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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
by 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 agoBut why did China decided that Chia is the one to do, and why now. Why the sudden focus on this crypto?
- inter_netuser 5y agoChina decided? What?
- VectorLock 5y agoPresumably China thought it had potential for speculative growth?
- wmf 5y agoThey 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.
- ALittleLight 5y agoHow is Chia useful? I just looked at their website and don't see what differentiates from other cryptocurrency. I see you mine with hard drive space rather than compute (like FileCoin) but I don't get why this would be useful.
- dazaidesu 5y agoa couple of hard drive lookups every few minutes uses orders of magnitude less power than asics & gpu hashing
- geerlingguy 5y ago...but consumes orders of magnitude more drive space.
- VectorLock 5y agoI don't know if anybody has done the math on how much energy/CO2 it costs to construct a hard drive vs. used in PoW mining with GPUs or ASICs but I'd love to see it.
- ALittleLight 5y agoThat means it doesn't have the same cost as bitcoin. That says nothing about why Chia coin is useful. Can I do anything with it, or is it one of those things where I buy it now in the hopes other people will buy it from me for more later?
- thruflo22 5y agoTake a look at https://chialisp.com https://chialisp.com It’s a functional language for smart contracts.