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981  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 10, 2015, 10:54:42 AM
Is there a way I can upload a file and get paid KSC each time someone downloads it?

This would be a great thing to implement in the future.

Is it on the development roadmap?

It should be if you ask me.

Are you one of the developers?
982  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 10, 2015, 10:48:12 AM
Is there a way I can upload a file and get paid KSC each time someone downloads it?

This would be a great thing to implement in the future.

Is it on the development roadmap?
983  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 10, 2015, 10:46:25 AM
Is there a way I can upload a file and get paid Siacoin each time someone downloads it?
Also has the UI wallet supporting siafunds been released?
What's the development roadmap?
984  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CYPT] CryptCash | Quark PoS v2.0 | Masternodes | Releasing 5 PM IST | on: June 10, 2015, 06:29:33 AM
Another Masternode solution...   Embarrassed
985  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 08, 2015, 11:21:54 PM
I'm buying a NAS array for my home (solar powered) that I will be leasing out over Sia... lets see how much cash I can make from it this year.  Maybe I will expand up to my own little data center as part of Sia cloud storage network.
986  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 08, 2015, 08:06:53 PM
nice work on sia, but when will the next GUI wallet be released?  Also when is the desktop integration like dropbox coming out?
987  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK on: June 08, 2015, 05:16:52 AM
It would be nice if the FIM wallet was a bit more streamlined (it's kind of clunky and slow) and easy to use... also would be good to stop brandishing the silly mofowallet name.
988  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 07, 2015, 09:24:03 PM
How to siafund holders import their siafund and start collect fees?
989  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: June 05, 2015, 04:06:37 PM
is it a fork of boolberry with a different algo just or am ı understanding wrong ?

Why do you think that?
990  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NFDv2] - NFD Coin - Current version NFD-1.3.7 - NEW NFD-AT testnet on: June 05, 2015, 04:03:58 PM
And I'm holding onto my soon to be rare NFD coins.  Wink

And what do you plan to do with them once the devs drop all support, including bug fixes? Just go with the flow and head over to Horzion if you want your coins to be of any value soon.

It's easy to find devs
991  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK on: June 02, 2015, 04:36:59 AM
FIM has something different about it than other projects, progress and FIM use growing slow, but steady.
CCEDK is not a bad exchange for FIM, pretty good.  Things appear to be moving forward.
992  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NFDv2] - NFD Coin - Current version NFD-1.3.7 - NEW NFD-AT testnet on: June 01, 2015, 10:54:16 PM

That is just under 1/2 burned back to genesis account?  Where's the rest?
993  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NFDv2] - NFD Coin - Current version NFD-1.3.7 - NEW NFD-AT testnet on: June 01, 2015, 08:40:39 PM
What is happening to the NFD being traded in to obtain NHZ?
If it's not being burned/sent back to genesis account, then this is definitely a scam because one person will end up holding all the NFD.

They'll be burned.

Where can we see proof of this happening?  Please show us the address they are being burned to.
994  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK on: May 31, 2015, 04:51:45 PM
If someone launched an MMNXT pass-thru asset (to help get some money regularly flowing into FIM), how many users here would be interested?
995  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] SuperNET trades on Poloniex as UNITY, asset id 12071612744977229797 on: May 31, 2015, 03:50:49 PM
Any dividends been paid yet?
996  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: May 31, 2015, 01:37:30 PM
Users/apps have full control over which hosts they select. Though I personally recommend against staying inside of one country (it's definitely less secure), if national regulations force you to stay inside of a country than it's a rule that can easily by followed by checking a host's IP address before agreeing to upload to them.

You will need to make it easy, like "select from a list of countries you permit your data to be stored in".  Users can't be bothered sifting through lists of IP addresses.

Client-side encryption makes this regulation unnecessary, but governments aren't always savvy enough to realize this.

The law is the law and companies are required to follow it, whether or not it makes sense technically.  That's just an unpleasant part of the cloud storage market and Sia must allow companies to comply with the law if it's to be successful in entering this market at all.
997  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: May 31, 2015, 08:32:36 AM

Yes, you are. Siafunds do not take any fees from miners, do not take transaction fees, do not take subsidy fees. The only fees that siafunds take are from siacoins spent in file contracts. This is very different from transaction fees. If people are spending 17BTC per day on storage, each siafund will be earning 0.000066 BTC per day. If people are spending 10,000 BTC per day on storage, then each siafund will be earning 0.039 BTC per day, or 14BTC per year.

Thanks for the good answer. What kind of tx volume would equate for 10,000 BTC per day on storage?  Currently how many tx can fit in a Sia block and what is the block time?

In today's space, a total of around 200,000 BTC are spent per day on cloud storage.

Please provide a reference for this.

We hope to have a guide out for the various ways to make money.

great.

I do have one major concern regarding the uptake of Sia by businesses.  Many countries have data protection laws that mandate that users personal information may not leave the country.  Sia won't be used by any serious businesses unless it can comply with these laws.  How do you plan to deal with this?
998  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: May 31, 2015, 01:18:00 AM
Just in case anyone wants to verify, Bitcoin is currently getting ~16.8 BTC tx fees per day https://blockchain.info/stats

For the sake of comparison, we cannot use the transaction volume (amount of money moved) nor the Bitcoins mined.

It's only the tx fees that siafund holders collect.

I would really appreciate some clarification from the Sia developers on what kind of tx volumes they expect.  Also what kind of fees are there?
999  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: May 31, 2015, 01:13:12 AM
Bitcoins 24 hours volume is $14,097,800 - http://coinmarketcap.com/currencies/. If Sia has same volume, one Siafund will earn $14,097,800*0.039/10000=$54.9 per day.

No.  That is trade volume (amount of BTC changing hands) not the amount of transaction fees collected by miners.

To calculate ROI you need to look at the amount of TX fees collected instead.

If Sia becomes dominant in storage industry, it's volume should be higher than that.

Really? How many tx can fit in a Siacoin block and how many blocks per day?  I think you'll find it's not enough to get anywhere near "high volume".
1000  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015 on: May 31, 2015, 12:31:11 AM
Whenever these hosts get paid for their
storage services, siafund takes 3.9% of it. Thats a damn good deal for everybody.

Everybody?

Sia seems to have an astronomically high block reward that continuously inflates the siacoin supply forever.
With an indefinite 30,000 siacoin block reward, how can siafund holders capture any value from their measly 0.000039% from each storage contract?

This doesn't seem "damn good"

Since the NXT AE investors get access to 10% of all 10,000 siafunds, then all the NXT siafund holders combined will get only .39% of the tx fees for storage contracts.

This doesn't seem "damn good" either.

Let's run a quick calculation based on Bitcoin transaction volumes.

Per day (well today) Bitcoin tx fees amount to about 17 BTC.  a meager 0.12 BTC per block

Assuming Sia will have as much transaction volume as Bitcoin (which it won't), then traders on the NXT AE paying $1,000 per siafund could earn at best 0.000039% x 12 BTC = 0.0000468 BTC/day = $0.010998/day?  That would be ROI in about 249 years!  Shocked

Even with the full 3.9% Nebulous would only earn 0.039*12BTC/day = 0.46 BTC/day which isn't enough for a single person to live on, def not a company of 1000 employees.

I still think the idea of decentralized cloud storage is good, but I don't Sia-how-da economics of Sia works out good for anyone.

Am I missing some crucial information here?
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