Reddit Posts
Here is the Reason why HotBit Exchange is closing down their business. HotBit is based currently in Shanghai and Taipei with its core team members in China, USA and Taiwan.
13 Privacy Blockchains Could Be banned by New US Congress Bill
GRIN 100 Million-Designed for the Decades...
To hell with the 51% attack on GRIN, I'm setting up shop on Slatepacks Market
Is it cheaper to just buy crypto than to mine it?
GRIN - the crypto based on MimbleWimble (Potterheads unite!!)
Privacy, the other face of decentralization, also the next big thing? A commented list of privacy-related crypto projects.
Top CryptoCurrencies that are private by default.
Mentions
I can name quite a few actually. * Ethereum Classic has 2 attacks. January 2019 with 1.,1 million USD in double spend, and August 2020 where more than 4000 blocks were rewritten. The August 2020 attacks caused most exchanges to stop support for ETC. * Bitcoin Gold (BTG) was 51% attacked in may 2018 and had a double spend 18 Million. * Vertcoin had a successful double spend of $100,000 in December 2018 via 51% attack * GRIN currently has a single miner controlling > 50% of the network since 2020, causing a loss in value of 99.58% and dropping from most crypto exchanges in 2021. Going into why decentralizing the US Government's Ledger would be a bad idea: 1) There is no miner benefit to supporting this ledger. ETH/BTC have miner rewards that ensure there is enough compute to resist hostile attacked. Unless you want to also have the US government needlessly spend money rewarding people for protecting their ledger, there is no incentive for anyone to run a node to contribute to the stability of the network. 2) There is a much greater incentive to attack a blockchain that runs the entire US government, and therefore economy. This would cause an absolute havoc and potential destabilization of the US Government. 3) In comparison, to 51% Bitcoin, it would cost you a lot of money, and the final end result would be that bitcoin would be dead - and you would have lost a lot of money to do it. You would be much better off supporting bitcoin with that money than attacking it. Thus, there is no clear incentive for anyone to try an 51% attack a sufficiently large enough network that rewards miners. 4) based on current bitcoin hash rates & mining hardware cost, it would only take about $10 billion to execute a bitcoin 51% attack. There is no way that the US government could incentivize enough nodes to run it's network to protect it at even that level. Bitcoin is protected more so by the fact that there isn't a good incentive to spend $10B kill it than by the ability to do so. It would be rather trivial for a company like OpenAI to divert their compute to successfully attack BTC, and even more trivial for a rival state to do so. The incentive for killing the US Treasury blockchain would be the destabilization of its entire economy.
So I don't touch anything that didn't survive at least one bear market. This means I miss out on the exploding new things, but the Sharpe ratio on that class of coins is much worse than what I do. It's risk management. There's no real news in the crypto world that's going to give you a heads up on anything. I stick to the original principles of this stuff: censorship resistance, decentralization, self custody, crypto as money, privacy, empowering the user. Anything with a dev tax, weird staking schemes and other perpetual motion machines, "blockchain can solve all the worlds problems" and stuff like that are to be avoided. These are the fundamentals in this world. Sticking to those doesn't guarantee that you make money, there are plenty of projects that fit that bill that just nobody paid attention to, or they don't have a value add big enough to overcome existing networks' network effects, but you can be certain, the ones that do explode to be worth something long term have these traits. At this point in time, investment wise, the only things that stand a chance IMO of paying off are BTC, BCH, XMR and ETH. There are some cool things on the ethereum network, MKR is one. There are some others that are fantastic but for one reason or another haven't paid off financially even though they are really cool, GRIN, Firo and Pirate chain are some, as examples that even sticking to the principles I outlined carries risk. There are also some that could pay off but we just don't know yet, darkfi is one project worth watching, and maybe having a few coins just in case is not a bad idea.
As far as others are concerned, your GRIN may as well be a scam. So be nice.
No mention of GRIN, but there's mention of at least 2 obvious scams. Weird.
I thought GRIN was the one that used mimblewimble?
Probably not. See this interview https://nymag.com/intelligencer/2023/02/gary-gensler-on-meeting-with-sbf-and-his-crypto-crackdown.html > pretty much every sort of crypto transaction already falls under the SEC’s jurisdiction except spot transactions in bitcoin itself and the actual purchase or sale of goods or services with cryptocurrencies Bad for Litecoin > Everything other than bitcoin," Gensler told me, "you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth." In other words, there are people behind these cryptocurrencies using a variety of complex and legally opaque mechanisms, but at the most basic level, they are trying to promote their tokens and entice investors. (Bitcoin, because of its unique history and creation story, is fundamentally different from other crypto projects in this respect.) Bad for Litecoin. Bad for Monero. Or maybe not Litecoin has a foundation. But it wasn't created as a centralized scheme for enriching the founders, or an attempt to circumvent regulation, in the way described in the above Gensler quote. In the "why was it made?" sense, the only real difference between Bitcoin and Litecoin is that Litecoin's founder made no effort to be anonymous Monero has a community funding system, not a foundation. Again, this doesn't fit the regulation-evasion description in the Gensler quote Dogecoin has identifiable founders, but they've retired. There is a Dogecoin foundation, but it has no actual relationship to Dogecoin. It's fake, and plays a destructive spoiler role In the list of a few hundred actual cryptocurrencies (ignoring smart tokens riding on ETH and other blockchains), this evaluation can be made. GRIN is onnocent. BEAM might not be. ETH tried to avoid regulation by issuing an airdrop in France. The Gensler quote mentions this as a negative (doesn't name ETH explicitly) But the "security or not" game is a digression. Any law can be used to prosecute any perceived enemy. E-Gold was smashed by money laundering accusations. Liberty Dollar was smashed by coin counterfeiting charges All centralized cryptocurrencies are regulatory targets. If the SEC loses a lawsuit charging unlawful security, the DoJ can follow up with something different BSV is a special case. With no awareness that he was making himself a target, its founder deliberately took Bitcoin and made a variant which is now centralized. But it won't be attacked by regulators. It's doomed by its own folly The reality falls somewhere between Gensler's literal claim that Bitcoin is the only one, and the fanboy's "not my coin" faith belief in all the others. I wouldn't be surprised if the next 10 years of regulatory crackdowns leaves 4 coins standing - BTC, LTC, XMR, DOGE
I mine GRIN with ASICs and turn most of it in to BTC
I'm keeping a bit of the GRIN I mine because I'm involved with development behind the scenes and things are looking up.
I mine GRIN, you can find Ipollo G1 mini miners for $200-250 on ebay if you live in the US. You bring in $15-20 a month with it if you don't pay for electricity.
There is quite a bit of development going on with GRIN, they have a community treasury of 50BTC that was donated for development. There are 2 GUI wallets coming soon too.
What's your favorite ghost chain that you actually use? I really like the privacy features of GRIN and it's why I mine and support it.
What's your favorite project <10 Million market cap? Mine is GRIN because it's the purest most scalable Mimblewimble implementation.
What's your favorite project <10 Million market cap? Mine is GRIN because it's the purest most scalable Mimblewimble implementation.
Only privacy coin is GRIN. No adresses, No amounts on blockchain.
> special mention to Dogecoin By that criterion, Bitcoin, Namecoin, Litecoin, Dogecoin and Monero make a list. There are probably dozens of tiny-value alts which are genuine projects, but not known in this sub, because this sub is only for speculators For example, GRIN is a great alternative to Monero, but because there's no "HODLING MA GRINS NEVA GONNA SELL" here, you're not aware GRIN exists The same applies to Namecoin, an excellent implementation of uncensorable DNS, but don't attract speculators
Ever heard of GRIN? it's supposed to be made for privacy. There isn't even a known total amount.
That is when you discover GRIN emmission policy.
I'm not absolutely sure of this but I believe CoinSwap transactions appear no different than standard transactions as the swapping itself is negotiated offchain, and the only onchain data are the EC points as mentioned above. Please don't quote me on it, tho, and perhaps swing by the forums instead to get more details from people far more qualified than myself to comment. Also, as I said this is a wallet-level not a protocol-level feature. And, even so, many people on the forums are arguing for it to be default-on in the reference implementation anyway! Part of the hesitancy towards doing so may be contextualized by noting the Grin project's statement that they're designing this protocol "for the decades to come, not just for tomorrow." Many integral decisions are made based on estimations of what will be optimal many years in the future assuming the project survives. An example of this is the linear 1GRIN/sec emission policy, which despite disfavoring present-day speculative investors, makes mining as lucrative in the year 2050 as it is today (and possibly moreso, if by chance the valuation does significantly increase!) If the devs aren't willing to skew emission to present-day holders, they're not doing to mandate other solutions they feel may be sub-optimal in the long term for them either.
It was all the hype in 2018/19 along with GRIN
This is what I call a frog in slowly boiling water. ​ Not only is there XMR, but GRIN and MWC. Benefits of the latter two: smaller chain, and GPU mining rather than CPU. Differences between the two: MWC is a hard fork of GRIN that has halvenings rather than consistent printing... oh and it was pre-mined like a bitch.
GRIN.mw No adresses, no amounts.
GRIN and BEAM Litecoin, if ever MWEB is widely adopted
Just [GRIN](https://github.com/mimblewimble/grin/blob/master/doc/intro.md)
1) this isn't a community. Everyone here is in it for themselves. Some of us actually want to see cool things happen in the world. 2) yes, stick to btc and ETH. Dont worry about other cool stuff, almost everyone you ask about cool stuff will just shill their bags. Learn about stuff yourself, by reading not watching videos, and decide for yourself. 3) just because some project is cool doesn't mean you'll make money with it. GRIN is cool as shit for example, but you're not going to make money on it because of it's emission schedule. For making money, stick to BTC and ETH. Use other stuff if you have a use for it. 4) 99% of everything is a scam. A common indicator though is if they are hand wavy about what their value proposition is or how something works. Default to "it's a scam" and then wait to be proven wrong or you'll get took. Don't sign transactions unless you're 100% certain what they'll do. Get a hardware wallet and WRITE YOUR FUCKING SEED DOWN ON A PIECE OF PAPER.
GRIN Interactive tx, you cant send to wrong adress. https://www.youtube.com/watch?v=10CctQP0KjY
GRIN MW transaction method with slatepack. No need to test. https://www.youtube.com/watch?v=10CctQP0KjY
***GRIN Interactive*** **transactions**. Grin MimbleWimble already has the feature of approve-reject incoming transactions. https://docs.grin.mw/about-grin/transactions/
I wouldnt be surprised if he was working under a different name on something like GRIN that drills down on that specific problem and can be integrated into bitcoin.
tldr; GRIN Core developer @Yeastplume’s PIBD (Parallel Independent Block Download) RFC is ready for review. The Auth slates protocol allows you to use your GRIN wallet to login to online services without revealing the slatepack address or allowing different accounts to be linked. GRIN++ Developer @davidtavarez prepared the tutorial Communicating with grin-wallet API. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tradeogre no KYC. Use GRIN/BTC.. problem solved.
Rust MimbleWimble implementation [GRIN](https://docs.grin.mw/wiki/resources/). [https://github.com/mimblewimble/grin](https://github.com/mimblewimble/grin)
I think it works that way in Mimblewimble. Part of the Mimblewimble privacy protocol is to store a block as a list of inputs and outputs, strip out the transactions. This makes a block into something like a giant CoinJoin transaction, removes the implied link between a transaction's inputs and its outputs This is implemented in the GRIN coin I suggest block height is unreliable, and block hash should be used, because a tied mining race, followed by a tip reorg, requires processing 2 different blocks at the same height Also, as a general principle, a Bitcoin block is identified by its header hash. The block height is part of the data, has a role, but is not a block ID. It is an unwise person who thinks this should be changed > It would compress transaction inputs down to single a number Only the outpoint part of the tx input. The big part of a tx input is the scriptSig --- To add to the /u/pwuille comment, Bitcoin nodes accept new unconfirmed transactions which spend the outputs of existing unconfirmed transactions. Bitcoin consensus allows a dependency pair (parent and child) to be confirmed in the same block (not just a pair, but a chain). CPFP is one use of this, but it is also common to send multiple payments to multiple recipients, where each transaction spends the change output of the previous. In your design, a transaction can only spend outputs from confirmed transactions. This would delay the confirmation of a dependency chain for as many blocks as there are transactions, where all can currently be confirmed in a single block
[GRIN](https://grin.mw/) ツ and bear.
Check coinswap MimbleWimble GRIN. https://grinpost.substack.com/p/grin-may-2022-1?s=r
Basically all the privacy coins have been gaining on BTC. So XMR, but also DERO, CCX, ARRR, some days even GRIN is showing some resilience.
I’m a huge fan of LTC and MWEB, even GRIN which utilized MW first. But those are not nearly as secure and private as XMR.
That's easy cause I only buy one coin, GRIN.
Check GRIN tx interactive method. Full wallet control. Grin.mw
What's your plan? i am **GRIN** **ツ** ing right now..
**GRIN** not a problem. *No* **Amounts** ,*No* **adresses**.
so is Ignotus Peverell of GRIN..
Most vocal opponents (ime) are other privacy coin holders oddly enough. I'm glad you mentioned GRIN here, it needs some attention haha
What about GRIN? You can mine those on a laptop.
GRIN. Everytime I check the chart it makes me frown.
Cool to see GRIN having a good pump today
> Would it be possible? Yes, that's what GRIN does. The block is just a list of inputs and outputs, and not the original transactions, appears like one giant CoinJoin transaction per block GRIN is a privacy coin with hidden transaction amounts, not quote the same as Bitcoin If Bitcoin followed the same idea, then the UTXO model would have to change. A UTCO is addressed by txID and output number. This would need to change to blockID and output number. This change then cascades to the UTXO database, the transaction index, and anywhere else that uses txID hashes. The biggest effect is that by removing the individual transactions, there's no way to prove that every transaction's output amounts are less than its input amounts
The story makes several false claims to link transactions, starting with Coinfirm, a person well-known here as a spammer offering cointracking services for a fee, and well-known for never delivering I challenge the shapeshift link and the wasabi link on the grounds that they lack detail. The reader is supposed to accept the common wisdom that all coins can be tracked The GRIN link is complete bullshit. They found the IP address of a GRIN node. A network node isn't a transaction sender
GRIN, the last private meme, died. RiP
Never heard of GRIN, so that will be some heavy research since it is high risk as you say
Add GRIN then if you want something high risk.
>you cant see. Becuz no adress ​ "An address, often referred to as a Slatepack Address, is provided by the receiver. " \^From the page you just sent me. Also youre making no sense Have you EVER been on the darkweb???? THEY TELL YOU WHICH CURRENCIES THEY ACCEPT. NON OF THEM ACCEPT GRIN.
OHHHHH SO THERE IS AN ADDRESS!??!?? DURRRRRRR So again - where is GRIN being used on the darknet????? Where is it actually being used by the people who need privacy most??
>you cant see. Becuz no adress and amounts Ok how I send you GRIN if no address?
Guess that explains why GRIN is doing so well hehe. But seriously, if MW was that good it would and could be adopted by Monero. It's not new and Monero is not afraid of big upgrades and in fact has one coming down the pipe. Also, what, of chose you can deposit Monero so I'm not sure what you're on about. I don't think you can name a coin that has more uptake for it's market cap. Even coins in the top 10 have less real world usage than XMR. Liquidity pools and defi also exist, though not as widespread as LTC of course. Not that I would loan out my XMR for tokens but I know some people are into it. I'm no Litecoin hater, genuinely. I have some, use it occasionally, but the bottom line is I'd be hesitant to send payments received in LTC to a KYC exchange, because you never know.
More of a scaling upgrade, really. MW [isn't that private](https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52). And to be fair, the [rebuttal from GRIN](https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9).
Crying in GRIN Happy bday GRIN
Like many others here, I'm into privacy preserving coins. GRIN! More than xmr even! Because it is faster and more scalable. But this will receive downvotes from all the monero holders. Happy birthday GRIN I love you
When I started to invest in crypto I was in kind of a FOMO mode and did a invest first, research second. Now that I've settled it's the other way round but I guess a lot of people fall into FOMO mode in the beginning especially in a bull market. Lucky enough I didn't do something stupid, just lowered my profits because I traded to much and made some odd choices for my more risky investments (like $LACE, $CRP and $GRIN) which did not work out so far. And I traded too much back and forth (DCA strategy and hard wallets help a lot to overcome this weakness). But all in all I'm fine with the approach I really learned a lot in very little time. Sometimes it needs some adrenaline to get into the mode to learn new stuff.
GRIN also had an inflation bug that was caught by one of the core community members. So while they could be neglecting crucial code to prevent a bug like that and not many people are smart enough to review and add it into code, the development team are typically also the ones scrambling to clean up a problem with original code.
GRIN for monero's privacy reasons + scalability
GRIN - the worst investment, but the best crypto
GRIN miners...getting ready for a bear and need stuff I believe in long term. I'm hodling long term at this point anyways
GRIN because it has nano and monero traits with fair distribution and scalable network
Something private! Since you'll hear monero again and again, I'll say GRIN, built on mimblewimble and (what seems to me) a great time to buy
Shocked because I confused GRIN and Grim at first.
GRIN is fast, scalable, private
Yes, it's called mimblewimble. Very similar to the security protocol used on GRIN bit secured by the Litecoin network and merge mined with DOGE. You essentially have incredibly fast and cheap transactions, decentralization, a symbiotic relationship with Bitcoin, a long history of performance with zero downtime, broad adoption, meme value (i.e. doge), and optional privacy features giving it true fungibility while being in compliance with regulators. And people wonder why I say Litecoin is undervalued.
It's been a long time since I saw GRIN in the top gainers, I thought it was long dead
Needs more users to urge utility (exchange support, sellers accepting GRIN) Users will not come because tokenomics (imo, misunderstanding affects of perpetual supply) Tokenomics in one way fosters utility and in another hurts it by scaring participants away
BTC, ETH, SOLANA, AVAX, TEZOS, ZCASH, GRIN, BEAM should still matter in the coming years
Monero and GRIN two personal faves but they're like the old guard of Crypto when it used to be about breaking away from governance. Now it's all about dogs, billionaires and corporate buzz terms.
GRIN - I wasn't grinning after that. Still waiting for binance listing Raiblocks / Nano - "We have suffered a stolen" Opium - I did okay but also lost some ETH which I gave to Alex Saunders as part of the pre-investment seed round (google his name to see what happened) Elastos / Snovio / Banyan - nothing special, just some terrible asian coins from the 2017 run Banano - got a big airdrop and managed to lock it forever in a vault Lonely Fans - was a crappy investment to start with, but send funds to the contract address by mistake Pokomon - Was an okay investment, had I not bought the fake coin on uniswap - oops
GRIN for private scalability, built on mimblewimble which is beautiful if you appreciate maths
Try GRIN. u cant send to a wrong adress.
I’m not being rude, this isn’t sarcasm. I legit forgot GRIN even existed. Just totally dropped out of my head…
Everyone complains about shitcoins and scam, but still has no interest in GRIN, which had a fair start and fair monetary system. Check it out, its worth your time \*golden theeth shows while grinning\*
Damn I remember the hype about GRIN when it came out like 2 years ago and its getting delisted now. Don't trust the hype
Bitcoin has privacy when used carefully. Most people don't care. That's why GRIN and BEAM have nearly zero adoption. Watch Litecoin's MWEB rollout for a year. The adoption will be so small it will be as if it never happened. Why bloat the node software for something nobody will adopt? Smells like bike-shedding to me
Listing the 7 mentioned coins here for those that can't access the website: 1. Grin (GRIN) The cryptocurrency Grin, which at the time of writing has a value, according to CoinMarketCap, of €0.3112, can be mined with GPUs. It was developed in 2019 through the MimbleWimble protocol, which aimed to build an anonymous, scalable and lightweight blockchain. 2. Ethereum Classic (ETC) It is possible to mine Ethereum Classic with GPUs and video boards with 3 or 4 GB of memory. Ethereum Classic is a decentralized platform that runs smart contracts. Its native cryptocurrency is ETC, which is priced at €40.54 at the time of writing. It was born from Ethereum in 2016 after the hack known as The DAO. 3. Zcash (ZEC) When it was launched in 2016, it was said to be the alternative cryptocurrency to bitcoin. Even Edward Snowden supported Zcash, since its system encrypts all information, making it untraceable. Currently, Zcash is priced at €91.91 and can be mined with GPU or CPU. 4. Monero (XMR) Monero is another cryptocurrency that is easy to mine, since it can be mined with GPU or CPU. Currently, its price is €212.48. It is also an untraceable cryptocurrency and is considered the cryptocurrency with the highest level of privacy at the moment. 5. Ravencoin (RVN) It was created in 2018 with the bitcoin code and using an algorithm called Kawpow. In other words, it is another cryptocurrency that was projected from the original bitcoin. It is mined with CPU or GPU and using the Proof of Work (PoW) technique. The price at the moment is €0.08145. 6. Vertcoin (VTC) In this case, the Proof of Stake (PoS) technique is used. It was also created (in 2014) with the bitcoin source code. The current price is €0.3862. Its official website reads: "Mine vertcoin with your computer at home. The way bitcoin was conceived." 7. Feathercoin (FTC) Although, logically, it is more efficient to use a GPU, Feathercoin is another cryptocurrency that can be easily mined with CPU. It is currently worth €0.01635. It was launched in 2013 as a fork of litecoin, it is capable of processing one block per minute and the total supply will be 336 million coins.
TradeOgre has a range of privacy coins too...monero, GRIN, BEAM, pirate, mwc...
GRIN for decentralized privacy!!
Max size on INT datatype in C++ is 2147483647 Maybe that had something to do with it? I personally prefer to use BIGINT libraries or just python where you don't have to worry about data types and have an unlimited supply of coins, albeit, at a slow pace (e.g., PIVX, GRIN, etc..,)
So sad no one knows about GRIN :/
Little guy miner here using an asic to mine privacy token GRIN. It takes a lot of effort to keep monero ahead of the asic development curve, a lot of developer's time and focus that could be shifted elsewhere imo
Here I go for downvotes, but hopefully bring some attention. Monero is NOT my favorite privacy coin. It beats out ZEC and DASH, but my heart goes to GRIN, which has been losing me money since inception. I just really believe in the project
Coinbase listing shit centralized ico s and cry now? Told ya to GRIN boss..
GRIN...alone in my endeavors