The fascination of Chia Network from the age of the Internet and the concern for future project developments

Hello Chia Friends

First of all, Since the creation of Bitcoin, there has been nothing comparable to the fascinating and exciting implementation of blockchain technologies until 2021, such as the Chia Blockchain and of course the Chia origin of BitTorrent and earlier Internet developments and visions.

Chia Network a payment solution with the coin XCH, like Bitcoin, but with expanded areas of application on the Chia Blockchain.
Since Chia Network XCH became tradable, Chia’s existence feels like a co-existence in the shadows.
Its existence according to the motto: Brand name Chia no matter what the cost, Chia is the brand and is sufficient as a brand without any notable differences or successes to the “competition” because there are historical influences from the time of the Internet.
Decentralization and new means of payment Myths like Bitcoin were somehow overpromised by Chia Network.
Permuto Capital: New investment vehicle for trading Microsoft shares
Many people were really looking forward to the announcement in January and did so after the new Permuto Capital was published.
Me too, but after thinking about it, there is nothing new, special, or necessary that blockchain technologies should offer as a solution.
The new application for stock trading and selected Microsoft stocks has nothing to do with the topic of cryptography.
It is an application based on “blockchain” but ultimately just a named word.
No Microsoft shares are now traded or speculated on Bitcoin, or even with Bitcoin.
Bitcoin (called because it is the 1st real functioning cryptocurrency) is traded as Bitcoin itself and does not integrate stock options, as private companies and major banks do on Wall Street.
Why doesn’t the Chia Network implement the actual idea of ​​decentralization and new Payment solutions for cryptocurrencies into further application for blockchain technologies?
Bitcoin and the blockchain as it is now in 2025 definitely needs a lot more attention from the Chia blockchain and similar moves for the Chia coin XCH.

In the overall concept, the company Chia Network and its community has everything you could wish for. Starting with the team, up to the developers and the somewhat neutral and down-to-earth attitude towards modernity.
What do you think about the latter developments in the ecosystem and what other areas of application can be considered as soon as possible?

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No comparable fascination and excitement? Were you in a coma during the ETH/ICO craze? Welcome back! :stuck_out_tongue_winking_eye:

CNI is a specialized software consulting firm, that sells development and project management (billable hours), support for the customized software clients have built, and subscriptions for their enterprise wallet and custody solutions. All for fiat. Their business model isn’t to sell coins (though they will to remain solvent), or pump coin price (though irrational degen exuberance can cause that to happen anyways). Don’t take my word for it: it has been in their whitepaper for years:

Chia Network intends to sell software services and support for its open source blockchain and smart transaction software to governments, financial institutions, corporations, and large buyers and sellers of storage. We also foster the grass roots development of DeFi, DEX, cross border payments, and new end user wallet innovations to accelerate the development of applications only made possible through a secure, decentralized programmable money. Our tools allow developers to create user friendly applications and wallets.

I can agree we’re all tired of hearing about the World Bank and the carbon market project they were paid to deliver and made the news. But “without any notable differences or successes”? C’mon. Did you come out of that coma yesterday? :wink:

The costs of stocks and certificates changing hands through tradfi markets and DTCC are high, and the system is slow. Those assets are traded on primary markets with limited hours and comparatively long settlement times. For the AC/DC certs customers who choose to hold in CAT format: settlement is in minutes, trading is 24x7, distributions like dividends are cheap, and tax reporting is simple and durable as it’s recorded on 10’s of thousands of nodes.

BTC is popular: but doesn’t have the programmability to do it. ETH/Solidity has the language support: but is a minefield of reentrancy issues and a cratered battlefield of rugged projects. Solana is speedy and cheap: but also hooked up to one of those timers you use to turn Xmas lights on and off.

If Permuto/CNI is successful when they launch this summer: other projects will certainly try to copy them (or at least believe that they could). None can today. CNI’s approach is new, special, and necessary.

What? Blockchain is just a tool: like a hammer. CNI/Permuto is using the tool to build software solutions that corps and govs will pay for. AC/DC certificates can certainly be used on traditional rails: and will find customers who only want to do that. But those customers who also use the CATs will find their operations cheaper.

Nobody wants to “buy blockchain”. The want to buy a tool that saves them money, or makes them more (and if blockchain is inside… that’s OK).

You’re correct. Bitcoin can’t do it. It’s a one-trick pony. Store-of-value, or bust!

I don’t know what should be next. We’ve been through years of blockchain projects throwing ideas at the wall to see what sticks. When markets already have distributed databases that are usually “good enough”… selling public-distributed-ledger tech requires you to find a new, unique niche. That’s hard.

I hope Permuto finally found one: and one that will have enough customers wanting tools to interact with that CNI is swamped with requests: and they finally become “the RedHat of crypto”!

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Bitcoin was never bad and always offered an alternative to traditional fiat finance.
It was developed and is still being developed today, regardless of the opinions of others, Bitcoin has paved its way for existence and has even gained the trust of popular large companies in recent months.

This is a huge difference to all other technology companies and applications that are on the financial market.

Decentralization and an independent banking-like system are fully covered by Bitcoin, even if the suitability of a payment replacement for cash has not yet been fully realized, many countries and humanitarian organizations around the world have been able to find a use for Bitcoin.

Hardly any other digital currencies offer such advantages and since Ethereum and finally since Solana, unfortunately, it is no longer the basic idea and the basic technology behind cryptocurrencies that are being pursued. Digital values ​​are more likely to be backed by gold, or fun based on blockchain technology such as memecoins, or a general replacement that is intended to simplify or improve common processes in everyday life using blockchain.

It is more of a blossoming world of infinite ideas, but that has always existed in the history of mankind, not only since humans used computer technology and, going further, AI systems and their programming are also offered a replacement for human thought, which can be given real value through cryptography and could thus commercially violate human thought in the future.

I had researched the blockchain space and found some projects that have been trying for a long time to gain a foothold with applications like Permuto Capital on our Chia blockchain.
SOLOGENIC and some other similar projects, on named Ethereum blockchains, “offer” exactly the same application as the Permuto Capital project.
But there has been little interest from stock market traders to date because it is a step further and there are hardly any differences to investment companies.
It would perhaps take 100 years for interest in such applications to arise until large investors have enough security and trust to want or be able to use such applications in addition.
I’m not interested in ETH SOL XRP or something like SOLOGENIC.

Chia Network has excited me since 2021 precisely because of BitTorrent’s origins
Also because of the B in BitTorrent’s name, perhaps the basic idea of ​​the coin being ranked 1st in the market with also a B and even IT should be taken more into account and not dance noses all over financial institutions.
In my opinion, there is no real key idea for real use in the time of Bitcoin.

The rapid rise and success of Solana was well planned and considered in terms of market technology, completely independent of one’s opinion of the Solana Chain.
Solana was among the top 200 coins according to Marketcap at the end of 2020 and continued on a “lonely path” into the top 100 coins and finally now in the top 10.
It’s similar with Ethereum as a first player and so on…?
Bitcoin and the blockchain as it is now in 2025 definitely needs a lot more attention from the Chia blockchain and similar moves for the Chia coin XCH.

Never had any interest in an Ethereum ICO and the current use case of the Ethereum blockchain and the ETH token is quite questionable.
Why is a digital currency in the form of the ETH cryptocurrency needed for the applications offered by Ethereum when such interfaces could be covered in the same way “depending on the scene” with Bitcoin or directly in fiat payment?

In the early 2000s, programs were not created in a complex system whose influence on transactions through self-created digital currencies would depend on its ecosystem.
The big tech companies probably won’t want to do that in the future either, perhaps just because Ethereum already exists for that.
Chia Network is unique and new on the entire market, something that no one can do the same.
There is also a lot of similarity to Bitcoin and should be retained as a basic idea in the Chia blockchain ecosystem.
It is not without reason that Chia has the interest of somewhat more specific groups of people, but that should not always remain the case for successful implementation.
I hope Chia Network and many of the cool and smart developers, as well as the community, will focus more on blockchain-based payment solutions in order to be able to replace institutions such as PayPal, SEPA and similar banking structures, as well as lasting additional areas of application for blockchain-related applications.

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Grayscale may also be a good place to start for new applications and take-up for specific offerings.

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