's not much interest in privacy-preserving technologies thsse days. Most people are only focused on centralized "shitcoins" (Solana, XRP), NFTs, and "meme" coins. Why would they care about privacy coins that are often "demonized" by mainstream governments? The least people want is get into trouble.
Besides, most people claim they "have nothing to hide". It's why privacy coins like GRIN and Monero are widely unpopular these days. Litecoin even went as far as adopting GRIN's "Mimblewimble" privacy technique to no avail. The vast majority of LTC users don't use such feature. We should expect GRIN to further decline in value until it becomes history. At least we know the GRIN blockchain won't be going anywhere soon. As long as miners and nodes support the network, nothing else matters.
It has a lot of coins in circulation and they keep increasing, which makes some people worry about its value and scarcity.
Grin has 903 times fewer coins in circulation that Doge while increasing 167 times slower, which makes Grin orders of magnitude scarcer than Doge.Quote
It has some security and scalability issues that need to be fixed.
Grin is the most scalable coin in existence, leaving a footprint of only about 100 bytesfor a historical transaction, while Bitcoin leaves about 400 bytes and Monero/Zcash leave over 2000 bytes.
Quote
It has a more stable and predictable supply and inflation rate, which makes it more attractive as a store of value.
This is laughable in the extreme. Grin is one coin per second forever, the most stable and predictable supply rate possible. Monero's supply curve is so complicated that you need to compute it block by block to figure out the supply at some height. This is further complicated by a change in block interval at some time in history. Only since its recent tail emission did it get less complicated and almost as simple as Grin.Quote
It has more features and innovations that enhance its privacy and security, such as Ring Signatures, Stealth Addresses, Bulletproofs,
Of these, Grin only lacks Ring Signatures, which does make Monero much harder to trace, but also makes its chain much more bloated (20x larger footprint per historical tx).Quote
and RandomX.
A super complicated PoW that's expensive to verify, compared to Grin's simple Cuckatoo32+ that can be trivially verified. Yet it requires >= 1GB to mine.Quote
Both GRIN and Monero have their pros and cons, and they are not directly comparable. It depends on your personal preference and risk appetite which one you want to invest in.
Neither is meant for investing in.Some articles with accurate comparisons between Grin and Monero:
https://phyro.github.io/grinvestigation/why_grin.html
https://www.reddit.com/r/grincoin/comments/mu88ow/comment/gv6dddu/?utm_source=reddit&utm_medium=web2x&context=3
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