Bitcoin’s fundamental outlook is unprecedently bullish – in that it has been consolidating for two years, with hash rate at an all-time high as Central bank lunacy intensifies…all,with a potentially historic halving less than six months away.
When a confirmed bottom is made, capital will flow into Bitcoin like never before. Said bottom likely occurred already - and with 2020 capital allocations being made, and crypto hedge funds preparing for launch, the stage is set for a major bull market rally… that unquestionably,will take QUALITY altcoins with it.
The BTC halving is currently atop most investors’ lists as the leading near-term crypto catalyst. However, as I discussed yesterday, by the END of 2020, do not be surprised if the rapidly approaching –perhaps, imminent – “privacy debate” takes center stage. And no, it will not involve unscalable technologies like Monero; or worse yet, unscalable, “opt-in” coins like ZCash.
No,it will be rapidly advancing MimbleWimble technology that will take center stage– which is why Monero, Litecoin, and others are trying to fool investors into believing the MimbleWimble “sidechains” they are developing – which are NOT MimbleWimble solutions – make them MimbleWimble coins.
To the contrary, the ONLY true MimbleWimble coins are the “MimbleWimbleTrinity” of MWC, Grin, and Beam – which cumulatively, have built such enormous barriers of entry, it’s unlikely any new coin will be able to garner material MimbleWimblemarket share.
Grin and Beam launched a year ago – and MWC forked from Grin in February, launching its MainNet last week. The Grin and Beam protocols are slightly different, but serve as TestNets for each other – in that any major bug in one can be protected against in all…or breakthrough, incorporated. All have talented dev teams – and arguably, MWC has accomplished at least as much as either, with a team devoted to building MimbleWimble as rapidly, and powerfully, as possible.
Beam strongly resembles a “corporate coin” – that consequently, I call the “Ripple of MimbleWimble.” As an investment, it should do fine – but I take issue with its governance, 263 million coin cap,and roughly 2.0 stock-to-flow ratio…compared to just 20 million for MWC; a roughly 6.5 stock-to-flow ratio; an oh yeah, an “MWC HODL” reward program.
That said, MWC’s most direct “comp” is Grin, given that it was forked from it explicitly to create a more attractive MimbleWimble investment vehicle – that oh yeah, is being distributed for FREE to the roughly 1% of the Bitcoin community that registered for it (hence, building material investor loyalty).
Grin,like Beam, is heavily VC-funded, though you wouldn’t know it from the way it is portrayed. Its team is deep, but is unlikely to advance the technology any faster than MWC or Beam – which cumulatively,will act as a large “MimbleWimble team” to get this job done. Moreover, it was NOT distributed via airdrop;does NOT pay a HODL reward; has INFINITE supply; and a stock-to-flow ratio of 1.0, the lowest of the three “MimbleWimbleTrinity” coins.
MWC is currently tradeable via OTC, but right now the only available-for-sale coins are those being mined – most of which, are being HODLed. Thus, the real action will occur after the airdrop claim period commences December 11th – particularly when the first exchange listings are thereafter announced.
Based on the above, it is quite conceivable MWC will ultimately be the most valuable MimbleWimbleTrinity coin. So, if you are holding Beam – or particularly,MWC’s inferior “twin brother” Grin – why would you NOT considering trading at least a PART of it for MWC?
The MWC airdrop registration ended July 19th and MainNet launched November 11th– with airdrop claims scheduled to commence December 11th. A total of 148,474 Bitcoin registered –roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41.For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram forum.
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