Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
by
Coin_trader
on 19/11/2019, 02:42:35 UTC
Just a heads up guys, it is not a good Idea to be Holding right now.

Quote
Grin still affords a stronger privacy model than Bitcoin or other non-privacy coins, since amounts are safely encrypted. But Mimblewimble provides a strictly weaker privacy model than Zcash or Monero. This makes it insufficient for many real-world privacy use cases.


https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52


This is not FUD, just a heads up. I'm sure the Devs will address the issue if its possible.

I havn't spent any time in looking into this but wanted to give you guys a heads up asap.
Thanks to cAPSlOcK for pointing this out.

I'm a $GRIN fan and bagholder, I don't care about the privacy that they are facing right now but I'm unloading my big since yesterday, I'm more on chart analysis rather than the development. I'm not selling because of what you said. The chart of $GRIN is really bearish right now due to the effect of Bitcoin price. I still have high hope on MW protocol and probably will enter again once this bearish season was over. Can't afford to lose way higher if I stay on alt coins.

This has not shaken my faith in Grins dev team but it looks like the protocol itself will need to be addressed and repaired so maybe a relaunch of the coin or a hard fork will be in order.

Relaunch is not necessary for the linkability issue of Mimblewimble protocol. I'm not pro at codes but hard fork is what I'm looking for as the best possible solution to address MW issue.
They can add a new way to improve MW so that the linkability issue can be solved. Grin is a solid project and I have 100% trust in devs. I'm sure they will come up with a solution to this issue
besides forking the coin.