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Author Topic: [ANN] BitGrin (XBG) – MimbleWimble with Bitcoin economics – Windows wallet!  (Read 5822 times)
papacabeza
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June 23, 2019, 02:13:40 PM
 #161


Hi--- checking in on this again, would be nice to recover the 1k --- it never confirmed.  My wallet is working now, kindly check the official pool wallet and manually reset the amounts there and I'll make another request to transfer?  Thank you.

@bladdoyle, thank you for helping with the pool payout problem yesterday (about 1k XBG).  However, that payout did not work and must have been cancelled.  Can you please reset it so I can request the payout again?

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June 29, 2019, 12:59:31 PM
 #162

Apologies for overreacting on Discord. These are valid critiques and we're addressing them.

I was asked nicely by a community member that I respect to restate my concerns here more objectively.  Here goes---

1. Wallet functionality. The XBG wallet is the central infrastructure piece of a project for users. However, the Bitgrin wallet (Kingfish) doesn't work for me or for many community members. It requires use of a VPN and other hacks which have no guide. A new wallet to fix was pre-announced then delayed. With recent delisting you have to hire third parties on OTC or others with VPNs to transfer funds.  It's inconvenient.

2. Listing problems.
There was a fight between the developer and BitMesh a few months ago that seemed to be resolved, but then Bitmesh suddenly delisted Bitgrin this month. This put the users in a bind because of wallet problems and a short time (just 2 weeks) to get coins off Bitmesh or burned. Very little help from developers to resolve this and no communication with the community about listing plans or alternatives. 

3. Mining and attacks. The network is constantly being attacked, forking, and rolling back. That may be just new project blues but in my experience I've never seen a project so frequently under attacks of different kinds. The project also lost money with double spends on exchanges. There's no explanation for the consistent attacks nor have the devs outlined a plan to fix it -- for example, chain notarization for double spend protection (VBK, KMD, SAFE options) or other tools?

4. Misleading "Bitcoin economics" claim.  The "Grin with Bitcoin economics" claim is false and misleading.  Bitgrin has 21m coins and Bitcoin has 21m coins but coin count is not "economics."  Bitgrin has a large premine that's released by smart contract at 20k each month, and during each of the first four years the premine represents 10.93% of the total (it averages to 4% over total, e.g., by year 2050). That's Bitgrin economics, not Bitcoin economics.

5. Premine accounting. With a high premine of nearly 11% per year (during first four years) an accounting is required. The devs recently put out an accounting, sort of, for the first few months --- but it just basically said "we spent it all on exchanges and mining reimbursements."  Even though devs could just say anything, a more credible and transparent accounting will be required to build faith.

Project needs:

  • Wallet: A functioning wallet but in the meantime, a detailed step-by-step guide on how to send/receive XBG using port forwarding and VPNs (with current wallet).
  • Listing plan: Project should openly track online where it is applying to be listed and have a channel for community members to support. Project appears to be constantly fighting with exchanges -- find someone to drive this, not the devs.
  • Bitcoin economics: stop that bs claim, it's false.  21m coins isn't Bitcoin economics, it's 21m coins. The "economics" includes overhead and Bitcoin had no premine.
  • Premine accounting: To gain credibility, project needs to provide credible, transparent, ongoing descriptions of premine spending plan w/ actuals spending, presented in a credible way.

Also, the project needs to stop making enemies, unnecessarily, of its community members.

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June 30, 2019, 03:12:51 PM
 #163

Some User have a have trouble with the new MacOS KingFish Wallet. Dev Team make a hotfix and release a new update. Like the strong activity from the devs  Wink
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June 30, 2019, 07:30:03 PM
 #164

To know more about Bitgrin you can read the subreddit

Bitgrin WHO I AM ?

https://www.reddit.com/r/xbg/comments/c7ige1/bitgrin_who_i_am_introduction_for_new_miners/
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June 30, 2019, 07:31:31 PM
 #165

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June 30, 2019, 07:55:18 PM
 #166

Are there any big exchanges considering listing BitGrin? Has the deb team appied to any yet, or offered to pay for a lusting?
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July 01, 2019, 06:13:53 PM
 #167

Come and join Bitgrin on Twitter  Roll Eyes

 


 


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July 02, 2019, 04:36:53 PM
 #168

Are there any big exchanges considering listing BitGrin? Has the deb team appied to any yet, or offered to pay for a lusting?

They are looking to list Bitgrin in new exchanges. The goal is to make MW user friendly. Actually its not. If you want send Grin Coins the receiver have to be online. And Bitgrin will change it. And that will be huge.
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July 02, 2019, 06:46:18 PM
 #169

Are there any big exchanges considering listing BitGrin? Has the deb team appied to any yet, or offered to pay for a lusting?

They are looking to list Bitgrin in new exchanges. The goal is to make MW user friendly. Actually its not. If you want send Grin Coins the receiver have to be online. And Bitgrin will change it. And that will be huge.

Does the wallet tell you if the receiver is online? Whatever it does you are right about it being a  user hostile system.

Is there a timeline for how long Bitgrin will take to remove the being online requirement?
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July 04, 2019, 02:31:47 PM
 #170

Are there any big exchanges considering listing BitGrin? Has the deb team appied to any yet, or offered to pay for a lusting?

They are looking to list Bitgrin in new exchanges. The goal is to make MW user friendly. Actually its not. If you want send Grin Coins the receiver have to be online. And Bitgrin will change it. And that will be huge.

Does the wallet tell you if the receiver is online? Whatever it does you are right about it being a  user hostile system.

Is there a timeline for how long Bitgrin will take to remove the being online requirement?

I know its under development without exacly date.

If the development are done you can send XBG like a other currency. At the moment the wallet shows you a error if you want send XBG from exchange to wallet and your wallet is offline.
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July 11, 2019, 05:40:06 AM
 #171

The last BITGRIN newsletter have been released

The Bitgrin Quarterly(Q2) Report

https://bitgrin.substack.com/p/the-bitgrin-quarterlyq2-report
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July 18, 2019, 08:27:34 AM
 #172

Vote for Bitgrin (XBG) to be listed on qTrade!

We need XBG on more exchanges besides Vinex ASAP. There's a proposal to list XBG on qTrade which lists 'original dev coins'. You'll need to sign up, confirm your email, then go here - https://qtrade.io/listings
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July 28, 2019, 03:38:25 PM
 #173

Important information:

 " Our website was defaced today after a series of unfortunate events with a disgruntled web designer, so we’re migrating to https://bitgrin.dev. Network, mining, and development continue as normal. Our routine weekly update will arrive Monday. Onward! "

https://twitter.com/BitGrin/status/1155302787611336707?s=09
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July 29, 2019, 12:50:45 PM
 #174

Anybody to help where to download xbg wallet v. 2?
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July 29, 2019, 01:15:45 PM
 #175

wait wait...did we not call this shitcoin way back on like pg.2?? lol
was is this one? Or regular Grin?  or are they the same overmined, fake hype BS so you guys can dump non-stop on noobs?
and the dev already left?
gaaayyyy!

www.dlsag.com ~ 1ex.trade
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July 30, 2019, 01:38:18 PM
 #176

wait wait...did we not call this shitcoin way back on like pg.2?? lol
was is this one? Or regular Grin?  or are they the same overmined, fake hype BS so you guys can dump non-stop on noobs?
and the dev already left?
gaaayyyy!

Stop fudding you noob. No one has left the team.

Here is the las dev update with all explanation:

https://bitgrin.substack.com/p/the-bitgrinio-takeover

Read this before you write anything.
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August 15, 2019, 02:52:45 AM
 #177

New website: https://www.bitgrin.dev
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August 16, 2019, 04:36:42 AM
 #178

i mine this on c31
why i have some "miner portion" from c29 blocks ?

 
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September 02, 2019, 03:59:53 AM
 #179

how is this project going now?
any exchange to trade?
thanks!

running farm worldwide
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September 09, 2019, 03:03:20 PM
 #180

how is this project going now?
any exchange to trade?
thanks!

It is growing organicaly

You can trade on Vinex
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