Topic: Is GRIN still a thing? - page 5. (Read 1406 times)

It's obvious that Grin has unique features and that it was considered revolutionary when it was launched in 2019. But it is clear today that it is going through considerable challenges that are difficult for it to deal with.

In my opinion, the most prominent of these challenges are:
-The Grin development team is relatively small compared to other cryptocurrency development teams. This may lead to slower development and the emergence of a lot of unexpected errors.
- There are still a few real applications that use Grin. This is because the coin is relatively new, and its community is still small.
- Many other cryptocurrencies that offer similar features to Grin. This may make it difficult to distinguish Grin from these coins.
- Lack of awareness of the currency and this is due to lack of marketing.

If Grin can overcome these challenges, it could have a promising future. However, making this happen requires a significant effort from the coin's team and community.

I'm afraid that's not the philosophy behind Grin. Features add complexity and there's a sea of projects whose focus is nothing but continuous adding of something so that people can hype themselves up around the next "revolutionary" thing. Grin will likely remain what it is today, just like Bitcoin. And while it does have a much better privacy than Bitcoin due to confidential transactions, it's not about maximizing privacy coin at all cost. Mimblewimble is good at achieving a lot with very little complexity. It would be a shame to throw away the simplicity and elegance of this design just to inject a short term dopamine rush into speculators.

It's Grin's 5th birthday. 

You must have meant mixers, not miners. The forum does not have anything against miners.

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.

The forum admin took the decision to ban mixers out of fear from government prosecution. If regulators go against privacy coins, you can bet GRIN will be removed from the forum ASAP. The cryptocurrency's days are numbered. Just like BEAM, Monero, and the likes. I guess that why GRIN is very unpopular these days (aside from a poor marketing/promotion strategy). There hasn't been any innovation on the project so far (as far as I know).

With a limited number of exchanges and low demand, it's likely GRIN will fade away into oblivion. The source code and the core blockchain network will still be with us, though. What's stopping someone from reviving it in the future? As long as decentralization is put first, nothing else matters.

I think GRIN remains functional therefore still a nice alternative. But it definitely is not as relevant as before. I remember when theymos even accepted GRIN for payments in the forum. It was not expected, both theymos' decision and the choice of altcoin. But that the main administrator chose it for being a real crypto project or legit innovation as compared to the thousands of others that are merely copies of each other and mostly scams, it speaks volume about GRIN.

GRIN is definitely not a complete bust but I think it's not really a good long-term investment unless its promotion is improved and its usage widened.

I believe that the lack of development is the main factor for the decline of this currency, including advertising, despite the advantages it has. After the forum administrators decided to add the Grin payment feature to purchase Cooper membership, I was surprised after years that the number of those who registered using that feature was very small.

The success of Grin depends on two factors:
- Launching new features: If Grin team can add new features that attract users, it may be able to reverse the current trend.
- Increased interest in privacy: If interest in privacy increases in the world of cryptocurrencies, this could also be beneficial for Grin.

One big factor I think was the government shutting down privacy coins and having them delisted on the exchanges. That might be one of the reasons why this project that once became popular in the forum became almost forgotten and no one remembers it. If it's not with the government tracking down projects like this, we've got a lot of privacy coins in the community wherein many would like to use.

If it's not a privacy coin, how come GRIN is using the "Mimblewimble" privacy technique? And I wouldn't say the project is focused on simplicity, especially when it has a steep learning curve. I've had trouble using the cryptocurrency after migrating from Bitcoin. After reading tutorials online, I was able to get ahold of it. For being a "young coin", GRIN is lacking behind others in terms of popularity and mainstream demand. With a low number of CEXs trading it, what more would you expect? The project had potential to become a "force to reckon with". But unfortunately, bad propaganda surrounding privacy coins have damaged GRIN's reputation.

Most people nowadays want centralized shitcoins with no "substance" behind them. You can see why coins like SOL, XRP, and even "meme" coins like DOGE and SHIBA are among the top ranks in market cap. GRIN was good while it lasted. At least, the code is open source. What's stopping someone from creating an improved version of it in the future?

I'm likewise just hearing about the Grincoin, for the first time in this thread, guess it had it's glory days before I ventured into cryptocurrency business. I know that to be relevant in the crypto industry, a project has to be up and doing, probably be coming up with new innovations to capture new investor interests and retain the ones that they have. Members are likening it to Monero, I guess that they share the same features, but Monero, is clearly far ahead of Grincoin, I hope that it's developers will come up with something new because we need more top coins to make choices from in the crypto market.

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.

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.

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.