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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1338291 times)
RhinoTrader
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June 06, 2017, 04:32:36 PM
 #4841

I noticed that sometimes during the big pumps, wallet on polo doesn't work for the coins that is growing, so miners\holders cannot deposit and sell their coins.

Is there anyone who is aware of situation with polo SIA wallet? why it doesn't work?

I've also observed this. But this is more common with SIA. Initially, I thought the reason behind this was Polo, but after reading Reddit posts by SIA developers, I understood that it is due to their programming. Possibly, their integration fails when a large volume in place at Polo. Hopefully, it will be corrected so we can sell our coins to get profit.
I've just got response from Zach regarding wallet in polo:
"Hopefully in next day or two. We are still in close contact."


More updates from Zach:

Quote
We didn't expect blocks to be filling up as early as 2017, so the software didn't really have the capability to handle full blocks.
But... blocks are filling up now. Every few hours and sometimes several times in a row we'll have full blocks and full transaction pools. It's causing the network to choke. We've pushed out about 5 different fixes for various components of Sia that let them more gracefully handle full blocks, and we've got about 3 more in the pipeline.
We'll be doing a beta release of the new scalability stuff later this week, with hopefully the public release next week.
edit: need to mention that we've given the exchanges everything they need to get unstuck, Polo is dragging their feet but Bittrex has been working with us continuously. They should both be re-enabled soon.


Zach on the overall poloniex situation:

Quote
They are really really far behind. They went from being behind and having 2,000 users always online to being behind and having 50,000 users being always online in like 30 days.
First they had to scale the platform, then the ops team, then the support team, and now finally they can start shrinking the backlog. Or so I imagine. Suddenly onboarding 10x users is always going to hurt, Sia is feeling it too.
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matmator
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bou !


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June 06, 2017, 05:24:03 PM
 #4842

We can put the mined siacoin directly on the wallet as eth?

Because the address is different each time on the wallet.

go to the moon !!
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June 06, 2017, 08:21:18 PM
 #4843

Why has Bittrex had Sia Wallet tied up for three days in "maintenance"?
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June 06, 2017, 10:25:04 PM
 #4844

Why has Bittrex had Sia Wallet tied up for three days in "maintenance"?

its fixed now
dpapaemc
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June 06, 2017, 11:25:00 PM
 #4845

Why has Bittrex had Sia Wallet tied up for three days in "maintenance"?
its fixed now


      No it isn't either. I'm out, next coin.

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June 07, 2017, 01:00:15 AM
 #4846

Fixed for me. 2059 EST
Porfirii
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June 07, 2017, 10:48:44 AM
 #4847

In Bittrex it was fixed yesterday.

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June 07, 2017, 11:15:38 AM
 #4848

sc looks really promising, but i'm concerned companies like Google have cloud storage on a mass scale in the bag (and probably already creating something like this in the background), could this be a genuine contender for mass adoption or is it more specialist?
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June 07, 2017, 11:20:59 AM
 #4849

For me sia is already valued too much. Mostly china holders holding this coin. in a month it made over 10x. For long term it could be come back to 50 satoshis.
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June 07, 2017, 11:41:18 AM
 #4850

sc looks really promising, but i'm concerned companies like Google have cloud storage on a mass scale in the bag (and probably already creating something like this in the background), could this be a genuine contender for mass adoption or is it more specialist?

In my opinion, if Google is the reference in internet it have to think if it need to buy (or invest) in crypto/decentralized projects.
Maybe it has done. Now All projects are small and recent. Time to time.
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June 07, 2017, 11:54:03 AM
 #4851

Actual price x5 is still cheap for SIA users Cheesy


I think we can go higher than this Smiley

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June 07, 2017, 12:22:44 PM
 #4852

Actual price x5 is still cheap for SIA users Cheesy


I think we can go higher than this Smiley

How far this calculation will work because there are many whales who are holding a lot of SIA coins. Right now the price of SIA coin is very low and what are the chances that the price of SIA will increase.
David Chen
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June 07, 2017, 12:47:18 PM
 #4853

Actual price x5 is still cheap for SIA users Cheesy


I think we can go higher than this Smiley

How far this calculation will work because there are many whales who are holding a lot of SIA coins. Right now the price of SIA coin is very low and what are the chances that the price of SIA will increase.
 

Sorry, my English is not good. 

I have a question.

Now, we have to storage 2000 Sia Coins to get storage. But what if the price of Sia increase to 1$ per coin , then it seems expensive, who will use the Sia to storage?

reputation is everything.
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June 07, 2017, 12:58:22 PM
 #4854

Actual price x5 is still cheap for SIA users Cheesy
http://oi64.tinypic.com/15511jn.jpg

I think we can go higher than this Smiley

How far this calculation will work because there are many whales who are holding a lot of SIA coins. Right now the price of SIA coin is very low and what are the chances that the price of SIA will increase.
 

Sorry, my English is not good. 

I have a question.

Now, we have to storage 2000 Sia Coins to get storage. But what if the price of Sia increase to 1$ per coin , then it seems expensive, who will use the Sia to storage?

No, you need less SC.
You can compare with other coins to sell/buy. If you want to sell a professional bike for 1Btc (3000$) and two months later btc=6000$, your bike will sold for 0.5btc (if you want to keep the original price in $).
Adjust rates only.
Hakkane
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June 07, 2017, 01:50:20 PM
 #4855

Actual price x5 is still cheap for SIA users Cheesy


I think we can go higher than this Smiley

How far this calculation will work because there are many whales who are holding a lot of SIA coins. Right now the price of SIA coin is very low and what are the chances that the price of SIA will increase.
 

Sorry, my English is not good. 

I have a question.

Now, we have to storage 2000 Sia Coins to get storage. But what if the price of Sia increase to 1$ per coin , then it seems expensive, who will use the Sia to storage?

The storage pricing is totally independent of the market value of the coin. As a decentralized network, is each independent host who decides the pricing, and most of us are targeting always at the $1-2/Tb pricing. The value of Sia coin is increasing, so accordingly we are progressively reducing our pricing. Only competent hosts are selected when a file contract is formed, and as pricing is the main component of the score, it is ensured that only cheap hosts will be selected.

Right now, as the market value has been extremely volatile in the last month, several hosts are still adjusting the pricing, so right now the average hosting price is something about $5/Tb, but probably it will be reduced in the next days when the market value stabilizes and hosts adjusts the pricing accordingly.

I don't think you need that 2000SC minimum to rent. There is a 2000SC minimum to host (as a collateral budget), but a renter can make a small allowance if he only wants to rent a few Mb or Gb. The real minimum for renting is probably something like 50SC
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June 07, 2017, 02:24:12 PM
Last edit: June 07, 2017, 03:12:03 PM by Porfirii
 #4856

sc looks really promising, but i'm concerned companies like Google have cloud storage on a mass scale in the bag (and probably already creating something like this in the background), could this be a genuine contender for mass adoption or is it more specialist?

In my opinion, if Google is the reference in internet it have to think if it need to buy (or invest) in crypto/decentralized projects.
Maybe it has done. Now All projects are small and recent. Time to time.

Google's business model consists in offering cheap or even "free" services in exchange of your data.

Imho the concept of a decentralised cloud secured by blockchain goes against the very fundamentals of its model. A project like Sia can be a game changer in the business of Cloud, just like the way Google's model was disruptive for directories years ago.

Blockchain technology enables not just a cheaper, more efficient way to perform tasks but it also can ensure privacy, if the customer is concerned about it and choses wisely.

Some New Member just posted the following before deleting it; I'm copying it so the image can be seen.



http://www.ibtimes.co.uk/sia-takes-cloud-giants-blockchain-based-decentralised-storage-1625126

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DeepOnion
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khash4u
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June 07, 2017, 03:15:06 PM
 #4857

sc looks really promising, but i'm concerned companies like Google have cloud storage on a mass scale in the bag (and probably already creating something like this in the background), could this be a genuine contender for mass adoption or is it more specialist?

In my opinion, if Google is the reference in internet it have to think if it need to buy (or invest) in crypto/decentralized projects.
Maybe it has done. Now All projects are small and recent. Time to time.

Google's business model consists in offering cheap or even "free" services in exchange of your data.

Imho the concept of a decentralised cloud secured by blockchain goes against the very fundamentals of its model. A project like Sia can be a game changer in the business of Cloud, just like the way Google's model was disruptive for directories years ago.

Blockchain technology enables not just a cheaper, more efficient way to perform tasks but now it also can ensure privacy, if the customer is concerned about it and choses wisely.

Then we have the issue about data being stored for Government or certain corporations that won't go with hosts if files a stored in certain countries that they deem to be a risk. I know data is encrypted but you still have these concerns about corporate /Government security as "trust" isn't given easily since the Ed Snowden fiasco.

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Porfirii
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June 07, 2017, 03:40:54 PM
 #4858

Decentralised Cloud means that the files are not in a single Country, but just parts of them in different countries.

If a Country wants to have access to a file in Sia I guess it should have signed International Agreements with all the different countries where those parts are localised. That is very improbable and even if it wasn't I don't know whether it would be possible to manage it technically. Centralised servers have this problem, decentralised blockchains don't.

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DeepOnion
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reginaldo173
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June 07, 2017, 04:58:14 PM
 #4859

Decentralised Cloud means that the files are not in a single Country, but just parts of them in different countries.

If a Country wants to have access to a file in Sia I guess it should have signed International Agreements with all the different countries where those parts are localised. That is very improbable and even if it wasn't I don't know whether it would be possible to manage it technically. Centralised servers have this problem, decentralised blockchains don't.

Nice explanation. Thanks
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June 07, 2017, 06:45:05 PM
 #4860

sc looks really promising, but i'm concerned companies like Google have cloud storage on a mass scale in the bag (and probably already creating something like this in the background), could this be a genuine contender for mass adoption or is it more specialist?

In my opinion, if Google is the reference in internet it have to think if it need to buy (or invest) in crypto/decentralized projects.
Maybe it has done. Now All projects are small and recent. Time to time.

Google's business model consists in offering cheap or even "free" services in exchange of your data.

Imho the concept of a decentralised cloud secured by blockchain goes against the very fundamentals of its model. A project like Sia can be a game changer in the business of Cloud, just like the way Google's model was disruptive for directories years ago.

Blockchain technology enables not just a cheaper, more efficient way to perform tasks but it also can ensure privacy, if the customer is concerned about it and choses wisely.

Some New Member just posted the following before deleting it; I'm copying it so the image can be seen.

https://i.imgur.com/mYFgpHZ.jpg

http://www.ibtimes.co.uk/sia-takes-cloud-giants-blockchain-based-decentralised-storage-1625126

Well, it's a problem we do not know what will happen. Some countries censor some websites or cut connections in some cases.
Maybe with decentraliced apps, some goverments will want to regulate or censor.
Today, it seems that it is possible to know what you are doing with your computer, and we know that Tor is not infallible (for example).

Today this amazing technology can be used for great things and for worst things.
Today we are reading and listening to news like this: http://www.bbc.com/news/election-2017-40181444

I think that centralized companies and goverments that want to control our data are thinking about how to control this technology. We are in fornt of the doors of a new way to perceive and understand the economic / social world, and lobbies are waiting to bit their part of cake, in form of money or accessing in our privacity.

Sorry for the brick :p
It's an idea about when I wrote that centralized big companies maybe buy or invest in decentralized technology.
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