grin is now accepted for forum payments

[HairyMaclairy]

There is a new thread, being an offshoot of the Wall Observer thread, for all useless Grin price speculation chatter and TA (preferably drawn with crayons). 

Link here:  https://bitcointalk.org/index.php?topic=5102334.0

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[jeffthebaker]

We saw Grin jump from $3 to over $200 on this announcement.

Incorrect. A couple of coins exchanged for extremely small amounts of money (I'm talking $20.00 worth of bitcoins for some grin at ridiculous prices) doesn't mean you or I could have actually sold at $200. Maybe one person sold 0.1 grin for that price. Great for them. Also, even if there was significantly more volume, on day 2 (after the 1440 block waiting period for coinbase transactions) the price would have ended up tanking just the same. Btw, the price started at $200 and dropped like a rock. Where are you seeing a pump from $3.00 to $200.00?

The grin community was already aware that Theymos liked it because of his post in the ANN thread. The technology is amazing. I'd suggest doing a little research. It's not bitcoin with a fancy hat and a new name, it's a brand new coin with brand new untested tech. Even if this impliment fails I think mimblewimble is here to stay (even if not in this exact form). Saying that this announcement somehow caused hype is hilarious. Why wouldn't the other post cause this amazing hype?

Lastly, how many grin do you really think bitcointalk has gotten from this so far? I doubt it's creating the amount of hype that you're talking about. I'm all for a 6666.66% pump, but it's not going to happen because Theymos decided to accept grin for copper membership etc. You and I both know that.

If he's wrong about grin I guess you're going to start a lawsuit right? That's the only sensible thing to do. /s

The actual "pump and dump" might be overstated by the graphs, but where would it be trading without the announcement? Probably not at $4. Do you seriously think that an announcement from the largest and longest standing crypto community that they are, for the first time, supporting an altcoin for payments isn't a big deal?

I've actually taken some time to research Grin and have been familiar with MimbleWimble. MimbleWimble is cool and different: a lot of the other peculiarities are garbage. I mentioned this in the ann thread, but it makes no fundamental sense why a pure privacy coin should have an infinite supply. That debate is neither here nor there.

The sentiment that "every altcoin is a Bitcoin clone but this one!!" is complete garbage. Sure, 99% of altcoins are garbage, but that 1% still accounts for dozens of new and unique projects. The idea that new tech means it's worthwhile is silly as well. What about EOS? Really a joke of a project, but fits the fundamentals shared by Theymos and others as being worthwhile and different. It's built from the ground up, uses a system of governance and delegation, and redistributes the burden of use of the network. This is all quite different from Bitcoin. Why not add EOS as well?

Saying everything is stupid and a clone is a massive oversight of the development in the space for the past few years. That sentiment was valid until 2013~.

I feel like the price will continue going down slowly over time so it doesn't really matter if it's $1, $5 or $10 today. I'm not that short sighted.

EOS is basically Ripple with smart contracts. It's the complete and total opposite type of governance than any cypherpunk project. Not exactly your best argument. On-chain Censorship isn't a feature and if EOS was accepted here I'd be extremely concerned.

Forking Bitcoin and making it more private, more fungible, adding smart contracts, asset layers - whatever it may be, they all basically function the same way. Sure there are little wins  here and there, but they can easily be added to Bitcoin if they're a viable soution. Mimblewimble is fundamentally different and will be interesting to watch in the future. Grin's devs thought of the most fair way to launch the coin and the most fair way to distribute them. Do I agree with the infinite supply? Hell no. But it sounds like a 9/10 for me vs. beam which is 1/10 (mimblewimble). It's all an experiment, but I'd rather be part of this experiment than some half-baked idea that's just taking the old tech and slapping someone on it. It's boring, it's uncreative and it's not going to wow anyone. Mimblewimble (and thus grin) wows me. Apparently it also wows Theymos and lots of others in the community.

You don't have to like it, but it's already happened so you do need to get over it.

I, too, would be extremely concerned if EOS were accepted here. It's an awful project. But- it's different. According to Theymos that's the number one indicator of worth of an altcoin. The technical overlaps between EOS and Ripple are quite minimal... only overlap is they are both centralized.

Regardless, if anything that is blockchain is "just another Bitcoin clone" what about the dozens of coins that don't use a blockchain: IOTA uses tanglenet. NANO is DAG. Beam is MimbleWimble (how would you feel if we were having this conversation about Beam and Grin was the one left out?) Not to mention how shortsighted of an argument it is that blockchain = Bitcoin... a majority of the top alternative blockchains utilize consensus mechanisms far different from Bitcoin. Saying every altcoin is a BTC clone is ridiculously ignorant of the current state of the space and the direction it's gone over the past few years.

The point of having a discussion about this is because Theymos has been taking the authoritarian approach on various matters for years. We've been having the same conversation since Bitcoin XT (and probably earlier, tho I wasn't around for that). For people who actually care about decentralization, the role Theymos plays in the space is one of the biggest shortcomings throughout said space.

Since he has undivided control over the future of his own position, the only thing there is to do is talk about it.

[suchmoon]

Beam and Grin

I don't know much about all the other grudges you have with theymos, but Beam vs Grin dilemma seems quite obvious, as in - there isn't one. Grin doesn't have a "CEO", no premine, no dev tax. Definitely more "cypherpunk" project of the two.

[koshgel]

altcoins are being shilled by administrators now?  whats going on btctalk

[OgNasty]

Beam and Grin

I don't know much about all the other grudges you have with theymos, but Beam vs Grin dilemma seems quite obvious, as in - there isn't one. Grin doesn't have a "CEO", no premine, no dev tax. Definitely more "cypherpunk" project of the two.

Ya, Beam is cool and their software appears more polished than Grin, but I just couldn't get past the founder's reward.

[Kavelj22]

Beam and Grin

I don't know much about all the other grudges you have with theymos, but Beam vs Grin dilemma seems quite obvious, as in - there isn't one. Grin doesn't have a "CEO", no premine, no dev tax. Definitely more "cypherpunk" project of the two.

Ya, Beam is cool and their software appears more polished than Grin, but I just couldn't get past the founder's reward.

I think we have a third player for this start of the mimblewimble adoption; its WINK another altcoin with 42 coin is the max supply, no ICO, no premine, no mandatory developer tax. More assets will be forked as i understood, check this link.

[Chris!]

Beam and Grin

I don't know much about all the other grudges you have with theymos, but Beam vs Grin dilemma seems quite obvious, as in - there isn't one. Grin doesn't have a "CEO", no premine, no dev tax. Definitely more "cypherpunk" project of the two.

Ya, Beam is cool and their software appears more polished than Grin, but I just couldn't get past the founder's reward.

I think we have a third player for this start of the mimblewimble adoption; its WINK another altcoin with 42 coin is the max supply, no ICO, no premine, no mandatory developer tax. More assets will be forked as i understood, check this link.

Oh dear lord. Idk where to even start. Maybe just a quote and I'll leave it at that.

How much will WINK be worth?
This is a very simple calculation, because WINK is the simplest asset on the WOKE chain. Because WINK is a superior implementation of technology, governance, game theory, and cryptoeconomics, we can assume no rational actor will use any other cryptocurrency. Then all we have to do is add up the current marketcap of all currency-centered cryptocurrencies (which we will limit to the top 10 for obvious reasons), which as of October 2018 is ~$151,660,568,655USD, and divide that number by the total number of WINK, which is 42. This gives us a nice round number of $3,610,965,920/WINK. That 3.6 billion US dollars per WINK. That is obviously an extremely conservative answer, as it is the current, underutilized value of the top cryptocurrencies, and WINK is aiming to absorb all global financial markets. The global GDP estimate for 2014 was 78 trillion dollars. Sevently-eight trillion divided by 42 WINK is ~1.9 trillion dollars per WINK. Even that is conservative because economies must grow to prosper and so in 42 years, when the last Wink is mined, we can assume the value of just one of these puppies is going to be much higher than that.

All other fiat and crypto is going to zero. Watch out guys.

[suchmoon]

All other fiat and crypto is going to zero. Watch out guys.

So it's like Grin's Doge?

[Chris!]

All other fiat and crypto is going to zero. Watch out guys.

So it's like Grin's Doge?

It's like all coins and currencies ever, all stocks and all stores of wealth combined into one. It also happens to be the 3st implimentation of mimblewimble. What a time to be alive.

[suchmoon]

All other fiat and crypto is going to zero. Watch out guys.

So it's like Grin's Doge?

It's like all coins and currencies ever, all stocks and all stores of wealth combined into one. It also happens to be the 3st implimentation of mimblewimble. What a time to be alive.

I mean - a parody coin, starting with the name.

[culexevilman]

really nice move, this is solid approval from bct

[lsd400]

altcoins are being shilled by administrators now?  whats going on btctalk

it's messed up. btc is crippled so grin is alternative now?
sketchy.

[Chris!]

Since he has undivided control over the future of his own position, the only thing there is to do is talk about it.

This post alone has caused the price of Grin to tank 50%. The price manipulation has to stop! 

[koshgel]

price manipulation and crypto go hand in hand

[shield132]

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

I think that grin-tech.org is just down right now. Nevermind, fixed. Thanks.

Kinda dissapointed that Howeycoins can't achieve the same thing despite being older.

Since everyone who invested in howeycoins became a billionaire, I was worried about what would happen to the world economy if I promoted it even more.

haha, that's very funny but on another hand you were very right when you posted it in Grin's ANN thread.
Here is quote: "I will definitely be buying grin fairly early on. Probably won't bother figuring out mining, though. Note that due to the way grin emits its coins, prices are likely to start out high and steadily drop for the first few weeks/months."
Yeah, as it seems price falls and falls currently, great time to buy or mine this coin but I have one question, rarely think you'll answer but I hope so.
How did you know about grin so early? Was it posted somewhere? Just want to know because I highly doubt you read all alt announcement thread because od busy time.

[theymos]

How did you know about grin so early? Was it posted somewhere?

I read the original mimblewimble paper in 2016 and was very interested. I mentioned it a few times on Reddit and here (eg. here). A while later I heard that someone was working on it in the form of grin, but I then mostly forgot about it. I wasn't actively following it. But luckily in December or thereabouts I stumbled upon some article on coindesk or similar that mentioned its impending release.

[OgNasty]

How did you know about grin so early? Was it posted somewhere?

I read the original mimblewimble paper in 2016 and was very interested. I mentioned it a few times on Reddit and here (eg. here). A while later I heard that someone was working on it in the form of grin, but I then mostly forgot about it. I wasn't actively following it. But luckily in December or thereabouts I stumbled upon some article on coindesk or similar that mentioned its impending release.

I remember reading about it as a potential scaling solution a while back also.

Lord Voldemort Is Trying to Save Bitcoin

[KRATE]

I was surprised to see Grin as a payment option, especially on bitcointalk. I suppose it's always nice to have an alternative choice for odd scenarios.
It's an interesting project that i'm keeping an eye on also, will be neat to see where it goes 

[lobcmt2]

To be honest, I found interesting thing.
I spent a few minutes to check previous pages, what I found is no one in the topic pay attention on the rate for forum's Copper Membership in Grin coin changed.
The new rate has been almost double its past one.

New rate:

To get a forum credit of 0.00675676 BTC via grin, send 4.327400585 grin

Past rate:

0.00675676 BTC via grin, send 2.252253333 grin

[infofront]

Anonymint recently posted his take of Grin. It's worth looking at:

https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-scaling-decentralization-security-of-distributed-ledgers-20190209t143757701z