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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1342695 times)
DroidR17A
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November 04, 2017, 04:40:29 AM
 #6381

The worst decision they made was to release ASICs for the coin. I know atleast 3 close friends who completely left the project as soon as they learned about it. I wish I followed their footsteps.

Why? If it's a proprietary, custom design, available for anyone to order, it can still be a level playing field and not necessarily BTC centralization type of situation.  Plus GPU hashing is incredibly power and heat intensive, making it far more eco friendly.

The fact that it's proprietary itself is a big turn off for a lot of people. I understand it is available to everyone but lets be realistic here. The average crypto hobbiest isn't going to invest money into a asic that will devalue in price faster than a brand new car. That deters a huge part of the population away from a coin that was once mineable by anyone with a computer and internet access. The whole point of a crypto asset/global ledger is to be atainable by everyone, not by a few who are well enough to risk a investment loss by purchasing said asic.

You make a good point but at the same time, to mine with GPUs at a meaningful hashrateyou still need fairly expensive equipment. Equipment that is likely to fail much faster - like one of my EVGA 1070 GTX FTWs that burst into flames a few days ago, after less than three months of use - so that's $500 down the drain. Also, based on the electricity rates where I live ($0.19 Kw/h), 50% of the cost is balanced out just on the running costs over a year.

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November 04, 2017, 05:13:04 AM
 #6382

any plans for coin burn soon?

When a host misses the uptime requirement of about 97%, its collateral is currently being burnt. Additionally, in a future update Proof of Burn mechanics will be introduced for hosts: they'll have to burn a part of their profits for proving they are legit (and so avoiding Sybil attacks).

It is not possible to predict how many coins will be burnt, as it will depend on how much storage space is being used. But if the network usage is big enough, PoB could counteract the mining coin supply and make Siacoin deflationary.

when will it work? How sia valuation for 2 satoshi be? Investors are concerned about what is going on around the project

Yes, people are kept waiting from many days and don't have any idea about the future of the SIA coin. I think we have to leave sia because there is no further movement from this coin. Simply we are wasting lot of time and money.
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November 04, 2017, 07:33:35 AM
 #6383

Is there any Slack/Telegram group to talk with the dev easily???
sia Discord server
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November 04, 2017, 08:01:33 AM
 #6384



Here's the best analysis of the p2p storage niche I've read so far...
Analyzing Filecoin, Swarm, Storj, SAFE and Sia.

They expect Filecoin to grab an 80% market share in 12-18 months...
But feel there will lots of room for small players to thrive.

Swarm will have the huge advantage of full Ethereum intgration...
Storj has many user friendly features...
Sia has many unique design features including PoW, but usability is an afterthought...
SAFE is written off as "in perpetual R&D".

https://multicoin.capital/2017/09/27/state-decentralized-storage/

and now, eos.io
rearendvague
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November 04, 2017, 08:51:39 AM
 #6385

Which currency will be accepted during the ICO?
MR,bon
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November 04, 2017, 09:35:18 AM
 #6386

warning: think smart, siacoin countdown from now coin this will be destroyed.
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November 04, 2017, 03:40:51 PM
 #6387

I don't think sia can grow up again in the near future.  Cry

Why do people keep coming into this thread with FUD, without doing any research? Sia can definitely grow in the future.
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November 04, 2017, 03:45:20 PM
 #6388

Has the coin really been developed? Has it useful for community with Sia's services?

Yes, Sia is one of the few crypto projects that can brag it has a working product, and actually it has been working for the last 2 years. Currently the storage network is 3.3 Petabytes big with 100TB being used. You can download the client and start uploading your files or offering your some disk space and be paid for that. This chart shows the growth of the used storage network:



Which currency will be accepted during the ICO?

The ICO was over 3 years and half ago...  It was not for Siacoins, but for the second asset of the network, the SiaFunds. 1130 were sold at 0.5BTC ($192 at that time). Siacoins were never offered in an ICO: it is a mined coin, and developer team only pre-mined 100 blocks.

Does the team have experience in this sphere?

The co-founder worked for a while on IBM. All of them were MIT students. At this points all of them have experience on the field... because Sia is already a working product  Smiley
rattle99
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November 04, 2017, 03:51:33 PM
 #6389

one thing that really sucks is that you need atleast 50K siacoins to start renting out your disk space.

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Hakkane
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November 04, 2017, 04:10:39 PM
 #6390

one thing that really sucks is that you need atleast 50K siacoins to start renting out your disk space.

That is not correct. Currently the minimal is just 2000SC. It is called Collateral, and actually is one of the biggest advantages of Sia compared to the rest of the similar projects. Hosts offer a collateral as a guarantee that they will keep the files during the whole contract with an uptime of about 97%, or otherwise they will lose that collateral. If they are good hosts, all that collateral is recovered.

Without collateral, hosts could just drop the files without any penalty and use their HDDs for other purposes. So collateral is an essential component for making Sia trustless.
rattle99
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November 04, 2017, 04:18:03 PM
 #6391

one thing that really sucks is that you need atleast 50K siacoins to start renting out your disk space.

That is not correct. Currently the minimal is just 2000SC. It is called Collateral, and actually is one of the biggest advantages of Sia compared to the rest of the similar projects. Hosts offer a collateral as a guarantee that they will keep the files during the whole contract with an uptime of about 97%, or otherwise they will lose that collateral. If they are good hosts, all that collateral is recovered.

Without collateral, hosts could just drop the files without any penalty and use their HDDs for other purposes. So collateral is an essential component for making Sia trustless.

wait..it's 2000SC?  Huh

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Lucky7btc
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November 04, 2017, 07:07:33 PM
 #6392

I don't think sia can grow up again in the near future.  Cry

Why do people keep coming into this thread with FUD, without doing any research? Sia can definitely grow in the future.

Yes is sickening its a bunch of kid cry babies who shouldn't be trading. They got $100 tied in and crying over it

Am I spamming? Report me!
pubix
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November 04, 2017, 08:47:50 PM
 #6393

Has the coin really been developed? Has it useful for community with Sia's services?

Yes, Sia is one of the few crypto projects that can brag it has a working product, and actually it has been working for the last 2 years. Currently the storage network is 3.3 Petabytes big with 100TB being used. You can download the client and start uploading your files or offering your some disk space and be paid for that. This chart shows the growth of the used storage network:



Which currency will be accepted during the ICO?

The ICO was over 3 years and half ago...  It was not for Siacoins, but for the second asset of the network, the SiaFunds. 1130 were sold at 0.5BTC ($192 at that time). Siacoins were never offered in an ICO: it is a mined coin, and developer team only pre-mined 100 blocks.

Does the team have experience in this sphere?

The co-founder worked for a while on IBM. All of them were MIT students. At this points all of them have experience on the field... because Sia is already a working product  Smiley

Holly cow, that's some impressive chart.

Will dig into SIA little more, looks good.

Thanks for sharing this.
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November 05, 2017, 09:29:08 AM
 #6394

I often inform that siacoin is very disappointing every day always down steadily downhill from 700sat-41sat. a very bad coin
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November 05, 2017, 10:03:28 AM
 #6395

I often inform that siacoin is very disappointing every day always down steadily downhill from 700sat-41sat. a very bad coin
Then leave this coin and stop complaining . Let us be exited about the bright future of sia . Price is down but developpement is up and sia's customers increase day by day

Edit that guy is a troll , new account with only complaints about Sia in his past messages .. He probably didn't even invest in siacoin Cheesy but in the competitor coins ..
Report to moderator please.
BigBopLT
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November 05, 2017, 10:04:23 AM
 #6396

WTF is wrong with that fking windows wallet? Seed and password the same which takes ages to write it then afterwards it asks for password to unlock it. I did not set up password so assume it's same fking gazillion words seed to unlock it. Can I get it right? No fking way!! 3 times in a row and i'm fking fuming!!!!!! Seriously?! Next time just make it more difficult to set up wallet which could be done more easier!!! Can not be bothered anymore...Will leave it on exchange
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November 05, 2017, 10:27:43 AM
 #6397

Damit such a cheap price now...i will pak a big bag after the fork...next season will come...with maybe a higher ath...Sia will defenitly rock!
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November 05, 2017, 11:04:35 AM
 #6398

Hope we'll see Sia Lite one day, there's a lot of people who'd want a simple wallet, no blockchain sync, no 16 hour waiting or crap like that.You open the wallet, you put the seed in, do a fast transaction and close the wallet within 1-2 minutes.

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November 05, 2017, 10:05:59 PM
 #6399

The team is fantastic! I trust these guys)

I agree and the team and supporters are great, the only thing is that the price is depressing and very undervalued... Really waiting that people will appreciate the real product and the price will reflect it.
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November 06, 2017, 03:22:23 AM
 #6400

I love this price. I can buy back. But what happened that it fell from grace AGAIN??
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