Today, not a single altcoin lives its own life, as it never lived before. When bitcoin does not change in price, altcoins do not get cheaper at best. This is the main evidence that these are ordinary bubbles that were previously inflated, but now have deflated and are in no hurry to buy again.
A promising altcoin will live its own life, will react to the events of its blockchain and have an economy decoupled from the rest of the market of ordinary bubbles.
@bramcohen@hoffmang you can! sincerely believe!
Blockchain and smart-contract platform @chia_project has submitted a draft registration to the @SECGov for a proposed IPO. By @JamieCrawleyCD
https://t.co/kn7OdvtBs6
#chia#xch#hoffman
CHIA $XCH IS A COMMODITY. INTERVIEW WITH GENE HOFFMANN (IN RUSSIAN)
Interview with CEO of @chia_project - @hoffmang.
Watch the video - https://t.co/mquiPk8wHb
Today, when the issue of regulation becomes even more acute, an important set of questions arises, to which it is very logical to answer the validity of the project.
We also discussed the stage of development of the Chia blockchain, immediate prospects and plans for an IPO.
A whole lot of the investors freaking out claiming the SEC is involved in overreach no one could have foreseen refused to invest in my project because we wouldn't do an ICO. Not only that but they claimed that being a normal company accepting equity investment and doing an honest prefarm was even more dangerous than doing an ICO and engaging in convoluted machinations to wind up with token but be able to claim you didn't give them to yourself.
Look people, this isn't complicated: There are laws against generating a bunch of hype and dumping your investment on retail ASAP before the market has had a chance to figure out whether you've built anything of actual value. On top of that there are rules against doing sketchy shit to get around the first set of rules. You can't get around it by going to the New Innovations In Sketchy Shit conference and taking the latest ideas and having a lawyer draft an opinion saying that the laws only apply to Old Sketchy Shit and not your New Sketchy Shit.
If you are reading this you have an opportunity NOW to get exposure to a project whose base currency $XCH is only ranked #134 on CoinmarketCap while it already has technology beyond #1 and #2 and a founder like Bram actively inventing new paradigms daily.
Don’t regret $XCH now!
1/ Proof of Work is too resource-intensive.
Proof of Stake is too centralized.
@chia_project answers the call as a more #sustainable, decentralized L-1 blockchain design.🧵
Building the next-generation of #blockchain technology starts with global regulatory compliance and at Chia, we believe protecting consumers and promoting innovation is the way to truly drive blockchain adoption. 1/2
There is a way not to be a security. But for many cheaters, this option is not suitable. They need to collect money from all market participants and then merge their coins, throwing up their hands. @chia_project has a fundamentally different approach.