[bisq-network/growth] Review GRIN listing on Bisq (#205)

Blade Doyle notifications at github.com
Mon Nov 8 22:26:24 CET 2021


> * Centralized mining 84.4% of known hashrate from one pool
> * Inflation bug and 51% attack
> * Dying project without active developers
> * The community too small
> * Low volume at the existing exchanges
> * Many technical issues with Grin transactions

The mining centralization is an issue, but not as much as you suggest.  the 84% you see is for pools, that one pool has 84% of the pool hashrate - but only 68% of the network hashrate.

Every crypto project has the risk of bugs.  Its true that Grin had an inflation bug but it was identified and fixed almost immediately.  Its true there was successful 51% attack against an exchange using grin.  This is not uncommon.  Although ASIC have centralized mining for Grin, it has minimized the risk of 51% attacks going forward.

The community is currently small.  But they have both a development fund and a community project fund.  The original devs were very exclusive at first but most of them left so there is space to fill and funds to help fill it.  Being part of Bisq can help increase awareness and use of Grin.

ya, p2p interactive transactions are hard to fit into existing models.

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