Very interesting rise in price and volume (as well as hashpower 
).
Not in concert with much of anything else...
Not really huge yet, but some of the highest volume on an upswing in months.
Thoughts?
).Not in concert with much of anything else...
Not really huge yet, but some of the highest volume on an upswing in months.
Thoughts?
I was sitting there watching the last dump before the rise and had a bid in at .012251 IIRC and it dropped right to my bid and never touched it before shooting up. It was like going to a strip club.
I think those that were waiting on Grin realize it is years away and are trying to quietly get back in.
Grin is amazingly cool. But there are SEVERAL issues that mean it is not a replacement for Monero or Bitcoin.
1. New tech, new implementation. Unproven.
2. Difficult UX (remember when Monero was only for "geeks"?)
3. Diametrically different emission to BTC. And even though XMR has the tail emission which is hated by 21MM purists, Grin's version is even more anathema for them.
4. Monero is still best in class privacy. Period.
I think #4 is where Monero needs to continue to push development. Along with scaling improvements that is really what is important. Monero's privacy is the only real reason for it to exist at all in my humble opinion.
To be honest I am wondering if MW is better as a sidechain on BTC/XMR than as a base layer... but I have not spent as much time analyzing that.
That is a good question and While I would think having Monero as a base layer will not allow (as much potential) leakage and keep the privacy safer I'm not sure if the trade off for bitcoins security of chain is a better option. So basically, Idunno either.
