To answer your question, I left a long time ago, but I liked to check in from time to time on the latest conversations happening to see where Chia was at. This forum was a cesspool of trolls and bots but there were a few OG who came by from time to time to drop knowledge, for example @therealbwfree on legal matters.
I tried to get CNI to step in and take control of this forum, because it was being used to spread software which went against the farmers and the network’s best interests. I got censored for it on their discord and quit trying. I’m happy to see they have done it now, even if it seems completely dead.
Chia was a good project that originated in hard science innovation from Bram, a very good iteration on previous proof of space Burstcoin. In fact I had heard of Chia long before it was launched, in a Kevin Rose podcast where he mentioned that Bram was hiring, and followed it from there.
My conclusion on why Chia failed is that they are not Satoshi. They didn’t originate in the same context as Bitcoin (financial crisis vs funded startup) and they didn’t share the same fundamental goals (disintermediation of money vs new intermediating platform). One could argue that their philosophy (let’s resume it up as « profit ») is incompatible with the cryptocurrency ecosystem where all parties need to find their fair share in order for consensus to work. Or maybe such philosophy requires different people in charge, who understand the crypto philosophy better. I won’t talk about the mistakes Chia made, experience has shown it ends up in ad hominems. Crypto is still grifters’ paradise and here is no exception.
On the technical side, there is sufficient evidence around for any reasonable person to conclude on the failure of PoST as it stands implemented at Chia. The XCH price fall is not a surprise to any competent observer of the crypto market.
“…why Chia failed…”, that statement is quite the hot take. CNI owns half of Permuto Capital. Permuto is in the process of launch a brand new financial products that is working its way through the SEC. From S-1 filings we see big name partners like US Bank, DTC, NYSE American, PwC, etc.
Failed…nah. Just growing. Great time to buy XCH at these prices during the SEC delay and government shut down.
Should give Chia another look instead of prematurely declaring it failed. Far from that no matter how hard people try to FUD.
You make a solid point — “failed” definitely feels like an overstatement. The broader crypto market has been through a tough cycle, and a lot of innovative projects got unfairly labeled as dead just because they weren’t mooning.
Chia’s actually been quietly building — especially with the institutional focus you mentioned through Permuto Capital and the filings with major financial partners. Most people overlook that kind of groundwork because it’s not flashy, but it’s exactly what sets up long-term sustainability.
The SEC delay and macro environment are definitely slowing things down, but once that clears, XCH’s fundamentals could look a lot more attractive. It’s one of the few projects still pushing real-world asset integration instead of just hype tokens.
Definitely agree — worth keeping an eye on instead of writing it off.