Is GRIN heading towards self-destruction?

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dave69Member
Posts: 1 · Reputation: 128
#1Mar 29, 2023, 05:55 PM
I've been following this coin for a while because it was open-source, had privacy features, and all that new tech stuff. But honestly, after nearly 10 years, there’s still no real use or adoption. Even though the community pushes for more usability with wallets, exchanges, and coin swaps, the GRIN team seems to resist these changes. They've got that old Bitcoin development FUND from donations ages ago, but there's been no major updates for years. On their pages, I saw something interesting about Governance. They flat out say they don’t plan to boost the token's value. Sure, they do some updates to the Grin protocol and related tools, but it doesn’t seem to do much for demand. It’s not like GRIN had an ICO, pre-mine or instamine, but the same team has been at it for almost a decade and it's still buggy and not usable. There’s no P2P support, no liquidity, no real user base, and just one centralized exchange. Could be that they’re just not good at pushing adoption, or maybe they’re purposely dragging their feet. And about the emission thing... so the founder, Igno Peverell, claimed that GRIN’s emission was predictable and perfect for proof of work. But after he left, the team started bringing up inflation as an excuse for the coin’s struggles. When you compare GRIN to others like Doge or Monero, which are doing well because they focus on adoption and usability, it’s pretty clear where GRIN is falling short.
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raven1337Hero Member
Posts: 530 · Reputation: 3357
#2Mar 29, 2023, 07:26 PM
When we have serious anon protocols such as Zcash or XMR. Why did people need to shift to Grin? The main purpose of Grin is still unclear. If the dev was serious enough, they would bring this coin into the some cexs to get the demand, while the fact they let their coin die. The dev GRIN was never be serious since they introduce this coin.
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