Is GRIN still a thing?

[Abiky]

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.

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[Adbitco]

Was this a result of poor marketing/promotion efforts? Or a lack of user experience?

Some of this can be lack of development, including lack of awareness across the cryptospace just as you already said..
Sincerely the name sound so strange to me I can't really recall if i have came across such project before or not, and maybe let just say people's attention has been shifted to the latest happening especially nowadays people are looking for a project that could give them some x value they wanted within the next few months. Nobody wants to invest in a project that is not giving them any profits moreover when investors already made their profits they ought to channel their efforts to other project that could possible give them triple of what they have invested IMO.

[Cvetik56]

Never heard of it. But due to lack of news about it and its charts it seems like it's dead, or really close to that state.

[Churchillvv]

I don't really know what is the faith of the token but I believe it has become a 91% fallen crypto that might not come back to it's ATH. Grin has recorded $14 ATH but has not been able to return to half of the ath till date instead it has been heading downward to $0.08 in coinmarket.cap with this price I don't think it can be back as tokens like Monero has taken it's position in the crypto space.

The last hit that got GRIN to this situation was the 51% attack by miners whose identities where unknown and their took over 57% of the GRIN network and I believe it lead to it's last fall in price, you can check coindesk to read more about the attack.

OP, how do you really know about this tokens? your have been strange this days lol  

[Yamifoud]

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.

Well, with their lack of marketing strategy, how would this project gain attraction? The developers no longer expect progress and adoption and yeah, they'd rather expect people will ignore it. In fact, even though Monero has a name in the crypto space, still only a few individuals are using this. This simply means that people are not looking for a privacy project but instead, they are in crypto looking for something BIG fish that gives them HUGE rewards as well.

GRIN is nothing, that is harsh but that is what we saw. Meme coins are even better and more interesting than this project.

[Yaunfitda]

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.

And if my memory serves me right, it was also at least promoted by our admin here as it was accepted for forum payments. However, it was stop in 2021 and up to now, it's no longer being accepted.

Perhaps with this news, it's no longer a thing, although if you look at the Github repo: https://github.com/mimblewimble/grin

There is still some movement months ago and it is still being developed, but there's need a lot left to be done here.

[SquirrelJulietGarden]

Governments will look at Monero first because if Bitcoin is a King of cryptocurrency market. Monero is a King of Privacy coins and if governments want to break down privacy coins, they will aim at Monero first. I don't feel fearful about risk for GRIN as it will not be first target of government.

Grincoin used to be accepted as a payment method for Copper membership.

grin is now accepted for forum payments

[tsaroz]

Grin is still a thing. They still have a small but active community and developers that are working. The overall crack on privacy based coins had an effect on the price and adoption of GRIN coin on exchanges and among people. Grin rose to a high price where there was hype about the privacy coins but has now settled in a much lower price range which actually is the natural price for it. It could still be a good coin to invest in as the hype on privacy focused coin may return.

[bluebit25]

At the same time, there is BEAM, but I still like GRIN more in terms of decentralization. But for speculation, imo private cryptocurrencies are still worth watching. It is conceivable that in the future there will be a lot of intervention from the centralized system on censorship and legal issues. There will be times when privacy trends are noticed again. But after all, it is an investment, and accepting possible risks, I think there is no problem at all.

As you said, it's been a long time since I followed it, but I've kept a small amount of GRIN for a long time, and I'm very happy to have witnessed its launch from the early days until now someone repeats it.

[SquirrelJulietGarden]

Grin is still a thing. They still have a small but active community and developers that are working. The overall crack on privacy based coins had an effect on the price and adoption of GRIN coin on exchanges and among people. Grin rose to a high price where there was hype about the privacy coins but has now settled in a much lower price range which actually is the natural price for it. It could still be a good coin to invest in as the hype on privacy focused coin may return.

Biggest problem with Grin is its inflation, very high inflation. It is affected by general break down on privacy coins but it bas its own problems.

In first several years, Grin coin is very inflationary and it is very natural to see its price affected by this. It seems the coin supply curve will enter a flatter area next two years.

Inflation will ensure a general downward price trend for at least the first year, I'd expect, and it becomes sort-of reasonable only after 4 years. Will grin survive that long? Not sure. If you think it will, then it might make sense to buy grin at very cheap prices in its first few years, and this thinking could perhaps stabilize the market somewhat.

Grin inflation rates

Year #	Yearly monetary inflation rate
1	36500%
2	100%
3	50%
4	33%
5	25%
6	20%
7	17%
8	14%
11	10%
21	5%
34	3%

[btc78]

This is the first time I have heard of this coin and I spend a lot of time familiarizing myself at least with a lot of altcoins so me and a lot of other people not recognizing this might mean that it is truly dead or at least close to

A lot of altcoins usually after reaching their ATH gets a hard time reaching it let alone breaking it so it is not that impossible to say that a coin that is almost forgotten will probably not get a new ATH anymore

[Yogee]

How can this privacy coin become a thing when it's only listed on a handful of centralized exchanges. It's also weird that the top volume in the last 24 hours is coming from a CEXs with the lowest ratings. The trading volume could be fake. Who knows if it will be one of the privacy coins that will be resurrected.

This is the first time I have heard of this coin and I spend a lot of time familiarizing myself at least with a lot of altcoins

You were already around when the admin announced Grin will be accepted as for forum payment. Open the topic link posted by SquirrelJulietGarden

[electronicash]

not sure if this is still a thing now. BEAM i guess rocketed lately which is quite a good indication, these two were always been compared.

if i remember correctly Theymos supports this coin and the forum accepts GRIN for membership. i bought some of this coin and stored it on Ironbelly, completely forgotten it for years. i have to dig some files to recover the keys.

[jrrsparkles]

How can this privacy coin become a thing when it's only listed on a handful of centralized exchanges. It's also weird that the top volume in the last 24 hours is coming from a CEXs with the lowest ratings. The trading volume could be fake. Who knows if it will be one of the privacy coins that will be resurrected.

There is no room for the privacy based coins in the regulated trading platforms so called centralized exchanges and most of the coins have been delisted already and even Monero is at the verge of getting delisted from Binance and it won't take too long from now on to get delisted from there.

I knew the GRIN and it became quite popular especially in the forum when theymos announced as a mode of payment to buy membership but later the fire went down and it never bounced back.

[tromp]

GRIN is not yet a thing.

At least not for the people in this forum that care more about high marketcap and breaking ATHs than about fundamentals like simplicity and fair distribution. But those fundamentals will make GRIN outlive most other altcoins, so who knows... GRIN could be considered a thing here in a decade or two.

[Abiky]

How can this privacy coin become a thing when it's only listed on a handful of centralized exchanges. It's also weird that the top volume in the last 24 hours is coming from a CEXs with the lowest ratings. The trading volume could be fake. Who knows if it will be one of the privacy coins that will be resurrected.

The more exchanges de-list the coin, the lower mainstream exposure it will have. I guess that's the case with GRIN and other privacy coins. Monero may be the most popular privacy coin on the market, but it's also suffering from reduced liquidity/mainstream adoption because of CEXs' decisions. We can blame mainstream governments for this. Slowly but surely, GRIN's popularity will fade away until it becomes history. A pity, because this coin had an innovative approach to privacy. It would've made a great XMR competitor in the long run. BEAM is also in the same boat.

With privacy coins being a rarity these days, it's likely Monero will be the only one that will survive in the future. I'm yet to see whenever GRIN can be traded for another coin at a DEX or P2P exchange. It's virtually a "ghost". At least, the code is open source. Maybe someone else will "resurrect" it?

[tromp]

I guess that's the case with GRIN and other privacy coins.

But Grin is not a privacy coin. It's not focussed on privacy. It's focussed on simplicity [1].
In fact it's the only coin with that focus, so it's in a class of its own.

Just like its emission is in a class of its own, with 1 Grin per second forever.
Every other coin, without exception, confers a big advantage to early miners (or worse, to the coin creators) at the cost of later generations. Such coins will be frowned upon by those later generations.
Grin is the only coin that's fair to later generations. So again in a class of its own.

Maybe someone else will "resurrect" it?

Grin has always been in the top 25 of PoW coins [2], so it's not in need of resurrection.

Grin is also quite young emission-wise; it has only emitted 5% of its soft total supply [3].
In 20 years it will be where Bitcoin was after just 2 years; at 25% of emission.
So it's still early days for Grin...
 
[1] https://bitcointalk.org/index.php?topic=5309951.msg60800901

[2] https://www.f2pool.com/coins

[3] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153

[wheelz1200]

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.

I completely forgot about that coin.  I remember when they came out and mimblewimble was all the latest rage.  There was another coin that was it's competitor I forget it now but the 2 of them ran in price so quick.  People said it was gonna change the world and here we are it's just another crap coin lime the rest of them. 

[Belarge]

GRIN is not yet a thing.

At least not for the people in this forum that care more about high marketcap and breaking ATHs than about fundamentals like simplicity and fair distribution. But those fundamentals will make GRIN outlive most other altcoins, so who knows... GRIN could be considered a thing here in a decade or two.

A thing you call it? GRIN is an important altcoin in the market even the existence of the coin won't reach decades and in coming years. GRIN is one of these numerous altcoins in the market, and there's one thing I want to put out straight, all altcoins have holders and these investors are hoping that one day, the altcoins they're holding will shoot the moon with heavy long candles in the chart. I know we don't sit in the position to know everything in the system but there are certain sectors of crypto that ought to be understood because it's ultimate and important.

[dansus021]

PRivacy coin would die if the government keep pushing and grin is PoW and using lot of power there will be a people who don't like it because the environmental and bla bla bla.

Privacy coin hate by the government and CeX should follow the rule. But if the community and the developer still active this coin not gonna die

after I check CMC the coin still there with couple of Cex listing