Chia has so much potential! However, as a person with rudimentary understanding of the benefits of blockchain, what does XCH offer? The whitepaper makes a fantastic case for XCH and Chia seems to be developing a great codebase/platform for possibilities. But Chia seems so focused on building the platform that there is little to entice demand for XCH.
I’d love to see Chia communicate better with the ‘average’ person such as me. I’ve invested in BTC ETFs, but buying into XCH is difficult. Also BTC is driven by demand yet there is clearly little demand for XCH (as evidenced by the falling XCH price). I’d love to see a focus by Chia on creating demand. What do others think?
For example, from Climate – Chia Network, ‘The Climate Action Data Trust (CADT) is a decentralized metadata platform that harmonizes all major carbon registry data to enhance transparent accounting in line with Article 6 of the Paris Agreement.’ Um, ok, I’m a Ph.D. but this statement is way too high level and abstract; where is the messaging about how this impacts and benefits the average person?
Did you see the information about Permuto Capital and the work towards having the ability to buy and trade MSFT derived certificates (appreciation and dividend portions of MSFT to be separated into two certificates with the ability to trade them as CATs) onchain?
More info on Permuto:
The S1 for this:
https://www.sec.gov/Archives/edgar/data/2051974/000121390025003602/0001213900-25-003602-index.htm
Yes, this looks promising. I’m certainly not critical of the efforts of Chia to create uses for XCH. My issue is perception by the ‘average’ consumer. I understand that Chia is targeting corporates but I think there is an opportunity being missed by not also focusing on the average person out there. For example, how does the average person benefit from the Permuto initiative? Will the various explanations of the Permuto initiative excite the media to write about the amazing things Chia is doing? BTC is in the media so much because it’s benefits are simple to understand (and of course it’s rise in value); let’s get Chia and XCH all over the media!
Thanks. I hadn’t seen this. However, I’d just love for the benefits for the average person to be communicated.
End users are going to like using the Chia blockchain to invest in equities that out perform their original versions. The Permuto Trusts are for everyone.
I might be impressed if the whole “carbon credits” concept wasn’t based on the PROVEN FALSE narrative of the Green Lobby, and seems likely to eventually go “poof” when more folks realize the Green widespread PROVEN FALSE theory about “human caused global warming via CO2 levels” get widely known.
Hopefully the “stock trading” concept will prove to be a lot more viable, since it seems to be based on something real.
Carbon market is fairly complex. And it doesn’t quite revolve around a registry per se. Trading platform usually is the key driver for demand (of using a blockchain). It’s interesting that EcoRegistry or whoever isn’t pushing for more trade adoption. It may be that there are other unknown factors involved.
Having all voluntary carbon on the Chia blockchain served as an important reference customer with the SEC, commercial banks, and Wall Street. The politics around it are irrelevant when you’re more concerned with wether your organization can succeed with a project on Chia.
The World Bank having done deep research across chains and then successfully deploying to production really matters when talking to bank CTOs.
I may have missed it but my previous comment doesn’t deny that stance.