My @chia_project “Lightbulb Moment” was after I had just sold my 3rd company and was taking some time off. I knew I wanted to get back to cryptocurrency as I’d almost started one in 1997 but I had reservations about the then state of the art 🧵
My true lightbulb moment was when I heard @bramcohen may have a solution to the energy use issue in PoW
That lunch over Thai food wasn’t the last lightbulb. Being a part of the early planning and building - and often being one of the dumbest people in the room - was so powerful it is hard to describe
And it wasn’t just creativity in one topic. It was creativity in high speed compute, storage, and building a new blockchain programming language from first principles from solid Bitcoin principles
Almost equally important was the vision alignment. Most regulations are there for a reason, there is a better way to finance, defend, and develop blockchains over the long haul.
Everyone @chia_project believes that this tech will really change the world in important ways.
Our embracing regulatory compliance is almost as important as the “inventing new math here” in 3 different places that we did in those first four years.
The next huge lightbulb was that moment when netspace was growing so fast after launch that it was on track to use all the storage in the world in only two more weeks.
That particular trend was obviously unsustainable but since then, our farmers have found a netspace that exceeds our expectations for security and kept the Chia blockchain the most decentralized blockchain ever. $XCH #Chia
With #Chialisp and the Coin model - which is the most secure smart contracting environment ever and is driving real world adoption
People - if your a First Republic individual customer you're fine as long as checking + savings < $250k. If you also have a brokerage account, that's totally separate. The vast majority of my personal money is there and I'm going to sleep just fine. $FRC