Neat coin,,, I am mining on Suprnova, figured I'd give it a whirl  so far so good PS: Luv the new expanse wallet  |
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Ho Ho Ho looks like Santa is coming a day early? lol look'n good  Just wait n see how things are come the 26th Dec after Santa has been n gone dude. 3 Month BTC Futures contracts expire on the 25th. Lots of strong hands have a big vested interests here and it is likely them who have brought BTC up and parked it here for this event. This rise from $300 has been on steadily declining volume, except for the (fake) CNY exchange volume. Ya really, thx for pointing that part out...... never know though, |
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Ho Ho Ho looks like Santa is coming a day early? lol look'n good |
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Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.
Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"... Just a word on MEGA. Kim Dotcom lost his extradition case. Both him and very likely his closest collaborators may find themselves soon on a plane to the US. Also, he's basically broke. I've moved all my stuff of MEGA as I'm waiting for the house of cards to fall very soon. All the better for Sia of course. I think a lot of MEGA folks will start looking for alternative safe storage. Hmmm good observation and point Perhaps opportunity knocks lol Really I think all that is holding Sia back right now more than likely, is the next version release(s) I say holding back for lack of a better word. I think many are waiting in the wings on future Sia releases that will address some of the bigger user friendly issues more than anything else. For those of us who have followed or are invested in Sia, our confidence in the concept is already there! We know it works as it should in terms of security and redundancy etc. ( the meat and potato's ) of it, is all good |
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looks like a decent project but coin supply is retarded sadly Does it really matter how many coins there are? The price of storage use will be set by the host. Whether there is 1 billion or 20 billion coins. I think the important aspect of the large coin supply is to insure there is enough to meet large scale storage demands. What you may pay now or in the future on an exchange for coins is less a factor minus speculation, for what you may be paying when you use them for storage hosting. Of course if hosting goes up per GB/month then it will require you to purchase more coins to meet your needs, which I assume will push up exchange prices. The eco system will balance itself out. Also miners will not mine at a loss, so that will effect prices as well. But to say there is a retarded amount of coins... well we just have no way to determine that right now. |
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Yes everything is going to be alright |
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I have never seen Sia as making any one host rich, but should yield enough in storage fees for each host to use and pay for their own storage,,, at least initially I would think. Other words, were as I may be a host its a small amount of HD space right now. I did not rush out and upgrade to 2-4 Tb of storage... yet I still see Sia becoming popular once its more user friendly. |
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hah, I guess its to be expected... all thanks to Bitcoin. Crypto is the future, just wonder if you can exchange them for btc one day lol New day tomorrow, last weekend before Christmas always a drag  |
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Regardless of being bear/bull, I think we all saw this coming. Holiday cashout.
" I'm in fiat baby!"
ya I agree people need Christmas money... this is the week to raise a some spare change |
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Id say most of those concerns are to be wondered about at first glance with Sia. Most of your line of questions seem to be as if a first glance? Which is fine, but again its being compared to everyday cloud storage norms. Many of what you list are good to have specifically answered but are addressed throughout the Sia postings here and there most of which are addressed, and many concerns are alleviated. In the meantime, Sia is a Nebulous Labs" project, a very successful company in its own right. Taxes? lol like any other crypto... at the point and time in which you convert to BTC and sell for cash... you record it as income minus expenses, assuming you actually mined and earned any Sia, or bought and sold with a net gain. Just like bitcoin that way Ok, I feel relatively safe even in beta. Now no one recommends using Sia as your soul data storage by no means! But please do use it and get familiar and you will gain confidence and see it more for what it is than at a first glance. The devs are working on a more comprehensive tutorial and so on. Its still early in the game and has not been pushed to market yet. Gonna be a while, but soon. |
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she's hot, like bitcoin lol |
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I guess a concern (for someone who was prone to be concerned about such things) could be that we become of victim of too much adoption too quicky (Santa?), transactions get all jammy and we're just as quickly disowned.
Yep and that's what all the fuss is about lol I don't think short term its a big issue resulting in that... but will have to be reckoned with one day soon. In deep Bitcoin time then, a scenerio where fees replace block rewards is inevitable. Is that right? Exactly right And one day miners will form a a union and demand higher fee's and better retirement packages  |
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Yes Sia is different now when compared to Dropbox etc. Yes we do have to manually upload each file or folder separately. So is a little more labor intensive as such. Perhaps a virtual folder of sorts would be a nice enhancement, but not sure Sia was conceived to be used that way. But on the other hand, aside form being anonymous and data files split and spread across host computers, (which gives great security there, and no one can piece that file together except for the uploader) AND it is also portable. Which in many ways is a huge plus for the concept. No web based account to log into or account registration set up etc., no credit cards involved to use Sia, all of which present a potential for security issues in itself. So it is different and offers a very different way to store files safely and securely. Use file sharing for collaboration, or just for general public downloading is available (sunfish server) for anyone who has a Sia wallet and can gather those pieces of data that makes the file readable. Almost impossible to be hacked. Just giving some credit where due, in this concept. |
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I guess a concern (for someone who was prone to be concerned about such things) could be that we become of victim of too much adoption too quicky (Santa?), transactions get all jammy and we're just as quickly disowned.
Yep and that's what all the fuss is about lol I don't think short term its a big issue resulting in that... but will have to be reckoned with one day soon. |
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Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage. Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin? That's a good point, we know the banks are looking hard at their own centralized crypto as well as other major developers, but all will have to overcome the image of being centralized as well as provide blockchain integrity of some sort though hashing? I don't know of any other way to support a blockchain. So even with a new coin(s) I still think somehow BTC will be the gold standard of sorts... were as their new more efficient and probably targeted use coins, will convert to BTC... IDK, I'm sure many fall asleep at night wondering about all of this Litecoin is faster and presumably has the potential to be equally secure. (I believe.) Wasn't that the test to pass? Yes and maybe no lol, I think Litecoin is faster in terms of transactions because there is less transactions, and it blocks in 1/4th of the time of BTC... but tends have more orphans etc. from that. Nothing worse than mining for hours only to find the block you hit doesn't pay as it was orphaned  and again, is a fork of BTC, albeit a great coin |
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Massive new data centres using new generations of highly efficient mining chips. This is mining now:  That is ridiculous That looks more like a data center for cloud storage than a BTC farm? Edit: But hard to see in that pic That's actually KNC farm from about 2 years ago, Google "KNC MINING FARM," or here's some guy's tweet: https://twitter.com/datavetaren/status/485388559256657920Yep thx, I see that now... incredible |
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Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage. Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin? That's a good point, we know the banks are looking hard at their own centralized crypto as well as other major developers, but all will have to overcome the image of being centralized as well as provide blockchain integrity of some sort though hashing? I don't know of any other way to support a blockchain. So even with a new coin(s) I still think somehow BTC will be the gold standard of sorts... were as their new more efficient and probably targeted use coins, will convert to BTC... IDK, I'm sure many fall asleep at night wondering about all of this |
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Massive new data centres using new generations of highly efficient mining chips. This is mining now: That is ridiculous That looks more like a data center for cloud storage than a BTC farm? Edit: But hard to see in that pic |
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People that want a bigger block are just socialists that want their free transactions.
Bull. Fucking. Shit. Do not ascribe to me characteristics which I do not possess. You seem to be so blinded by your ideology that you cannot even allow for your opposition to possess humanity within. Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security.
We don't need to rehash this truism. We all know this. Fees will be lower overall with a larger block size (more supply) so security will be lower.
Another bald unsupported assertion. Show the analysis please. An alternate hypothesis (one I deem more rational) is that per-transaction fees do not need to rise to untenable levels, should more transactions be allowed within each block. Well, that's not a hypothesis, that is a provable fact by appeal to simple arithmetic. The hypothesis is that total fees will be larger in this case than they will be in a smallblock world. Here is another hypothesis, one many deem plausible: that faced with a Bitcoin with little utility because it does not support enough tps to allow a person to use it directly, and the option of XCoin (I hope there is not real coin named XCoin - this is just a variable) with all the characteristics of Bitcoin save its blocksize limitation, enough will adopt XCoin because it provides them real utility, such that XCoin will overtake Bitcoin in transaction volume, monetary volume, and mining concentration. Would be an uphill battle for another coin to muscle out BTC. All that makes good sense, but x-coin would probably have to be a new or very different algorithm, because many existing sha coins cannot duplicate and are mostly a clone of BTC to begin with. So for another coin it would have to have, new mining gear/softwares and all that development involved with Asics etc. to mine x-coin ... huge hurtles starting right there. So I'd say bitcoin just has to make the necessary changes for improving block size transactions. I think BTC isn't going away anytime soon? |
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At the end of the day, miners will control bitcoins future in a very precarious way. Maybe not centralizing per' se, but will have the ultimate sway in fee's and the security they provide in processing and so forth.
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