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Anyone crypto studs heard of CHIA?

I’m a total neophyte but apparently it uses hard drive...
logan thincock
  05/04/21
i put a small amount in chia's seed round supply is aroun...
===,^^^^^^,\"<
  05/04/21
My dad works for a major SSD manufacturer which is how I hea...
logan thincock
  05/04/21
its sky high fdv makes me think 10x from here is unlikely. t...
===,^^^^^^,\"<
  05/04/21
Makes sense, wasn’t aware it has such a high fd mkt ca...
logan thincock
  05/04/21


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Date: May 4th, 2021 9:58 AM
Author: logan thincock

I’m a total neophyte but apparently it uses hard drives/storage instead of the processors that BTC uses? Just started trading a few days ago. Any knowledgeable thoughts?

https://coinmarketcap.com/currencies/chia-network/

https://www.makeuseof.com/what-is-chia-cryptocurrency/

(http://www.autoadmit.com/thread.php?thread_id=4826009&forum_id=2#42398035)



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Date: May 4th, 2021 10:06 AM
Author: ===,^^^^^^,\"<

i put a small amount in chia's seed round

supply is around 20 million chia, so at current prices, fdv=$15b

apparently its popularity in china has caused a hard drive shortage

(http://www.autoadmit.com/thread.php?thread_id=4826009&forum_id=2#42398078)



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Date: May 4th, 2021 10:46 AM
Author: logan thincock

My dad works for a major SSD manufacturer which is how I heard of it. Think it may have legs?

(http://www.autoadmit.com/thread.php?thread_id=4826009&forum_id=2#42398280)



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Date: May 4th, 2021 10:56 AM
Author: ===,^^^^^^,\"<

its sky high fdv makes me think 10x from here is unlikely. then again, filecoin, which is another project very popular among the chinese, has an fdv of $300b. iirc, filecoin is deflationary though, while chia has a high inflation rate for the first many years

(http://www.autoadmit.com/thread.php?thread_id=4826009&forum_id=2#42398335)



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Date: May 4th, 2021 11:24 AM
Author: logan thincock

Makes sense, wasn’t aware it has such a high fd mkt cap right out the gate.

(http://www.autoadmit.com/thread.php?thread_id=4826009&forum_id=2#42398460)