Chia vs. Bitcoin I wrote up an explanation of Chia and its benefits vs. Bitcoin in Japanese. There are better resources out there in English regarding the various comparisons, so I’ll be brief in this English version. Power (Electricity) Consumption There are a lot of English articles on the topic of Bitcoin’s power consumption (I like this one from Princeton, and Cambridge has a fun interactive tool). If you’d like to learn more about how Chia’s power consumption is, the Chia Power website is a great technical source. Read more...

Quick post to bring attention to “pre-sale” Chia (XCH). tl;dr They’re all scams! (Relevant Tweet from @bramcohen) Here’s some justification. The latest business whitepaper is available at https://www.chia.net/assets/Chia-Business-Whitepaper-2021-02-09-v1.0.pdf, and all my claims are cited from there. Chia Network (The Company) has a 21 million XCH pre-farm as The Strategic Reserve (p. 4 “Company Vision” paragraph 4, p. 15 “The Strategic Reserve”). (So yes, the company does have a stash.) Transactions have not launched yet (p. Read more...

I’ve been passively following the Chia project since signing up for their newsletter in 2017, and am now more actively participating in the community now that mainnet is a couple hours away from launching. Although I haven’t really understood the soundness of Proof of Space + Proof of Time and the many implementation details meant to fend off attacks, I think the general approach of building on Bitcoin’s strengths while covering its weaknesses is a robust one. Read more...

just setting up my hugo