more Information on the dev team?
This is top secret you won't get answer of this question more like it looking copy cat idea instead of original. I think this coin come in the hype of Grin and they want to get more attention who don't care about the tech.
You clearly didn't research much, we just released a windows wallet before anyone else. Found few bugs in Grins code. And respect the developers, grin is an amazing implementation of MW. Doesn't change the fact the economics suck
https://twitter.com/BitGrin/status/1094457105250242560So can you provide the information asked instead of merely defending yourself through theories and diverting the main concern of which he replied there?
I would also remind you that you haven't address my concern on few pages back, on how would "patching" the MW flaws with bitcoin structure helps ensuring your price stability
Hey,
regarding the team:
We consist of two Rust coders who also have deep experience with cryptography and crypto in general, and two more people for all front end related topics.
About the identity of the devs, most of us will stay anon for the time being, but this could change for the mid to long term.
Atm we are focussed on bringing out the one click miner and to improve the useability of the BitGrin wallet.
More infos, the long term roadmap and much more will come when we will update the website in the coming weeks.
Regarding BitGrin:
We believe a lot of people - us included - think that Grins MimbleWimble implementation is amazing.
The problem we see is that especially for a new born crypto the economic incentives has to exist to be adopted by the crypto community.
Good tech only is not enough for that - the project needs to have a sound economical basis.
This is the reason we decided to fork Grin, where the founders wanted to try out a new model for the mining economy.
The idea lead them to implement a linear emission rate:
1. It mimics the inflation rate of fiat, which incentives spending instead of holding.
2. It makes mining a more even field because early and late adopters still get the same mining reward.
Nr. 1 is quite problematic, because a currency that incentives spending while not having the ecosystem to be able to spend the currency will hardly be adopted - miners not only need to sell instantly, but are forced to do so, because the value of their holdings are decreasing with every second they hold the currency (the same goes for every holder).
Without an ecosystem to spend the currency, the majority of Grins utility as a currency vanishes.
Without adoption, no ecosystem, without ecosystem no adoption - a negative feedback cycle is created.
BitGrins economic basis mimics that of BTC which incentives holding of the currency and thus giving the currency enough time to build an ecosystem, while people are still able to profit from it in the long run.
Following this we strongly believe that BitGrin is very likely to be adopted by the crypto community.
