one of the best and most fair distributions that any coin ever had
inflation is getting noticeably lower
high probability of infulential crypto people being Grin supporters/holders
low liquidity on the exchanges will result in huge pump when/if hype for Grin kicks in
solid supporters that are not part of the core (Grin++)
support of early bitcoiners (not sure if still valid)
first ASICs are happening
No solid community of early adopters. (Even that the rules of the game were clear from the start, most of them bough in anyway, and are now rekt, so they moved to different projects.)
Still hard to use for average crypto user (both technical reasons and lack of education)
No perspectives of exchanges listing Grin (unless money from the fund gets spent or influential holders act)
Devs getting paid huge salaries (off-putting for external contributors, makes the project less cypher-punkish and against it’s roots)
Devs not having skin in the game (no incentive to care about Grin’s price, if they are paid in BTC)
people are complaining on various stuff and noone forked the chain yet, so perhaps people with technical knowledge to do so don’t think it’s worth bothering with
most ASICs were cancelled, current ones are not selling very well
Overall: this is high risk/high reward project. It might stagnate or go down further but if for whatever reason (organic, influencer pump) Grin starts gaining popularity, it will skyrocket very fast. Which is more probable? Who the fuck knows.
A controversial fork could very well destroy this young coin. And even if it did survive, considering the limited size of the dev community, both coins would likely be even more centralized (one of the biggest complaints about Grin currently).
Hi David. We really need your opinion if Grin with the development fund can make its own exchange, let’s say just one pair GRIN / USDT. So all people in the world just need to exchange their local currency with USDT whichever exchange they want, then with USDT people can get GRIN and can start trying to transact with funds in their own wallet on an Android phone.
In my opinion, this is an important step, because it is very difficult to buy GRIN and none exchange support slatepacks at the moment.
ASIC it is not about Cypherpunks it is Centralization and slavery where no exit for Cypherpunks community.
Developers and Grin Core make a big mistake when loose miners. Miners it is guarantors without them coin is useless and price action establish it. No one need such thing.
ASICs address a vulnerability that couldn’t be avoided by cypherpunks. There’s little difference in other approaches. In economies of scale the little guy always loses. You can hardly get your hands on the new gpus or suitable cpu for randomX and you pay an artificial premium for them. You’ll never get your roi, certainly not with randomX
Grin need anti-pool protection and algo need not allow for pool node have all rewards in grinnet only one reward for node per day. Some coins have only solo mining. Pools are centralization and dangerous chitters they alredy crashed this coin and compromise it by 51% attack.
I think this is both advantage and disadvantage, depends on the view point.
I think it is true that it makes developers care less about grin price, but it allows them to focus on what they are meant to do: solving technical problems and implementing new features. I choose to see it as an advantage because it protects Grin from becoming some kind of vaporware technology that does not even exist yet it is heavily advertised and already delivered in a shiny box.
I get the logic of being paid in grin, but we arent a dev tax coin. Donations come as they are. I dont think anyone should be taking liability to trade it into another form unless it is for their personal use. Also, as much as it might hurt, the best option is to retain the most value and they made the correct decisions based on all of the above. (More directed at GrinDarkNetBank)
Grin could be successful if it just kept up the shine which is hard. And just progressively became more cool. But people have the attention span of a goldfish and they want new, because it seems the money flows to new now and just flows right out to the next new thing.
Grin could be successful if it was usable. What crypto is? This is all just a speculation cesspool until somebody cracks the distribution nut and makes something people want outside of the price. But this is not a popular opinion. Better to just sell to the same people forever.
This is a very pessimistic view, but I don’t have any crypto so it’s easy to just be real about it. People get upset because they are invested. They’re defending their wealth. It’s hard to be critically analytical in that position.