🌱 #ChiaNetwork (XCH) - SCAM? Why hasn't the "green Bitcoin" taken off?
(And are there chances for success?)
Initially, the project had it all: #BitTorrent 's creator at the helm, investments from Andreessen Horowitz, an attractive narrative about "green #bitcoin ", hype around hard drive farming, and XCH soaring in price during its early trading days.
Then everything fell apart: farming yields vanished, SSDs failed sooner than expected, the token plummeted nearly 99.9%, the IPO stalled, the team downsized, and the strategic reserve became the company's lifeline.
We wrote an in-depth analysis of why Chia never took off – and whether the #blockchain has a chance for a second life…
❗️Research: read