Chia surpasses 1 exabyte of hard drive space • Hacker News Board

Re: Chia surpasses 1 exabyte of hard drive space

#171

Post by mac01021 » Thu, May 06, 2021, 2:52 AM UTC

meowface wrote: post #170

mac01021 wrote: post #169

Earlier quoted context omitted.

This is a very helpful comment, thank you! I agree that any blockchain has to be resistant to Sybil attacks. And that may be an insurmountable obstacle for my idea but, so far, I haven't let that stop me from thinking about it. There do seem to be some properties of PoW/PoS related to the level of iniquity in control of the blockchain and to their incentive structures, and I think it is worth casting a wide net in se…

I agree. I don't know nearly enough about it all to be able to think of any, as well. I just know open, decentralized, trustless, permissionless, anonymous consensus in global peer-to-peer networks is a very difficult problem that people have been wracking their brains thinking about for decades. BitTorrent, Bitcoin, and Ethereum made some of the biggest breakthroughs, there. It seems like everything might be a varia…

BitTorrent?

Re: Chia surpasses 1 exabyte of hard drive space

#172

Post by grendel25 » Thu, May 06, 2021, 3:10 PM UTC

Monero supposedly had no premine. There are over 10,000 different crypto currencies and I know first hand several did not have a premine.

6 YEARS PRE-MINE AND CALLING IT "PRE-FARM" IS AN INSULT

I generally don't have a problem with pre-mines and actively participate in coins with premines.

BUT 6 YEARS!?!?! GET REAL DUDES

Re: Chia surpasses 1 exabyte of hard drive space

#173

Post by devm0de » Fri, May 07, 2021, 5:41 PM UTC

jl6 wrote: post #95

I don’t get it - it’s promoted as environmentally friendly, but it doesn’t seem that 1EB is being used for any actual useful storage purpose. It’s locked up as part of the running of the Chia system isn’t it?

Chia team anticipates an S curve where adoption will level off and at that point it'll mostly be companies or people that have extra storage laying around and figure 'why not' store some plots on these disks to try to earn a bit of money. Or orgs plotting to new servers while they're waiting to be used, deleting plots as the storage is needed.

They also argue it's more green because if you don't want to store the plots, you delete them and the storage is still available as normal storage for other purposes. With PoW, you have specialized hardware that isn't useful for other purposes and you burn a lot of electricity all the time securing the network.

Re: Chia surpasses 1 exabyte of hard drive space

#174

Post by devm0de » Fri, May 07, 2021, 5:47 PM UTC

GordonS wrote: post #122

jl6 wrote: post #95

I don’t get it - it’s promoted as environmentally friendly, but it doesn’t seem that 1EB is being used for any actual useful storage purpose. It’s locked up as part of the running of the Chia system isn’t it?

I don't understand all the "green" claims either. It takes a lot of energy, resources, shipping miles and manhours to manufacture an HDD/SSD. Then you waste several hours of energy to "plot" the disk. Then you've got to keep the disk filled with random junk data and the hosting rig powered and connected to the internet to "farm" it. Plainly less resource-intensive than PoW (Proof of Work), but also very plainly far f…

Bram has a talk where he goes into the issues with Proof of Stake, centralization and categories of issues that don't exist in proof of time and space: https://youtu.be/2Zlcgt8FVz4?t=510

Re: Chia surpasses 1 exabyte of hard drive space

#175

Post by woah » Tue, May 11, 2021, 6:37 PM UTC

inter_netuser wrote: post #161

woah wrote: post #154

Earlier quoted context omitted.

This is nonsensical. PoS users can change any parameters of the chain just as easily as PoW users can change the hashing algorithm. If all the PoS users switch to a version of the full node and or light client software that has the biggest holder’s balance reduced to zero, there is nothing anyone can do to stop them. It is the exact same thing as if PoW users switch to a full node software with a different hashing al…

I think the most fundamental difference that "balanced reduced to zero, is not even up for discussion in Bitcoin. Some Orwellian newspeak right there. "Reduced to zero". Just call it what it is: blacklists. Blacklists = permissioned access. Behave or we blacklist your coins. Welcome to Fiat 2.0

Whatever. All Bitcoin users could also switch to a client that reduces someone's balance to zero.