Yes, absolutely. Once you download the new v1.2.1 version, if you still have the wallet folder on your computer then the software will load it automatically and ask for your seed. If you upgrade from a version prior to 1.2.0 the first time it will take a long time to unlock the wallet (but just the first time).

If you only conserve the seed, but not the wallet folder, on the UI wallet's tab there is a new button "load wallet" close to the "create a new wallet"

If you have the old seed, but you already created a new wallet with a different seed, to return to the old wallet: First unlock the current wallet with the current wallet seed. Then go to the command terminal and type "siac wallet load" and follow the instructions

Right now, both password and seed are the same thing, but in a future version they plan to allow us to use a password to access the account instead of using the seed every time we open the wallet.

Right, keep closely that seed. With it, you can recover your wallet (and its balance) in a different computer in case yours crashes totally

Of course: the Sia software that you download from their webpage is both a wallet and a host/renting framework. As with many crypto wallets, it generates a seed associated to a wallet, so you can keep that seed in the computer or print it as a paper wallet for cold storage if you wish it.

Never ever keep your coins in an exchange, guys, we have seen too many of them falling in the past, even the big ones 

You have an ICO and you have a bounty campaign, right, but:

- You don't have an escrow yet. (You said there will be an escrow)

- You are not showing previous experience in cryptocurrencies or LinkedIn profiles of your team

- You don't have an specific plan to pay the dividends of the enterprise to Build owners. Specifically, you don't have any viable plan to pay Build owners that acquire the tokens after the ICO (in secondary markets) and verify their identities to prevent impersonations

- You haven't shown who is going to audit the accounts of your business and the fair payment of dividends. (You said there will be auditing)

- You haven't shown a single piece of code of that smart contract that is going to manage the bank account of the building company. (You said you have that really advanced thing)

- You are refusing to answer a lot of technical concerns that people like me is asking in this thread


Of all the last post of this thread, apparently positive about the project, half are shills of the project (anybody can simple see that they are in the signature campaign) and the other half most probably accounts of shills of different projects that need to increase quickly their post number. Nothing to say to them. I am just warning the possible reader of this thread that might be confused or interested: Please, read the previous pages and you'll see that the OP is not providing enough information to guarantee he is legit and refusing to answer technical questions

It is sad to say it this way, but every time OP rejects to give details and discuss with us concerns and problems is another nail in his own coffin

There is an independent developer building "SiaDrive": a software to be used exactly as OneDrive or DropBox. He has already a very early (but working) alpha version.

Also, the dev team is preparing "file repair" and download of just chuncks of files instead of the whole file. I think it is planned for the next 6 months

Today the have released the new 1.2.1 version of the software: http://forum.sia.tech/topic/952/sia-v1-2-1-released

Also, they have published on their blog an article about the milestones of the last months, what to expect on the nest upgrades and tons of metrics about Sia adoption: https://blog.sia.tech/sia-january-april-2017-update-907c9523a3db

The growth of the total data stored is just amazing!: 

I guess they are very busy deploying the update, helping users with migration and preparing a small patch for a few bugs users are finding. I guess soon they will update the blog, twitter and so. Believe me, they are VERY active in Slack and are helping people even at late nights :-)

Como precaucion, animo a la gente que se haya interesado por este proyecto y que pueda leer en ingles a pasarse por el hilo original del anuncio: https://bitcointalk.org/index.php?topic=1835021.100

Podreis comprobar que los usuarios estamos poniendo en duda muchisimos aspectos del proyecto y el autor del post original en ingles no esta dando respuestas coherentes:

- No existe un mecanismo definido para pagar el "dividendo" a los poseedores del token cuando se repartan beneficios tras la venta de los inmuebles. Despues de presionarle, empezo a hablar de que haran una base de datos para que los compradores del ICO puedan registrar su direccion de BTC para pagos. No ha aclarado sin embargo como va a verificar la identidad de los que reclamen el divididendo, y el sistema que ha propuesto deja fuera a aquellos que compren tokens en casas de cambio.

- Como los que compren en casas de cambio no tienen derecho a dividendo, el valor de mercado de BUILD va a ser 0. Quien va a comprar si no puede recibir beneficio?

- No tienen ningun mecanismo para auditar y verificar que las cuentas de la companyia son correctas de cara a repartir beneficios. Tras mucha presion ha empezado a decir que habra notarios y abogados, pero no ha dado ningun detalle.

- Tras pedirle mas transparencia, ha empezado a decir que igual hacen que la cuenta bancaria de la companyia sea controlada por un smart contract. Eso supone una tecnologia y medios muy avanzados, dificil de implementar. El equipo no tiene ninguna experiencia previa en crypto-divisas que avale que tienen esa capacidad

- Hablando del equipo, aunque muestren nombres y caras no han mostrado curriculums o paginas de LinkedIn para comprobar su experiencia previa

- El ICO todavia no tiene escrow. Mas aun: intentaron contactar a alguien con el logo de Ark.io en su firma pidiendo que Ark les hiciera de escrow. Este usuario les intento estafar diciendo que hablaba en nombre de Ark y el autor de BUILD se lo creyo y no comprobo la identidad de este sujeto. La gente de Ark.io tuvo que pasarse a desmentir que ellos tuvieran nada que ver. Desde entonces el autor de BUILD esta echandole a Ark la culpa de todos sus males

- El dominio www.build-platform.com esta registrado solo por un anyo segun unos "whois", 3 anyos segun otros. En cualquier caso, muy poco tiempo teniendo en cuenta el largo plazo del proyecto

- El autor de BUILD se niega a responder a ciertas preguntas, y a otros usuarios les ha atacado intentando mostrar que tienen negocios turbios, enseyando datos sobre ellos sin ningun contexto

Que conste que no estoy hablando de este hilo de enunrom, el es solo el traductor y ha hecho un buen trabajo    Hablo del hilo original en ingles

Recomiendo mucho cudidado con esta plataforma: las cosas no estan nada claras y pinta muy mal todo

No. They don't have an escrow yet. And they have less than 2 months until the ICO starts...

It is nice they show face pics of the team, but they are not showing CVs or LinkedIn profiles, so they are not proving to have skills or experience in crypto-currencies. We can't even confirm if the whole team is real

Me and other users are showing a lot of concerns about a lot of topics regarding this crypto, so until everything is clear I do not recommend investing here



Ok, so this is a complete new dimension of the things, that you haven't stated before. So the right to receive dividends from the benefits of the construction is provided only to the original investors of the ICO. Anyone else that buys the tokens on a exchange will not have the right to dividend because his address is not on your database. Do you know what this means about the market value of your token, right?:

- Market value of BUILD token = 0 BTC
- Market cap of BUILD = 0 BTC x 1.000.000 tokens = 0 BTC

Who is going to buy this token on secondary exchanges if they can't claim the dividend?


WOW! This is a really big thing!! So you are telling me that you have a FIAT bank account controlled not by an individual but by a decentralized, automatic and trustless smart contract. And which bank is going to provide you such a thing, you say? If you are claiming you have a such advanced technical milestone, you should start showing some of your code to the community if you want someone believes it. Because, you know, this is great technological leap from what you have shown us so far...

Who? Which ones? Where are going to be those documents? You can't expect people is going to invest in this token if the security features of its only real value are "to be determined"...

The more this thread progresses, the more I am sure I will not, don't worry. From what you are answering me in these posts I have the feeling you are improvising the features of the token on the go. You don't really have a plan.

Even not investing is going to prevent anyone to point flaws on a project or report potential scams. When someone loses his money in a new altcoin, the shame is on the whole community. And crypto community have experienced too many scams already

EDIT--> It is really, really suspicious that arguing with a different user, you have to show stuff about his private business (and out of context), instead of debating the points he makes. It is you who is asking 1.000.000 USD is this thread, so it is you who has to demonstrate you are legit. He doesn't have to prove anything about himself in this thread

And how are you going to verify the identity of those who introduce the BTC addresses or bank account numbers on your webpage? I could obtain addresses directly from the blockchain, claim that they are mine and introduce my BTC address to steal the dividends from other users...


And you are still omitting the rest of the concerns I posed in the previous post. I hate having to quote myself, but I will have to as you are being so selective with what you answer:

You are not answering my question. Your company might be regulated by Bulgarian laws, but neither Bulgarian laws or the laws of any country are prepared to bind the benefits of a building construction to the dividends paid to some crypto-token holders. Moreover, to my knowledge no one has yet been able to link a digital smart contract in a blockchain to real-world legal contracts or assets in a trustless system. You would need bank accounts linked to smart contracts, notaries, audit agencies and very elaborated smart contracts to guarantee fair and transparent payments to the holders. And you are not offering that: You are asking us to trust that you will be a good guy and in the future you will pay fair dividends. If you run away with the money, no legal consequences. If you build the building, get rich but lie: "well, in the end there was no net profit" no legal consequences. If you manipulate the bills and accounting you show us, so you keep 90% of the real benefits, no legal consequences. I am shocked you think anyone is going to accept those conditions

And who is going to audit your statements so you don't lie and say you spent 10.000 in plywood when you spent 500? Yourself? A friend of yours? Who cares about visiting a (random) construction site or watching a (random) webcam if in the end the accounts are false and you end up saying it was not profitable?

You are right in that. And that's why shares exist. Anyone can buy shares from a real state company too. Both shares or your tokens can be traded in the market, right. But only with shares you are legally protected. Only with shares you can kick the CEO of the company if he is useless. Only with shares if the project goes to bankruptcy you can recover part of the investment by selling the assets of the company.

With your ICO, people is totally unprotected and you can scam them without any legal consequence if that is your will

It is very interesting that you are selecting who do you answer in this thread: I pointed to several concerns about the dividend system in this crypto in this post https://bitcointalk.org/index.php?topic=1835021.msg18625187#msg18625187 that you have deliberately omitted to answer. Overall, I showed that there is no legal guarantee you'll pay token holders the benefits of the building, that we have to rely on your word you'll pay, that you don't have a mechanism to identify and verify the holders for the dividends, no defined payout system, no skills to pay potentially millions of BUILD accounts holding tokens, no transparency, no audits for the process, no way to confirm the authenticity of the cost/benefits of the building...

If you keep omitting these questions it will become clear that you simply don't have any intention to pay the dividends

Instead, you are choosing the strategy of blaming "the external enemy", now apparently Ark.io. Let's recap what's going on with Ark.io for those without time to check the whole thread:

- You want an escrow for the ICO, so you contact a random guy (freemind1) that has an avatar and a signature of Ark, and you believe he is part of the staff

- He attemps to scam you saying he will accept to escrow in the name of Ark.io

- Ark.io people come here and say they don't have any kind of business with you

- Instead of accepting it was your bad for not confirming the identity of this guy, you blame Ark.io

- As apparently one of the persons showing concerns about you is in a signature campaign of Ark.io, you keep blaming that Ark.io is trying of unstabilize your venture. Funny enough, I don't see ladiesBTC is running any signature campaign at all...

If you don't answer the very reasonable concerns that people like me is showing, and insist using this strategy of blaming an external enemy, I think people is going to start yelling "SCAM!!" very soon...

You are not answering my question. Your company might be regulated by Bulgarian laws, but neither Bulgarian laws or the laws of any country are prepared to bind the benefits of a building construction to the dividends paid to some crypto-token holders. Moreover, to my knowledge no one has yet been able to link a digital smart contract in a blockchain to real-world legal contracts or assets in a trustless system. You would need bank accounts linked to smart contracts, notaries, audit agencies and very elaborated smart contracts to guarantee fair and transparent payments to the holders. And you are not offering that: You are asking us to trust that you will be a good guy and in the future you will pay fair dividends. If you run away with the money, no legal consequences. If you build the building, get rich but lie: "well, in the end there was no net profit" no legal consequences. If you manipulate the bills and accounting you show us, so you keep 90% of the real benefits, no legal consequences. I am shocked you think anyone is going to accept those conditions

Ok, and how are you going to contact the token holders? You might have some BTC accounts from the ICO, but those tokens will be in different hands in 3-4 years or whatever it takes to finish that building. Are you going to ask them for their private keys to confirm their identity?  . Are you going to do it manually? Really?? 100 accounts after ICO is manageable, but what will you do after 3 years when the number of accounts is in the order of millions?

Have you thought about these logistic problems and do you have the crypto-competency to do it?

And who is going to audit your statements so you don't lie and say you spent 10.000 in plywood when you spent 500? Yourself? A friend of yours? Who cares about visiting a (random) construction site or watching a (random) webcam if in the end the accounts are false and you end up saying it was not profitable?

You are right in that. And that's why shares exist. Anyone can buy shares from a real state company too. Both shares or your tokens can be traded in the market, right. But only with shares you are legally protected. Only with shares you can kick the CEO of the company if he is useless. Only with shares if the project goes to bankruptcy you can recover part of the investment by selling the assets of the company.

With your ICO, people is totally unprotected and you can scam them without any legal consequence if that is your will

Before the "excitement" about the project goes further (disregarding posts of potential shill accounts, accounts that don't care anything about the project and just want to increase their post number, and translations that only want the bounty) everybody should be skeptical about it until OP clarifies some important points about how the token holders are going to receive a benefit from building. A few days ago I made several questions about, and OP has deliberately omit to answer them.

What's the problem, build_platform? If you are confident about the legal and technical parts of this project why don't you explain us how it is going to work? I will repeat them again, and I think anybody else reading this should try to force him to answer too:

- Which is the legal framework that binds the profits of the building construction to the "dividends" that the token holders receive?

- What percentage of the total earnings the holders will receive? How are you going to make the process transparent?

- Who is going to audit your accounting and the dividends distribution?

- How are you going to pay out the dividends? FIAT? New tokens? How are you going to distribute it?

- In case you are wondering to pay dividends in new tokens, do you think people will not realize that you are inflating the cryptocurrency and not distributing the earnings?

- Having available already a system to find new investors and share the benefits of the venture, called "shares" (or "certificates of shares deposit", in case you don't want to give us political rights), why are you choosing an ICO instead?

- Share holders are legally protected and worst case scenario they can force the company to sell its assets to recover part of the investment. What kind of protection will have the BUILD holders?

- And finally, and summarizing all of the above, why do you prefer to have token holders instead of share holders for your venture? Is it because you don't want them to have any kind of right or protection in case everything goes wrong? Is it because it is a scam?

Happy Eastern too.

No, it is not FUD spreading, it is protecting community users from investing in products of dubious outcome that can end up in a scam. This community have already experienced enough scams. So it is a moral duty for whoever sees something wrong in a new announcement to warn everybody and request more details. If your project has nothing to hide you just have to address the concerns and provide explanations and guarantees.

In my two previous posts I made some points and asked some questions. I am going to try to formalize them in bulleted questions that I think you should answer. I think no reader should buy this crypto unless they are addressed:

- Which is the legal framework that binds the profits of the building construction to the "dividends" that the token holders receive?

- What percentage of the total earnings the holders will receive? How are you going to make the process transparent?

- Who is going to audit your accounting and the dividends distribution?

- How are you going to pay out the dividends? FIAT? New tokens? How are you going to distribute it?

- In case you are wondering to pay dividends in new tokens, do you think people will not realize that you are inflating the cryptocurrency and not distributing the earnings?

- Having available already a system to find new investors and share the benefits of the venture, called "shares" (or "certificates of shares deposit", in case you don't want to give us political rights), why are you choosing an ICO instead?

- Share holders are legally protected and worst case scenario they can force the company to sell its assets to recover part of the investment. What kind of protection will have the BUILD holders?

- And finally, and summarizing all of the above, why do you prefer to have token holders instead of share holders for your venture? Is it because you don't want them to have any kind of right or protection in case everything goes wrong? Is it because it is a scam?

Yesterday they released the new 1.2.0 software client, with substantial improvements for hosts

Early in the week they announced the integration of Sia on Nextcloud to offer Nextcloud users backup storage. https://blog.sia.tech/using-sia-as-a-storage-back-end-for-nextcloud-90eab037959d

During this week, we have seen a dramatic increase of total space offered by hosts (from 300Tb to 1500-2000Tb)

Political rights for Ether holders? A lot, actually!! Haven't you seen the voting systems as Carbonvote, for example? Holders of ether vote all the time to implement new features and determine the future of the network. Node operators accept or reject blockchain forks, miners can fork it... that's democracy in action. What you are offering is a totally centralized platform that you only control.

And the only added value you are offering is that "passive income" depending on the outcome of your real state company. However, can you explain us how are you going to legally bind the profits of your company to the payments of the BUILD token holders? No, you can't because there is no legal binding. In other words, what you are offering us is a trust system: we have to trust in you, trust that you will keep tour word and pay the token holders. Who is going to audit the process? Any other altcoin that offer this kind of added value is based in a powerful concept: they are trustless. That means that the whole process is done automatically and enforced by the blockchain.

You are not offering that. You are offering us tokens that we can trade among us and a vague promise that you will reward us in the future depending on the outcome of your real state business. Seriously, if you need investors for your company, offer shares of it that work the same way but at least dividends are enforced by law. Sorry, but I think that either you are too naïve offering this thing... Or maybe you are not being honest about your real intentions  


Where did I hear that argument before??.......... Oh! It was in the years of the real state bubble previous to the economic crisis of 2008-2010 that hit US, southern Europe and eastern Europe too 

So... you are essentially trying to sell us shares of your real state company with a big difference: while share holders have political rights in the company and their investment is legally covered by the assets of the company, your ICO don't provide us with such political rights and our funds are just covered by an electronic contract with dubious legal effect that for sure will not cover us in case of company's bankruptcy...

I'll leave to the reader the decision of how to define this thread. I will just say to the OP: guys, this is not going to work and you know that perfectly. 99% can see the problems in this project and the other 1% just don't have the money or the will to invest.

Best wishes, nevertheless

Unless I am wrong, a hard fork will be activated. Nothing really serious: simply old versions of SIA client will be kicked out (below v0.5 I think to remember). In any case, from a technical perspective it will be interesting

Very detailed explanation. Thanks

Hi randayh, how can we configure Claymore to merged-mining ETC+MUSIC? How to indicate the MUSIC wallet?

Thanks in advance