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I hold no Chia or crypto at all, however, from what I am seeing around me, Chia is going to be really, really big.
by i_have_an_idea 5y ago
I hold no Chia or crypto at all, however, from what I am seeing around me, Chia is going to be really, really big.
- gruez 5y agoFrom people hoping to mine and then immediately sell it, or from people who are planning on buying and holding?
- i_have_an_idea 5y agoI don't know what their plans are. Just from the amount of buzz I'm hearing around me. Reminds me of the early days of Ethereum.
- Hjfrf 5y agoWe can always hope that trading Chia is made illegal, along with proof of work algorithm based currencies in general. Governments so-far failing to regulate existential threats to themselves is honestly odd.
- gruez 5y ago>Governments so-far failing to regulate existential threats to themselves is honestly odd. Is it the job of the government to hang onto power at all costs?
- rocqua 5y agoIt is, sort off, the inherent goal of a (nation-)state. At least, that is a common and rather accurate historical and geopolitical model.
- arcticbull 5y agoOfficially, no, but it is an emergent property of their other responsibilities. For instance, a government cannot maintain law and order without power, and a society without law and order is the definition of a failed state ([edit] well, more specifically one in which the government has lost its monopoly on violence). It's not an unreasonable interpretation to therefore say any non-failed state must retain power.
- christiansakai 5y agoBank bailouts in 2008 justified? Save the rich, screw the poor and the middle class. At least the society is peaceful.
- arcticbull 5y agoMmm not to me no, I believe in a capitalist system that lets losers lose. However the argument was ordinary folks would pay.
- gverrilla 5y agomaybe it's not the job, but it's the nature of governments
- CharlesW 5y agoChia is not Proof of Work, FWIW. Their technical and business whitepapers are helpful resources for learning more about what they call "Proof of Space and Time".
- i_have_an_idea 5y agoWe can hope, but, if you're going to need hard drives in the foreseeable future, you might want to go buy them now.
- atat7024 5y ago> Governments so-far failing to regulate existential threats to themselves is honestly odd. Factions within governments all around the world are using it to their own ends.
- christiansakai 5y agoWhy?
- i_have_an_idea 5y agoJust the amount of buzz and interest I'm hearing. One data point (which is the only one I can share without revealing personal info on this public site) is that my local hardware store sold out of 8TB+ HDD drives and, according to the employee there, that hasn't happened in many years.