Bitcoin Forum
September 22, 2019, 03:38:25 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 ... 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 [290] 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 ... 487 »
  Print  
Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342716 times)
attilafx
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
September 01, 2017, 08:49:10 PM
 #5781

Thanks Hakkane for all your replies Smiley
I also have a question ! Uploaded files are encrypted and split, is this process done by the client ?

My pleasure  to help Smiley

Yes, files are encrypted by the client using the Twofish algorithm (one of the most secure that exist) and the splitting and spreading of the file among 30 hosts is also carried out by the client using the Reed-Solomon algorithm.


Sia really has failed. The first mistake was that you need to have atleast 2000 sia to sell your storage. That would have scared some people away. And people list it in one of the best coins to invest in.

Those minimal 2000SC are called Collateral, and it a guarantee you offer that you will keep your promise of hosting the files during the whole contract. If you are a good host, you receive them back. If there was no collateral (and this is the concerning case of Filecoin or StorJ), hosts would drop the files they are hosting as soon as another HDD-mineable coin was more profitable than Sia, thus making the files unavailable. Do we want a shit-coin in that conditions? No, for that reason collateral exists. To be a host is not an experiment of a weekend, it is a compromise as you are hosting the files of other people, and that entry point of 2000SC is actually very low. Don't you really have $16 to offer (that will be returned if you are a good host)? Seriously??


Sia really has failed. The first mistake was that you need to have atleast 2000 sia to sell your storage. That would have scared some people away. And people list it in one of the best coins to invest in.
Sorry to be a D**khead or so but reality is that it was something new that had to prove it self. You probably chased the hype around this coin until reality hit and people realized that the devs can't deliver. If you are unexperienced trader learn this not to jump on board the first 6 to 12 months. Let the market decide what they think. it is not you nor me who will decide the price of Sia but the market. And now, if you look at the chart, every uptick is being met with more sellers. This means that the market doesn't give shit anymore about the devs of SIA. if they did you would have seen prices going up and not down. So basicly, the devs of SIA are working for nothing right now and have no future. Probably can go back to work and become wagecucks again. Not that I care since they don't care about the price neither. So let them proof us wrong but the odds are pretty much against them. Better buy some litecoin or ethereum classic or waves or whatever. Buy what the market supports. Not some faithless coins.

And what are devs not delivering, according to you? Sia is a working storage network currently offering 3.5 petabytes of storage among more than 700 hosts worldwide distributed. You have hosts at less than 50milliseconds of ping of every bigger city in the planet (which other storage provider can claim that?). File contracts are being formed every day and renters are uploading and downloading files. Take a look at the growth of file contracts:

https://cdn-images-1.medium.com/max/800/1*lMm30bBkyor9BtnirI9h3w.png
(Source: https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7)

In a few months, reliability for renters will be revamped, file sharing and file streaming will be available and integration with many other services and apps will be enabled.

So what are they not delivering, according to you? What you might mean is that devs are not making you rich fast? Sorry buddy, but your investment decisions and their consequences are entirely your fault (or your success). Devs are not here to make you rich by you speculating with the price of a coin, devs are here to keep making a better product. And after what I have exposed it should be clear they are doing an incredible work in that sense.

Well like I said, it's not me who decides but the market and let's be honest charts never lie looking at the price. Just saying.
There are several different types of Bitcoin clients. Header-only clients like Bither trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
MrSunshine
Sr. Member
****
Offline Offline

Activity: 840
Merit: 257


View Profile
September 01, 2017, 09:17:55 PM
 #5782

I invested in SIA on June 18th when it was 0.018$, I invested 7 BTC which is worth now 1.75 BTC and I got 1M sia. I am just too disappointed in SIA that this coin has not been going up like all others even things they implemented like ASIC miners for next year, This was a utter failure on their end but once again I am a bag holder due to SIA and cannot sell unless I break even which I don't see anytime this year but u make mistakes and you learn from these mistakes. I learned it the hard way, Hope sia bring out something big or new which would increase its prices. I hoped to invest in SIA that if it ever touches 1$, I would have 1M$ in my pocket but 1$ seems impossible for this coin due to their current progress. SMH!

That was near all time highs. I was telling my friends at that time to stay away from crypto as it got to far ahead of itself with prices. It was clear to me it was in a minor bubble. Also if you calculate your losses in USD they would not be as dramatic as compared to BTC as BTC has quite a run of late. In USD terms I think SIA is about 55% off it's ATH.
GaPR
Member
**
Offline Offline

Activity: 236
Merit: 11


View Profile
September 02, 2017, 04:58:58 AM
 #5783

I would in your place has preserved its SC, perhaps you will be satisfied. Find SC on Poloniex and Bittrex, had already said in favor of this coin.
z0n0
Legendary
*
Offline Offline

Activity: 1274
Merit: 1006



View Profile
September 02, 2017, 06:57:29 AM
 #5784

So if I understood right: the pricing is about 1$/1TB per month?
Isn't that way to low for regular normal people?

If you look, how many TB do most of regulars have in their system? Probably 1 or 2 TB HDD.
I don't see how this project can be used for small normal people (like myself), I see it only as only big HDD farms can benefit from it.
MrSunshine
Sr. Member
****
Offline Offline

Activity: 840
Merit: 257


View Profile
September 02, 2017, 10:46:29 AM
 #5785

So if I understood right: the pricing is about 1$/1TB per month?
Isn't that way to low for regular normal people?

If you look, how many TB do most of regulars have in their system? Probably 1 or 2 TB HDD.
I don't see how this project can be used for small normal people (like myself), I see it only as only big HDD farms can benefit from it.

Normal people benefit because of the lower prices. You can use Sia and pay $2/month and have better privacy, redundancy, with out worrying about some centralized owner changing the rules on you.

Or you could pay a big cloud provider $10/month, worry about them peaking in your files and worry about them cancelling or reducing the service on a whim.

I hope it is clear now how normal people could benefit.
z0n0
Legendary
*
Offline Offline

Activity: 1274
Merit: 1006



View Profile
September 02, 2017, 12:02:12 PM
 #5786

So if I understood right: the pricing is about 1$/1TB per month?
Isn't that way to low for regular normal people?

If you look, how many TB do most of regulars have in their system? Probably 1 or 2 TB HDD.
I don't see how this project can be used for small normal people (like myself), I see it only as only big HDD farms can benefit from it.

Normal people benefit because of the lower prices. You can use Sia and pay $2/month and have better privacy, redundancy, with out worrying about some centralized owner changing the rules on you.

Or you could pay a big cloud provider $10/month, worry about them peaking in your files and worry about them cancelling or reducing the service on a whim.

I hope it is clear now how normal people could benefit.

Yes, thank you.
BillCoin
Sr. Member
****
Offline Offline

Activity: 476
Merit: 259



View Profile
September 02, 2017, 12:55:16 PM
 #5787

SiaCoin is slowly recovering it's price as digibyte skyrockets and increases its value in about 50% less then one week.

What do you guys think about what siacoin price is going to be in the next few days?
As a holder I expect atleast a 20% increase to the rate of 250 sat/sc , it would be great!
smokiebean
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
September 02, 2017, 02:41:37 PM
 #5788

shit coin..
Dr Charles
Legendary
*
Offline Offline

Activity: 1554
Merit: 1080



View Profile WWW
September 02, 2017, 02:43:10 PM
 #5789

shit coin..

Hmm... seems like an educated statement of objection lol

cygan
Legendary
*
Online Online

Activity: 1456
Merit: 1060


in crypto we trust


View Profile
September 02, 2017, 02:44:38 PM
 #5790

shit coin..

Why? because you do not profit x5 / x10 within 2-3 weeks?
abudfv2008
Full Member
***
Offline Offline

Activity: 728
Merit: 106


View Profile
September 02, 2017, 02:46:54 PM
 #5791

I invested in SIA on June 18th when it was 0.018$, I invested 7 BTC which is worth now 1.75 BTC and I got 1M sia. I am just too disappointed in SIA that this coin has not been going up like all others even things they implemented like ASIC miners for next year, This was a utter failure on their end but once again I am a bag holder due to SIA and cannot sell unless I break even which I don't see anytime this year but u make mistakes and you learn from these mistakes. I learned it the hard way, Hope sia bring out something big or new which would increase its prices. I hoped to invest in SIA that if it ever touches 1$, I would have 1M$ in my pocket but 1$ seems impossible for this coin due to their current progress. SMH!

That was near all time highs. I was telling my friends at that time to stay away from crypto as it got to far ahead of itself with prices. It was clear to me it was in a minor bubble. Also if you calculate your losses in USD they would not be as dramatic as compared to BTC as BTC has quite a run of late. In USD terms I think SIA is about 55% off it's ATH.
Moral - don't put all eggs in one  basket.
CryptoNine
Member
**
Offline Offline

Activity: 192
Merit: 47


View Profile
September 02, 2017, 02:47:15 PM
 #5792

I purchased SC for 190 satoshi, and I think it is great cost for this coin. Furthermore, now I'm sitting tight for higher cost.
trgnn
Full Member
***
Offline Offline

Activity: 546
Merit: 100



View Profile
September 02, 2017, 03:53:41 PM
 #5793

I'm new into this whole scene and I was wondering... Is Sia can be bought ? What would happen if Google, Microsoft or Amazon buy it and maintain the service, linking it exclusively to their services ? Is it possible ?

Liquidity provider.
bgibso01
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
September 02, 2017, 03:55:43 PM
 #5794

SiaCoin is slowly recovering it's price as digibyte skyrockets and increases its value in about 50% less then one week.

What do you guys think about what siacoin price is going to be in the next few days?
As a holder I expect atleast a 20% increase to the rate of 250 sat/sc , it would be great!


I believe in slow and steady price rise then unusual pump/dump..
dgb pumped then dumped.. doubt if it can hold price
3x2
Legendary
*
Offline Offline

Activity: 1414
Merit: 1003

★YoBit.Net★ 1400+ Coins Exchange


View Profile
September 02, 2017, 03:57:00 PM
 #5795

I'm new into this whole scene and I was wondering... Is Sia can be bought ? What would happen if Google, Microsoft or Amazon buy it and maintain the service, linking it exclusively to their services ? Is it possible ?
Google, Microsoft or Amazon can buy it if Sia is successful, till now the reason of popularity is just speculation i dont see anyone using the hosting in sia network. Google, Microsoft or Amazon don't spend a penny on projects that are just based on speculation .

trgnn
Full Member
***
Offline Offline

Activity: 546
Merit: 100



View Profile
September 02, 2017, 05:27:07 PM
 #5796

I'm new into this whole scene and I was wondering... Is Sia can be bought ? What would happen if Google, Microsoft or Amazon buy it and maintain the service, linking it exclusively to their services ? Is it possible ?
Google, Microsoft or Amazon can buy it if Sia is successful, till now the reason of popularity is just speculation i dont see anyone using the hosting in sia network. Google, Microsoft or Amazon don't spend a penny on projects that are just based on speculation .

That's true but there is like, 0 communication on SIA. I talked about it to some people I know who might need secure cloud storage for work and they're all interested in it. There is a few things that stop them to step in :
- They're not familiar with the technology. They're used to a drag'n drop through web interface or shared folder in Windows / OSX. The whole you need Siacoin is still mysterious for a lot of people.
- They know nothing about centralized/decentralized storage. And even if they know a few... they know nothing.
- They have to buy Siacoins for using it. And I know it's easy, but I also know everyone isn't used to do such things. A lot of people who would use this product aren't familiar both with the tech and the whole crpyto world.
- They never heard about SIA ! This thing need to be putted in front of people who have already the need for such product. You can have the best product in the world, if nobody know about it, it'll stay in the shadow forever.

Liquidity provider.
3x2
Legendary
*
Offline Offline

Activity: 1414
Merit: 1003

★YoBit.Net★ 1400+ Coins Exchange


View Profile
September 02, 2017, 05:42:15 PM
 #5797

I'm new into this whole scene and I was wondering... Is Sia can be bought ? What would happen if Google, Microsoft or Amazon buy it and maintain the service, linking it exclusively to their services ? Is it possible ?
Google, Microsoft or Amazon can buy it if Sia is successful, till now the reason of popularity is just speculation i dont see anyone using the hosting in sia network. Google, Microsoft or Amazon don't spend a penny on projects that are just based on speculation .

That's true but there is like, 0 communication on SIA. I talked about it to some people I know who might need secure cloud storage for work and they're all interested in it. There is a few things that stop them to step in :
- They're not familiar with the technology. They're used to a drag'n drop through web interface or shared folder in Windows / OSX. The whole you need Siacoin is still mysterious for a lot of people.
- They know nothing about centralized/decentralized storage. And even if they know a few... they know nothing.
- They have to buy Siacoins for using it. And I know it's easy, but I also know everyone isn't used to do such things. A lot of people who would use this product aren't familiar both with the tech and the whole crpyto world.
- They never heard about SIA ! This thing need to be putted in front of people who have already the need for such product. You can have the best product in the world, if nobody know about it, it'll stay in the shadow forever.

believe me there are no real people using sia as a storage platform, all the hype is just because of speculation and why the hell you think that sia will be 1$ , do you know if sia get 1$ then the whole cap will be out of milky way, the total supply is insane for sia.
The storage has to be cheap if you want to compete Google and AWS so why the hell you think the per token price will rise when the the technology is just meant to keep the hosting cost daam'n cheap.

cico76
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
September 02, 2017, 05:50:37 PM
 #5798

Coin supply is huge and it's inflationary

As the other 95% of cryptocoins, and that is not preventing you investing on them  Smiley

Furthermore many chinese host are selling hd space very low creating low coin value.

That is simply a lie. Only 19 out of 720 hosts are located in China (2.7%), and the amount of storage they offer is irrelevant. Hosting is mainly a western countries thing (source: https://siahub.info/network)

They should add more feature or cloak system to create anonimous transactions.

Being a coin used for paying storage contracts where files are completely encrypted, the anonymity of transactions is irrelevant. There are much more interesting features the developing team is working on:
- Improvements in scalability and reliability for renters
- Recovery of files only with the wallet's seed
- File sharing
- File streaming...


................. Next time you have to increase your post count, try either to say something more coherent or limit to speculation about the price like every other sigspammer  Wink. Writing a random lie or incoherent stuff only misinforms other people and speaks very bad about you

Hello Hakkane.
It was not my intention to write down random lies.
And also I'm not a sigspammer as you can think.

I think Sia IS a very good project where I put lot of attention and money since beginning and I'm very disappointed regarding actual price and future. That's why I opened 3 discussion points.

1) closed. Nothing to say.
2) OK, network is mostly in europe. But my sentence is not a lie and I think it's not totally wrong.
Point is : without a low sell limit people can sell off or sell too low their free hd space. And this is something it's not possible (or I don't know how) to see with current network map.
If sia dont create a valid demand, price wil stay low.

3) Anonymity of transaction is relevant for people that share lot of hd space and want to stay anonimous... But ok other points you mentioned are more important now.

Wishing all the best to sia team. I would like to remember you tgat I come in peace... Please lower your sigspammers hate!  Cheesy
rabidri
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
September 02, 2017, 06:28:13 PM
 #5799

- They have to buy Siacoins for using it. And I know it's easy, but I also know everyone isn't used to do such things. A lot of people who would use this product aren't familiar both with the tech and the whole crpyto world.
- They never heard about SIA ! This thing need to be putted in front of people who have already the need for such product. You can have the best product in the world, if nobody know about it, it'll stay in the shadow forever.

Recently had a "coffee machine" chat if I can say so, with an engineer. Those points have really cooled him down Sad

About the first point, @Hakkane said this few pages before :
Pixeldrain (https://pixeldrain.com/) is a service for large files sharing, currently free. The author is implementing Sia as a backend and will allow a free tier like now, and a paid tier for very large files. There are at least 2 more projects that I am aware of, but they are personal communications, so I can't disclose information, sorry.

So it might be a solution Smiley
trgnn
Full Member
***
Offline Offline

Activity: 546
Merit: 100



View Profile
September 02, 2017, 06:36:19 PM
 #5800

Yes, definitely, I think integration on other services, with other interface for people would bring SIA into another level. And it'll be all good Smiley

Liquidity provider.
Pages: « 1 ... 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 [290] 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 ... 487 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!