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81  Economy / Speculation / Re: Bitcoin Surging Anew on: June 21, 2017, 02:58:43 AM
Agree with your views.
Price will still surge in July but last week of July, prices will bottom out due to the possible August 1 fork.
People need to buy during that dip and price will go back up again.
I see btc at 4-5k at yearend
82  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Siacoin Epic Monster Moon on: June 21, 2017, 02:46:20 AM
Dropbox is worth $10B -- Sia market cap is $600M

The valuation speculation here assumes that Sia is more valuable than Dropbox? Why?

usual non sense.

I don't think Sia's a bad investment but people simply do not understand what they buy.

So let's think about Siacoin: it's basically a platform where you can store and buy unused space on hard drives.

Now, let's think who is the consumer of such product:

-average Joe: so, average Joe needs space to backup some of his files. He can get 15GB for free. If it's not enough he can easily rent one terabyte for around 7$/month. Still not enough? Dropbox can provide him with unlimited space for 15$/month.

How in the hell can Sia address him with complicated and unreliable storage?

Dropbox can guarantee a 99.9999% uptime if not more, average joe hosting on sia network? Generally below 95% (which automatically excludes most business cases for data storage).

Look at complicate to use Sia for the guy is: he's expected to go on exchange, buy bitcoins, trade them with sia, install wallet, create keys, withdraw to the exact wallet, find host.

Now he can finally pay:

Let's see Sia's rates:

http://siahub.info/

5,80$ average for 1TB/month and this does not include bandwidth. And the average uptime of sia hosts is way below 90 % and you have a serious risk of losing your data.

Dropbox can offer you 1 TB a 7$ without all of that hassle and 6TB (200 GB/day) of bandwidth.

Now, ask yourselves, can Sia (at the moment) compete with those prices?

No.

And if you think it could in the future, I have an answer for that later.

Can Sia offer the same support, uptime, ease of use, backups, commenting, phone support, office integration, live sharing, ecc?

No.

I could go long and long and tell you why Sia isn't absolutely an option for business and enterprise. Business can either store data in house or put it in a clod where it's easier and safer to use and has virtually no downtime (also Sia's is absolutely not fit for database and bigdata, it's more of a backup service). How much upload bandwidth average Joe has also? I can download at very fast speeds gigabytes of data from amazon/dropbox, only limited by my network. But how do you actually expect somebody to host files on your computer with your limited bandwidth? Also, most business can get tax reductions for their business costs (it's the case in Italy, my country). Who's gonna bill "Saint Mary's hospital" for 150 terabyte of storage on sia network?

Really, tell me what's the real case use of siacoin.

Now, let's take this from the point of view of the hosts (the actual users like me and you that want to be paid for giving up the space on their disks).

Only 2 % of the sia storage's used right now.. and check how much space: 25.7 Terabyes as I write. I have 4 terabytes on my own computer.

That is, the entire sia network right now stores the equivalent of 10 desktop computers, and the equivalent of 600 $ worth of hard drives.

But let's talk about the hosts. A 1 terabyte hard drive costs around 45 $ and earns you 5.80$ a month. That's an 8 months ROI, quite high for cryptos right now, and I'll ignore the fact that to run a hard drive you actually need a computer around it, constantly up. You're also fighting to host this data with thousands of users constantly undercutting it.

Now, if you have more than 36 hours of downtime a month (so below 95%) your likelihood of being a host goes very low for months (because Sia network ranks you very poorly).

So you invested 45$, probably more, for a small chance to host somebody's files for around 5$ a month hoping he'll also download and upload a bit so you get also siacoins for bandwidth (maybe another 5 $, top).

This may start looking good, but honestly, are you gonna give up on gaming because somebody's uploading 10 hours.

And the current marketcap for Sia coin is more than half a billion USD.

So, all in all we have:

-a technology that does not appeal neither to the average consumer nor most certainly business users for whom data has very high value (even if it's the third backup of a database or something).

-a technology that hardly rewards average Joe. Nobody's storing their files on sia network right now, probably only few people that have thousands of sia mined/bought at 30 sats that want to test the technology. Also, you can make 3/4 times more by mining bursts on your computer.

-a market cap of 500 billions for a real network use of 27 terabyes. You can get 30 terabytes on dropox for 15 $, not 500 billions. You can rent 27 terabytes of space on amazon for 337 dollars/month with reduced use (and holy fuck who'd use sia network for constant up/down streams, it's not going to host databases).

So you expect the price to go higher?

Maybe, but Siacoin has really no appeal to anybody. To conclude:

to be profitable for customers (with all the bandwidth, support, integrations, uptime, limitations standard services do not have) it must be unprofitable for hosts (and it already is) while both of them are on a full-of-hassle with no benefits platform.

your fundamentals are sound.
but right now, people dont need the fundamentals but are relying on announcements and news to pump and profit from sia and most coins  Grin 
83  Local / Altcoins (Pilipinas) / Re: ICO na sasalihan nyo on: June 20, 2017, 02:27:38 PM
I usually don't participate on an ICO, unless there's a working code that I can test on or the method of the ICO is a snapshot. So far Ardor and Byteball palang ang nasalihan ko.
maganda ardor as long term hold esp now price got pumped again. what more once product is released
84  Local / Altcoins (Pilipinas) / Re: Let's talk about Alt Coins on: June 20, 2017, 02:24:21 PM
long term hold ko ay eth, ltc, strat, sc. waves and ark.
mababa ang strat, waves and ark ngayon compared sa pump the past weeks so start accumulating.
Eth, sc, ltc are high now so dont buy
85  Bitcoin / Bitcoin Discussion / Re: Which is the safest wallet to use for long term offline storage? on: June 20, 2017, 02:19:35 PM
paper wallet for me. 3 copies. its free =)
86  Bitcoin / Bitcoin Discussion / Re: How do you convince people into you using Bitcoin? on: June 20, 2017, 02:14:14 PM
I just show them the giant value increase and that's usually it lol
Same here! they usually buy in within a week  Grin
87  Local / Pamilihan / Re: pinoy sellers on localcoins on: June 20, 2017, 02:08:23 PM
and there's news that before entering the US, all should declare any bitcoin-wealth. WTF!

https://themerkle.com/new-us-bill-will-require-travelers-entering-the-states-to-declare-bitcoin-at-the-border/
88  Alternate cryptocurrencies / Announcements (Altcoins) / Re: COINDASH - Future of trading - ICO July 2017 on: June 20, 2017, 02:02:25 PM
Great move in getting a chinese advisor! China is a biiiiigggg market
89  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60K arks - will i be a millionaire by 2019? on: June 20, 2017, 03:13:26 AM
Once ark's products are rolled out and people use it, for sure you'll be a millionaire imho.
Congrats in advance  Grin
90  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [SNT] Thoughts on the Status ICO? on: June 19, 2017, 03:46:23 PM

As far as the total numbers of coins, why do some people here have an answer? we have no idea, because there are apparently a bunch of hidden ceilings after $12m s is collected. When that first ceiling is hit they will close it within 24 hours, in which time another $100m could be collected for all we know.
This could easily turn out to be another $100m+ ico, so don't get too excited about getting in quick -this is not like bat, where it will start with a small market cap and plenty of room for it to go up on the exchanges.
If you ask me this whole idea and mysterious ico structure, added with the fact there is no bct threat = this is some serious bullshit with a high risk. Look at the team, you have to be kidding me there are just first names, wtf is up with that?!

agree with this. just first names of the devs, really?!
91  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] TenX [ICO] end of June: making Blockchain assets spendable on: June 18, 2017, 03:17:33 PM
One thing that is missing or I'm now seeing is the total amount of PAY that will exists.
It says 20% will hold the company but how much will be in numbers.

they say 80% will be for the public. 51% will be in the ICO and the 29% will be after the ICO.
ICO has 200k Eth. If 1 Eth = 350 PAY, so total is 70,000,000 PAY for the 51%.
29% will be around 40,000,000. if 1eth is still 350 PAY.
Total of 110M Pay for public sale which is 80%, then 20% for the company will be 27.5M Pay.
Grand total of 137.5M Pay tokens.

Hope I'm correct with my math. damn why dont they just put it in the whitepaper!  Grin Cheesy Roll Eyes Shocked Wink
92  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [STRATIS] Should I invest on: June 18, 2017, 10:16:18 AM
agree. it's now < $8 and a good time to accumulate before it pumps again.
buy low everyone  Wink
93  Alternate cryptocurrencies / Altcoin Discussion / Re: TEZOS ICO needs a maximum cap on: June 18, 2017, 06:58:32 AM
If it's capped, whales will be buying in and wiping out everyone. Then people will be complaining they were pushed out of the ICO.
Now if there's no cap, both whales and all other fish can buy in.

You talk about greedy developers but you're investing in the hope to sell high once it hits the exchanges which is greedy too.  Grin
Only true believers will be holding long term
94  Local / Altcoins (Pilipinas) / ICO na sasalihan nyo on: June 18, 2017, 06:18:38 AM
guys, anong upcoming ICO ang sasalihan ninyo?
Thinking of joining tenX, polybius, nvo, status and tezos
 
95  Alternate cryptocurrencies / Speculation (Altcoins) / Re: next x100 on: June 18, 2017, 05:58:40 AM
Go with Ark, believe me on this. Ark is yuge, in terms of team, community, tech and even the development funds!

2 coins that'll be $80-100:

Ark so that's x100
&
Waves so that's x20
96  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC: moon or doom? on: June 18, 2017, 05:50:58 AM
As I've heard recently that bitstamp would accept LTC on their exchange and im wondering on how could this effect on LTC since many people speculates that this one could give a boost to ltc since bitstamp is a great exchange but on my other though maybe LTC would get great boost their but its still no guarantee for me to accumulate more on it since im so afraid if my expectation will turndown and I will lost some capitals by wrong information and fuds scattered here.

Already affected, look the Bitstamp's twitter about Litecoin and the Litecoin price, you'll notice a big rise, specially in the last two days.

Usually the coin gets dumped once it hits a major exchange, so LTC will be cheap by Monday.

Hard to know what will be the price once things settle
If that's the case of ltc dumping, glad to have sold for a good amount  Smiley
97  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC: moon or doom? on: June 18, 2017, 04:16:54 AM
News is that Charles Lee quit coinbase and is concentrating on his brainchild, Litecoin. So long term-wise, future is bright!
 
98  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ARK - Blockchains Interoperability with SmartBridge 🔹 ARK on BiTTREX 🔹 on: June 18, 2017, 02:39:04 AM
I can't wait for ARK to actually release its Smartbridge tech, that'll be the real take-away for this coin.

Is there a time frame for this?
As far as I remember, it is by the end of this year.

So we have 5 more months to accumulate more ark😬😁
99  Alternate cryptocurrencies / Altcoin Discussion / Re: Tezos - no max cap what will happen? on: June 17, 2017, 12:50:54 AM
And when there's a cap and gets sold out, people start crying that whales ate it all up, small fish didnt stand a chance to buy and the devs are greedy.
No cap and people cry that sky,s the limit and the devs are greedy.
Funny reallly. So choose your poison Smiley
100  Local / Altcoin Announcements (Pilipinas) / Re: COINDASH - Future of trading - ICO July 2017 on: June 16, 2017, 05:20:42 PM
will join in coindash ICO! looks very useful
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