10/09 ANDY HOFFMAN (CryptoGoldCentral.com): Viable, Defensible Use Cases – MWC Edition by andyhoffman

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· @andyhoffman ·
10/09 ANDY HOFFMAN (CryptoGoldCentral.com): Viable, Defensible Use Cases – MWC Edition
Today, I am focusing my efforts on defining the “viable, defensible” use cases for the two coins – aside from Bitcoin – that I care about, Bitcoin Rhodium and MWC…the latter of which, I have played a significant role developing since the project’s launch in January.

Bitcoin Rhodium’s story is simple, as it’s goal is to isolate Bitcoin’s store-of-value function in a niche altcoin with unique, un-replicatable features.  It’s MainNet launched a year ago, and those features have either been launched or will be in the coming quarters – so its use case is further along the road of establishment…that in my view, will be solidified in the next crypto bull phase.

MWC, on the other hand, is a completely different animal – as it is not only a play on the most revolutionary, and potentially far-reaching technology advancement in crypto history; but has been designed with store-of-value traits making it the most investable MimbleWimble coin, by far.  In fact, its airdrop distribution and “MWC HODL” dividend were taken directly from Bitcoin Rhodium – in Lead Dev Chris Gilliard’s quest to create a dominant altcoin; with strong, loyal investor and mining communities; that will draw investors from multiple disciplines.

Plain and simple, MimbleWimble technology is significantly better than current blockchain protocols – as it is far more scalable, private, and fungible.  Unquestionably, had it been invented in 2008, Satoshi would have incorporated it into Bitcoin’s blueprint.  However, as “Tom Elvis Jedusor” didn’t publish the MimbleWimble White Paper until 2016, it wasn’t. 

MimbleWimble is far more complex than current blockchain protocol, but in the three years since, dramatic upgrades have been made by the handful of teams building it out…to the point that as we head into 2020, it will likely be practically useful (in no small part to the contributions of MWC’s engineering team, like a user-friendly GUI wallet and pioneering cold storage system).  

Thus, assuming crypto returns to vogue – a good bet, given accelerating fiat currency destruction and the May 2020 BTC halving – I believe MimbleWimble, as it was during the Spring 2019 crypto bull, will be amongst the hottest sectors in the space.

As for MWC itself, its Lead Dev is not a serial crypto entrepreneur, but a diehard Bitcoiner who has been in the space for many years, and holds a significant percentage of his assets, and dreams, in a Bitcoin-dominated world.  That said, he (and his team) are extremely accomplished Silicon Valley coders – whose brilliance has ALREADY translated into the aforementioned, ground-breaking MimbleWimble advancements BEFORE MWC’s MainNet has even launched.

MWC’s addition to the space – where fellow “MimbleWimbleTrinity” coins Grin (which MWC forked from) and Beam have resided since 2016 and 2017, respectively – will dramatically increase its growth rate, and profile, and 2020…as MWC’s MainNet launch is scheduled for November (11th), 2019 - and airdrop distribution (and likely, exchange listings) a month later.

To that end, consider that during the most intense period of Bitcoin Maximalism in years, 148,000+ BTC were registered for the MWC airdrop, or roughly 1% of the entire float.  It lasted three months, and was completed on schedule, without a hitch…just as the November MainNet launch will be, exactly on the “4Q” schedule planned way back in January. 

At that time, six million MWC will be airdropped – at a ratio of 40.41/BTC registered; followed by, over an as yet undetermined period (likely, three years), an additional two million in the aforementioned “MWC HODL” program.  Altogether, eight million of the 20 million lifetime supply cap, or 40%, will be handed out for FREE – nearly all, to BTC holders.

In the future, Chris (and reluctantly, many top Bitcoiners) believes a “privacy/scaling/fungibility” debate is inevitable – in which MimbleWimble will be actively debated as a potential Bitcoin upgrade…which at the moment, can only be done via a hard fork.  Perhaps – frankly, likely – it will be easy to achieve consensus that a MimbleWimble based Bitcoin will be the best case scenario for Bitcoin holders…and heck, perhaps a “soft fork solution” will be developed by then (remember, SegWit incorporation was initially thought to be impossible via a soft fork).

Or perhaps, the Bitcoin community will reject MimbleWimble for fear of said hard fork – or other, yet to be determined reasons, political or otherwise.  In which, MimbleWimble’s superior privacy, scalability, and fungibility will be valued entirely in “MimbleWimbleTrinity” coins MWC, Grin, and Beam – and other coins that adopt it, though I believe said “MWT” had generated barriers to entry so high, it is unlikely others take a significant piece of what will likely be a significantly growing pie.

Relative to Grin and Beam, MWC’s dramatically superior financial traits will make it BY FAR the most investable; not to mention, its uncompromised (by VC interests) governance structure, and equally advanced technological capabilities.  

In other words, MWC aims to be a unique “hybrid” coin; featuring BOTH a “play” on the hottest crypto technology – given FREE to Bitcoin holders; a HEDGE, in case a “scaling/privacy/fungibility” debate causes warring BTC factions; and a STORE-OF-VALUE within the MimbleWimble space, making it dramatically more investable than its “MimbleWimbleTrinity” brethren.

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.

https://www.mwc.mw/

https://discordapp.com/invite/eUNwqf3

https://twitter.com/M_W_Coin

https://www.mwc.mw/mimblewimble-coin-whitepaper
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