2/01 (#2) ANDY HOFFMAN (CryptoGoldCentral.com): Why MWC Will Be Valuable

This morning, I proudly announced my participation in the new MWC cryptocurrency – an airdrop to BTC holders whose process will commence in April, culminating in a snapshot date in July. “MimbleWimbleCoin” will be forked from Grin shortly thereafter, capping its (currently unlimited) supply at 20 million - with a unique, in-kind crypto-dividend awarded (at yet to be determined intervals) to wallets with no negative balance movements.

https://steemit.com/andyhoffman/@andyhoffman/2-01-andy-hoffman-cryptogoldcentral-com-official-launch-of-the-mimblewimblecoin-btc-airdrop-a-k-a-mwc

Since the anonymous MimbleWimble white paper was disseminated in July 2016, the Bitcoin community has discussed the potential of its superior blockchain characteristics; i.e., heightened privacy, scalability, and fungibility. Some say MW could one day be THE cryptocurrency protocol, while others believe it will be implemented into Bitcoin via sidechain technology. Either way, MimbleWimble cannot be directly incorporated into Bitcoin without a hard fork – and thus, has at least several years to grow on its own, given the conservative, consensus-requiring pace Bitcoin develops.

Now that Beam and Grin have launched, MimbleWimble has officially been released – opening the door for dramatic improvements in cryptocurrency development. That said, the biggest crypto “use case” – no matter what market it serves - is making money; and in my view, MWC is the best alternative in the MW space.

When discerning MWC’s value, one must first recognize its competition. Clearly, Beam and Grin are its most direct “comps” for investor funds, as all three are backed by MimbleWimble technology. This is what I discussed in today’s article – of how MWC is by far the superior financial asset, as it will be airdropped for free to BTC holders; with a 20 million coin lifetime cap; and in-kind dividend for MWC HODLers. This, compared to Grin’s unlimited supply; and Beam, a centrally-controlled corporate coin, with its 263 million coin cap.

However, the broader “comp” group – that MimbleWimble coins like Grin, Beam, and MWC all compete with – are current privacy coin leaders like Monero, Zcash, and Bprivate. Yes, they will fight back, by claiming their technology is superior. However, what the investment community will shortly understand, is that MimbleWimble represents a dramatic improvement over their privacy, scalability, and fungibility.

To wit, Zcash is for all intents and purposes, Bitcoin with a privacy feature that requires a trusted setup. If the team did not properly execute this trusted setup, everyone's privacy is compromised. Meanwhile, Monero has been forked numerous times; and it's underlying privacy technology, RingCT, has a vulnerability – whereby, the transactions on the forked chain can compromise the privacy of transactions on the non-forked chain. Moreover, ALL current privacy coins have severe scaling issues relative to MimbleWimble, as MW technology enables transactions to be deleted from the blockchain; thus, dramatically reducing its size.

Could MimbleWimble one day be THE dominant cryptocurrency protocol, challenging even Bitcoin? Perhaps, but that “best case scenario” is not why investors should consider MW cryptocurrencies. The opportunity for Grin, Beam, MWC, and others to usurp Monero, Zcash and the current crop of privacy coins is huge enough – and within this segment, I believe MWC represents the best investment opportunity. Sure, others will arise, too – as BitGrin and Grimble did this week, too. However, the BTC airdrop, of a coin with a unique, in-kind crypto-dividend; and extremely low lifetime cap; makes MWC, in my view, most likely to become the MimbleWimble investment of choice.

Stay tuned, as Bitcoin airdrop registration begins April 20th, ahead of the July 19th snapshot. For more information, please check out the MWC website.

https://www.mwc.mw/