Post
Topic
Board Altcoin Discussion
Re: Chia Cryptocurrency
by
Abiky
on 22/04/2021, 17:34:33 UTC
I've been toying with Chia for the past two weeks and while the idea sounds okay, the software written in Python is a complete dumpster fire. The version 1.0.4 refuses to connect, corrupts the database, exhausts your RAM, stops working randomly, or creates your "farming plots" with SOMEONE ELSES mining address. Can't believe they got investment for this. Satoshi, while acknowledging he is not a programming expert, wrote better software in his spare time and on his own.

I hate it when I have to use a software that's unstable. To my knowledge, Bitcoin didn't had such issues in its early software releases. The Chia developer team is going to need to ramp up their efforts if they want to attract the general public into it. Otherwise, the project will go all the way down the drain. With so many competitors on the market right now, it's hard to believe Chia will rise all the way to the top anytime soon. People are focused on "De-Fi" and NFTs right now, leaving other coins behind in the dust. So far, Chia lacks listings from prominent exchanges in order to maintain liquidity and a constant uptrend in price. It's basically a worthless coin right now, as people are pouring money into other big players on the market. Things could change if the Chia project delivers as promised in the long term. But for now, it'll remain under the radar of traders and investors alike.

Nonetheless, there are far better cryptocurrencies out there with active development, innovation, and real use cases for the mainstream world. Burst, Filecoin, and Storj are similar to Chia in the sense that anyone can mine these coins with their free hard drive space. Who'd want to use Chia if there are similar projects that are faring better on the market? As long as market demand for Chia remains low, the project won't be going anywhere. Just my thoughts Grin