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I am actually really curious why does Chia take off like this? Any other Proof of Space coin like Spacemesh and Burst coin didn't have this kind of explosive gr

I am actually really curious why does Chia take off like this? Any other Proof of Space coin like Spacemesh and Burst coin didn't have this kind of explosive growth. Why? Why China? Why now?

cam0 5y ago
Bram Cohen + record high cryptocurrency prices in general
- prvc 5y ago
  + it's "Green" (but not really) + an understanding of advanced stochastic memetics, a.k.a. multidimensional hype
- christiansakai 5y ago
  Bram Cohen has that brand name power? TIL.
  - Mountain_Skies 5y ago
    Maybe, maybe not. I'd assume that bittorrent is what has the brand name power and caused the much higher level of interest than was seen for similar currency schemes.
  - ALittleLight 5y ago
    Seems like Andreessen Horowitz, among others, are investors. I bet they know how to market things. Even stuff like this post could be PR. "Hey, SSD makers, would doing this void my warranty? It would, can you clearly state that in writing somewhere? Thanks!" Then you call your friend at guru3d with an interesting article tip and a link to their updated warranty, and suddenly everyone's wondering why they can't mine chia coin. Who are you to tell me I can't mine chia coin! I must mine it!
  - worker767424 5y ago
    He turned the BitTorrent company into such a success /s
ToFab123 5y ago
Here is a good read on that https://seekingalpha.com/article/4418567-bitcoin-china-launched-digital-yuan-and-will-change-everything https://seekingalpha.com/article/4418567-bitcoin-china-launc...
- christiansakai 5y ago
  There is nothing in that article about Chia's explosive growth. Am I missing something? Also, the writer seemed to miss the whole point of decentralized currency.
  - VectorLock 5y ago
    Chia's design philosophy is the overall best in my opinion. Actually trying to make a useful cryptocurrency rather than just pure speculative vehicle of other shitcoins.
    - christiansakai 5y ago
      But why did China decided that Chia is the one to do, and why now. Why the sudden focus on this crypto?
      - inter_netuser 5y ago
        China decided? What?
      - VectorLock 5y ago
        Presumably China thought it had potential for speculative growth?
      - wmf 5y ago
        They haven't decided Chia is the one; big miners have been rushing into every new coin that launches, including Filecoin and now Chia. It's a "deal flow" approach where you mine 50 shitcoins and hope one pops 1000x.
    - 5y ago

I am actually really curious why does Chia take off like this? Any other Proof of Space coin like Spacemesh and Burst coin didn't have this kind of explosive growth. Why? Why China? Why now?

cam0 5y ago

Bram Cohen + record high cryptocurrency prices in general

prvc 5y ago
+ it's "Green" (but not really) + an understanding of advanced stochastic memetics, a.k.a. multidimensional hype
christiansakai 5y ago
Bram Cohen has that brand name power? TIL.
- Mountain_Skies 5y ago
  Maybe, maybe not. I'd assume that bittorrent is what has the brand name power and caused the much higher level of interest than was seen for similar currency schemes.
- ALittleLight 5y ago
  Seems like Andreessen Horowitz, among others, are investors. I bet they know how to market things. Even stuff like this post could be PR. "Hey, SSD makers, would doing this void my warranty? It would, can you clearly state that in writing somewhere? Thanks!" Then you call your friend at guru3d with an interesting article tip and a link to their updated warranty, and suddenly everyone's wondering why they can't mine chia coin. Who are you to tell me I can't mine chia coin! I must mine it!
- worker767424 5y ago
  He turned the BitTorrent company into such a success /s

ToFab123 5y ago

Here is a good read on that https://seekingalpha.com/article/4418567-bitcoin-china-launched-digital-yuan-and-will-change-everything https://seekingalpha.com/article/4418567-bitcoin-china-launc...

christiansakai 5y ago
There is nothing in that article about Chia's explosive growth. Am I missing something? Also, the writer seemed to miss the whole point of decentralized currency.
- VectorLock 5y ago
  Chia's design philosophy is the overall best in my opinion. Actually trying to make a useful cryptocurrency rather than just pure speculative vehicle of other shitcoins.
  - christiansakai 5y ago
    But why did China decided that Chia is the one to do, and why now. Why the sudden focus on this crypto?
    - inter_netuser 5y ago
      China decided? What?
    - VectorLock 5y ago
      Presumably China thought it had potential for speculative growth?
    - wmf 5y ago
      They haven't decided Chia is the one; big miners have been rushing into every new coin that launches, including Filecoin and now Chia. It's a "deal flow" approach where you mine 50 shitcoins and hope one pops 1000x.
  - 5y ago