A MimbleWimble Explainer

TechnologyReview: In July 2016, someone using the name Tom Elvis Jedusor (the real name of Lord Voldemort, the main villain in the Harry Potter universe, in the French edition) posted a link to a text file in a chat room frequented by Bitcoin researchers. Voldemort’s document described MimbleWimble, a blockchain system that would hide the identifying information associated with Bitcoin transactions.

…The person who started Grin [one of the first new currencies built on a blockchain that implements MimbleWimble] is also pseudonymous, going by the name Ignotus Peverell (the original owner of Harry’s invisibility cloak), and has never been seen. Peverell recently used a text-to-speech program to address attendees at a Grin conference.

So to sum up, Grin is a new currency on the MimbleWimble blockchain imagined by Lord Voldemort and implemented by the invisible Ignotus Peverell.

…Eric Meltzer, an investor for crypto-focused Primitive Ventures, recently estimated that $100 million of “mostly VC money” has already been invested in Grin mining operations.

Comments

So they are spending real millions to coin fake money?

debt doesn't matter
print more money
vaya con venezuala

... and all this is significant to MR readers because .... ?

Because Lord Voldemort is conjuring money out of thin air to subvert the wizards' economical system and take over.

......because we are Pottering around here with nothing better to do. :-)

Not even The Wise can see all ends.

So is this the new transparency?

Oh, brave New World, that has such people in it.

+1

Great Stagnation theme. Does anybody doubt we need better patent laws?

Bonus trivia: Google patents entering "cryptocurrency" yields "About 966 results ", a pathetically low number, most of them dealing not with cryptocurrency but secure payments and just happen to mention cryptocurrency in the background.

VC in spoken French refers to water closets -- money down the drain?

I thought Voldemort's name was Tom Marvolo Riddle?

In English, yes. Since the name Voldemort was generated by anagram of ("I am Lord Voldemort") his birth name is different in translation. https://en.wikipedia.org/wiki/Harry_Potter_in_translation#Rhymes,_anagrams,_and_acronyms

(Clarification: "Tom Marvolo Riddle" became "I am Lord Voldemort." Turns out that including the "I am" makes translation a pain.)

Don’t overlook beam.mw, a Mimblewimble privacy coin that launched just before Grin.

Every time I read about cryptocurrency/bitcoin/blockchain I am mystified. Mimblewimble didn't help.

Comments for this post are closed