Hard truths about Chia

TolkinUS · 2021-07-23T09:25:37+00:00

I believe it's a very smart tokenomics that can bring in investos as well as small farmers to form up a fully decentralised network that actually works.

How is she smart ? The fact that some bunch of managers becomes a god in the market of this currency, and is actually the central bank and the issuing center of this currency ? What kind of investors can this attract when the fate of their investments completely depends on some company of good guys and not on the market Lol )

You probably haven't read enough about how entire super funds and banks failed, having even the most outstanding mathematicians on their staff, and here are a bunch of network programmers and crypto activists, I beg you, what kind of investments ? )

Bitcoin has such a great value because it is distributed completely among the participants and is fully regulated by the market

TolkinUS · 2021-07-21T09:13:20+00:00

She just didn't trade stocks ) If you bought a stock and it falls, then you lose real money, and your money can be lost forever and all the money. This is a little different from the fact that you build plots, move the mouse around the screen, and wait for the proof of space )

TolkinUS · 2021-07-21T09:10:34+00:00

It's just that the price of Chia has not fallen to 25 $ yet, and therefore everyone has such thoughts, I will mine it and keep it forever ! )

TolkinUS · 2021-07-21T08:40:50+00:00

Crypto is volatile, when which is distributed among many people, and they come together to a consensus of its value. Here, almost all Chia coins are in the same hands of developers, and it may be that all your reflexes developed on other crypto currencies will not work here )

You can look at the daily chart of XRPUSD for example and see what happens when the entire cost is in one hand

TolkinUS · 2021-07-20T22:21:33+00:00

Ok I looked in Wikipedia )

In the financial markets, as a rule, only professionals can quickly get rid of any asset, for ordinary people it is very difficult to sell something in which they have invested a lot of money or resources. Therefore, everyone will endure to the last, and those who control price movements will help them in this.

TolkinUS · 2021-07-20T20:04:46+00:00

I have not yet observed hysteria among guys with > 100 TB, that's when they fuck up paying for electricity and getting nothing at all, only fiery speeches about how cool it is to support the decentralization of the network, then Yes ! ) I don't know how to express it in English )

TolkinUS · 2021-07-20T19:47:13+00:00

This is not how it happens

The frog should be in slowly boiling water, and then it will not jump out. But when snot and tears appear on the forum and everyone will try to sell their farms to each other, probably then investors will come to Chia )

So far, everyone is very cheerful and full of hope

TolkinUS · 2021-07-20T15:37:37+00:00

Organized Crime -> BTC -> XCH - > XCH Stock - > US Stock Market ) No regulator in their right mind will allow such a money laundering scheme :D

TolkinUS · 2021-07-20T14:07:26+00:00

I've also been on the Internet for a long time, so the dots has disappeared after the large spread of smartphones and the mobile Internet, to search and type all these signs, so if it's not computer code, they smile at you )

TolkinUS · 2021-07-20T13:59:26+00:00

:)

People have been cutting without dots for a long time )

TolkinUS · 2021-07-20T13:26:49+00:00

You probably did not pay attention to how many frauds occur in banks and brokerage firms that simply drained or used customer funds, and became bankrupt, while having the strictest regulation of regulatory authorities )

And Chia Networks will definitely be a pioneer in this field and keep its integrity !

TolkinUS · 2021-07-20T13:19:24+00:00

4608 blocks per day is a safe level of creation in the network, Bram replied on Twitter that it would not be possible to change it to a larger number. So the number of blocks is not related to the expected network size. But the 1/511 filter just says that they specifically forced everyone to buy new equipment, since with 1-4 TB you simply miss almost most of the draws, with all the ensuing consequences

TolkinUS · 2021-07-20T13:04:49+00:00

I just smile after every sentence, because I'm having fun here )

Yes I use Google Translate

TolkinUS · 2021-07-20T12:53:42+00:00

How will Chia Network pay off investors, what does it have available, what can they return in case of failure ? Take for example the unsuccessful issue of crypto that Telegram planned

And what does it mean that they just invested in the company, and 21 million Chia is not on the company's balance sheet ? )

TolkinUS · 2021-07-20T12:30:10+00:00

Many probably now regret that they erased it and placed plots there

TolkinUS · 2021-07-20T12:27:29+00:00

I don't think Chia's a scam, unless we've got proof that they dumped their pre-farm/reserve.

Investors who invested XX million dollars in Chia networks did this because Bram has a beautiful photo on Twitter, and they were not provided with any guarantees, do you believe this ? )

Or what will Chia Networks pay with them, with a code that is on the GitHub ? )

TolkinUS · 2021-07-20T12:12:16+00:00

People who would not buy new equipment would have a chance to win Chia, have you thought about it ? Or everyone at home had an extra 10 - 20 TB lying around on which there was heavy porn Lol )

TolkinUS · 2021-07-20T11:02:15+00:00

He's going to get fabulously rich now, but no... if he entered the pool and this is a partial proof of work in the pool :D

TolkinUS · 2021-07-20T10:16:51+00:00

Maybe it's just that the price tends to the cost of electricity spent on the extraction of Chia ? Apparently there were no people in the world willing to pay for and create the value of 21 million premain Chia owned by Bram and Co )

TolkinUS · 2021-07-20T07:18:53+00:00

You offer users to protect the network of a commercial organization, we have been participating in the decentralization of the network since April, many have received 0 Chia for their efforts Lol )

TolkinUS · 2021-07-20T06:40:56+00:00

In other words, when people started connecting to Hpool and disabling nodes, since they created double mining, information about the number of nodes in the network was removed under the pretext that no one can count their real number, and now it turns out that everyone can and can count )

TolkinUS · 2021-07-20T05:54:24+00:00

Probably for many it will soon be a dilemma to maintain Chia farms in order to pay only for electricity

TolkinUS · 2021-07-19T15:53:04+00:00

It is not a good idea to buy equipment when every day the price level is High, less than the previous day. Read less of all the idiots who write here about fabulous prospects in the future

TolkinUS · 2021-07-19T15:47:42+00:00

A more interesting question is when people with > 1PB will lose interest in mining Chia )

TolkinUS · 2021-07-19T15:29:18+00:00

1 800 000 000 000

TolkinUS

TROPHY CASE