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/biz/ - Business & Finance

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55659929 No.55659929 [Reply] [Original]

How many Chia holders actually exist on /biz/? With as high of a Nakamoto Coefficient as it has along with the huge number of nodes running still running in such a shit market I'd think there would be a few of you out here

>> No.55660003
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55660003

>>55659929
>How many Chia holders actually exist on /biz/?

>> No.55660775
File: 81 KB, 826x623, heyhheeeyheyniggersIhaveAVAX.jpg [View same] [iqdb] [saucenao] [google]
55660775

>>55659929
>>55660003
>There is no guaranteed finality, but the more confirmations a transaction has, the "safer" it is.
>A transaction needs a certain number of confirmations for a receiver to assume that it cannot be reorged, under the <46%(* vdf advantage) colluding assumption
>Since farmers can theoretically sign multiple blocks at the same height, more confirmations should be used in Chia than in Bitcoin.
>However with a rate of 32 blocks per 10 min, 6 confirmations in Bitcoin is equivalent to 192 in Chia, which is more than enough to be considered safe.
>As long as one of those 192 farmers is well behaving (not double signing), that transaction will not be reversed.

tl;dr slow blockchain with waiting times, cant scale, no guaranteed finality and a tx can be reversed and its basically worthless for anything finance related.
keep waiting for transactions chia cucks, mine are FINAL in under a second and will tokenize all the Assets in the world.

>> No.55660784

>>55659929
Literally nobody holds this shitcoin, it had it's one pump against BTC for like a week in 2021 and it will never pump again. Shitcoins only get one pump vs BTC.

>> No.55661383

>>55659929
there are
still very pleased overall with the focus and overall direction of this company. the confidential IPO filing set the wheels in motion for their full IPO by end-2024 at the latest. my opinion is that once they're a publicly-traded company, everyone will be taking a closer look at what they've built. and they'll really like what they see.

>> No.55661523
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55661523

>>55659929

I bought HDDs and a 5950x for about 3k to farm Chia in 2021. What I farmed since then is worth about 550€. I'm not even sure if it covers the electricity lol

>> No.55662284

>>55661383
Kek, baggie.

>> No.55662542

>>55661383
I do wonder what it will take for larger corporate groups or governments to seriously consider public blockchains for the few things it's genuinely good (and overall cheaper) at. The space certainly hasn't done the best of jobs to show that blockchains aren't complete pieces of overhyped of shit that just sells you monkey jpegs, gets hacked multiple times a week and is clearly not decentralized in the slightest at its base level

>>55661523
>Devs outright say it's designed for usage of extra HDD space across the world and that people shouldn't buy a ton of stuff just to farm
>Anon is probably among the thousands of other people who jumped on the hype train a month after mainnet start and boosted the netspace over 20x in less than 2 months
If you're gonna go heavy into that kinda stuff anon you need to start at the beginning to avoid getting burned like that. Even in this market I'm still a little over 2x on initial cost for buying stuff

>> No.55663539

>>55660784
>>55662284
Do you have any criticism of how the development's actually going and their desired path to adoption?

>> No.55663615
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55663615

>>55659929
The only people that keep posting and asking this question is most likely miner that still baghold huge amount of XCH. -97.88% from launching date, you can definitely the greed of humans there and in this thread.

>> No.55663802
File: 133 KB, 1329x777, Screenshot 2023-07-26 at 01-18-05 Internet Computer Price ICP Live Price Chart &amp; News CoinGecko.png [View same] [iqdb] [saucenao] [google]
55663802

>>55663615
>-97.88% from launching date
Hey it sounds really bad if you say it like that. How about up 372% against ICP since launch?

>> No.55664937

>>55663615
This ignores the fact that Chia was a blockchain that for all intents and purposes for the price right now it started with 0 supply (and only 6 weeks worth of it when trading started). It's had an extremely high amount of inflation to start out

>> No.55665039

>>55663539
My one major critique with development is the state of the official compressed farming. MadMax has had his out since February in a basically-finished state, and Chia is just now getting their official one into beta, with worse performance, stability, and features (no remote GPU) compared to MadMax. Max's is kind of a hack, as it doesn't integrate with the stock node/farmer code, but if you don't care about that (or the fact that it's closed-source and has a dev fee), it's still the better option right now.

I really like what Bram is doing on the Chialisp side of things. I sometimes worry that Lisp is too esoteric to steal much marketshare from Solidity, but its very-low-level design decisions are absolutely the right ones. I think that with more intuitive dev tooling, and a solid set of docs/libraries/example code, it can succeed.

>> No.55666127

shame, chia was a good project but went live after the fuckening

>> No.55666957

>>55666127
I mean the devs are still actively working on it. There haven't been any company layoffs and the IPO is in the approval stage

>> No.55667021

I looked at the chart of this coin, holy SHIT, it used to be at $1500 now its $31