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I learned about Chia last week by googling "hard drive shortage" to figure out why suddenly hard drives prices are spiking where I live. Definitely not a subma
by hdhrnnrkrkf 5y ago
I learned about Chia last week by googling "hard drive shortage" to figure out why suddenly hard drives prices are spiking where I live.
Definitely not a submarine.
- ykat7 5y agoCould you or the parent commenter define "submarine" in this context? I searched and didn't find anything relevant.
- bildung 5y agoIt means an advertisement disguised as a news article.
- TeMPOraL 5y agoIt's a reference to a pg essay: http://www.paulgraham.com/submarine.html http://www.paulgraham.com/submarine.html The part introducing the term is at the beginning: "Why do the media keep running stories saying suits are back? Because PR firms tell them to. One of the most surprising things I discovered during my brief business career was the existence of the PR industry, lurking like a huge, quiet submarine beneath the news. Of the stories you read in traditional media that aren't about politics, crimes, or disasters, more than half probably come from PR firms."
- TeMPOraL 5y agoHard to say, really. It could be organic, but then, it is in the interest of Chia to spread the stories about "hard drive shortage" - like all crypto schemes, their best user base are people who will see an article about cryptocurrency causing a social-wide issue, and read it as an opportunity. The people who see a disaster and their first thought is about how to profit off it.
- hdhrnnrkrkf 5y agoI'm a bit worried it's a self fulfilling prophecy: "People are buying hard drives to farm despite price increases, it must be profitable, maybe I should buy one too..."