43 ms·

So in other words, there's a campaign (centralized or not) to pump Chia on HN? :(

by Igelau 5y ago

ChainOfFools 5y ago
this incredibly viral "chia will cause a shortage of hard drives" meme (true or not) is a huge gift wrapped win for the coin's promoters. every impression of this meme that results in someone's decision to avoid chia (which, had they never heard of the coin in the first place, would have been the outcome anyway) will be offset by a half dozen others who will spot a quick 10x return opportunity for themselves, even if they recognize that the long term result is a net negative for everyone else. it's Streisand Effect rocket fuel.
- Igelau 5y ago
  Bingo. The mods are asleep at the wheel on this one.
- senbarryobama 5y ago
  Is your username a reference to Bitcoin skepticism?
phire 5y ago
I've also seen it in various "technology" subreddits. I'm suspicious that HDD and SSDs manufactures and/or merchants have been hyping it after getting jealous with how much money GPUs have been raking in.
dang 5y ago
It's not that many articles, and they're not all favorable. Please don't break the site guidelines like this. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- Igelau 5y ago
  > they're not all favorable That doesn't matter. It still generates buzz. People will pour resources into a crypto-currency even when it's established up front as a joke. > don't break the site guidelines like this. I take it the rule was triggered by the word "campaign": >> So in other words, there's a campaign (centralized or not) to pump Chia on HN? :( I pretty clearly indicated that I don't think it's necessarily a coordinated thing. It's more of a phenomenon than a "brigade" or "astroturfing", but what should we call it? What should I say? How should I feel about a disturbing trend that you've pointed out? Furthermore, you've already shared your data, so there's no reason for me to email you about it per the guidelines. I appreciate the vigilance and hard work, but I think we can agree you're mistaken this time.

So in other words, there's a campaign (centralized or not) to pump Chia on HN? :(

by Igelau 5y ago

So in other words, there's a campaign (centralized or not) to pump Chia on HN? :(

this incredibly viral "chia will cause a shortage of hard drives" meme (true or not) is a huge gift wrapped win for the coin's promoters. every impression of this meme that results in someone's decision to avoid chia (which, had they never heard of the coin in the first place, would have been the outcome anyway) will be offset by a half dozen others who will spot a quick 10x return opportunity for themselves, even if they recognize that the long term result is a net negative for everyone else. it's Streisand Effect rocket fuel.

Igelau 5y ago
Bingo. The mods are asleep at the wheel on this one.
senbarryobama 5y ago
Is your username a reference to Bitcoin skepticism?

phire 5y ago

I've also seen it in various "technology" subreddits. I'm suspicious that HDD and SSDs manufactures and/or merchants have been hyping it after getting jealous with how much money GPUs have been raking in.

dang 5y ago

It's not that many articles, and they're not all favorable. Please don't break the site guidelines like this. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

Igelau 5y ago
> they're not all favorable That doesn't matter. It still generates buzz. People will pour resources into a crypto-currency even when it's established up front as a joke. > don't break the site guidelines like this. I take it the rule was triggered by the word "campaign": >> So in other words, there's a campaign (centralized or not) to pump Chia on HN? :( I pretty clearly indicated that I don't think it's necessarily a coordinated thing. It's more of a phenomenon than a "brigade" or "astroturfing", but what should we call it? What should I say? How should I feel about a disturbing trend that you've pointed out? Furthermore, you've already shared your data, so there's no reason for me to email you about it per the guidelines. I appreciate the vigilance and hard work, but I think we can agree you're mistaken this time.