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The Giants are leading this must win game. The NFC East winner might have the worst record in the NFL to receive a slot for the playoffs hehehe.
This is also the division where a record like the Washington Redskins still has a chance to go to the playoffs hehehehe.
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Everyone might be thinking that @notblox1's paypalcoin reply was a joke, however, it is really not. Paypal is similar to a one way sidechain. Every bitcoin you deposit to Paypal becomes a paypalcoin.
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To spread awareness and inform the ill-informed people lately like me on Grin development and news updates. The hoarding of bitcoin by institutional investors might be the perfect occassion for everyone to learn why fungibility and Grin's monetary policy might be the solution to mainstream adoption for decentralized peer to peer payments. tl;dr
Node has been patched to 4.1.1.
@lehnberg funding request approved.
Two wallet RFCs by @tromp
Grin v4.1.1 has been released, fixing a small bug.
Dev
There are 92 open issues in /grin, and 48 open issues in /grin-wallet.
Merged PRs: 8 in /grin | 2 in /grin-wallet | 4 unique contributors
Weekly update from @jaspervdm.
Call for ideas on how to improve the naming of transaction rounds.
New RFC proposals by @tromp:
Early payment proofs, generating and validating payment proofs for all transactions, including a timestamp and memo field;
Safe cancel, allowing for safe cancellation of pending transactions, preventing future so-called play attacks.
The next bi-weekly development meeting is scheduled for Tue Oct 13 @ 15:00 UTC in grincoin#general on Keybase. You can add topics to the agenda.
Governance
Simplify governance proposal will be merged on Oct 13 unless there are significant objections.
Last governance meeting approved @lehnberg funding request, tabled @WarmBeer QA funding request, discussed deprecating http(s), state of floonet, and did some RFC reviews.
The next bi-weekly governance meeting is scheduled for Tue Oct 20 @ 15:00 UTC in grincoin#general on Keybase. You can add topics to the agenda.
RFCs
Draft
Parallel IBD p2p messages [node-dev]
Wallet rules for (re)play protection [wallet-dev]
Eliminating finalize step [wallet-dev]
Parallel IBD [node-dev]
NEW! Early payment proofs [wallet-dev]
NEW! Safe cancel [wallet-dev]
Open
Change Difficulty Adjustment Algorithm [node-dev]
QA Team [core]
Deprecate HTTP(S) Transactions [wallet-dev]
Final Comment Period
fix-fees [node-dev], with disposition to merge by October 22 (extended).
simplify-governance [core], with disposition to merge by October 13.Source https://grinnews.substack.com/p/118-grin-411-released |
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@tromp. I am very much ill-informed and have not followed Grin and Aeon much closely after the quarantines began. I was also only asking about this announcement. Possible approaches
(come with your suggestions and I’ll update)
Return the funds to the anonymous donor
Burn the funds
Split funds to core team members and break up the band
Split funds between implementations
Open application process:
For funds with the purpose of having spent all of it before a certain point in time; or
For new “teams” to be formed, i.e. groups or individuals, each get an equal chunk of the funds and have to work in the best interest of Grin according to their best abilities.
Temp core teams, existing core team keeps the mu-sig keys but are not the core team any more. We have temporary core teams (say a new team every 6 or 12 months), that people somehow appoint, and they get a pre-determined amount to spend according to their best discretion, perhaps via filing a budget for it.https://forum.grin.mw/t/dismantling-the-core-team-and-governance-structure/7801I have not read the whole thread yet, but what is happening? |
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I would argue that if BTCe was really relevant in the cryptospace during that time, why was the bull market pump of 2017 not affected by BTCe's takedown?
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Having price exposure on bitcoin and not have the ability to use this will fuel it more to become only another speculative investment.
However, Paypal did mention that they will allow their users to spend their coins on where Paypal is accepted on 2021.
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I disagree. There are many people in the cryptospace that do not want or need anonymity and privacy. Mixers are a needed solution for some bitcoin holders, however, they should know that it is not perfect.
every human being both needs and wants privacy. anyone who claims they don't need it don't understand what privacy means until theirs is invaded then start their moaning about how the invaders wronged them! I agree from that perspective, however, I was telling the one who replied that many people presently do not need it or do not care to need it because most of them only use bitcoin as a speculative investment. It will come back to them and might cause them problems, however. |
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At the end of the day, the price shows the trend of Grin.
What was it, $25 or so, and now $0.30c
I wont take into account the ATH of over $250.
Lets be fair and say $25. Its also fair to say that to see $25 again is not going to happen.
Then use it rather than hodling. Grin is supposed to be like cash. Agreed! However, use it where? No one accepts it. There is not a gambling site, a store or an individual that likes to have it. We cannot scorn and tell people to use it. In any case, I am not updated on the news on Grin. Grin core developers disbanding? I thought Grin would have improved anonymity and privacy by this time. |
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@DrG. Also, the real issue of China as the source of the coronavirus are not being printed by the news anymore. I also have never heard of a Democrat that demanded an international investigation on China for the possibilty of causing this global pandemic.
China and Chinese companies will certainly be very happy on a Biden victory hehe.
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It appears that everyone who wants or needs anonymity and fungibility must begin to remove themselves from bitcoin and stop delegating their privacy to the owners and administrators of mixers.
soon they will wake up  I disagree. There are many people in the cryptospace that do not want or need anonymity and privacy. Mixers are a needed solution for some bitcoin holders, however, they should know that it is not perfect. |
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Unlimited generation won't stop people from storing bitcoins in an exchange, so I don't know how that would fix the problem.
Agreed. However, it is certainly a fix to avoid the danger and possibility it becomes 90% held in exchanges and only 10% left in control of the real owners. How would it avoid the possibility of 90% held in exchanges if it doesn't prevent people from depositing bitcoins in exchanges? And what exactly is the danger that you are referring to? It might not prevent all people from depositing to exchanges, however, it will discourage people from hoarding and keeping much of them in exchanges. It also prevents the exchanges from becoming similar to Ripple where they are holding and controlling most of the fixed supply of a currency after all coins have been mined. In any case, I know we can agree that this is not good. Where does most Bitcoin sit today? Roughly 60% of Bitcoin that is not lost is held by a licensed custodial service, or as FATF would refer to it, a Virtual Asset Service Provider (VASP). Most cryptocurrency exchanges would fall into this category, along with hosted wallets.Source https://blog.chainalysis.com/reports/bitcoin-market-data-exchanges-trading |
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ICO isn't dead and isn't alive at the same time, it's right in between to be honest, there is lack of trust from investors because of what happened to many ICO projects after 2017, everyone keeps saying ICO is not dead well after the successful fund raising of Avalanche project can you name another project that used ICO to raise fund and become successful like Avalanche? I guess not, one high quality project used ICO and raise big money doesn't clear the damages that ICO project bring to investors portfolio in 2018
I did not say ICO projects are not dead. I was trying to create an argument that the ICO as a fundraiser for projects in the cryptospace is not dead. Kik's ICO is an example on why it will never die. It collected $100 million, paid the SEC a settlement of $5 million, no one went to prison and they kept $95 million hehehe. Less than a month after a critical court decision in their ongoing legal fight, software firm Kik and the U.S. Securities and Exchange Commission have agreed to a proposed settlement that would involve a $5 million penalty.
The two sides had until Tuesday to submit their proposal, as previously reported. According to newly published court documents, the $5 million penalty forms part of a proposed agreement in the case over Kik's $100 million initial coin offering, or ICO.Source https://www.theblockcrypto.com/linked/81741/5-million-penalty-proposed-between-sec-and-kik-to-end-ico-lawsuit |
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It appears that everyone who wants or needs anonymity and fungibility must begin to remove themselves from bitcoin and stop delegating their privacy to the owners and administrators of mixers.
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@pixie85. I would argue that American democracy, a country that has a government that imposes itself to be on their side of the peace process is also fake.
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@exstasie. 2017 became the dominance of Binance, Bitfinex and some Chinese or Korean exchanges. I am
not certain, however, BTCe's millions in volume was very much lower than the top 3 exchanges' billions. BTCe on 2017 was not relevant anymore.
It also appeared to be the exchange that money launderers used to dump their coins to retrieve fiat.
In any case, yes we will see.
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Only 10%? I'm surprised it is that low. I would expect it to be more like 50%.
That is not very helpful hehehe. The fix to this problem is clearly to move away from a limited supply monetary policy to a an unlimited but predictable emmission. This will certainly not be accepted by the community, however. I wasn't being sarcastic. If it is really only 10%, then that means that 90% of bitcoins are held by owners instead of custodians. That is good news. Unlimited generation won't stop people from storing bitcoins in an exchange, so I don't know how that would fix the problem. Agreed. However, it is certainly a fix to avoid the danger and possibility it becomes 90% held in exchanges and only 10% left in control of the real owners. |
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@Ronnie. Where are the odds for US election winner? I cannot find them. I can only see the odds for the election results per state and results for electoral college per area.
Odds adjustment hehe?
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10% of all bitcoins are concentrated on five exchanges
According to Chain.info, about 10.6% of circulating bitcoins are concentrated on only five centralized exchanges.
Today, Coinbase, Huobi, Binance, OKEx, and Kraken platforms keep about 1.96 million BTC.
...
Only 10%? I'm surprised it is that low. I would expect it to be more like 50%. That is not very helpful hehehe. The fix to this problem is clearly to move away from a limited supply monetary policy to a an unlimited but predictable emmission. This will certainly not be accepted by the community, however. |
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Bitcoin is divisible down to a satoshi. A great Bitcoin shortage will not occur for the next 100 years hehe. However, because of its limited supply, what we are presently witnessing is hoarding with a get rich quick mentality.
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