Apparently there's some kind of panic about Chia going on in China. It isn't even clear what claims are being made, but here are some points to reiterate (thread)
The network doesn't just trust how much space your local machine claims it has. It's trivial to fool your local farmer into thinking it has lots of space. That doesn't mean it will fool the network.
The new faster plotter isn't a threat to the network's security, it just makes plotting faster and more convenient, which is a good thing. The network is secured by space, not plotting speed
Hpool is using a fundamentally insecure protocol. I've been giving them the benefit of the doubt and assuming that their protocol is only as insecure as is unavoidable, but it could be far worse than that
The rate of blocks being produced in Chia is completely normal and the proofs of space in them check out. The blockchain itself continues to be secure.
The recent chia price drop seems to be a combination of overall drop in crypto markets and an unjustified panic about 'security' from inside China. Whether this panic was caused by someone being intentionally fraudulent or just silliness I don't know.
We aren't going to be helping Hpool improve their protocol. We're completely focused on building an actually secure protocol and once that's out Hpool will be able to use it just like everybody else
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