The magical and mysterious origins of Mimblewimble became even more bewilderingly seductive as a cast of characters formed around the launch of Grin; whether Peverells, Flanels or Tromps. As memory serves NVIDIA released a Grin branded GPU, and MW caused more stir among Bitcoin core developers than had been heard since the blocksize debate.
The 1 Grin per second I recall driving away many people over time, but now weāre years into the network yearly inflation is nearing 10% and I wonder if sentiment will change?
Certainly, continual inflation is most likely a more sustainable model than a fixed supply. Every POW coin I know which has been āmined outā slowly dies away, and if Bitcoin is to survive it will be the exception to this rule.
To be candid I was so stunned by the low price and marketcap of this project imbued with so much greatness my interest was aroused once more, especially when considering the investment opportunity.
But I digress ā¦
I came here to ask you who have been here these many years:
What did I miss news-wise?
What has tanked the price?
Are you still confident in Grinās fundamentals and future?
I saw a statement in these forums indicating Grin controlled a fund of some kind containing roughly 22 bitcoin. Is this correct? And what are the plans for this money, if yes.
If Warren Buffet were to say that thereās blood in the streets of Godricās Hollow, weād understand the resulting opportunity that presented. Thanks in advance for your opinions and input.
@gig Great article. I added it to the Grin Hub page under āExternal Articlesā:
What did I miss news-wise? Grin has been called dead nearly as many time as Bitcoin, which must mean we are doing something right because no one would take the effort to call an alive project dead. Governance is near inactive right now, developers are enjoying their holiday in Hogsmeade . As a result, instead of paying developer I have resorted to tinkering with the code of grin and grin-wallet myself, whether that is a good thing remains to be seen. Development wise a lot of good things have happened such as the move to contract flow payments, bidirectional payment proofs, Parallel Independent Block Download (PIBD), MWixnet (CoinSwap), and plans for default Payjoins, Most of these development are (very) slowly accumulating but not quite yet far enough tested to be released upon the world. Having lack of developers and testers makes the develop-test cycle slow and uninspiring.
What has tanked the price? Voldemort obviously tanked the price to buy enough grin to avoid any malicious manipulations of grinās price in the future, except for his own insidious plans to bring grins price to 0 .
Are you still confident in Grinās fundamentals and future? Nothing has changed, except a few grey hairs and longer beards among community members . Having said that, being part of a ādeadā community does lower the spirits, perhaps Cadmus can use his insurrection stone to pour some life in the community .
I saw a statement in these forums indicating Grin controlled a fund of some kind containing roughly 22 bitcoin. Is this correct? And what are the plans for this money, if yes. Both the Original Council (OC) and the Community Council (CC) holds vast amounts of funds, without developers to pay they are just there to catch Bitcoins 4 yearly appreciation. OC holds 41.7 BTC for long term development the CC holds some 22 BTC funds for development. Financially there is no issue whatsoever, but being dead and all that is not that much fun either, which is a pity. Maybe we can buy our-self a golden gravestone.
I hope that ābeing deadā does not lead to more outflow or giving up of long term community members. Being dead is not even that big an issue, as long as we all can have fun in the process. Perhaps we could learn something from how the Bitcoin ordinal community deals with dead.*
Excellent. So no hacks or protocol fails? Thanks for the detailed reply and Iāll have other replies to address some of your other comments, but for now Iāll quickly comment about this:
If I can ask, whatās your role and who are you to Grin? Not sure if tongue in cheek, but Iām glad the devs are taking a rest, and I hope tinkering will ramp up in due course
Thatās an insane amount of funds. Presumably a good chunk of it is appointed to pay developers? IIRC I read on X about a Grin dev trying to raise funds? Iām not sure if this anecdote is fallacious, but assuming not itās hard to imagine such a situation arising when OC and CC hold a kingās ransom.
What is the mechanism through which the funds can be spent? Some kind of vote? Thanks
Great article. I added it to the Grin Hub page under āExternal Articlesā:
Thanks again! Perhaps Iāll write more on the subject soon ć
I am as my name implies no one and anyone. My āroleā in the project is just a community member, but I also happen to be in the CC so I help manage the governance of funds for development that helps the community and Grin in general. Since very recently I am also working a bit with the code, since āgoverningā without developers became rather fruitless.
. As a result, instead of paying developer I have resorted to tinkering with the code of grin and grin-wallet myself, whether that is a good thing remains to be seen.
.
. Having said that, being part of a ādeadā community does lower the spirits, perhaps Cadmus can use his insurrection stone to pour some life in the community .
