Modern Finance
Modern Finance
Kevin Rose
Chia - A New Cryptocurrency, Built by Bram Cohen, Founder of BitTorrent
48 minutes Posted Mar 17, 2021 at 10:02 pm.
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Show notes
Bram Cohen (@bramcohen) is the inventor of the P2P BitTorrent protocol, co-founder of CodeCon, co-author of Codeville, and Founder/CEO of green cryptocurrency platform Chia.net.SHOW NOTES
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Bram's original concept for Chia. [
Proof of work vs. proof of space and time in cryptocurrency, and why Bram favors one over the other. [
Understanding the mechanics of how this works in layman's terms. [
Bitcoin mining, ASIC chips, and the cost of electricity. [
How Chia farming is more sustainable and available to the average user than Bitcoin mining, and what it's doing in the process. [
What is the plot file, and what’s in it? [
Bram explains how "Timelords" operate in Chia farming. [
Where do the winning “bingo” numbers come from? [
What’s the smallest amount of hard drive space someone needs to start farming Chia? [
What is the mechanism behind Chia farming? What happens to the data? [
How is a farmer rewarded for their contribution? [
How does the network process and handle transactions? [
How should people think of this coin? What is it used for? [
There won't be any transactions at mainnet launch. Here's why. [
How many transactions per second will the Chia network eventually be able to support? [
How Chia will be able to support smart transactions better than Bitcoin and other cryptocurrencies. [
What is a colored coin? [
Using Chia for DeFi, here's how Uniswap on Chia could be done. [
How does a rate-limited wallet enhance security? [
Will there be support for pools in Chia? [
On supply of coin, halvings to fixed rewards, and inflation. [
Is there any advantage to farming on SSD vs. standard hard drives? [
Efforts Bram and the Chia team have made in improving plot speeds. [
The rude awakening that prompted me to fix my hard drive plotting. [
What does Bram see Chia looking like three to five years from now? [
Bram’s thoughts on NFTs, and if Chia will support them. [
How do we store large amounts of data on a blockchain (like NFT objects)? More important: should we? [
Bram's thoughts on Filecoin. [
Does Bram know Bitcoin founder Satoshi Nakamoto? Is Bram Satoshi Nakamoto? [
Is Bram bullish on Bitcoin? [
Does being green mean a lot to Bram? [
Why farming Chia makes me feel nostalgic. [
Aspiring Chia whales don't even need warehouses or RAID arrays -- they can farm right from their apartments with homemade rigs. [
Parting thoughts about the perils of celebrating on launch day. [