Is GRIN still a thing? - page 6. | Bitcointalksearch.org

jrrsparkles

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Quote from: Yogee on January 05, 2024, 10:33:06 AM

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.

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.

electronicash

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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.

Yogee

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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.

Quote from: btc78 on January 05, 2024, 09:56:15 AM

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

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

btc78

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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

SquirrelJulietGarden

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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%

bluebit25

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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.

tsaroz

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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.

SquirrelJulietGarden

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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

Yaunfitda

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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.

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.

Yamifoud

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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.

Well, with their lack of marketing strategy, how would this project gain attraction? The developers no longer expect progress and adoption and yeah, they'd rather expect people will ignore it. In fact, even though Monero has a name in the crypto space, still only a few individuals are using this. This simply means that people are not looking for a privacy project but instead, they are in crypto looking for something BIG fish that gives them HUGE rewards as well.

GRIN is nothing, that is harsh but that is what we saw. Meme coins are even better and more interesting than this project.

Churchillvv

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I don't really know what is the faith of the token but I believe it has become a 91% fallen crypto that might not come back to it's ATH. Grin has recorded $14 ATH but has not been able to return to half of the ath till date instead it has been heading downward to $0.08 in coinmarket.cap with this price I don't think it can be back as tokens like Monero has taken it's position in the crypto space.

The last hit that got GRIN to this situation was the 51% attack by miners whose identities where unknown and their took over 57% of the GRIN network and I believe it lead to it's last fall in price, you can check coindesk to read more about the attack.

OP, how do you really know about this tokens? your have been strange this days lol Wink

Cvetik56

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Never heard of it. But due to lack of news about it and its charts it seems like it's dead, or really close to that state.

Adbitco

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

Was this a result of poor marketing/promotion efforts? Or a lack of user experience?

Some of this can be lack of development, including lack of awareness across the cryptospace just as you already said..
Sincerely the name sound so strange to me I can't really recall if i have came across such project before or not, and maybe let just say people's attention has been shifted to the latest happening especially nowadays people are looking for a project that could give them some x value they wanted within the next few months. Nobody wants to invest in a project that is not giving them any profits moreover when investors already made their profits they ought to channel their efforts to other project that could possible give them triple of what they have invested IMO.

Abiky

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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.

Topic: Is GRIN still a thing? - page 6. (Read 1406 times)