In the middle of the night one day in August 2016, a mysterious person with a pseudonym named a character in the Harry Potter series, Tom Elvis Jedusor gave a primitive sketch on the Bitcoin IRC page. Shortly thereafter on the Reddit community heatedly debated, cryptographers tried to decipher what the document was trying to say. Two months after another anonymous person, Andrew Poelstra brought up an extensive and detailed development of the original document. Three weeks later another anonymous person also named a character who invented an invisibility cloak in the Harry Potter series, Ignotus Peverell followed the development and came up with a full protocol on Github with the name MimbleWimble and the coin is Grin. In just a few weeks, the project attracted many researchers, all anonymous to the names of Harry Potter characters, who exchanged work via email. MimbleWimble is the name of a spell in Harry Potter used to tie the tongue of anyone who wants to reveal secrets and Grin is the name of a witch bank in that series. The project was developed under the fund of donations from the community, which immediately attracted many sponsors from many mysterious organizations and many large exchanges. The goal of the development board is to launch mainnet in 2018 but then be postponed for safety reasons. On January 15, 2019, Grin officially launched the community. Elsewhere, a development team on the MimbleWimble protocol to develop Beam copper, the group is not anonymous, has a development company, although it was born later, Beam had launched a week before Grin. The goal of Beam is to enter the top 5 coinmarketcap, Grin’s goal is to replace Bitcoin!
Bitcoin is already dead. Until people understand and accept this, nothing can happen. Bitcoin must go down to 8500 then below within 6 months or the whole industry dies.
A koan: Unless you hate bitcoin more than Rouhani, you don’t love bitcoin at all.
Attribution of value to money is a social-psychological phenomenon, and from that perspective, Bitcoin will always be gold.
Bitcoin is like an old girlfriend you can’t get rid of - just go away already, you old tramp!
MW is not replacing bitcoin; ripple maybe, litecoin probaly; but not bitcoin.
Also learn to paragraph and this is ancient history no?
Obvious troll, is obvious.
I think of bitcoin as its own animal. It doesn’t need to be a perfect money, or perfect digital gold, it’s a new concept. A distributed network for the transfer of value, with different protocol layers. So to be honest, using old-world analogs for bitcoin, like money and gold really doesn’t jive with me 100%.
But yeah grin and bitcoin are both super rad.
Chart of the Day: Daily Grin volume on Poloniex since near launch.
Levels seem to have returned to normality following recent run-up.
Thats a sharp spike, can beam die; plz fam, plz.
Show me that .0005 so my fargile faith in market sanity can be restored
and can we please not follow beam on its next wild goose chase dream.
$3.10 and falling. Ouch.
Have you looked at the charts? Grin is finally looking like a real cryptocurrency. After we broke $6-7 we’ve been falling down to $2.98 today. We’re back at support around $3-4.20. Once the first ASIC miners are released, I believe the next jump is $10-12 and back down to support at $6-7.
I want to be $2 to buy more
network upgrade will take place in about 30 hours from now
I believe that’ll be tonight or tomorrow. I was about a week off.
No one needs to follow bitcoin over the cliff… it’s not necessary.
Id be more worried about following you.
I’d worry about that too, given my history!
It’s all very amusing when you’ve no skin in the game.
Grin seems appropriately ranked in a long term view at
https://messari.io/onchainfx/view/B3EAFFCA
(not replying on twitter as I have no twitter account)
Point noted.
But let’s be honest; Marketcap for a cryptocurrency is a dubious metric at best. Projecting it forward to 2050 to get a relative rank based on current price seems even more dubious.
Most of the coins in the top 100 probably won’t exist in 2050( there’s going to be lots of shuffling/ re-balancing) Bitcoin dominance is either going to be much less or much more.
I’d also hope that if Grin succeeds, then it’s not going to be number 5 in 2050. More like number 2.