Is GRIN still a thing?

[FinneysTrueVision]

Grin had a lot of promise early on because of its privacy and scalability. Launching it before there was a proper GUI wallet was a mistake. Not having any addresses was confusing and one of the ways in which it could be transferred was by sending it to an IP address. Deanonymizing users via their IP address is completely contrary to what you would expect from a privacy coin. There was a lot of funding behind it. From the start, the supply became centralized because large investors owned most of the hashpower. This excluded average users from mining and made the fair launch aspect meaningless.

After all these early issues I stopped paying attention to it. There are other blockchains working on privacy, either directly onchain or through external protocols, so Grin has lost its early mover advantage and it'll be difficult for it to recover.

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[tromp]

grin is PoW and using lot of power there

Grin uses very little power; not even 0.02% of the power that Bitcoin does.
You could power Grin from just one windmill.

[batang_bitcoin]

I still remember it with the mimblewimble. With all of the transactions that are happening in the privacy protocol projects, it's just sad that we get to see that the government is too strict with these types. During the launching of it, a lot have been optimistic on Grin and I think that there's also another project that have became popular together with it but I barely remember what that project is.

[Kelvinid]

Grin had a lot of promise early on because of its privacy and scalability. Launching it before there was a proper GUI wallet was a mistake. Not having any addresses was confusing and one of the ways in which it could be transferred was by sending it to an IP address. Deanonymizing users via their IP address is completely contrary to what you would expect from a privacy coin. There was a lot of funding behind it. From the start, the supply became centralized because large investors owned most of the hashpower. This excluded average users from mining and made the fair launch aspect meaningless.

After all these early issues I stopped paying attention to it. There are other blockchains working on privacy, either directly onchain or through external protocols, so Grin has lost its early mover advantage and it'll be difficult for it to recover.

That project is a failure and the developer/s can't provide their promises. Many of these privacy projects are good through their words but the application seems too far from what we want to expect and what happens to Grin would simply mean that privacy coins gaining less attraction to the investors. These days, investors are not looking for privacy coins anymore and it was not their big concern, they are looking for projects that would give them profit. That is why privacy coins are losing their trend and dumping. It was uncertain to see them recovering, less chances as per see.

[oryhp]

GRIN is not yet a thing.

I agree with this. Grin is one of those rare projects that takes time to get off the ground. It goes "all-in" on simplicity and fairness, even more so than Bitcoin, which we all love and support. Perhaps the most unique feature of them all is the monetary policy, which not only ensures a fair distribution over decades, it also mimics time. From what I can tell, it's the closest to a "time is money" experiment we've been able to create, and it's the supply following time that creates a slow start. Unfortunately, there's no way around it (unless you have a time machine), but this also means very few projects will try such experiments. It's not a "privacy coin", but rather a monetary experiment vastly different from Bitcoin's that might be worth bringing to life. The community is indeed small today, but also quite different from what you'll see in other projects. I can't recall when I've seen people talking about getting rich with Grin and that's a good thing. Grin will be celebrating its 5th birthday soon, so if anyone wants to show some love, come blow a candle on the forums on January 15th.

As a general suggestion for those who enjoy commenting, it's often wise to share our thoughts only on topics we are knowledgeable about. There is already an abundance of misinformation circulating, so let's try to not add to the noise with additional uninformed opinions.

[fullhdpixel]

I still remember it with the mimblewimble. With all of the transactions that are happening in the privacy protocol projects, it's just sad that we get to see that the government is too strict with these types. During the launching of it, a lot have been optimistic on Grin and I think that there's also another project that have became popular together with it but I barely remember what that project is.

Many of us in the forum does, because AFAIK it was also being highlighted here as one of the payment methods when availing a copper membership but IDK what really happened on why it was discontinued. I won't say it's because governments are strict with it since we support decentralization here.

But, I think it's because it didn't get enough impression for the many so its volume got lesser, which makes it not suitable anymore as a payment method. There are always new projects that came out. And some can copy the others when they think that project is starting to get popular. I'm not talking about the meme coins here. No wonder why you can't remember that other project anymore.

[Kelward]

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.

I'm likewise just hearing about the Grincoin, for the first time in this thread, guess it had it's glory days before I ventured into cryptocurrency business. I know that to be relevant in the crypto industry, a project has to be up and doing, probably be coming up with new innovations to capture new investor interests and retain the ones that they have. Members are likening it to Monero, I guess that they share the same features, but Monero, is clearly far ahead of Grincoin, I hope that it's developers will come up with something new because we need more top coins to make choices from in the crypto market.

[Abiky]

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 aof 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. They will be heavily 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.


...


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

If it's not a privacy coin, how come GRIN is using the "Mimblewimble" privacy technique? And I wouldn't say the project is focused on simplicity, especially when it has a steep learning curve. I've had trouble using the cryptocurrency after migrating from Bitcoin. After reading tutorials online, I was able to get ahold of it. For being a "young coin", GRIN is lacking behind others in terms of popularity and mainstream demand. With a low number of CEXs trading it, what more would you expect? The project had potential to become a "force to reckon with". But unfortunately, bad propaganda surrounding privacy coins have damaged GRIN's reputation.

Most people nowadays want centralized shitcoins with no "substance" behind them. You can see why coins like SOL, XRP, and even "meme" coins like DOGE and SHIBA are among the top ranks in market cap. GRIN was good while it lasted. At least, the code is open source. What's stopping someone from creating an improved version of it in the future?

[batang_bitcoin]

I still remember it with the mimblewimble. With all of the transactions that are happening in the privacy protocol projects, it's just sad that we get to see that the government is too strict with these types. During the launching of it, a lot have been optimistic on Grin and I think that there's also another project that have became popular together with it but I barely remember what that project is.

Many of us in the forum does, because AFAIK it was also being highlighted here as one of the payment methods when availing a copper membership but IDK what really happened on why it was discontinued. I won't say it's because governments are strict with it since we support decentralization here.

But, I think it's because it didn't get enough impression for the many so its volume got lesser, which makes it not suitable anymore as a payment method. There are always new projects that came out. And some can copy the others when they think that project is starting to get popular. I'm not talking about the meme coins here. No wonder why you can't remember that other project anymore.

One big factor I think was the government shutting down privacy coins and having them delisted on the exchanges. That might be one of the reasons why this project that once became popular in the forum became almost forgotten and no one remembers it. If it's not with the government tracking down projects like this, we've got a lot of privacy coins in the community wherein many would like to use.

[Kavelj22]

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

I believe that the lack of development is the main factor for the decline of this currency, including advertising, despite the advantages it has. After the forum administrators decided to add the Grin payment feature to purchase Cooper membership, I was surprised after years that the number of those who registered using that feature was very small.

The success of Grin depends on two factors:
- Launching new features: If Grin team can add new features that attract users, it may be able to reverse the current trend.
- Increased interest in privacy: If interest in privacy increases in the world of cryptocurrencies, this could also be beneficial for Grin.

[Fundamentals Of]

I think GRIN remains functional therefore still a nice alternative. But it definitely is not as relevant as before. I remember when theymos even accepted GRIN for payments in the forum. It was not expected, both theymos' decision and the choice of altcoin. But that the main administrator chose it for being a real crypto project or legit innovation as compared to the thousands of others that are merely copies of each other and mostly scams, it speaks volume about GRIN.

GRIN is definitely not a complete bust but I think it's not really a good long-term investment unless its promotion is improved and its usage widened.

[Abiky]

I think GRIN remains functional therefore still a nice alternative. But it definitely is not as relevant as before. I remember when theymos even accepted GRIN for payments in the forum. It was not expected, both theymos' decision and the choice of altcoin. But that the main administrator chose it for being a real crypto project or legit innovation as compared to the thousands of others that are merely copies of each other and mostly scams, it speaks volume about GRIN.

GRIN is definitely not a complete bust but I think it's not really a good long-term investment unless its promotion is improved and its usage widened.

The forum admin took the decision to ban mixers out of fear from government prosecution. If regulators go against privacy coins, you can bet GRIN will be removed from the forum ASAP. The cryptocurrency's days are numbered. Just like BEAM, Monero, and the likes. I guess that why GRIN is very unpopular these days (aside from a poor marketing/promotion strategy). There hasn't been any innovation on the project so far (as far as I know).

With a limited number of exchanges and low demand, it's likely GRIN will fade away into oblivion. The source code and the core blockchain network will still be with us, though. What's stopping someone from reviving it in the future? As long as decentralization is put first, nothing else matters.

[Fundamentals Of]

I think GRIN remains functional therefore still a nice alternative. But it definitely is not as relevant as before. I remember when theymos even accepted GRIN for payments in the forum. It was not expected, both theymos' decision and the choice of altcoin. But that the main administrator chose it for being a real crypto project or legit innovation as compared to the thousands of others that are merely copies of each other and mostly scams, it speaks volume about GRIN.

GRIN is definitely not a complete bust but I think it's not really a good long-term investment unless its promotion is improved and its usage widened.

The forum admin took the decision to ban miners out of fear from government prosecution. If regulators go against privacy coins, you can bet GRIN will be removed from the forum ASAP. The cryptocurrency's days are numbered. Just like BEAM, Monero, and the likes. I guess that why GRIN is very unpopular these days (aside from a poor marketing/promotion strategy). There hasn't been any innovation on the project so far (as far as I know).

With a limited number of exchanges and low demand, it's likely GRIN will fade away into oblivion. The source code and the core blockchain network will still be with us, though. What's stopping someone from reviving it in the future? As long as decentralization is put first, nothing else matters.

You must have meant mixers, not miners. The forum does not have anything against miners.

We actually don't have to wait for regulators to go against privacy coins for the forum to stop accepting GRIN. The admin has already done it a few years s ago. Unfortunately, it's mainly GRIN's unpopularity that's the reason. The payment code for GRIN needed fixing but since it isn't really a popular payment option by users here, the admin didn't bother putting it back.

GRIN is probably better than thousand others in the crypto ecosystem, so there might come a time when it gains more popularity if somebody takes over the project and gets busy with development and adoption.

[oryhp]

The success of Grin depends on two factors:
- Launching new features: If Grin team can add new features that attract users, it may be able to reverse the current trend.
- Increased interest in privacy: If interest in privacy increases in the world of cryptocurrencies, this could also be beneficial for Grin.

I'm afraid that's not the philosophy behind Grin. Features add complexity and there's a sea of projects whose focus is nothing but continuous adding of something so that people can hype themselves up around the next "revolutionary" thing. Grin will likely remain what it is today, just like Bitcoin. And while it does have a much better privacy than Bitcoin due to confidential transactions, it's not about maximizing privacy coin at all cost. Mimblewimble is good at achieving a lot with very little complexity. It would be a shame to throw away the simplicity and elegance of this design just to inject a short term dopamine rush into speculators.

It's Grin's 5th birthday. 

[Kavelj22]

The success of Grin depends on two factors:
- Launching new features: If Grin team can add new features that attract users, it may be able to reverse the current trend.
- Increased interest in privacy: If interest in privacy increases in the world of cryptocurrencies, this could also be beneficial for Grin.

I'm afraid that's not the philosophy behind Grin. Features add complexity and there's a sea of projects whose focus is nothing but continuous adding of something so that people can hype themselves up around the next "revolutionary" thing. Grin will likely remain what it is today, just like Bitcoin. And while it does have a much better privacy than Bitcoin due to confidential transactions, it's not about maximizing privacy coin at all cost. Mimblewimble is good at achieving a lot with very little complexity. It would be a shame to throw away the simplicity and elegance of this design just to inject a short term dopamine rush into speculators.

It's Grin's 5th birthday. 

It's obvious that Grin has unique features and that it was considered revolutionary when it was launched in 2019. But it is clear today that it is going through considerable challenges that are difficult for it to deal with.

In my opinion, the most prominent of these challenges are:
-The Grin development team is relatively small compared to other cryptocurrency development teams. This may lead to slower development and the emergence of a lot of unexpected errors.
- There are still a few real applications that use Grin. This is because the coin is relatively new, and its community is still small.
- Many other cryptocurrencies that offer similar features to Grin. This may make it difficult to distinguish Grin from these coins.
- Lack of awareness of the currency and this is due to lack of marketing.

If Grin can overcome these challenges, it could have a promising future. However, making this happen requires a significant effort from the coin's team and community.

[aTriz]

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?

Heard about this for the first time from this post. Found it after looking into coinmarketcap.  it indeed looks very good. I think it is very underrated . as you said maybe it is lack of marketing because I think it could've a bigger community if it was properly marketed.

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.

Right now nothing is certain about Privacy Coins. the big coins are in trouble getting delisted by big exchanges. so can't say how would this one do in such environment.. maybe if it was famous like monero and other privacy coins it would've been hit by govt too.
I would not long this coin for now.

[Questat]

I still remember it with the mimblewimble. With all of the transactions that are happening in the privacy protocol projects, it's just sad that we get to see that the government is too strict with these types. During the launching of it, a lot have been optimistic on Grin and I think that there's also another project that have became popular together with it but I barely remember what that project is.

Many of us in the forum does, because AFAIK it was also being highlighted here as one of the payment methods when availing a copper membership but IDK what really happened on why it was discontinued. I won't say it's because governments are strict with it since we support decentralization here.

But, I think it's because it didn't get enough impression for the many so its volume got lesser, which makes it not suitable anymore as a payment method. There are always new projects that came out. And some can copy the others when they think that project is starting to get popular. I'm not talking about the meme coins here. No wonder why you can't remember that other project anymore.

With the lack of information on the reason for its discontinuation and development, it all leads us to make speculations. But as we can see, privacy coins have not gotten much attention in the community, they are not after privacy coins but for profit which is why they choose projects that are known and highly volatile coins. Until these days, only Monero has gained sustainability and market demand while the other privacy coins have gone too fast after their launching. Not really a good thing to see but can't stop people from being practical.

Just imagine that meme coins gain so much hype and market attention despite the fact that they don't have a use case.

[tromp]

- Many other cryptocurrencies that offer similar features to Grin. This may make it difficult to distinguish Grin from these coins.

Grin easily stands out from the tens of thousands of other blockchains in being

1) the ONLY one with a fair emission: every generation gets the same share of supply

All else being equal, later generations would prefer to adopt a blockchain that hasn't already
handed out nearly all supply to earlier generations.

2) the ONLY one focussing on simplicity and elegance in design.

See https://bitcointalk.org/index.php?topic=5309951.msg60800901

[kaka_Shipai]

I think its done and dusted. There can be more then one reason for that, marketing the most important one. But there are so many currencies coming up each day, that alot of coins, even the quality one are bound to go that path and only the ones marking all the check boxes survive. And luck is also one of those check boxes.

[oryhp]

I'm confused why we're trying to guess what happened. Grin had open communication channels way before it launched so everything's publicly available. Much better than just sharing our unsubstantiated opinions would be to take the time to read these channels or ask someone that knows.