After just over 2 weeks of grin being live, I’m disappointed by the way the industry around Grin is shaping up. Of course it’s early, but I’d rather not this be an indication of future direction.
Grin was started with as fair of a launch as possible for what’s under our control. We did this for good reason: we believe in Grin’s mission. I think I made pretty clear that to continue forward, the project would still need help. And yet yeastplume’s campaign is still very far from being even 10% funded.
The lesson for every development or research team watching looks pretty clear: more scammy ICOs for more money and a lot less work. Perhaps forcefully taking 20% of all rewards is the only way to get any contribution out of the mining industry. Are those the conclusions you want to impress on everyone in this sector? Because if greed feeding on itself is the only lesson, then this space truly deserves a really long and hard winter. A lot more creation is needed to reach escape velocity, and that won’t happen if everyone’s goal is just feeding off it.
To be clear, this isn’t addressed to the existing community that has been extremely generous and admirable at supporting us over the last 2 years, when things were a lot more uncertain. This is directly addressed to some of the new funds, miners, mining pools and exchanges that have entered this ecosystem since the launch and benefited from it.
So please, forward this to those you think this message concerns. Perhaps a Chinese translation would be a good thing. Make everyone aware of our needs. We have a long way to go, this can certainly be fixed. And keep in mind that Grin will profit infinitely more from the contributions of a great developer like Yeastplume than from any single additional miner, exchange or fund.