Satoshi's Vision

Editor's Note: This article comes fromLianBit (ID: William1913), Author: William Chen, reproduced by Odaily with authorization.

Editor's Note: This article comes from

LianBit (ID: William1913)

LianBit (ID: William1913)

, Author: William Chen, reproduced by Odaily with authorization.

(Grin has been mentioned many times in this article, which does not represent investment advice. If you want to talk about investment advice, it is strongly not recommended to invest/purchase Grin under the current market conditions)

I seldom put the disclaimer at the top, but because I feel that the content of this article is to guide investment after reading it, it is better to declare it in advance. Grin is cool, the technology is cool, the community is cool, the concept is cool, and there are many advantages, but there is no such advantage as "can increase", so please invest carefully.

Well, the text begins.

Grin core developer, Gary YU commented on Mimblewimble technology and said: "It has removed the two biggest obstacles for the ultimate realization of Satoshi Nakamoto's dream of decentralized electronic cash." Because compared with the previous anonymous technology, MimbleWimble is easy to use and efficient features, and for the first time realizes the unity of privacy protection and capacity scalability.

In short, mimblewimble technology is a milestone in the anonymity technology of encrypted currency, and a bitcoin that can protect privacy more than the current bitcoin seems to be Satoshi Nakamoto's vision at that time.

Satoshi Nakamoto is the god of the cryptocurrency world. The white paper he wrote and the few words he left on the forum have become the text content that people will ponder carefully in the future. Through the information disclosed by Satoshi Nakamoto, people can understand that Satoshi Nakamoto’s vision is not to allow Bitcoin to challenge the currency, the US dollar or gold, let alone challenge the sovereignty of any economy. up.

Satoshi Nakamoto's original vision is just three simple points:

1. A freer electronic cash. You don't need the permission of a third party, as long as you want, you can transfer the coins in your wallet to anyone, no one can restrict you, you have all the freedom of transfer.

2. A more stable currency. Unlimited inflation is the root problem of all legal currencies, and it is also a problem that ordinary people cannot resist. If wealth is diluted, you should take action.

3. A more private asset. Whether you hold coins, how many coins you hold, where the coins come from, who you gave them to, etc., no one can know, no one has the right to know, this is your privacy.

Among these three points, Bitcoin has achieved the first two points very well. No one can limit your bitcoin transfers, and no one can oversend bitcoins. The total amount of bitcoins is constant, and the bitcoins in your wallet will always belong to you.

But what about the third point? Although Bitcoin is much better than all fiat currencies in terms of privacy, it is far from enough in the eyes of geeks. Even in the eyes of the Bitcoin community, Bitcoin should have better anonymity. Schnorr signatures, Taproot/Graftroot technologies, and exploration of various side chains/Lightning Networks are all attempts by Bitcoin developers, hoping that Bitcoin transactions can have better anonymity.

Bitcoin needs a more anonymous future, and the "turned out" of Grin at the beginning of this year ignited this discussion (in fact, Grin has been proposed for many years, but it was actually launched in January this year), and it is a bear market where everyone really has no new topics. Coupled with Grin's very cool technology, a community with no private placement, no pre-mining, no desire and no demand, hidden developers behind it, and most of them are platforms for bigwigs in the Bitcoin world, etc., Grin has occupied the currency circle for a week in a row headlines.

A few days ago, Grin received a donation of 50BTC, which eased their development pressure. Everyone knows that Grin is a project with no pre-mining and no fundraising. It relies on donations to support the "salary" of developers.

Interestingly, it was discovered that the bitcoin donated to the Grin Foundation was dug out in 2010 and has been kept until now.

So we can be sure it is a big cow from an "ancient age", but no one knows who it is. In addition to donating 50BTC, the donor also left a paragraph: "I know how you guys treated the last donation, which is why I contacted you. I will not judge how you spend the money, just want to be sure You guys can handle it and distribute it as needed. It's like 2009, 2010 again. Don't worry, you guys are doing a good job. Now with GRIN, we feel great, our motivation is not Economically, but about technology and protocol, please use this money to develop GRIN, please continue to work like you have done in the past. We see your work, and your love for this project. This is what we are doing now Kudos for donating so that you can develop on GRIN to your heart's content without worrying about financial issues. Thanks again for your work and please keep it that way. Hope we are right, time will tell .”

Although 50 BTC is only a reward for a block in 2010, and at that time ordinary people's computers could dig out a block. But there is no doubt that the donor is a person who is very sure of the Grin developer and the project. After all, the donation of several million yuan does not ask for any return, does not need to know how the money is used, and does not require people know who he is. This is really, really cool.

What's more interesting is that Li Qiwei, the founder of LTC, said that because these coins were mined on December 1, 2010, the donor of these coins is Satoshi Nakamoto.

There is also a background here, that is, among the "well-known bosses", Li Qiwei should value the Grin project and the mimblewimble technology the most. As early as the beginning of the year, when the project started to gain traction, Li Qiwei said that mimblewimble technology would be used on LTC in the future:

In addition, some people said that Grin is the real Satoshi's vision (Satoshi's vision),