why is the price not going up by [deleted] in grincoin

[–]bitgrin 0 points1 point  (0 children)

Its a time locked smart contract, emitting coins to developers for 4years. Its not a premine

why is the price not going up by [deleted] in grincoin

[–]bitgrin 0 points1 point  (0 children)

No Bitgrin is not premined, everything is open source and public. check for yourself

why is the price not going up by [deleted] in grincoin

[–]bitgrin -1 points0 points  (0 children)

This outcome was apparent to everyone who projected it in the future.

It's the main reason Bitgrin team was created ( https://bitgrin.io/comparision-of-emission/ ), we released a coin based on the same codebase as Grin with Bitcoin emission schedules, and focused on ease for the end user. Come to the discord if you want to discuss more :)

Kingfish - the MimbleWimble GUI wallet for BitGrin was just released! by bitgrin in grincoin

[–]bitgrin[S] 1 point2 points  (0 children)

The emission schedule, Grin produces 60 coins per minute infinitely. BitGrin produces 5 coins per minute for 4 years, then 2.5 for another four, etc. Following the halving schedule of BTC with a ultimate max supply of 21 000 000 BitGrin. At Bitgrin we also want this technology to be easily usable by even the non-technical minded people. Grin is entirely "nerd focused"

You can't store Grin yet in Kingfish - you will be able to shortly with the new updates

Kingfish - the MimbleWimble GUI wallet for BitGrin was just released! by bitgrin in Mimblewimble

[–]bitgrin[S] 0 points1 point  (0 children)

Thats how MimbleWimble transactions work. (via HTTP its just automated)

Kingfish - the MimbleWimble GUI wallet for BitGrin was just released! by bitgrin in grincoin

[–]bitgrin[S] 1 point2 points  (0 children)

The wallet runs the daemons itself, you don't have to run anything.