Chia storage use is very much on the exponential growth curve right now, and I'm curious when shortages will start being felt in US consumer channels.pic.twitter.com/CBe24IhpJz
The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in maciej@ceglowski.com +1 415 610 0231
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Chia storage use is very much on the exponential growth curve right now, and I'm curious when shortages will start being felt in US consumer channels.pic.twitter.com/CBe24IhpJz
The total amount of hard drive storage is massive, but the number assigned to retail channels is not, and it is hard to increase. This is doubly true for the high-end SSDs that chia farmers favor for plotting (that is, creating new bingo squares)
What we really need to make the cryptocurrency revolution complete is a popular new coin that requires massive amounts of RAM. Then all components of homemade PCs will be equally unaffordable, and balance will have been restored
Kudos to Bram Cohen and team for inventing a form of Lisp that massively inconveniences anyone who needs to buy a hard drive in the next five years. This is a huge leap forward for Lisp, which for decades had only caused pain to the people who used it
(For those unfamiliar with chia, it has two big resource consuming steps. The process of making new bingo cards requires NVMe SSDs, while the cards are stored on regular hard drives. Bingo card creation is the bottleneck, so the SSDs are the most endangered species of storage)
Cryptocurrency is an ingenious technique for converting concentrated wealth into widespread shortages, ransomware, and carbon dioxide. Whoever figures out how to run it in reverse will have their statue in every public square
Add up the total cost of creating & maintaining ~180 countries' fiat money each year in terms of kilotons of extracted metals, deforestation/paper, chemicals, electricity, CO2, shortages, terrorism & war, and we'll have this chat again. You know...when you're minimally educated.
Okay but I can buy a pizza with that money
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