Especially the two recently popular projects, CRU and Chia, the advantages and disadvantages of CRU can be seen clearly, what about chia? Flowers in the mist.
On the one hand is the high-hanging sheep's head, the genius founder, Bram Cohen (Bram Cohen):
Star team investment, Wall Street institutions such as A16Z, Danhua Capital, DCM Ventures, rumored that Coinbase is also one of the shareholders of chia, but it has not been found;
Incomparably ambitious vision: to replace the unfriendly Bitcoin, create a new smart contract language Chialisp, attempt to surpass the solidity of Ethereum, open up a bridge with the traditional financial world, and list blockchain tokens on US stocks and be absorbed by SWIFT. All the above absurdity is particularly like the domestic ZJP project, but it is not true. After verification, this sheep head is indeed hanged by serious foreigners.
On the other hand, the hard disk has skyrocketed by 3 times, and cats and dogs have come to participate. For example, the first person who came to preach to V guest was the old scythe who had been in radar coins and player feasts all the year round, and then a few whites with serious leek attributes asked me how this project was.
I realized at the time that this was not a CX project, and that a large number of CX elements had mixed into the revolutionary ranks, just like Filecoin. Fortunately, I didn't slap CHIA to death because of the non-mainstream crowd's propaganda. Instead, I did a careful research and got the first mine bonus. But it is true that the strong meaning of CX always makes me feel jealous, and the market price of nonsense makes me seem to see the sickle raised high.
The prices of several channels I know now include 1P450,000, which is considered conscientious, and there are even 600,000, 800,000, and 880,000! You must know that this is still the B-side price. If it comes to the C-side, you don’t know how much the price has been driven up.
This kind of price will lead to the second problem: smashing the plate!
At present, CHIA coins cannot be transferred and circulated. The transfer will be started 6 weeks after the mainnet launch on March 19, that is, the coins mined now cannot be sold, only futures. What is the futures price? From 10U to 30U traded over-the-counter, and then futures were launched on non-mainstream exchanges.
And nearly $5,000 more!
Do you think such a high price corresponds to such a high cost of leeks, is it urgent to recover the cost? Everyone wants to "digging and selling", so who will take over the offer?
Therefore, if the price starts from a low starting point and rises steadily after going online, that is the most ideal. But this kind of ideal, under the current crazy capital hype, is very unlikely. So there is a high probability that the price will skyrocket and plummet. Unless, like Ethereum, you have many applications, you have to consume CHIA. But it is said that there is an application, at least for now, it is a flower in the mirror.
Replace Ethereum? I'm sorry, although the rules for using Solidity are strict, I'm afraid that programmers will use it easily, and I don't want to change it. Besides, the Ethereum ecology is not so easy to migrate, or why other public chains and cross-chains have not succeeded? Improve the global financial and payment system and want to be absorbed by SWIFT?
XRP did not do it, and the probability that CHIA can do it should not be very high. Aims to become the first publicly tradeable"ETF-like"To become a sovereign country, financial institutions and enterprises want to use cryptocurrency in daily business? I am curious how he can do what Libra and BTC failed to do, but what DCEP is trying to do?
Although without Bram, there would be no BT, without BT there would be no P2P network, without P2P network, there would be no blockchain, and without blockchain there would be no ETH, DEFI, CHIA, so it can be said that, Brem is both Chia's father and Chia's great-great-grandfather.
It looks awesome, but there is a small bug here, that is, where did Bram go during the stage of being a grandpa and grandpa in the middle? Has his team done any great blockchain projects after BTC? I haven't heard of it so far.
Although the past does not represent the future, and the failure to do a good blockchain project in the past does not mean that it will not be possible in the future. But in the same way, the establishment of BT in the past does not mean that CHIA will be successful in the future. I can only conclude that this is not a project to cut leeks, but it is indeed a project that currently looks like Don Quixote is challenging the windmill.
Therefore, there is only one way to maintain the income of miners: consensus! So many, many people have a consensus. But where do consensus beliefs come from? Where do many people come from? If you look at the history of BTC, you will know: first, there must be a genius technical concept and revolutionary innovation; second, there must be a powerful technical team to support innovation; , There must be many people who have invested real money, paid love, expectations and sunk costs. If these people don't fool their beliefs, their sunk cost will really sink. After a long time, maybe they all love it. Relying on consensus alone, let alone becoming a currency king, in this era, even entering the top 30 by market capitalization is difficult. So does CHIA have this basis? If you compare the above four points, if you think about it, you will know that after BTC, it is not easy. You may be able to surpass LTC, but the possibility of surpassing BTC is very low.
So, I personally answered the first question, what is the future of the CHIA project?
The answer is that the imagination is limited, at least it is difficult to realize the vision written in the green paper, surpassing BTC, replacing ETH, being incorporated by SWIFT, and fulfilling the unfulfilled legacy of libra. To be honest, I feel embarrassed when it comes to this . But it may be able to enter the top 20 in market value. After all, this is still a star team.
Then there is the second question, why is it not as wonderful as advertised, and what is the power that makes CHIA such a fire? The price of the hard disk directly increased by 3 times in 2 days.
If you can't understand, let me give you an example, and you will understand. For example, the recent SHIB has grown 17 times in 7 days. Is there any application? Anyway, I didn't understand this sentence: an experiment in decentralized spontaneous community building. In their own words, the purpose is to assign skills within the community to appropriate roles in the development of Shibs for decentralized management. I try to understand it, it is probably an Owen-style utopian socialist experiment, do you think it is grounded?
Nonsense, it’s all fantasy, you still expect to use it? Of course, this is my definition of "fantasy", but I really can't see where I just need it. Is there a consensus on that? If it weren't for the sharp rise, I wouldn't even know there was such a coin. In the currency circle, if it rises, it means revolution and consensus, and if it falls, it means scam and shit. This kind of false consensus is reflected in the entertainment industry as a short-lived traffic star, reflected in daily life as the popular Japanese toilet seat, reflected in the currency circle as SHIB, and reflected in the mining circle as CHIA. Their madness has common elements: first, it fits the current hot spots; second, there are stories to satisfy the speculation space; third, there are dealers who can control the market from the source. I won't disassemble the star and the toilet seat, you can figure it out yourself.
Take SHIB as an example, Dogecoin can be supported by tens of thousands of telegram groups, why can’t I, you are a dog, I am a Shiba Inu, what, I am more close to the people, this is to rub the heat, this is to fit the current hot spot. Secondly, Shiba Inu allows users to own tens of billions of tokens, and the price is ridiculously low now. But if you look at Dogecoin, it is about to break $1. How do you know if shib will break $1 in the next bull market? Even if it breaks 0.1 US dollars, I can buy 500 million Shiba Inu for 10,000 U, and I will lose it. If I get it back in the next round of bull market, it will be 50 million US dollars! Is this story not big enough? Finally, the largest currency holding address holds more than 50% of Shiba Inu coins. What do you think of the level of control? So CHIA followed suit.
What is the current mining hotspot? From graphics card mining to hard disk mining. FIL was hyped and brought CRU mining at the same time, and the launch of the CHIA mainnet on March 19 was just in time. The other two hard disk mining requires high pledges, and CHIA Mining is light-packed. Those who are scared away by FIL mining, especially the teams with ZJP attributes and CXZX attributes, have to find work for the brothers below. This CHIA Mining really burns at one point, pays back the cost in 2 months, earns 20 times in half a year, and sells hardware without worrying about legal issues at all.
Secondly, it is the story of the track. How come you only discovered such an awesome team and vision now? It's really a long drought and sweet dew. In fact, CHIA has been working since 2017, but this nectar has not met the spring breeze of hard disk mining, so it has been hidden in long johns. In the end, it is the dealer who controls the market. When mining graphics cards, the factory was instructed by Chinese Jews to deliberately not ship them, either hoarding them or digging by themselves.
For hard disk mining, someone deliberately rounded the hard disk. Maybe you can’t make money from mining, but you can definitely make money by selling the mining machine at a high price. Many ZJP bosses are rushing to grab 600,000 1P. They don’t care that the actual hard disk and P disk should cost more than 200,000 1P. Anyway, the upstream price has risen sharply, so they can make more money from the downstream. Many terminals are buying 1,000 yuan 1T .
Selling so expensive, won't the team leader's conscience hurt? No, because they also think that according to 2,000 US dollars per coin, then 1T can mine 0.02 coins a day, earn 268 yuan a day, pay back the cost in 4 days, and earn 10 times the return in one month, digging for one year, regardless of the currency Even if the price rises, there can also be a 100-fold return.
The project has been in operation for so many years, and it is rare to encounter such a profitable and legal gold project.
But the team leader didn't consider whether the coin can still be at such a high price when you sell it? But the team leader is now thinking about how to sell in large quantities, so he designed the model and increased Poppy, which further expanded the bubble. If the price of the currency is high, I will definitely sell it as soon as possible, but who will buy it? I haven't thought that the "customer portrait" of Panxia should be the guy who has been brainwashed in some CX communities. Later, mining machines became more and more expensive, so they simply speculated on coins, which is the same as speculating on BTC and FIL, and they can indeed support the market for a while.
If you have a partner, you have doubts. You don’t seem to be very optimistic about CHIA, so why is the V-shaped mining pool still open to the public?
This brings up the third question. Can I invest in things that I am not optimistic about?
The answer is yes.
I also bought 20P, and even took a stake in a technology company, which will become one of the top three nodes in the world next week. Maybe in your eyes, why am I so split personality? Soros, a financial investor, has a famous saying: "The history of the world economy is a series based on illusions and lies.
The way to get rich is to recognize its illusion, play in it, and get out of the game before the illusion is recognized by the public. "If you agree with this, you know that there are not so many incremental value things in this world, maybe Apple, Google, Tesla, Bitcoin, Ethereum, even if not, there are 200 TV shows like this. There are many episodes, and it is only now in the 10th episode. The door to the future digital world has just opened, and there are still many episodes to be released. Fortunately, I participated in the first 10 episodes.
In this bottom position are mainstream coins and mainstream mining. Watching these TV dramas every day will inevitably make you tired, so you spend less time and energy watching other TV dramas. This kind of TV series needs to be exciting enough. Although the number of episodes is short, I watched it earlier, and no matter how promising it is, it cannot replace Zheng Gong. I want to know deeply that the wild flowers on the roadside and the dewy love are the most beautiful, and they may not be my white moonlight.
For example, Dogecoin and Shiba Inucoin, if you know the same story again, or go back in time, will you take the time to invest a sum, and then evacuate before the truth is revealed?
I don't think most people have trouble with money.
A similar thing happened to LeEco. I bought its stock a long time ago, and then I also felt that Jia Yueting was an extremely shrewd liar, but I sold and left the market before most people recognized his true colors. So I really didn't want to understand why Sun Hongbin was so innocent and why Xu Jiayin was so stupid. Of course, there is also a possibility, that is, they discovered the value of subsequent financial games, but they just screwed up.
And on Fil, before I went online last year, I encouraged everyone to buy more. After all, this is not a leek cutting project. If it is not done well, it can also pay back the cost. If it is done well, it will make a lot of money.
Of course, judging from the situation at the time, the possibility of its success is still very high, at least higher than that of CHIA. However, I am also ready, maybe, to get back my money quickly. Therefore, when this financial game did not receive application support as scheduled, when the TV drama reached its climax in March this year, and when the currency price broke through 230 US dollars, I advised my friends and customers not to enter the market as much as possible. It may be the catcher, of course, you may also leave after finishing the last hype.
Well, when it comes to CHIA, I don’t know what its future will be, but it’s just a general judgment that it’s hard to realize the vision of the Green Paper.
But it is one of the more interesting speculative products among many financial games, and there will be 3-5 months in the future with the enthusiasm of the bull market. Perhaps, what we have to do is to enter the game at a relatively low cost, at the right time, such as 3 In a month, leave. If its fundamentals change in the future, we will return. To do business, you don't need to have such a high level of faith. Faith is what harvests leeks.
It's a pity that most of the leeks can't hear me. Fortunately, most of the leeks can't hear me either, and they won't believe it. But thanks to this, I had the chance to leave. Of course, as a kind speculation, I still have to make it clear to my friends, maybe you can bring your faith, I don’t have it at the moment, if I have further knowledge, I may re-write my own face, but I advise you Better not to have faith.
In addition, honest speculation cannot sell you at sky-high prices. If the current order T price is higher than 500 yuan, you don’t know how many times you have transferred it. Speculation should also be done to find a good source of goods. After all, the cost of a hard disk T is currently More than 300 yuan.
A practical financial writer who went from having nothing to a real "get" will accompany you on the road to wealth and freedom
Author: V Ke Baiyuan, principal of [Blockchain Thinking]
A practical financial writer who went from having nothing to a real "get" will accompany you on the road to wealth and freedom
