Topic: Is GRIN still a thing? - page 4. (Read 1544 times)

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.

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.

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.

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).

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 

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.

Grin has 903 times fewer coins in circulation that Doge while increasing 167 times slower, which makes Grin orders of magnitude scarcer than Doge.

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.

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.

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).

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.

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

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

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.

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.

Grin is one of my favourite low-cap coins 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)

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.

You must not have been reading the Grin Forum at https://forum.grin.mw/

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.

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.

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

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 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.