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VeradiVerdict -Grin- Issue #20

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
January 15 · Issue #20 · View online
VeradiVerdict
Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing into blockchain companies and cryptocurrencies. I focus on early investments and want to share my thoughts and what’s going on in the industry in this weekly newsletter.
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Editorials
Today marks the launch day of Grin, a new project built on top of a privacy protocol called Mimblewimble. MimbleWimble protocol that addresses the privacy issue through a different blinding factor approach and the support of the CoinJoin system. Unlike the Bitcoin protocol, MimbleWimble will not reveal transaction addresses or the amount being sent/received, while cuts out the complexity other privacy protocols have generated. The blinding factor here is the CoinJoin system developed by Dr. Greg Maxwell which combines multiple transactions into one block and clouds the transaction graph. Therefore, instead of taking up a lot of storage for the data on transaction information, Grin does not increase blockchain size as its transactions accumulates. 
Besides Grin, Mimblewimble has other implementations such as Beam. Although both coins share the privacy-oriented protocol, Beam follows the traditional VC-funding route (like ZCash), speeding in full development while Grin maintains its community-driven approach (like Bitcoin and Monero).
People have been talking about the Grin launch because there is no form of investment or founders’ reward that assisted in the launch of this coin. The development of Grin is entirely funded by donations and the community and the supply starts from 0. This entire structure is very similar to the Bitcoin narrative and thus making it more attractive for the spectators than other ICOs. 
Firms like Altonomy has already announced that it will provide OTC trading for Grin and several OTC platforms have witnessed discussions and transactions of Grin. 
To participate in the actual mining process, join telegram communities where suitable graphic cards are recommended. Currently only Linux or MacOS systems support Grin miners, and Grin’s Github page provides a pretty detailed mining prerequisites as well we set-up guide. Windows users can use Gringold and Grinpro miners). To ensure you get a block while mining at home, join a mining pool and provide your hash rate to the pool to be compensated with Grin. There are several mining pool communities for Grin and they can all be found on its Github page, 
Some people have tried to mine Grin on the testnet, and since the coin launches today, their methods can be applied on the official network. GPU is required for mainnet mining. To do so you may also download the prerequisites, ensure there is enough memory, and follow the Blade Doyle mining guides in your terminal (this can be found on medium). 
Digests
Overview of the Crypto Mining Industry in 2018: Will the Struggles Extend to 2019?
Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 14
From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams
3 top crypto investors give their 2019 predictions for cryptocurrency - Business Insider
In the Tweets
(This following tweet is a good meme)
Haseeb Qureshi
Ethereum Classic ($ETC) was 51% attacked yesterday. This is the largest cryptocurrency that has ever been 51% attacked, and it has really interesting implications for the future of PoW currencies. Thread. 👇
5:45 PM - 8 Jan 2019
CryptoScamCentral
😂😂😂 See McDonalds response tweet https://t.co/pHHgfhaDrD
7:46 PM - 13 Jan 2019
@Beamprivacy
CRITICAL VULNERABILITY IN BEAM WALLET 9.1.2019 20:20 GMT Critical Vulnerability was found in Beam Wallet today. Vulnerability was discovered by Beam Dev Team and not reported anywhere else. Vulnerability affects all previously released Beam Wallets both Dekstop and CLI.
12:32 PM - 9 Jan 2019
News
Crypto Startups Are Fleeing The U.S.—This Bill Is Trying To Stop Them
Latin American P2P Bitcoin Markets Defy Global Trend to Set New Records
Cryptopia Exchange Hacked: 'Significant' Losses Reported - Bitcoinist.com
BCH Developer Unveils Xthinner Scaling Protocol – Claims to Compress Blocks by 99% - Bitcoin News
Regulations
Canada’s First All-Crypto Legal Firm Opens Its Doors to Global Clientele | Bitcoin Magazine
How the US Government Shutdown Is Halting Crypto Progress on Wall Street - CoinDesk
Vermont State Government Launching Blockchain Insurance Pilot - CoinDesk
New Products and Hot Deals
Arrington XRP Leads $1 Million Funding Round in Dapp Economy Startup - CoinDesk
Bittrex Launches Over-the-Counter Trading Platform for Bitcoin, Crypto | Bitcoin Magazine
Qtum Completes First Atomic Swap With Bitcoin on Mainnet | Bitcoin Magazine
Meet with Me
San Francisco, niTron Conference, January 17th - 18th
San Mateo, Grin Conference, January 28th
Palo Alto, Stanford Blockchain Conference, January 30th - February 1st
Additional Info
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