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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.


We 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.


Chia 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".


All of them are Proof of Waste.


Is Proof of Stake proof of waste? It has some of its own unique challenges, but I think it seems better in that it doesn't require committing lots of physical resources.


You're right, proof of stake isn't proof of waste. Proof of work and proof of space are, though.


I guess that depends whether an exabyte is a lot.


Talking about Proof of Stake, not Proof of Space.


>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?


Officially, 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.


Bank bailouts in 2008 justified? Save the rich, screw the poor and the middle class. At least the society is peaceful.


Mmm not to me no, I believe in a capitalist system that lets losers lose. However the argument was ordinary folks would pay.


It is, sort off, the inherent goal of a (nation-)state. At least, that is a common and rather accurate historical and geopolitical model.


maybe it's not the job, but it's the nature of governments


> 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.


We can hope, but, if you're going to need hard drives in the foreseeable future, you might want to go buy them now.


From people hoping to mine and then immediately sell it, or from people who are planning on buying and holding?


I 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.


Why?


Just 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.




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