You can exchange transactions with anyone off-line. You both have to have machines either simultaneously online or have offline machines that can still communicate with one another via QR codes. After that, one of the machines directly (or via proxy) communicates the signed transaction with the rest of the world and it gets into a block. Nobody knows who sent money to whom. Nobody knows it was the two of you who exchanged the transaction, unless you broadcast it to the world using your own IP address. It should be very easy to make Point-of-sale devices based on old cell phones, and to make android wallets for use in stores. The blockchain doesn't need to keep old transactions, only their kernel (afaik, the signature). Pruned nodes need to keep even less info, so it should scale very well, unlike Monero, which still needs to keep some portion of the blockchain in pruned mode so you can pick random transactions to mix yours with.
Now back to Grin: Davinci 15 (the youtube bitcoin prophet) and Theymos (the r/bitcoin censorship artist) both endorse it. It's very hard to mine. People put millions into mining hardware just waiting for mainnet release.
Daniel Hill
Yeah, in the short term. No one should look at mined coins until they have like 50%+ of their total supply mined. The first few years is just miners dumping because inflation is so high.
Carter Young
what about scalability? what's the size of the outputs? fucking spoonfeed me i'm too lazy to google I got 5 new trap videos downloaded and gotta chekc em out first, be back after i've nutted I sure hope an answer by then
Jeremiah Nelson
Grin is the next Litecoin Greg Maxwell was pre-mining Litecoin together with Charlie Now LTC is dead Grin is the new LTC, a shitcoin, an altcoin, where the initial supply, the first 1 year is basically pre-mined by Greg and his friends
To mine the coin right now, not even a week after its launch, requires a specific set of GPUs, they have this "2 functions of PoW, cuckatoo and cuckaroo", with more shit thrown in - that only the designers, Greg and friends, know how to optimize mining - their GPU farms and ASCIS, to get the most of the coin the first year when more than 99% of its total supply for next 100 years will be mined
They will be dumping this shitload the same way an elephant dumps a huge turd - fast and hard, the same way those same guys were mining bitcoin silently on their laptops in 2009, and mined 2 million - a group of less than 100 people...
Thanks but not thanks
Landon Hughes
I've never seen before that much bullshit in just one post. Congratulatons.
>being that low I.Q. There's no halving like LTC or the other currencies. So, no reward for being an early miner or investor, stupid imbecile brainlet.
