Is GRIN still a thing?

[tromp]

I started mining grin on a gpu about a year ago, and now I have five g1 minis running. The thing I love most about grin is the supply curve and the distribution in general. There is no more fair launch in cryptocurrency, not even bitcoin, and it's not even close. Besides that it is more lightweight than bitcoin and more private.

Indeed; Grin ensured the fairest launch ever by

1) having a widely announced launch

2) having optimized GPU miners available for its cuckaroo29 PoW long in advance

3) inscribing the genesis block with a recent Bitcoin block hash (Bitcoin block 558,653)

4) having an astronomically high starting difficulty (22x larger for block 1 than for block 61)

5) having the same block subsidy at launch as at any later time.

The first mined block took well over an hour, and the average block time in the first day well over its 1 minute target, with the mining rewards on that first day amounting to less than 0.0024% of the soft total supply.

Clearly nobody had any advantage at launch. Neither the creators, nor the miners.

[MemurKafasi]

After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.

Also fake grin more valuable than grin now. 
İt is shame. 

[MemurKafasi]

I started mining grin on a gpu about a year ago, and now I have five g1 minis running. The thing I love most about grin is the supply curve and the distribution in general. There is no more fair launch in cryptocurrency, not even bitcoin, and it's not even close. Besides that it is more lightweight than bitcoin and more private.

Indeed; Grin ensured the fairest launch ever by

1) having a widely announced launch

2) having optimized GPU miners available for its cuckaroo29 PoW long in advance

3) inscribing the genesis block with a recent Bitcoin block hash (Bitcoin block 558,653)

4) having an astronomically high starting difficulty (22x larger for block 1 than for block 61)

5) having the same block subsidy at launch as at any later time.

The first mined block took well over an hour, and the average block time in the first day well over its 1 minute target, with the mining rewards on that first day amounting to less than 0.0024% of the soft total supply.

Clearly nobody had any advantage at launch. Neither the creators, nor the miners.

What fair distribution we are talking about?
Only pro guys like you can transfer Grin with CLI commands.
Core team blocked adoption infront of everybody eyes.
You dont review other contributers work, you dont fix bugs or anyone interfere.
How many Bitcoin spent for GUI wallet since 2022 ?

[jwinterm]

After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.

Also fake grin more valuable than grin now. 
İt is shame. 

Grin GUI alpha is out now. The BSC scam token only brought attention to legit $GRIN, and showed what a fucking scam MEXC just like their big brother Binance scamming with Monero. Grin keeps building and growing, none of this scam token ponzi bullshit matters.

[MemurKafasi]

After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.

Also fake grin more valuable than grin now. 
İt is shame. 

Grin GUI alpha is out now. The BSC scam token only brought attention to legit $GRIN, and showed what a fucking scam MEXC just like their big brother Binance scamming with Monero. Grin keeps building and growing, none of this scam token ponzi bullshit matters.

GRIN GUI is being developed since 2022.

Still not come closer to anything.
Terrible UX, unusable wallet again.
Failure.

[jwinterm]

After igno left Grin, core team showed no progress.
No working wallet without problem or exchanges.
Grin delisted from many exchanges and pools, many developer left.
GRIN missed 3 bullrun. It is #1344 th coin.
Many shit token make new ATH, many times.

Also fake grin more valuable than grin now. 
İt is shame. 

Grin GUI alpha is out now. The BSC scam token only brought attention to legit $GRIN, and showed what a fucking scam MEXC just like their big brother Binance scamming with Monero. Grin keeps building and growing, none of this scam token ponzi bullshit matters.

GRIN GUI is being developed since 2022.

Still not come closer to anything.
Terrible UX, unusable wallet again.
Failure.

OK brand new account coming out of the woodwork to make a bunch of posts trash talking one of the few legitimate projects in the space. You are clearly either a salty bagholder just mad at life or someone trying to talk trash and buy in lower. Go do something productive with your life boi 

[Keremgor]

 He makes a point. There is no stable working wallet since 2019 and rest development is look like mainteanace or half done projects.

  Do not try to sugarcoat a project who stalled since Igno times- during his time  developers has done most of the development of GRIN, after him everything gone south.

 GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.

  After igno, no serious development.Period.

  Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.

[jwinterm]

He makes a point. There is no stable working wallet since 2019 and rest development is look like mainteanace or half done projects.

  Do not try to sugarcoat a project who stalled since Igno times- during his time  developers has done most of the development of GRIN, after him everything gone south.

 GUI is again eyewash as it before. I am sure it wont be finished like atomic swaps or mwixnet or hardware wallet or other things.

  After igno, no serious development.Period.

  Even grin++ developer bailed, the guy has warned core team guys many times about GRIN development issues.

Tromp just posted in this thread. Grin++ seems active within last few months, telegram channel is active 🤷‍♀️ Go chase scams if you wanna chase scams. Seems like a waste of time to kick dirt on one of the few legitimate projects in the space besides maybe bitcoin, monero, maybe litecoin and doge (wownero ofc  ) - what else?

[tromp]

 After igno, no serious development.Period.

Only a troll would state such utter falsehood with such certainty...

There have been many major changes since Igno left in Aug 2019,
including two new PoW, a new DAA, a new fee model, hardware wallet support, a new
syncing mechanism, and a mw mixnet prototype.

[MemurKafasi]

 After igno, no serious development.Period.

Only a troll would state such utter falsehood with such certainty...

There have been many major changes since Igno left in Aug 2019,
including two new PoW, a new DAA, a new fee model, hardware wallet support, a new
syncing mechanism, and a mw mixnet prototype.

Yeah, continue to write everyone off as greedy shitcoiners just looking for a quick pump or troll.
Same old tactics, you drove away many people from Grin with this ''troll''

What prototype you are talking about?
Open ended unfinished prototypes again since 2020? 

https://forum.grin.mw/t/the-official-grin-gui-wallet/7209

Core team pay  itself with no funding  request, without no check balance since  igno left. 
Where are the funding request of core team?
Millions of dollar spent since 2019. Btc Funds are outlfowing  constantly.
Core team arrogancy and poor leadership ruined GRIN

Since 2019 igno left, core team slowly drain the funds and stand in the way of those who want to actively improve grin. You drove away them politically.

Grin transactions are still buggy and your CLI even, Grin is unusable for average joe.
You, core team even  dont know how exchange GRIN transactions work.
Show me your last transactions of GRIN.

Who is the troll ?

[jwinterm]

Who is the troll ?

What have you done besides come here and kvetch? That is the definition of a troll. You. You are the troll. Not really that complicated lol.

[Keremgor]

 GRIN yearly mining reward is close to 2 million $, yet transparent fund shows more than 2 million spent to development, GUI started 2020 ?

https://grin.mw/fund

1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part  GRIN devs engaged, contributed it? Even reviewed? I guess NO.

 Where is the progress reports of core guy, who drains funds since 2019 ?
 
 So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.

 You cant write off everyone troll, drove away most of contributers,  while leaving newbies to  buggy and unusable CLI wallet.

 Personally i respect your enthusiasm and loyalty to GRIN but  nobody is convinced that virtue signaling anymore.

 Where is the deliverables and request funding of yeastplume who works part time?

 example as antioch. Rules are same for everyone.

 https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183

[jwinterm]

GRIN yearly mining reward is close to 2 million $, yet transparent fund shows more than 2 million spent to development, GUI started 2020 ?

https://grin.mw/fund

1. Two new algo phase out already decided in 2019
2. Synch mechanism RFC from 2020
3. Hardware wallet is done by MWC fork developer. At which part  GRIN devs engaged, contributed it? Even reviewed? I guess NO.

 Where is the progress reports of core guy, who drains funds since 2019 ?
 
 So it was supposed to be equal rules for everyone, clearly abused the power that IGNO handed over to you.

 You cant write off everyone troll, drove away most of contributers,  while leaving newbies to  buggy and unusable CLI wallet.

 Personally i respect your enthusiasm and loyalty to GRIN but  nobody is convinced that virtue signaling anymore.

 Where is the deliverables and request funding of yeastplume who works part time?

 example as antioch. Rules are same for everyone.

 https://forum.grin.mw/t/request-for-funding-antioch-apr-jun-2020/7183

Tbh I don't know the whole history and really only got interested in GRIN a year ago or so. If your coin needs a treasury it's a fucking scam anyway, so if treasury is gone that's good imo. Let the people who only want money take the money and run, there seems to be plenty of interested folks mining, shilling, developing, etc.

[o48o]

It's been quite a long time since the first cryptocurrency with the "Mimblewimble" privacy technique was released. My first days of using GRIN were quite troublesome due to its added complexity. But it's a great coin to use for privacy-oriented transactions once you get the hang of it. Somehow, GRIN became a forgotten cryptocurrency as all of the attention shifted back to Monero. Was this a result of poor marketing/promotion efforts? Or a lack of user experience?

I'm wondering if this coin still has a future, especially when privacy on crypto has been frowned upon by mainstream governments. Do you think it can be good long-term investment like Monero? Or is it a complete bust? Your input would be greatly appreciated. Thank you very much.

Depending what you mean by thing? Is it interesting to majority or trendy? No. But İgno (founder) suddenly leaving grin was probably end of grin, as even with new developers, that kind of move make people lose trust and interest. Also i am not sure if there was any need for competition as we had monero already. Especially when, like you said that it had "added complexity".

Here's also reddit thread from 2 years ago about it being dead:
https://www.reddit.com/r/grincoin/comments/rhhhlk/so_is_grin_dead_or_what/

Actually i doubt that there's any privacy centered coin that is doing well in this bull market. Regulations from FATF made sure that they won't be in any big exchanges, and even cashing them out in any way gets more difficult as time goes on and these new regulations can be monitored more efficiently.

[jwinterm]

Also i am not sure if there was any need for competition as we had monero already. Especially when, like you said that it had "added complexity".

One of Grin's selling points is that the underlying machinery is even simpler than Bitcoin, so I don't know that added complexity at the user interface level currently is meaningful if it is really simpler at its core. And it is certainly much much simpler machinery than Monero.

Another issue that a critic might raise about Monero (or Bitcoin) is the rapidity of its emission schedule and unfairly rewarding insiders (and this is doubly true about Monero because of its even faster emission than BTC and the issue of crippleminer, claymore, etc.).

I think there's plenty of space for something that is simpler and lighter weight than BTC, maybe almost as private as XMR, and offering a much more fair emission schedule to late comers than any other project in the whole cryptoverse.

[Reatim]

It has unique tech features but unfortunately it just couldn’t catch up
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.

Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.

[jwinterm]

It has unique tech features but unfortunately it just couldn’t catch up
with all the hype.
It also had lots of competition back then hence why after
a few years, its value decreased. It never improved and was blocked by a lot
of other newer and better coins.

Seeing as not a lot of people are still interested, I think it’s not gonna be able
to recover anymore or anytime soon.

Ok you fucking Eloncoin chatgpt spambot, thanks for your informed and enlightening opinion

[d5000]

I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.

I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.

And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.

For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.

[Abiky]

I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.

I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.

And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.

For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.

Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.

Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best.

[Cekikafa]

 
 GRIN MimbleWimble March developments and News #47

• GUI wallet import functionality.  
• MimbleWimble-python slatepacks.
• Ledger Hardware wallet bounty.
• Grinwish List.