meh, I follow Lightning development closely. I support Grin because I believe in the idea. I don’t really care how the idea is achieved. I would cheer on any project that seems to make steps towards it.
I don’t think you understand the experiment. This never was and never will be a get rich quick scheme. Grin may succeed without making people wildly rich.
Even if you’re right, who cares? Grin doesn’t need exchanges, day traders, or any form of gamblers to be successful. Grin just needs to be usable as a cash system, available to refugees of the old-world fiat systems.
Grin can only ever achieve 10 transaction per second. In the grand scheme of things, this is unscalable. This can not be fixed or changed. If gr,in can not scale at the transactional level, people will never use it as currency or store of value standard
Using Mimblewimble protocol, the size of the blockchain remains small which makes it easy for anyone to run a full node to support or mine the network. Transaction size is small as well.
Interactive transactions don’t really make it easy for the average joe to adopt the cryptocurrency grin. Without normal users adopting the currency it will simply die out. The slatepack transactions don’t scale to mass adoption & it is just too difficult to learn.
You are a new member @AESOP. grin docs and grin forum will give you the answers.
Grin currently on a good day has maybe 100 nodes online. This currency was ever going to scale to wide adoption. It would need Millions of nodes online, simultaneously, which is not achievable. Grin’s privacy is built on a mesh network, and it requires people to use the cryptocurrency to have true privacy. It’s been 1333 days and only 100 nodes online.
Online nodes are much more. You probably talking about public nodes.
Markets will have a hard time at listing privacy coins. Most exchanges won’t list any of them for the honest fact they can’t. Indeed, if privacy coins get filed onto exchanges, it won’t be grin for the pure fact it’s just too private. It will be last to be registered if they really chose to list privacy coins.
Nothing more amusing than a guy telling you a project is dead on a forum and specifically telling us to buy BTC. Take it in this analogy, did you ever bother to go to a graveyard to tell the buried they are dead? You taking the effort to create an account to tell us this shows that this project is very much alive. Just be honest, which of the following is your motivation:
A) Shorting Grin/BTC pair, “please sell, I am going bankrupt since Grin outperforms BTC at the moment”
B) “I want to hord up on Grin, please sell it to me at a discount.”
C) “I was hired to create FUD, please buy into statements without arguments so I do not get fired”
But hey, thanks for taking the effort to create an account and amuse us all. You are welcome to participate in the next Grin is dead meme contest. You can win some free Grinnies if your are entertaining enough
You might think its a failed project, but I can tell you this, the guy on Tradeoger over the last 2-3 weeks who has been spending 1-2 BTC a day and pushing up the price does not think so. I wish he also thought it was a failed project, the guy is costing me 1000s of Grins as he keeps pushing the dam price up! Maybe you can talk to him!
So if Grin will trade below 500$ by 2025, why would I sell… That would be massive gains. I highly doubt Grin will go up that much FYI. If I had any fiat left I would buy more Grin and more BTC right now, unfortunately I already spend all I have shopping crypto this dip.