The beauty of MimbleWimble is it upgrades multiple, EXTREMELY key areas lacking in ALL current blockchain protocols – including those of Bitcoin. Without a doubt, such quantum technology advancement will play a MAJOR role in crypto’s evolution – and if Bitcoin doesn’t acknowledge, and address it, it will not live up to its otherwise limitless potential.
I believe as strongly as ANYONE in Bitcoin’s future – which is why it is the cornerstone of my personal finances and professional life. However, I also recognize it must adapt to technological change – and why if it doesn’t incorporate MimbleWimble (or equivalently powerful blockchain technology), it risks losing market share to coins that do.
To that end, Bitcoin’s primary use is store-of-value – a concept that has never been perfected, but has a chance to now. Gold was the closest thing to achieving it, but in the Digital Age it is being proven woefully inadequate…as it’s not only NOT private (you must go through the system to buy it, and safely store it), but decidedly NOT fungible.
Bitcoin has the potential to be the best money the world has known, but because all transactions are broadcast – and traceable from each coins’ genesis – it is becoming less fungible in a world of rapidly advancing “chainalysis” techniques. This, in turn, makes Bitcoin less private - and thus, further from the global MONETARY dominance it seeks.
MWC Lead Dev Chris Gilliard is as big a Bitcoin supporter as you’ll find, but recognized these truths, too – and utilized his background in high-tech coding to do something about it…by creating the BEST MimbleWimble coin, to give to BTC holders to reward them for their support; not to mention, the likely three years of MWC HODL rewards it will engender.
MimbleWimble is not a “privacy coin,” or a “scaling method” – but instead, a comprehensive blockchain upgrade that DRAMATICALLY upgrades current protocols’ scaling capabilities…adding massive privacy – and thus, fungibility – gains whilst doing so.
NOTHING in the crypto universe comes close – with the only other material privacy technology, Monero’s, being so hopelessly unscalable, it’s comical…which is why “Fluffy Pony” is creating MimbleWimble “sidechains” – which are NOT true MimbleWimble – as a marketing gimmick to fool investors into believing Monero is comparable.
Since MainNet launch six weeks ago, Chris has written articles, addressed specifically to layman (99.9% of the crypto community), about how MimbleWimble dramatically improves crypto scaling and privacy. And today, the final piece, fungibility, is addressed – which will be combined with the first two articles shortly, in a comprehensive piece tying all together.
If you are a Bitcoin holder who did NOT claim free MWC, don’t fall asleep at the wheel while it’s still cheap – as not only is MimbleWimble likely to be one of THE biggest crypto stories of 2020, but MWC could be valued higher than the vastly inferior “MimbleWimbleTrinity” coins by this time next year, too.
Ultimately, crypto technology will perfect the crude products available today – with Bitcoin having the potential to EMBRACE it, and become FAR better. If it doesn’t, that’s fine, too, for MWC holders…as one way or the other, the most revolutionary crypto technology to date, MimbleWimble, WILL play a major role in the unfolding DIGITAL AGE.
The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims commenced December 2nd (5.1 of 6.0 million claimed already) ending January 2nd…at which point, details of the “MWC HODL” rewards program will be announced. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
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