[PragmaticPulp]

I would assume current SSD shortages are more related to global chip shortages and increased demand than a speculative cryptocurrency that hasn't even fully launched yet.

Browsing the Chia FAQ, it looks like the Chia organization is busy pre-farming Chia coins for themselves with plans to loan them to companies to use:

> Why are we pre-farming?

> Chia has a novel business model to both, lower volatility of the coin and increase adoption. By loaning Chia and managing the interest rates of those loans as well as other tools like buying our stock with chia coins, we hope to lower the quarter to quarter volatility of the coin. To drive adoption, we intend to loan Chia to Global 5000 companies who will use it to pay their international vendors quickly, less expensively, and more securely.

This idea that companies will need to borrow a volatile currency to get payments done faster feels like a joke. Why must every fast payment scheme use arbitrary tokens with floating exchange rate instead of simply tapping into existing banking systems and representing existing currency holdings? No serious business wants to put a volatile cryptocurrency on their books just to transact a tiny bit faster.

[thraway180306]

Yeah, wow, whitepaper expects their reserve matched by other farmers only after 21 years of Chia mining/plotting.

I see Bram Cohen got the original authors of "proof of space" or whatever this is to author papers with him, and also got inflationary pressure in there, but if that's the extent of research, well, that's still not how the economy works. At least ransomware gangs won't switch from encrypting to deleting stuff altogether for space.