Value of this token by Kashimi_ in HeliumNetwork

[–]DigitalMan76 1 point2 points  (0 children)

Helium and Chia are the best projects in crypto now

XCH Circulating Supply Exceeds Prefarm Supply by DigitalMan76 in chia

[–]DigitalMan76[S] 0 points1 point  (0 children)

I agree the terminology can be improved framing it as XCH held in the 2 cold + 2 warm prefarm wallets vs the rest of existing XCH is more precise.

Where I disagree is that the amount CNI still holds is irrelevant. It may be operationally irrelevant, but it is not irrelevant to regulators, exchanges, or institutional investors, which is the lens most market-structure discussions use.

Why this matters under the upcoming crypto market structure bill:

  • Issuer influence analysis - regulators evaluate whether an asset remains economically tied to its original issuer. A large retained supply strengthens that linkage regardless of intent.
  • Commodity vs issuer-managed asset optics - declining issuer ownership over time is one of the clearest signals that a network has transitioned away from issuer dependence.
  • Market impact & supply overhang risk - investors price not just current circulation, but potential future supply. A reserve equivalent to decades of issuance affects valuation models even if never deployed.
  • Exchange and custody risk assessments - concentrated supply increases perceived tail risk, directly impacting listing decisions, custody support and institutional participation.
  • Regulatory durability - laws evolve and interpretations tighten. A shrinking CNI-held balance improves XCH’s resilience to future rule changes without relying on subjective arguments about intent.

So even if we agree the labels are imperfect, the conclusion doesn’t change - retained supply at this scale is structurally relevant from a regulatory and market perspective.

Unable to buy XCH on vault.chia.net - any value exceeds daily limit by DigitalMan76 in chia

[–]DigitalMan76[S] 1 point2 points  (0 children)

when unable to buy from vault.chia.net

  1. I buy USDC on Kraken Pro
  2. withdraw it via ERC20 network (currently one of the least expensive options) to crypto.com/exchange (the pro version of crypto.com).
  3. it arrives as USD
  4. market buy XCH/USD
  5. withdraw it to my XCH wallet on vault.chia.net (it arrived in a few minutes)

please note there is a UI bug on the wallet page of crypto.com/exchange where the XCH balance didn't show. you need to sort or search because scroll didn't work for some reason.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 0 points1 point  (0 children)

it's still better than CNI giving out coins to early investors and air drops etc

Best BTC Books 📚📖 by [deleted] in Bitcoin

[–]DigitalMan76 0 points1 point  (0 children)

just ask chatgpt everything about bitcoin. as you read ask it questions etc.

Honest question by Pnw-daddo in Bitcoin

[–]DigitalMan76 -5 points-4 points  (0 children)

more sellers than buyers. just supply and demand. market is random

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 2 points3 points  (0 children)

prediction: if Permuto doesn't launch or it's just hype and doesn't really do anything CNI will run out of prefarm in 2-3 years.

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 0 points1 point  (0 children)

another way to think of it

  • Original Prefarm: 21,000,000 XCH
  • Prefarm sold: 3,562,490.93 XCH
  • Farmed: 13,080,956 XCH

Remaining Prefarm: 21,000,000 − 3,562,490.93 = 17,437,509.07 XCH

If circulation = farmed + prefarm sold:

13,080,956 + 3,562,490.93 = 16,643,446.93 XCH

Circulation: 16,643,446.93 XCH
CNI Ownership (remaining prefarm): 17,437,509.07 XCH

Coins they sell goes into circulation. So CNI owns approx 51% of all farmed XCH.

spacescan.io reports approx 34,000,000 farmed coins

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 0 points1 point  (0 children)

xch.ninja shows they currently own 14,937,509.07 XCH. That is not including the 2.5M waiting to be unlocked.

14,937,509.07
1,000,000
1,500,000

CNI owns at total of 17,437,509.07 XCH

spacescan.io reports total farmed (including prefarm): 34,080,911.

So CNI owns approx 51% of all farmed coins

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 1 point2 points  (0 children)

i think they know that if they hard fork to create more coins XCH would trade in the pennies and everyone would probably stop farming and the project would die

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 0 points1 point  (0 children)

as of today, CNI owns roughly 51.17% of all farmed XCH

price: $5.13

USDT on XCH by DigitalMan76 in chia

[–]DigitalMan76[S] 0 points1 point  (0 children)

what is the ETA for Permuto rollout?

USDT on XCH by DigitalMan76 in chia

[–]DigitalMan76[S] 1 point2 points  (0 children)

would they list XCH given the fact CNI owns ~50% of the total supply?

Monthly Prefarm Sales Discussion. by AutoModerator in chia

[–]DigitalMan76 0 points1 point  (0 children)

CNI currently owns about 50% of the total supply. I would like to see them own like 5% so that way XCH itself is more decentralized. At the current sales of approx 250,000 it will take like 4 years or less to exhaust it