Topic: Is GRIN still a thing? - page 5. (Read 1084 times)

I agree with this. Grin is one of those rare projects that takes time to get off the ground. It goes "all-in" on simplicity and fairness, even more so than Bitcoin, which we all love and support. Perhaps the most unique feature of them all is the monetary policy, which not only ensures a fair distribution over decades, it also mimics time. From what I can tell, it's the closest to a "time is money" experiment we've been able to create, and it's the supply following time that creates a slow start. Unfortunately, there's no way around it (unless you have a time machine), but this also means very few projects will try such experiments. It's not a "privacy coin", but rather a monetary experiment vastly different from Bitcoin's that might be worth bringing to life. The community is indeed small today, but also quite different from what you'll see in other projects. I can't recall when I've seen people talking about getting rich with Grin and that's a good thing. Grin will be celebrating its 5th birthday soon, so if anyone wants to show some love, come blow a candle on the forums on January 15th.

As a general suggestion for those who enjoy commenting, it's often wise to share our thoughts only on topics we are knowledgeable about. There is already an abundance of misinformation circulating, so let's try to not add to the noise with additional uninformed opinions.

That project is a failure and the developer/s can't provide their promises. Many of these privacy projects are good through their words but the application seems too far from what we want to expect and what happens to Grin would simply mean that privacy coins gaining less attraction to the investors. These days, investors are not looking for privacy coins anymore and it was not their big concern, they are looking for projects that would give them profit. That is why privacy coins are losing their trend and dumping. It was uncertain to see them recovering, less chances as per see.

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.

Grin uses very little power; not even 0.02% of the power that Bitcoin does.
You could power Grin from just one windmill.

Grin had a lot of promise early on because of its privacy and scalability. Launching it before there was a proper GUI wallet was a mistake. Not having any addresses was confusing and one of the ways in which it could be transferred was by sending it to an IP address. Deanonymizing users via their IP address is completely contrary to what you would expect from a privacy coin. There was a lot of funding behind it. From the start, the supply became centralized because large investors owned most of the hashpower. This excluded average users from mining and made the fair launch aspect meaningless.

After all these early issues I stopped paying attention to it. There are other blockchains working on privacy, either directly onchain or through external protocols, so Grin has lost its early mover advantage and it'll be difficult for it to recover.

PRivacy coin would die if the government keep pushing and grin is PoW and using lot of power there will be a people who don't like it because the environmental and bla bla bla.

Privacy coin hate by the government and CeX should follow the rule. But if the community and the developer still active this coin not gonna die

after I check CMC the coin still there with couple of Cex listing

A thing you call it? GRIN is an important altcoin in the market even the existence of the coin won't reach decades and in coming years. GRIN is one of these numerous altcoins in the market, and there's one thing I want to put out straight, all altcoins have holders and these investors are hoping that one day, the altcoins they're holding will shoot the moon with heavy long candles in the chart. I know we don't sit in the position to know everything in the system but there are certain sectors of crypto that ought to be understood because it's ultimate and important.

I completely forgot about that coin.  I remember when they came out and mimblewimble was all the latest rage.  There was another coin that was it's competitor I forget it now but the 2 of them ran in price so quick.  People said it was gonna change the world and here we are it's just another crap coin lime the rest of them. 

But Grin is not a privacy coin. It's not focussed on privacy. It's focussed on simplicity [1].
In fact it's the only coin with that focus, so it's in a class of its own.

Just like its emission is in a class of its own, with 1 Grin per second forever.
Every other coin, without exception, confers a big advantage to early miners (or worse, to the coin creators) at the cost of later generations. Such coins will be frowned upon by those later generations.
Grin is the only coin that's fair to later generations. So again in a class of its own.

Grin has always been in the top 25 of PoW coins [2], so it's not in need of resurrection.

Grin is also quite young emission-wise; it has only emitted 5% of its soft total supply [3].
In 20 years it will be where Bitcoin was after just 2 years; at 25% of emission.
So it's still early days for Grin...
 
[1] https://bitcointalksearch.org/topic/--5309951

[2] https://www.f2pool.com/coins

[3] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153

The more exchanges de-list the coin, the lower mainstream exposure it will have. I guess that's the case with GRIN and other privacy coins. Monero may be the most popular privacy coin on the market, but it's also suffering from reduced liquidity/mainstream adoption because of CEXs' decisions. We can blame mainstream governments for this. Slowly but surely, GRIN's popularity will fade away until it becomes history. A pity, because this coin had an innovative approach to privacy. It would've made a great XMR competitor in the long run. BEAM is also in the same boat.

With privacy coins being a rarity these days, it's likely Monero will be the only one that will survive in the future. I'm yet to see whenever GRIN can be traded for another coin at a DEX or P2P exchange. It's virtually a "ghost". At least, the code is open source. Maybe someone else will "resurrect" it?

GRIN is not yet a thing.

At least not for the people in this forum that care more about high marketcap and breaking ATHs than about fundamentals like simplicity and fair distribution. But those fundamentals will make GRIN outlive most other altcoins, so who knows... GRIN could be considered a thing here in a decade or two.

There is no room for the privacy based coins in the regulated trading platforms so called centralized exchanges and most of the coins have been delisted already and even Monero is at the verge of getting delisted from Binance and it won't take too long from now on to get delisted from there.

I knew the GRIN and it became quite popular especially in the forum when theymos announced as a mode of payment to buy membership but later the fire went down and it never bounced back.

not sure if this is still a thing now. BEAM i guess rocketed lately which is quite a good indication, these two were always been compared.

if i remember correctly Theymos supports this coin and the forum accepts GRIN for membership. i bought some of this coin and stored it on Ironbelly, completely forgotten it for years. i have to dig some files to recover the keys.

How can this privacy coin become a thing when it's only listed on a handful of centralized exchanges. It's also weird that the top volume in the last 24 hours is coming from a CEXs with the lowest ratings. The trading volume could be fake. Who knows if it will be one of the privacy coins that will be resurrected.

You were already around when the admin announced Grin will be accepted as for forum payment. Open the topic link posted by SquirrelJulietGarden

This is the first time I have heard of this coin and I spend a lot of time familiarizing myself at least with a lot of altcoins so me and a lot of other people not recognizing this might mean that it is truly dead or at least close to

A lot of altcoins usually after reaching their ATH gets a hard time reaching it let alone breaking it so it is not that impossible to say that a coin that is almost forgotten will probably not get a new ATH anymore

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.

At the same time, there is BEAM, but I still like GRIN more in terms of decentralization. But for speculation, imo private cryptocurrencies are still worth watching. It is conceivable that in the future there will be a lot of intervention from the centralized system on censorship and legal issues. There will be times when privacy trends are noticed again. But after all, it is an investment, and accepting possible risks, I think there is no problem at all.

As you said, it's been a long time since I followed it, but I've kept a small amount of GRIN for a long time, and I'm very happy to have witnessed its launch from the early days until now someone repeats it.

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.

Governments will look at Monero first because if Bitcoin is a King of cryptocurrency market. Monero is a King of Privacy coins and if governments want to break down privacy coins, they will aim at Monero first. I don't feel fearful about risk for GRIN as it will not be first target of government.

Grincoin used to be accepted as a payment method for Copper membership.

grin is now accepted for forum payments

And if my memory serves me right, it was also at least promoted by our admin here as it was accepted for forum payments. However, it was stop in 2021 and up to now, it's no longer being accepted.

Perhaps with this news, it's no longer a thing, although if you look at the Github repo: https://github.com/mimblewimble/grin

There is still some movement months ago and it is still being developed, but there's need a lot left to be done here.