grin is now accepted for forum payments

[HODL2090]

This is the largest cryptocurrency discussion forum, and while this is not an endorsement, it would surely get a lot of people interested in grin.

So could this open the door to more additions to the bitcointalk model? Or is this a one off experiment?

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[CryptopreneurBrainboss]

This is what we call indirect endorsement. Just wait for the cryptonews media to handle the rest publicity. Very soon you'll see news likes  

Cryptocurrencies biggest and oldest forum "bitcointalk" co-founded by satoshi himself accepts GRIN as a means of payment

and the so called crypto-experts on twitter and YouTube will add to the hype by adding it to their top altcoin to watchout for in 2019. Some might even say GRIN is the new BITCOIN . although If I was a part of this project the news above (grins added as means of payment on bitcointalk) will be advertise on grin site. This wasn't the intention of theymos although when a forum like bitcointalk accepts you as a means of payment it's an indirect endorsement sending signals to potential investors that the project is a go for...

[TalkStar]

In my opinion its a wise decision to accept altcoin as a payment method . We all need to know that crypto currency World basically connected with each other. Bitcointalk is a well reputated place where worldwide most of the crypto based projects announce their projects. Its simple that our forum just accept bitcoin as the payment method but we also have to remind that bitcointalk is not only working for entire btc community but also for Altcoins too.

Bitcointalk forum members not only working to keep people far from scam projects but also showing the right path to worldwide crypto investors. It can't be a rules like that bitcointalk users must have to pay through btc. I think our admin will add more and more payment option to make a collaboration with crypto seekers who are the main assets of crypto world.

Accepting grin is a great step which shows the sign that bitcointalk is the real home of crypto.

[Jet Cash]

I started to look at Grin and Beam as alternative payment methods for domain name sales. I'm also looking at Dash. It would be great if we could have somewhere to discuss these on Bitcoin Talk boards. I have had the alt boards on ignore for months now. In view of this move by Theymos, please could we have a Grin discussion board.

[mOgliE]

I don't understand...

60 Grins created every minute forever...

Isn't it the very definition of perpetual inflation? Oo

[cryptohunter]

I started to look at Grin and Beam as alternative payment methods for domain name sales. I'm also looking at Dash. It would be great if we could have somewhere to discuss these on Bitcoin Talk boards. I have had the alt boards on ignore for months now. In view of this move by Theymos, please could we have a Grin discussion board.

dash lol ... please ask pharmacist for a link to my cake analogy

[Lauda]

I started to look at Grin and Beam as alternative payment methods for domain name sales.

Here's a thought: Use LN for domain sales.

I'm also looking at Dash.

Please no. Dash is a shitcoin.

I don't understand...

60 Grins created every minute forever...

Isn't it the very definition of perpetual inflation? Oo

It's broken by design, but has excellent tech.

[mdayonliner]

Very interesting to see the forum implement an outside project in this fashion.  Grin is indeed an innovative project and I am mining it to get my hands on some.

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


@theymos - Your grin link seems to be broken at the moment.  Should be: https://grin-tech.org/

I thought we will act selfish and will only promote Bitcoin. Endorsing another coin and that is coming from theymos does not look good to me for a forum where we all are here to promote bitcoin.

I am sorry theymos, did you lose your confidence in Bitcoin because the transaction fee is high or something?

By the way I have nothing against grin and I never even studied it.

[nutildah]

I thought we will act selfish and will only promote Bitcoin. Endorsing another coin and that is coming from theymos does not look good to me for a forum where we all are here to promote bitcoin.

Not trying to suck up but I'm pretty sure he's allowed to do whatever he wants. Its an interesting take on the whole idea of cryptocurrency and I'm happy to learn about it...

I am sorry theymos, did you lose your confidence in Bitcoin because the transaction fee is high or something?

Have you transacted in bitcoin lately? The median tx fee is currently 11 cents; not exactly a dealbreaker.

https://bitcoinfees.earn.com/

I regularly use 4 cent fees if I'm not in a hurry.

[Guy Corem]

Monero

Mimblewimble has privacy features, but it also has the first really impressive, true scaling solution in crypto. Privacy-wise, Monero is probably better overall, but its scaling is abysmal, and neither coin can be treated as an impenetrable black box.

Guy from https://beam.mw, https://bitcointalk.org/index.php?topic=5052151 (ex Spondoolies) here.

Theymos, Mimblewimble allow non-interactive CoinJoins, when you couple it with a modified version of Dandelion that does TX merging in the stem phase + decoys outputs when needed, you get very good unlinkability.
The mechanism can be upgraded and improved without a hard fork. I believe that it's stronger than Monero, but we still didn't do a rigorous academic analysis, It will be done.
Currently, Beam implements it, Grin does only CJs with decoys but they can add it. We discussed it with Grin's devs: https://gitter.im/grin_community/Lobby?at=5bebe2c36b9822140d29e4b2 (Valdok is Beam's lead dev).
More information here: https://github.com/BeamMW/beam/wiki/Transaction-graph-obfuscation and https://medium.com/beam-mw/on-linkability-of-mimblewimble-da9ba71e83b4
In essence, when needed (e.g. not enough outputs), the node participating in a Dandelion stem phase routing, add random outputs that look like any other outputs. Those decoy outputs are later being spent forward as inputs by the node (each decoy has random block counter).

You can see it live in Beam's Block Explorer: https://explorer.beam.mw

Some real world huge blocks that happened:
https://explorer.beam.mw/block/713611c3876b6e38507a9971a95f73fcafc4c780e87237fdddc96207e5211530
https://explorer.beam.mw/block/64e037499a1d67b1c897db6be1b5870a372bbb6192303d2a0ac760ec88ecbd35
https://explorer.beam.mw/block/bbaa04e1afcde879c95941e5f3498788a81759ace4a81988f357270498f46009
https://explorer.beam.mw/block/af7725a6699a895a4ddb4490671da50834881733062c7bc1456a35001a1f154c

The interesting question is how many of those TXs (Each kernel represent a Tx) where CJ in the Dandelion stem phase and how many by the miner / pool (in the open P2P layer).
We will try to analyze open P2P data and improve the mechanisms if needed.

Guy

PS:
Regarding scaling: https://medium.com/beam-mw/whats-the-difference-between-monero-zcash-and-beam-953eafd89354

PPS:
One of Mimblewimble most interesting features is very fast initial sync, low resource requirements (storage, network) and the fact that FlyClient wallet is already implemented in both Grin & Beam. A true (almost) trustless mobile client (wallet) that connects directly to the P2P network.

[Last of the V8s]

Alright Guy, but did you pay dogie back?

[Guy Corem]

but did you pay dogie back?

Dogie canceled his bogus claims.

[Last of the V8s]

but did you pay dogie back?

Dogie canceled his bogus claims.

ah. but didn't correct your red trust. weird huh

[Guy Corem]

but did you pay dogie back?

Dogie canceled his bogus claims.

ah. but didn't correct your red trust. weird huh

Cancelled the court claim.

[Last of the V8s]

I started to look at Grin and Beam as alternative payment methods for domain name sales. I'm also looking at Dash. It would be great if we could have somewhere to discuss these on Bitcoin Talk boards. I have had the alt boards on ignore for months now. In view of this move by Theymos, please could we have a Grin discussion board.

Alt boards I find useful for knowing which Legendaries are secret lemonade drinkers monero advocates.
Is this thread not what you need? https://bitcointalk.org/index.php?topic=5090427.0  [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
There's some good discussion there eg https://bitcointalk.org/index.php?topic=5090427.msg49266991#msg49266991 onwards

[mdayonliner]

Not trying to suck up but I'm pretty sure he's allowed to do whatever he wants.

He can but a lot depends on what he does. He is a public character for Bitcoin and the entire community. Anything comes from him will have million times market affect than you and me or others. 

I am sorry theymos, did you lose your confidence in Bitcoin because the transaction fee is high or something?

Have you transacted in bitcoin lately? The median tx fee is currently 11 cents; not exactly a dealbreaker.

https://bitcoinfees.earn.com/

11 cent is 0.00003064BTC when price is $3,590. Consider the price $20k, more hash difficulties more more btc as payment fees. Multiply that with the rate $20k. This was what happened when bitcoin had it's ATH. In dollar currency people even paid more than $10 for transactions.

The last bitcoin transaction was only two days ago which I did to buy a service.  

[Jet Cash]

Here's a thought: Use LN for domain sales.

I thought of that, and I think Lightning is a great concept. Also, it supports my opinion of Bitcoin - I think Bitcoin is a store of value. I decided not to use it, mainly because it requires me to maintain another wallet, and it has centralised control. Speed of confirmation is not so important with domain name sales. Especially when you consider registrar transfers, pushes are better, but they can still involve delays. This is why I believe that trust and escrow are more important than confirmation speed.

[suchmoon]

I guess I have already proven my point. Didn't expect it this quick though.

24h Low / 24h High
$6.92 / $261.65

Imagine FOMOing and buying it for $261.65.

The cost of mining it is somewhere around $1-2. A lot of early miners might be hoarding it and it's not on large exchanges yet so that distorts the market somewhat.

[nutildah]

11 cent is 0.00003064BTC when price is $3,590. Consider the price $20k, more hash difficulties more more btc as payment fees. Multiply that with the rate $20k. This was what happened when bitcoin had it's ATH. In dollar currency people even paid more than $10 for transactions.

If you extrapolate the same 0.00003064 to $20,000 that's still only $0.61. A lot has changed between now and a year ago to help keep tx fees down, in terms of satoshis. The last time fees were this low was 2 years ago, when the price of BTC was about $390.

[stompix]

So, anyone dumping their BTC for grim n ?

Theymos, if you really want to add grin as an alternative payment method for the forum, any plans on adding it for the Donator rank? And I suppose the price in grin will be always the same, like the one in BTC  

This way in probably one year it will be cheaper to purchase a donator rank than a copper membership  

To get a forum credit of 0.00208333 BTC via grin, send 0.694443333 grin

7$ vs 3.7$

By the time the friday price increase comes, you might buy a membership with a few cents