Grin Observer - GRN/BTC - Price Movement and Discussion

[Hueristic]

Well, I believe the person that made the argument is mistaken that you can't implement mimblewimble with cold wallets. From my understanding, the sender and receiver can both have their private keys on air gapped computers and just need to relay the needed files to each other via other means, including carrier pigeon if they want. Then the sender just needs to send the tx via a hot node.

I believe you are correct.

My main concern with the coin at the moment is the inflation. 1 coin per second seems a bit much. Unfortunately, I am only mining this with 1 single 1070, so I don't even have a coin, yet.  

I decided to not even bother and will buy some in a few years.

You dont think the Monero forum might have a certain bias do you?

OFC, but another perspective is useful. Coin-specific threads end up becoming circle jerks (Monero thread included).

You got that right! and don't be the poor schmuck that points that out to the koolaid drinkers!

[1714853367]

1714853367

[1714853367]

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[1714853367]

1714853367

[Cryptotourist]

FUD?

What good is it going to do to you if you buy 'some', 'in a few years'?
In that scenario, I would keep not bothering.

Grin has potential.
Correct me if I'm wrong, but isn't it the first PoW coin to be 'clear' on ASICs before its launch?
The transition & 100% ASIC in two years I mean.

[HairyMaclairy]

Still bearish based on declining volume

[bbc.reporter]

You dont think the Monero forum might have a certain bias do you?

OFC, but another perspective is useful. Coin-specific threads end up becoming circle jerks (Monero thread included).

However, it also comes down to someone's belief what a cryptocoin representing as money should be. If a group of people share certain beliefs, then it is their right to reinforce those beliefs. It is easily thrown around by the people outside the group to call it a circle jerk.

[tranthidung]

Despite of the drops of Grin coin, theymos has not manually changed the rate for Grincoin to buy forum's Copper Membership.
 DO NOT POST SESC LINKS

Code:

2.252253333 grin

2.252 Grin coin for one Copper Membership, for now.

[infofront]

I see Grin is trading on KuCoin. They're kind of a big deal.

Did anyone hear any news that would've been related to the pump?

[HairyMaclairy]

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.   

[tranthidung]

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.   

How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

[Cryptotourist]

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  

Coingecko:



CMC for a change:



Bgogo exchange. Truly aspiring

[Cryptotourist]

Support found all the way to ~ 0.0015. We're going down.
Thinking that it will not break 0.0010. If it does, it will be briefly, only to kick start a new rally.
Cannot decide on before or after, the Chinese new year. Tending towards after.

[HairyMaclairy]

Bgogo exchange looked like super fake bot washing traffic to me.  



That is not organic volume.

[HairyMaclairy]

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  

How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

[Cryptotourist]

Bgogo exchange looked like super fake bot washing traffic to me.  

https://i.ibb.co/2qfZG76/4757560-A-0-AC8-4-F2-D-AD37-3-C02-FEC71-D00.jpg

That is not organic volume.

I was being very sarcastic when I said it's aspiring.
Bitforex did the same when Grin was listed.

[Hueristic]

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  

How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.

[dearbesz1219]

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  

How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.

That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?

[generalizethis]

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.

The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  

How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.

That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?

Yes and no, depends on if you move the goal posts on mining centralization to make room for the economy of scales issue inherent in asics. But yeah, a company is probably a bad idea if you want fungible cash for all, though it doesn't really apply to all usecases and weirdly gets generalized--though that's usually a political argument that gets prefaced as a technological one.

[Globb0]

Mooooooooooooooooooo

[vapourminer]

Well. Went out and did a stupid thing. Bought a 2080ti rig and now I'm committed to mining this shit on a dedicated box @ ~10 G/s.

addiction.

yeah sucks sometimes..

[bbc.reporter]

Bgogo exchange looked like super fake bot washing traffic to me.  



That is not organic volume.

It is certainly not, however its purpose is not to fake the volume. They need to let their market makers provide the liquidity required to start a grin market in the exchange.

They are only giving us a service as a liquidity provider.

Also in the stockmarket, liquidity providers are required by law and enforced by a governing body.

[HairyMaclairy]

An executed order by definition does not add liquidity, it takes liquidity off the books.

When you go from zero to the highest volume Grin exchange using mechanical trading, you are faking your volume, particularly when selling 10 Grin can move the price 5%.

Current Bgogo order book below.