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Topic: Is GRIN still a thing? - page 4. (Read 1424 times)

member
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January 29, 2024, 09:12:32 AM
#55
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  Cheesy
legendary
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January 29, 2024, 06:37:04 AM
#54
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. Cheesy
legendary
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January 29, 2024, 03:29:37 AM
#53
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.

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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 bytes
 for a historical transaction, while Bitcoin leaves about 400 bytes and Monero/Zcash leave over 2000 bytes.

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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).

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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.

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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
sr. member
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January 28, 2024, 09:41:04 PM
#52
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. Smiley
I personally had no prior knowledge of Grin Coins. But I hope I don't miss the mark when I find out. So allow me to ask whether the GRIN in question is this one GRIN (https://coinmarketcap.com/currencies/grin/)

If true, then it seems that this coin has begun to be forgotten. Even their ranking in cmc has reached rank 1000. But fortunately not everyone has forgotten about it because in terms of trading volume they are still ranked 734. After I read how this coin works. I think someday this coin will get some attention again. As long as their team is still active enough in developing and interacting with their community again

But unfortunately I see they are not very active. In fact I saw their Twitter made a post last time in 2022 and it wasn't good at all.


Sourch: https://twitter.com/grin_privacy
hero member
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January 28, 2024, 09:31:19 PM
#51
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. Smiley

Mimblewimble is a cool way to make transactions private and anonymous on the blockchain.
GRIN is a coin that uses Mimblewimble, but it has some problems like:
It’s hard to use for normal people because the wallets and interfaces are not user-friendly.
It has a lot of coins in circulation and they keep increasing, which makes some people worry about its value and scarcity.
It has some security and scalability issues that need to be fixed.
Monero is another coin that focuses on privacy, but it uses a different approach than Mimblewimble. It has some advantages like:
It’s more popular and widely used than GRIN, which gives it more network effect and liquidity.
It has a more stable and predictable supply and inflation rate, which makes it more attractive as a store of value.
It has more features and innovations that enhance its privacy and security, such as Ring Signatures, Stealth Addresses, Bulletproofs, and RandomX.
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.
sr. member
Activity: 1188
Merit: 251
January 28, 2024, 12:54:26 PM
#50
I don't think grin will return to what it used to be, when other coins have increased, grin has not increased at all.
even though the market is in good condition.
I think other new privacy coins will be used if indeed coins like that will boom again.
legendary
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January 28, 2024, 12:11:02 PM
#49
Grin is one of my favourite low-cap coins Smiley I think it still ranks highly among those who priorize real technological advancements over short term hype and technobabble. And I generally agree with @tromp's and @oryhp's posts. The emission schedule is only a disadvantage if you look for short term profit. It also doesn't mean that the coin will have "eternal inflation", because inflation rate will go down over time, only much slower than in the case of Bitcoin, Litecoin, Monero etc. but rather similar to Doge, which is itself an example that even a "highly inflationary" coin can rank quite high.

However, it shouldn't be forgotten that there was an 51% attack attempt on the blockchain in 2020. I don't remember if the attack was successful, i.e. if coins were stolen (like in the BSV attacks), but the fact a reorganization by a miner group took place was likely one of the reasons why it has lost a lot of ground as people for sure feared the blockchain was "unsafe".

The current price evolution however looks quite good. Grin has recovered from a bear market in early 2023 and has about doubled in price in the last 3 months:



(orange is the price in BTC, and light blue the price in USD)
legendary
Activity: 3346
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January 27, 2024, 06:34:03 AM
#48
I remember theymos ever so slightly shilling it on this very forum. I actually started buying it in the hope that it was the next big thing. Its all time high was 5 years ago, it crashed hard & has never recovered. It’s done nothing for years, it’s a dead project sadly. It was worth throwing a few hundred bucks in early on though, incase it exploded. It’s a dead project though now.
legendary
Activity: 990
Merit: 1108
January 27, 2024, 02:44:56 AM
#47
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.
You must not have been reading the Grin Forum at https://forum.grin.mw/
full member
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January 26, 2024, 09:18:03 PM
#46
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.

Yes. It was launched in 2019. I don't think that will happen and it won't be an obstacle for users if they want to buy it. I see that the price has great potential and is starting to rise and the movement is also starting to look good.
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January 26, 2024, 03:11:32 PM
#45
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.
legendary
Activity: 990
Merit: 1108
January 19, 2024, 05:05:36 PM
#44
I hope GRIN stays a PoW coin forever.
Not only will Grin stay PoW forever (the memory hard and instantly verifiable cuckatoo32+),
but it will also stay, since the time of launch, the ultimately fair

1 Grin per second forever
legendary
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January 19, 2024, 04:25:02 PM
#43
Grin is surely still a thing.

But unfortunately, gamblers estimating projects in terms of hype and money making (or loosing) not in terms of tech innovations, though it's hard to understand for non techy people which project is truly innovative among the ocean of shitcoins and scam coins.

Grin is the only altcoin which adds something interesting to Bitcoin and complements it, without sacrificing on security or decentralization.

Grin adds enhanced privacy and more scalable blockchain comparing to Bitcoin, with the tradeoffs of interactive transactions and non auditable coin supply (though the cryptography verifies no extra coins minted).

Grin itself is innovative and doesn't need to hype around adding new "features" just to satisfy gambling behavior of the masses.

The development is still ongoing, AFAIK, the most interesting feature is mwixnet, which is going to break linkability in transactions graph and put Grin into the fully privacy coins league, competing with Monero.

But the most exciting feature of Grin coin is ONE GRIN PER SECOND FOREVER. The most fair launch, without early users advantage, same distribution rate for all no matter when you joined the network. Even Bitcoin can't compete with that. The more time past, the more Grin become valuable due to fair distribution.

I guess development for the project is still happening behind the scenes. I like GRIN because it's not an overhyped project like Ethereum and Solana. Perhaps, that's the reason why market prices haven't been rising that much lately. If the network stays alive, there would be nothing to worry about. Decentralization is all that matters for GRIN to be able to stand the test of time.

I hope GRIN stays a PoW coin forever. After all, PoW is becoming a rarity these days. We should expect further de-listings for GRIN because of its privacy features. Maybe it will end up being traded at DEXs and P2P exchanges in the long run? No one can predict the future, so lets hope for the best. Grin
jr. member
Activity: 139
Merit: 6
January 18, 2024, 05:44:49 AM
#42
Grin is surely still a thing.

But unfortunately, gamblers estimating projects in terms of hype and money making (or loosing) not in terms of tech innovations, though it's hard to understand for non techy people which project is truly innovative among the ocean of shitcoins and scam coins.

Grin is the only altcoin which adds something interesting to Bitcoin and complements it, without sacrificing on security or decentralization.

Grin adds enhanced privacy and more scalable blockchain comparing to Bitcoin, with the tradeoffs of interactive transactions and non auditable coin supply (though the cryptography verifies no extra coins minted).

Grin itself is innovative and doesn't need to hype around adding new "features" just to satisfy gambling behavior of the masses.

The development is still ongoing, AFAIK, the most interesting feature is mwixnet, which is going to break linkability in transactions graph and put Grin into the fully privacy coins league, competing with Monero.

But the most exciting feature of Grin coin is ONE GRIN PER SECOND FOREVER. The most fair launch, without early users advantage, same distribution rate for all no matter when you joined the network. Even Bitcoin can't compete with that. The more time past, the more Grin become valuable due to fair distribution.

legendary
Activity: 3220
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January 16, 2024, 05:34:11 PM
#41
You must have meant mixers, not miners. The forum does not have anything against miners. Grin

We actually don't have to wait for regulators to go against privacy coins for the forum to stop accepting GRIN. The admin has already done it a few years s ago. Unfortunately, it's mainly GRIN's unpopularity that's the reason. The payment code for GRIN needed fixing but since it isn't really a popular payment option by users here, the admin didn't bother putting it back.

GRIN is probably better than thousand others in the crypto ecosystem, so there might come a time when it gains more popularity if somebody takes over the project and gets busy with development and adoption.

Yes, that's what I've meant. With mixers being heavily-scrutinized by mainstream governments, we should expect things to get worse in the long run. Privacy coins like GRIN and Monero are not immune from government prosecution. They can face de-listing from other CEXs as pressure mounts over time. A pity, because I liked GRIN a lot. It could've been a good XMR contender in the long run.

With development progress stalled (AFAIK), it should only be a matter of time before GRIN becomes a relic of the past. Same goes for BEAM. Monero seems to be the most actively-developed privacy coin to date, despite the aformentioned shortcomings. If it's de-listed from every CEX, there will be no Fiat on/off ramps except through P2P exchanges (or face-to-face). It'll be a dark future ahead for GRIN and similar coins. At least, it was "fun" while it lasted. Sad
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January 16, 2024, 04:59:14 PM
#40
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. Smiley
If we look at how successful Grin was in the past and also his current condition, it's quite sad. Actually, the project is still ongoing and I see that their community is still active. However, to return to the conditions at that time, especially to reach the ATH again, it really requires a very wild effort and it may not even be easy to happen. Because the price difference is very drastic. There have been many projects that have had a fate like this and the chances of it coming back are very small even if the project continues to run. In this case, to continue to survive and remain in the market and have a market cap that is still ongoing is already good enough development. However, to return to the way it was before and reach ATH again, this will be very difficult.
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January 16, 2024, 03:18:53 PM
#39
I'm confused why we're trying to guess what happened. Grin had open communication channels way before it launched so everything's publicly available. Much better than just sharing our unsubstantiated opinions would be to take the time to read these channels or ask someone that knows.
member
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January 16, 2024, 10:51:00 AM
#38
I think its done and dusted. There can be more then one reason for that, marketing the most important one. But there are so many currencies coming up each day, that alot of coins, even the quality one are bound to go that path and only the ones marking all the check boxes survive. And luck is also one of those check boxes.
legendary
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January 16, 2024, 10:22:25 AM
#37
- Many other cryptocurrencies that offer similar features to Grin. This may make it difficult to distinguish Grin from these coins.
Grin easily stands out from the tens of thousands of other blockchains in being

1) the ONLY one with a fair emission: every generation gets the same share of supply

All else being equal, later generations would prefer to adopt a blockchain that hasn't already
handed out nearly all supply to earlier generations.

2) the ONLY one focussing on simplicity and elegance in design.

See https://bitcointalksearch.org/topic/--5309951
hero member
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January 16, 2024, 08:09:36 AM
#36
I still remember it with the mimblewimble. With all of the transactions that are happening in the privacy protocol projects, it's just sad that we get to see that the government is too strict with these types. During the launching of it, a lot have been optimistic on Grin and I think that there's also another project that have became popular together with it but I barely remember what that project is.
Many of us in the forum does, because AFAIK it was also being highlighted here as one of the payment methods when availing a copper membership but IDK what really happened on why it was discontinued. I won't say it's because governments are strict with it since we support decentralization here.

But, I think it's because it didn't get enough impression for the many so its volume got lesser, which makes it not suitable anymore as a payment method. There are always new projects that came out. And some can copy the others when they think that project is starting to get popular. I'm not talking about the meme coins here. No wonder why you can't remember that other project anymore.
With the lack of information on the reason for its discontinuation and development, it all leads us to make speculations. But as we can see, privacy coins have not gotten much attention in the community, they are not after privacy coins but for profit which is why they choose projects that are known and highly volatile coins. Until these days, only Monero has gained sustainability and market demand while the other privacy coins have gone too fast after their launching. Not really a good thing to see but can't stop people from being practical.

Just imagine that meme coins gain so much hype and market attention despite the fact that they don't have a use case.
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