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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342634 times)
CO2
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September 17, 2017, 10:54:12 AM
 #5921

Perfect time to buy some SC. Bought last night SC for 2.300€. Don't miss your chance guys to earn good profit.
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carlisle1
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September 17, 2017, 04:04:34 PM
 #5922

Perfect time to buy some SC. Bought last night SC for 2.300€. Don't miss your chance guys to earn good profit.
what would be our expected updates mate? as I wonder how things will work from here we seen some fluctuations coming from every crypto coins
as well with bitcoin value I'm expecting some good things to come so holding Sia would benefits me in returned.
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September 17, 2017, 04:22:55 PM
 #5923

Hi,

Can we find somewhere a chart about the time growth fo SIA user and Mo upload ?

I like this project, one of the rare that justifies existance of his coin and with a real market to eat

LOL @0gantia, I am precisely working on a website showing all those Sia stats and metrics (30+ charts). It will be ready in 7-10 days if everything goes well, stay tunned. In the meantime, we have this graph from the last official tri-annual report (https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7):




That's really intriguing. Thx
I'm more interested in siafunds now. Has Nebulous mentioned anything about selling their portion at any point and/or possibly making them divisible to be sold in smaller units?

No, they haven't said anything about selling their portion, as that would mean the end of the incentive to keep improving the adoption. There has been some debate I the past about making SFs divisible or not. Nothing definitive has been stated

Cool, I wait that man  Wink
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September 17, 2017, 05:22:31 PM
 #5924

Perfect time to buy some SC. Bought last night SC for 2.300€. Don't miss your chance guys to earn good profit.

If that's true, you're crazy :asd:

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Hakkane
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September 17, 2017, 05:36:57 PM
 #5925

If that's true, you're crazy :asd:

Seriously, don't you have anything else more interesting to do that going from one Sia thread to other to troll around, spread FUD, and then never answering when someone tries to debate with you that you are wrong? Because you have a long, long history of unanswered FUD posts on this thread...
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September 17, 2017, 07:00:59 PM
 #5926

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool

Why are you saying bigger drop
its already done with dropping and i think it hit bottom with that

110sat are pretty much Bottom, but dollarwise we are still in a position where people might want to dump for some profit. One third of market is presented by Yunbi who are, as far as I know, closing down their bussiness. Forced to do so, by chinese government according to https://www.coindesk.com/yunbi-bitcoin-exchange-latest-close-china-crackdown/
Days after Yunbi has left would be buying opportunity.
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September 18, 2017, 11:40:51 AM
 #5927

I'm copying a reddit post https://www.reddit.com/r/siacoin/comments/70gtil/why_is_only_80tb_of_the_network_utilized_sia/dn3utc4/ that might be of interest for you all.

Quote
Let it be clear that, in my following statement, I am not bashing the developers, the program, or anyone, as I know they are very diligently working on progress/coding/development/etc. I'm just offering my view as someone who is big into computers, personal data storage (24TB usable, way too close to full), went to a tech school, and can see into the world of the more computer adept and the world of those who just use technology to login to Instagram. I personally love the concept behind Sia and am rooting hard for it to succeed in the long run.

I think there are several barriers to more widespread usage that need to be addressed before we see that utilization we all believe dream of, and I'm going to address the concerns towards normal consumer use right now, so all of the following pertain to people like your mother/father/sister/brother who aren't 1) into crypto and, more importantly, 2) use the computer to check email, Facebook, IG, and play flash games:

Note added at the end: Most, if not all, of the following points reference consumer use and Sias competition vs Google Drive and Dropbox. I do this because I see that most comments about Sia's future revolve around toppling either consumer use of those programs OR enterprise adoption. Perhaps I am misunderstanding the scope of Sia and regular consumer use is not the focus. For now, my focus is on that consumer adoption for use as warm or hot backup and file sharing, not as cold storage or enterprise adoption.

1) Most importantly, ease of set-up and initiation:

Right, to begin storing files on Sia goes like this: Download Sia wallet --> sync entire blockchain (hours to days of time) --> open Coinbase account (wait days+ to get authenticated and activated) --> buy BTC/LC/ETH (instantly or up to a week depending on funding method) --> transfer to Poloniex (or another exchange that trades SC) --> trade for SC at current price (I'll touch on this more later) --> withdraw coins into personal wallet --> Create allowance (and understand that failure to pay may result in loss of data) --> wait for 20+ contracts (variable length of time) --> upload files through client. All-in-all, you're talking about a few days (I forget how long CoinBase/Gemini activation took) to 2 weeks to even begin uploading files. In comparison, starting with no account, you can start uploading to DropBox or Google Drive in 10 minutes if your connection is slow. Yes, the more technically involved people may already have some crypto to exchange, or don't mind the wait if they're going to use it for cold storage/offsite backup, but that's a small group compared to the overall user base of Drive and Dropbox.

To me, the first hurdle is this: making Sia crazy easy to set up: Install wallet, buy SC with fiat directly from the wallet, make blockchain sync wildly faster or unnecessary for initial upload, and allow for upload of files immediately, perhaps some kind of local cache that automatically begins to upload to the Sia network once contract requirements are reached. Once normal consumers can set up Sia as fast/almost as fast as other offline clients, then they might start joining.

2) Second, ease of use:

DB and GD create a local folder that functions like any other folder on your computer that you can manipulate as you are used to (drag-n-drop, delete, rename, open file in place). Sia operates only through the client, making it less convenient for daily use.

I will add to this the note for users like me (shout-out to r/datahoarders) who have higher-than-usual (sane?) amounts of personal storage who are always looking for offsite/cold-storage: some way to auto-synchronize servers worth of data without manual intervention would be huge. Personally, this is why I don't use Sia for offsite/cloud backup: I have 20TB of data across multiple mapped network drives that I will not go through daily/weekly to update with the latest state of my files. I already have SC, I already have exchange accounts, and I've already synced the blockchain. This is my last big hurdle to at least testing adoption for long-term use.

3) Cost of Use

GD and DB have free tiers where small quantities of data may be stored. Sia does not have that. Even if the price/TB is miniscule, people (in my observation) tend to avoid making ANY payment for a subscription unless there is an increased benefit highly relevant to them.

Additionally, there needs to be a convenient way to cancel the contracts. Right now, I'm not even sure how to do that.

4) Method of payment, specifically price fluctuation

Crypto as a whole is extremely volatile right now. Prices fluctuate all the time. This means the cost of the storage is ever-changing. What costs $0.50 right now may be $2 tomorrow because of Sia network utilization and SC price fluctuation. Again, these prices are WAY cheaper than current storage per TB but I don't believe that people will want to put in $10USD for X amount of storage for 2 months and in a month find out that now that's going to cost $20.

In Closing

As I noted above, these issues are all regarding mainstream consumer adoption from those who might migrate from DB/GD/etc. For enterprise adoption, or cold-storage/offsite backup, these may or may not be relevant, and there other issues to consider. I would love to discuss any and all thoughts posed above as I personally love Sia and would love to adopt it fully myself (who doesn't want another 20+TB of network utilization?) and I would absolutely love to see Sia take off.

As a last aside, thank you to all of the developers and supporters, I know you're busting your asses and I look forward to this crazy ride.
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September 18, 2017, 05:05:01 PM
 #5928

I'm interested in investing...few quick questions:

1. Can I just buy the coins and hold them and move them to an offline wallet? I dont want to give away my hard drive space.

2. Does SIA have any clients using its services and has SIA published those numbers?
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September 20, 2017, 02:23:31 AM
 #5929

what do you think about the price of sc? it is good to buy or wait for dump?

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September 20, 2017, 02:26:56 AM
 #5930

So big correction for Bitcoin is not helping Sia. But anyway from my observation bottom is already reached, so now is the best moment to fill wallets Wink
Pump is coming Wink

Right there is blood in the streets, now is the time to buy.

Not yet, we'll see even bigger drop. Wait bit more and then buy shit ton of SIA.
 Cool

The amount of supply is too much, better to wait at the bottom until the time of purchase arrives.
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September 20, 2017, 10:35:52 PM
 #5931

Why are there so many people who do not trust this project?
You're bound to lose money if you do not give time to new start up like this!

In 2 years time SIA will be as famous as Apple, Amazon, Google.
You will regret how you sold your SIA coin when it was lowest!
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September 21, 2017, 07:17:03 AM
 #5932

sia is very very good project.
and i love this cryptocurency.
but my question is for invest .
is this price good for buy or more dump ??
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September 21, 2017, 07:51:33 AM
 #5933

I think SIA is still in an early stage. If all goes well the dev team will update features and make it a better product every time. But you have to start somewhere and the idea is really good
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September 21, 2017, 11:47:55 AM
 #5934

why siacoin remove from exchanges?
is this issue important?
is siacoin in bittrex safe?
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September 21, 2017, 01:36:01 PM
 #5935

why siacoin remove from exchanges?
is this issue important?
is siacoin in bittrex safe?

Check here:

https://blog.sia.tech/psa-regarding-siacoin-on-exchanges-67c6b472525f

Yunbi is closing due to Chinesse regulations, Cryptopia never had any real volume of operations in Sia, and never asked devs for help with their issues.

While Bittrex is safe (I have seen some false FUD about Bittrex closing recently, I don't know where is it coming from), the safest place will always be a wallet in your computer
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September 21, 2017, 01:41:31 PM
 #5936

why siacoin remove from exchanges?
is this issue important?
is siacoin in bittrex safe?
Bittrex seems to be OK for now but its always better to store your coins locally in your own wallet as the exchanges could get hacked and you may end up losing all your coins.
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September 21, 2017, 03:14:31 PM
 #5937

Hi guys, on August I have seen on the Roadmap that there are a lot of (small) milestones / updates planned for September.

Unfortunately I did not safe the roadmap and I am not so close with SIA, so I don't know if all updates dated for Sept. were done so far.

Currently next update is planned for ~ nov 2017.

I was a bit surprised that price drops to such a low level, however, I see it as good entrance chances, but I also guess that price will not rise a lot until nov.


SIA is one of the projects with the highest lose from ATH this June (similar to ICN or also a bit like GNT). To be honest I am not quite sure why all shit projects get hyped that much and serios projects like sia, icn, gnt, stratis, waves and so on are far away from their hypes? Although market has risen a log since june.

Were they so much "over hyped" and is the price on a "normal" level currently? Are all these serious altcouns undervalued at the moment?

 
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September 21, 2017, 08:32:02 PM
 #5938

sia is very very good project.
and i love this cryptocurency.
but my question is for invest .
is this price good for buy or more dump ??

As long as you believe in the project, one day it will soar by 5x, 10x, 50x.
Any price you buy now is a good price!
Just believe in yourself!
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September 21, 2017, 08:55:04 PM
 #5939

Hi guys, on August I have seen on the Roadmap that there are a lot of (small) milestones / updates planned for September.

Unfortunately I did not safe the roadmap and I am not so close with SIA, so I don't know if all updates dated for Sept. were done so far.

Currently next update is planned for ~ nov 2017.

I was a bit surprised that price drops to such a low level, however, I see it as good entrance chances, but I also guess that price will not rise a lot until nov.


SIA is one of the projects with the highest lose from ATH this June (similar to ICN or also a bit like GNT). To be honest I am not quite sure why all shit projects get hyped that much and serios projects like sia, icn, gnt, stratis, waves and so on are far away from their hypes? Although market has risen a log since june.

Were they so much "over hyped" and is the price on a "normal" level currently? Are all these serious altcouns undervalued at the moment?

 

Just remain silent and in the meantime do what smart money usually do in despair phase of market cycle... also buy some popcorn... november is coming soon...
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September 22, 2017, 09:12:18 PM
 #5940

I am really really scared at this point.. bought at 450 satoshi
and price is dropping like dead end.  Cry
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