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/sbin/init does not exist

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linux-howto

http://chakra-project.org – There's no way to fix it, unless you plan on not using Chakra (and a good bunch of distro which also moved to systemd). In systemd, /and /usr are one only thing: the system programs.I don't get your motivation for so many partitions yet, you're only wasting free space IMHO. (HowTos)