[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.

[tromp]

Cuckatoo31 is no more

As of block (52+30)*7*24*60 = 826560, the graph_weight of C31 has fallen to 0,
making it impossible to solve blocks with C31.

Congratulations to the miner of block https://grinscan.net/block/826450 6
the last ever C31 block in Grin!

Although it really didn’t make sense to be mining C31 in the past week, where its graph_weight was 31 times less than before the phase-out. We suspect that even now, some people may still be mining C31, unaware that it’s a complete waste of electricity. At least the above miner got some bragging rights.

Sadly, now https://www.f2pool.com/coins only shows two grinning smilies instead of the former three in a row...

[1714608538]

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[ilyapx]

Mimblewimble technology does not make sense in the future, a simple cryptocurrency like bitcoin with the function of compression of the blockchain is not needed by anyone. It is strange that grin has not yet fallen in price, from an economic point of view, grin is the same as dogecoin.

[tromp]

Reminder: do not feed the trolls...

[ilyapx]

Reminder: do not feed the trolls...

where you Troll saw writing as it is, than your grin better Dogecoin?
even more I will say it is worse you can't transfer grin money to offlan

two users must be online all the time to translate, this is just nonsense and not technology.

[Texacha]

two users must be online all the time to translate, this is just nonsense and not technology.

Same is with cash money, so it isn't a nonsense.
...but I agree with the part that "from an economic point of view, grin is the same as dogecoin"

[tromp]

...but I agree with the part that "from an economic point of view, grin is the same as dogecoin"

Grin has constant block reward. In Doge the current reward is only 1% of initial reward.
Not quite the same, unless your only distinction is capped vs uncapped.

Taking that to an extreme, Grin would be the same as Bitcoin with a 1 satoshi tail emission,
where late miners are rewarded 5 billion times less than initial ones.

[Convery]

What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  .
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that? 

[Hueristic]

What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  .

Wat???

Conclusion:  Grin is currently highly overvalued at $6.5

Question is not if price of Grin is over evaluated right now, but at what price and at what time will Grin found bottom.  I believe most pessimistic date could be even 4 years form now and deep in 4 digits of satoshies.

I'm guessing more like 2 years and who know what BTC will be worth then so it is hard to judge what this will be worth in comparison.

Hands up who is going with this just because theymos has backed it himself?
....

It's not like you guys were not warned.

What is the economic model?  I read a while back that there was something funky about it and not that appealing. 

1 grin is created per second on average, forever. Similar to XMR. Not ideal IMO, but it does tend to be deflationary long-term.

What's the general consensus on Grin? Are we buying it or Is theymos trolling us again with another shitcoin? (remember howey) No address, no coins, sounds weird af. I don't know what to think about it.

Not a shitcoin but it is not an investment vehicle.

Don't you think infinite supply will play role of pressure element on he price of coin ? There is lot of hype before the launch of this coin what is scheduled in two days now. I hope they will be much more careful with security and safety as first impression will be the last. We saw what happens with Beam with vulnerability. These are the two coins succeeded to get attention of everyone in very short time.

Beam is a money grab, tail emission is a design decision of a solid currency.
It doesn't matter if the pump and dumper can't make cake, its not designed for that so if the tail emission scares you then don't use this coin.

@Theymos finds the tech interesting and does not do pump and dumps.

I find the goals laudable and the tech interesting if not immature atm, the tech will be amazing if matured due to the scaling if nothing else.

[SurDenis905]

What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  .
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that? 

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

[Beyerd17]

What is happening to GRIN? One year ago that was a great hype that GRIN is a future of anonymous cryptocurrencies, but when I look at market capitalization then Verge is doing better  .
And what happened when Litecoin use MimbleWimble technology, does GRIN make a sense after that? 

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward 

[oryhp]

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward 

You're way off here, but you should do your own research to find out why

[Beyerd17]

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward 

You're way off here, but you should do your own research to find out why

Seriously, A newb with like 7 posts telling me I'm way off. I had expected somewhat more than that. As for your reasoning, you basically have none, guess your maybe thinking I should simply just take your word for it. I'm gonna need a bit more than that. Let me try again, why does this project even exist, not sure the crypto world really need it...

[Hueristic]

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward 

You're way off here, but you should do your own research to find out why

Seriously, A newb with like 7 posts telling me I'm way off. I had expected somewhat more than that. As for your reasoning, you basically have none, guess your maybe thinking I should simply just take your word for it. I'm gonna need a bit more than that. Let me try again, why does this project even exist, not sure the crypto world really need it...

People use alts for a reason N00b.

[Beyerd17]

It seems to me that the hype surrounding the implementation of these anonymous functions in Litecoin will be very cool. Consequently, GRIN loses its uniqueness and investment attractiveness.

While I think it's a good idea for Litecoin to add this to distinguish itself, it doesn't make Grin lose any value because they're completely different. I don't know about investment, but Grin still has a very unique position in the space which can in my opinion only be stopped by a new technology emerging that is far superior - which we have yet to see.

Grin did not have all that much going for it in the first place. Ooh so it's a privacy coin, wow, will it ever have a large potential userbase besides the paranoid and drug users and pushers. If I am way off here, please tell me why Grin is going to be a huge winner going forward  

You're way off here, but you should do your own research to find out why

Seriously, A newb with like 7 posts telling me I'm way off. I had expected somewhat more than that. As for your reasoning, you basically have none, guess your maybe thinking I should simply just take your word for it. I'm gonna need a bit more than that. Let me try again, why does this project even exist, not sure the crypto world really need it...

People use alts for a reason N00b.

Well again, there is absolutely zero reasoning, this time from a Legendary no less. This makes me believe this project is doomed to mediocracy at best.
Right now Grin is ranked at place 295 at Coinmarketcap, don't waste your funds on this project, it probably won't be going anywhere but down in price long term.

[Cryptotourist]

Let me try again, why does this project even exist, not sure the crypto world really need it...

Why do alts - in general - exist?
Because by your reasoning, they shouldn't.

This makes me believe this project is doomed to mediocracy at best.

Tell that to the miners. Zero reasoning indeed.
[insert sparkpool.ditching.shitcoins.for.grin meme here]

don't waste your funds on this project, it probably won't be going anywhere but down in price long term.

Thanks for the advise. Was it financial?

[Beyerd17]

Let me try again, why does this project even exist, not sure the crypto world really need it...

Why do alts - in general - exist?
Because by your reasoning, they shouldn't.

This makes me believe this project is doomed to mediocracy at best.

Tell that to the miners. Zero reasoning indeed.
[insert sparkpool.ditching.shitcoins.for.grin meme here]

don't waste your funds on this project, it probably won't be going anywhere but down in price long term.

Thanks for the advise. Was it financial?

Hey, i'm sure this project is great for the paranoid and drug dealers and the like. Drug dealers need some love too. Just wondering what the appeal is to the larger crowds out there that are not selling stuff on the "darkweb". Give me some solid reasons why anyone should invest in GRIN, I don't really see it for most real life crypto case users.

[PavelPav]

Hey, i'm sure this project is great for the paranoid and drug dealers and the like. Drug dealers need some love too. Just wondering what the appeal is to the larger crowds out there that are not selling stuff on the "darkweb". Give me some solid reasons why anyone should invest in GRIN, I don't really see it for most real life crypto case users.

You talk as if ordinary users don't need anonymity functions. For example, I don't want someone to know how much cryptocurrency I have and to whom I make payments. I actively use ETH and it is not possible to hide it there. It is not comfortable.

[Beyerd17]

Hey, i'm sure this project is great for the paranoid and drug dealers and the like. Drug dealers need some love too. Just wondering what the appeal is to the larger crowds out there that are not selling stuff on the "darkweb". Give me some solid reasons why anyone should invest in GRIN, I don't really see it for most real life crypto case users.

You talk as if ordinary users don't need anonymity functions. For example, I don't want someone to know how much cryptocurrency I have and to whom I make payments. I actively use ETH and it is not possible to hide it there. It is not comfortable.

Fair enough   Hardly see anyone complain about this with most Bitcoin or Ethereum users. Could be an issue if one holds huge amounts of funds. For most users thats hardly something they give a second thought. My impression is that most people aren't bothered by this and that the use case is quite limited to very few people. Hence price and interest in GRIN will probably never be all that high.

[ilyapx]

Hey, i'm sure this project is great for the paranoid and drug dealers and the like. Drug dealers need some love too. Just wondering what the appeal is to the larger crowds out there that are not selling stuff on the "darkweb". Give me some solid reasons why anyone should invest in GRIN, I don't really see it for most real life crypto case users.

You talk as if ordinary users don't need anonymity functions. For example, I don't want someone to know how much cryptocurrency I have and to whom I make payments. I actively use ETH and it is not possible to hide it there. It is not comfortable.

Fair enough   Hardly see anyone complain about this with most Bitcoin or Ethereum users. Could be an issue if one holds huge amounts of funds. For most users thats hardly something they give a second thought. My impression is that most people aren't bothered by this and that the use case is quite limited to very few people. Hence price and interest in GRIN will probably never be all that high.

Most people don't invest a lot of money, so they don't really care.

[Hueristic]

Hey, i'm sure this project is great for the paranoid and drug dealers and the like. Drug dealers need some love too. Just wondering what the appeal is to the larger crowds out there that are not selling stuff on the "darkweb". Give me some solid reasons why anyone should invest in GRIN, I don't really see it for most real life crypto case users.

You talk as if ordinary users don't need anonymity functions. For example, I don't want someone to know how much cryptocurrency I have and to whom I make payments. I actively use ETH and it is not possible to hide it there. It is not comfortable.

Fair enough   Hardly see anyone complain about this with most Bitcoin or Ethereum users.

Thats because you don't know anyone that holds a large amount.

Its obvious from your comments to your shitcoin shilling sig that you have no clue whats going on.

Not to mention the fact you think a Legendary's words matter more than a n00bs, that just shows how clueless you really are.