MWC’s first two days of mining have been seamless - and anyone using the industry’s BEST Windows/iOS/Linux wallet, developed by MWC’s engineers, realizes how amazing it is. Frankly, as easy to use as a Trezor – which is quite an accomplishment, considering how much more complex MimbleWimble technology is than anything used in crypto today.
Moreover, the first MWC OTC trading has occurred – with initial trades, albeit in small sample sizes, valuing MWC at about $20 million, compared to $32 million for Beam and $35 million for Grin, which re-flippened Beam again (hmmm, I wonder if Grin’s surge today had anything to do with MWC’s launch). A very good start, considering MWC is not yet trading on exchanges – which according to the team’s plan (which is not 100% in its control), will occur at or around the airdrop claims launch December 11th.
There will be much written in the coming weeks about the newly launched, BEST MimbleWimble coin – BY FAR, the most investable, with an AT LEAST equally proficient dev team. And it won’t just be from me and Lead Dev Chris Gilliard – who shortly, will be well-known for his dedication to the Bitcoin community, and brilliance in crafting and building MWC.
No, the broad crypto community will start talking about MWC, now that it’s “public” – and as well, because MimbleWimble will unquestionably become a “prime time” topic in 2020. The reason being, that this FAR superior blockchain technology – that the Bitcoin community has shunned, out of ignorance and misplaced fear – will be front and center in the “privacy debate” top Bitcoin developers KNOW is coming. Many have admitted it already – and more importantly, backed their views with ACTIONS, by shifting their attention to learning about, and advancing, MimbleWimble technology.
Said “privacy debate” will focus on the need to protect Bitcoin from increasingly invasive “chainalysis” – from both the private and public sectors. However, it will be about more than just protecting one’s privacy, and the fungibility of Bitcoin. To the contrary, the fact that MimbleWimble is FAR more scalable than Bitcoin - or ANY privacy coin - means it will be MAJOR topic of debate in the coming years, WITHOUT A DOUBT!
Chris Gilliard knew this three years ago, when “Tom Elvis Jedusor” released his Satoshi-like MimbleWimble White Paper – and when he saw the two main MW dev teams, Grin and Beam, develop coins with undesirable governance and investment characteristics, he decided to build an MW coin that could be HODLed – and rewarded with “MWC HODL” awards for doing so, to be distributed FREE to BTC holders.
This summer’s Grin and Beam mega-rally was just the appetizer for what’s coming next year – so airdrop recipients will be primed to participate in potentially explosive growth in MimbleWimble technology. And more importantly, HEDGED in case MimbleWimble becomes so big, it causes waves in a Bitcoin community terrified of what the hard fork that would be required to incorporate it might cause.
Chris, and I, believe MimbleWimble would make Bitcoin dramatically more valuable – but from here to there, who knows how events will play out. This is why airdrop recipients can choose to sell - or hold, received HODL awards, and be HEDGED just in case. In other words, the best of both worlds, from a lead dev who believes Bitcoin is the future, and wants to make it MUCH better!
The MWC airdrop registration ended July 19th, with MainNet launch scheduled for November 11th, 2019, and claims on December 11th, 2019. 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.