But its not worth that, if they tried to sell a vast amount it would crash the price, not to mention the uproar from farmers, they could of course sell some, but that depends on what the market would support.
@ShotEm I’m not even going to bother replying, apart from saying I do agree with them struggling to compete with Max and NoSSD.
I am not arguing how much is it worth in general, rather that selling about 0.2% of it to purchase either NoSSD or GH to get over this hump is doable (and a no-brainer IMO). If that would happen, one of the benefits would be that the fees would drop to $0, so I would think that virtually all farmers will be more than happy with all those outcomes. Another benefit of that is that instead of spinning the wheels to look for alternative solutions, they could focus on the business side (e.g., looking for new investment or business partners).
For a startup with rather high VC investment there is always a choice between fighting the competition or absorbing it. The standard motif of startup is that they hire the best people. Purchasing either GH or NoSSD can also imply that they would absorb those devs, making CNI dev team much stronger.
How many times do you want to repeat this nonsense, that doesn’t make it true
CNI itself published the technology for compression (hellman attack), NOSSD was then the first to implement it in a technically extremely efficient way, which was of course a great achievement.
Even now it wouldn’t be worth 100 BTC, which was a totally exaggerated claim, apart from the fact that NOSSD behaved in a totally childish way anyway. Fortunately, they then got back to what they were really good at and returned to pure support and further development and a more sensible tone returned.
The current development stage of NOSSD is of course the absolute high end in terms of the Hellman attack. And before CNI itself pays 100BTC for this, it is much easier to simply switch to K34 or from 7 tables to 8 or more. (plottfilter reduction is actually a very soft way to make it more expensive to use compression)
CNI is not Brain there is much more to it, Brain has the same problem as NOSSD both are top developers but don’t really have tallent to communicate in an acceptable way community compliant. And it’s not as if no consequences have been drawn, Brain has changed its position and has refocused on its development.
I personally think that Chia is currently no longer congurative, 2 important almost “unique selling points” are now simply no longer available.
At the latest since DrPlotter, Chia has not really green (I know it is not the standard farm, but if I were newcomer I would only go this way, but we really slowly slide into the POW). And the second of which CNI was always so proud of and sold it as an important security aspect was the NC, which is now also history.
In the end, a chia farm is still profitable compared to the electricity costs spent and I let it go, but I would no longer get new. I currently see no positive development of CNI and I think a ROI is very difficult for newcomers to realize.
FWIW I decided to replot to standard NFT compressed plots. I have nothing but great things to say about my experience with NoSSD and I think the team is great. At the end of the day, one giant farmer, regardless of no evidence of ill intent, is not a good idea.
FWIW I decided to replot to nossd compressed plots. I have nothing but great things to say about my experience with madmax’s gigahorse and I think he is great. At the end of the day all I care about is money.
And that is just human nature, so greedy, that they even do things they know are bad, or could lead to a bad outcome, and just don’t care about the consequences at the time.
We are all motivated by personal gain. Some want wealth, some want power , some want prestige and some want pleasure….etc. Many different forms but all are personal gain. CNI’s Devs are the same. They took a huge premine, also greed. They made it clear by their actions that the farmers could fend for themselves. They showed little interest in developing good software for farming. The only thing on the farming side they cared about was node count. Even the client software for just running a node is buggy and cumbersome. So a lot of people are not interested in running it. And don’t even start with the whole green thing about them wanting to make the world a better place. They are motivated by personal gain. So this is what they got. It is up to the developers to figure out how to protect the block chain. Their job. If their software on the other side of the coin that they are hoping to market is as poorly thought out and implemented as the node/farming software then this is the real problem. I just cannot imagine that it is any better.
I don’t really care if Chia fails, myself. This is a hobby to me. I am very sure another PoS blockchain will emerge or one of the others will take Chia’s place. shrugs I do enjoy the reading here, though.
But NoSSD are the ones who ran away kicking and screaming like kids before they even made it to the negotiation table, throwing out a ransom after the fact is not something a company can respond to.
They never even got a chance to explore this one version of several versions, because look above, NoSSD are the ones who ran away kicking and screaming then demanding a ransom after the fact.
You keep making up these stories as if they are true, no matter how many times you repeat them its your fabrication of events and timelines…
CNI attempted conversations with NoSSD, but NoSSD threw a hissyfit when asked to sign an NDA which would protect BOTH parties, NoSSD claimed it was too difficult to understand and made NoATTEMPT (pun intended) to work with a lawyer of their choosing to draft papers they felt were in their best interest, they just ran to the internet and demanded ransom.
(this is NOT how you get paid, its how you burn bridges)
No matter how many times you try to rewrite history, it remains, this is why we prefer blockchain, because as we’ve all witnessed with you, history changes, especially when you leave critical details out.
P.S. NoSSD devs shot themselves in the foot once because of their emotional outbursts, if NoSSD and the users don’t adopt CHIP22 I suspect it won’t be long before they shoot their other foot.
Just so I understand……CHIP22. Is this basically the doubling of the plot filter and the halving of block rewards? So as I understand it this will make compute required x2 for half the reward? Is that it in a nutshell? I haven’t the interest to read all the blah blah blah about it, my shortcoming. Anyone feel free to weigh in, thank you all.
CHIP22 is something to allow third party plot farming using a plugin I think, although it doesn’t do anything to alter the fee structure. I haven’t read the information either, but that’s the basics of it I think.
So, a person will be able/maybe required to operate a chia node while farming Max/NOSSD/DRplotter to help the block chain be more decentralized? Good for us all like liver and spinach?
Abstract is good enough to get a general understanding. Also, Proposed solution gives a tad more info (“If this CHIP is accepted”, etc.).
By the way, Pooling on other blockchains section has a bit of info about Bitcoin decentralization. Looks to me that it is more like a religious word. I think that that article would be better if emphasized security rather than decentralization (security has direct implications, where decentralization is kind of a vague description of the state of security).