Is GRIN still a thing? - page 3. | Bitcointalksearch.org

jwinterm

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Quote from: o48o on March 16, 2024, 01:41:55 PM

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.

o48o

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Quote from: Abiky on January 05, 2024, 06:31:58 AM

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".

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.

jwinterm

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Quote from: Keremgor on March 16, 2024, 08:51:44 AM

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

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.

Keremgor

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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

jwinterm

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Quote from: MemurKafasi on March 13, 2024, 12:07:38 PM

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.

MemurKafasi

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Quote from: tromp on March 12, 2024, 02:36:30 PM

Quote from: Keremgor on March 12, 2024, 01:19:46 PM

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 ?

tromp

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Quote from: Keremgor on March 12, 2024, 01:19:46 PM

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.

jwinterm

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Quote from: Keremgor on March 12, 2024, 01:19:46 PM

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.

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 Cheesy

) - what else?

Keremgor

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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.

jwinterm

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Quote from: MemurKafasi on March 12, 2024, 09:57:59 AM

Quote from: jwinterm on March 12, 2024, 07:22:46 AM

Quote from: MemurKafasi on March 12, 2024, 05:51:11 AM

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. Grin

İt is shame. Huh

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 Grin

MemurKafasi

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Quote from: jwinterm on March 12, 2024, 07:22:46 AM

Quote from: MemurKafasi on March 12, 2024, 05:51:11 AM

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. Grin

İt is shame. Huh

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.

jwinterm

legendary

Activity: 3164

Merit: 1118

Quote from: MemurKafasi on March 12, 2024, 05:51:11 AM

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. Grin

İt is shame. Huh

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.

MemurKafasi

newbie

Activity: 10

Merit: 4

Quote from: tromp on February 02, 2024, 03:46:51 AM

Quote from: jwinterm on February 01, 2024, 06:26:45 PM

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 ?

MemurKafasi

newbie

Activity: 10

Merit: 4

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. Grin

İt is shame. Huh

tromp

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Merit: 1108

Quote from: jwinterm on February 01, 2024, 06:26:45 PM

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.

jwinterm

legendary

Activity: 3164

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Quote from: SquirrelJulietGarden on January 05, 2024, 09:33:46 AM

Quote from: tsaroz on January 05, 2024, 09:23:11 AM

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.

Quote from: theymos on January 16, 2019, 01:06:15 PM

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

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.

Abiky

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Quote from: d5000 on January 29, 2024, 10:12:02 AM

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).

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? Grin

Arvydas77

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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.

Mate2237

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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.

d5000

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Quote from: Abiky on January 29, 2024, 06:37:04 AM

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).

Topic: Is GRIN still a thing? - page 3. (Read 1424 times)